Forrester Financial News

16.11 / 06:53

Strategy Forrester show rock gay reports AACo maintains workplace is ‘respectful’ amid bully claims

Beef giant AACo, rocked by internal safety reports claiming some staff showed an “alpha” bullying culture and made homophobic slurs, has maintained it runs a “respectful workplace”.

16.11 / 05:57

JPMorgan Strategy economy Forrester BlackRock Andrew Forrest charges into asset management with Fortescue Capital

Andrew Forrest’s Fortescue says it is expanding into asset management, part of the iron ore and energy group’s strategy to fund green investments.

14.11 / 17:19

CEO Forrester ByteDance TikTok 2020 reports fall Sea posts surprise loss on hefty ecommerce investments, shares fall

Sea reported a surprise third-quarter loss as the Southeast Asian tech giant prioritized growth over profits by pouring money into its e-commerce business, sending its shares more than 17% lower on Tuesday. Rising competition from Alibaba Group's Lazada and ByteDance's TikTok, along with new entrants like PDD's Temu, have forced Sea to revamp its playbook this year, with warnings that the increased ecommerce investments may lead to losses in some quarters.

14.11 / 11:51

Digital CEO Entertainment Forrester reports Sea Ltd falls 13% after saying it will prioritize investing in the business

Sea Ltd (NYSE:SE) reported third-quarter results that exceeded analyst estimates, however, shares fell more than 13% in pre-market Tuesday.

12.11 / 03:53

Target Landmark Forrester Solomonic cover exclusive shock Grab Fortescue makes green land grab over plots twice the size of Singapore

Fortescue has put its foot on 150,000 hectares of land near its iron ore mines – to be used for renewable energy projects – just days after quietly scrapping plans for a multi-billion dollar wind and solar farm hub that had been central to its decarbonisation plans.

08.11 / 08:35

FIVE Strategy Forrester Zions Shaw and Partners poaches from Rio Tinto

Shaw and Partners have dipped into Rio Tinto’s ranks to appoint a new emerging resource companies analyst.

08.11 / 05:21

Waters Aware Forrester awards exclusive gay reports ‘Alpha’ culture: AACo bullying, homophobia claims raised

An “alpha group” of staff on an AACo property allegedly “routinely bullied, intimidated and harassed their peers”, according to an internal safety report at the cattle giant, which proclaims the importance of an inclusive culture.

07.11 / 07:29

Digital Manufacturing Forrester stage beautiful 2020 Billionaire Bastas emerges in auction for BWX’s Sukin brand

Dennis Bastas, the billionaire businessman behind the country’s largest generic drug supplier, is one of several parties in the final stages of the auction of BWX’s skincare brand Sukin and its production site.

07.11 / 05:57

Provident Action Forrester Bill cover information 2020 AACo’s golden director insurance cover unveiled

AACo was spending $3 million annually insuring its top brass against claims about their own actions, the most expensive item on an insurance shopping list for the cattle giant, according to leaked documents.

06.11 / 07:35

Citi Provident JPMorgan Forrester BAY performer reports Cerberus, JF Lehman circle Austal as JPMorgan restarts auction

It has been several months of silence at Austal, the ASX-listed shipbuilder which brought in JPMorgan to gauge interest in a buyout. Now it seems that two North American private equity firms – Cerberus Capital Management and JF Lehman & Company, are back and serious about a proposal.

05.11 / 15:01

Booking Forrester PINK show Inside social stars Your Online Order Has Been Delivered—and It’s Teeny Tiny

Sigrun Haraldsdottir knew something wasn’t right with her online order when she saw the delivered package fit inside her mailbox. Haraldsdottir, 57, had been looking to purchase a ramp for her 11-pound Yorkshire terrier, Emma, who needed some help hopping onto the sofa without hurting her joints. She saw just the thing advertised by a now-defunct website called penblast.com for $35 on Facebook.

05.11 / 06:37

Manufacturing Forrester BAY bass trumpeter Cannon-Brookes’ Sun Cable picks Tasmania for manufacturing site

Mike Cannon-Brookes’ Sun Cable, the $40 billion project aiming to transport solar power from the Northern Territory to Singapore, said it planned to manufacture the power cables itself at a specialised new facility in Tasmania.

02.11 / 02:29

Strategy Forrester awards BlackRock performer reports Department Fortescue faces shareholder revolt over ‘special’ exec payments

Fortescue’s shareholders should vote against the company’s remuneration arrangements because millions of dollars of bonuses have been paid to retiring executives with little benefit to the mining and energy giant’s investors, two influential proxy advisory firms have told their clients.

02.11 / 02:29

Digital NIC Forrester PayDay track travelers Andrew Forrest, Camilla and the $24m payday

Fresh from a capital injection from the billionaire Forrest family, Australian fashion designer Camilla Franks has taken a $20 million-plus payday from her eponymous resort-wear brand.

01.11 / 14:45

Apple Tesla Forrester show performer reports testing Analysis-Wavering ‘Magnificent Seven’ draw bargain-hunters amid U.S. stock sell-off

By Lewis Krauskopf

31.10 / 20:49

Target Manufacturing Forrester Sun Cable backer in $10b tilt at solar panel supply chain

Mike Cannon-Brookes’ investment partner in Sun Cable, Quinbrook Infrastructure Partners, plans to build a polysilicon plant in Queensland costing up to $10 billion to supply solar panel manufacturers.

31.10 / 06:10

Citi Target Parke Metro Forrester reports Department Plan to build more Sydney homes near train stations is ‘imminent’

New rules that could bypass anti-development councils are likely to be considered by the NSW cabinet soon, although how they would work is unclear, according to the state’s property development lobby group.

30.10 / 08:46

Provident Manufacturing Forrester President country 2020 Wyloo, Chalice, BHP sound alarm over Biden’s Jakarta nickel deal

Some of Australia’s largest nickel producers are increasingly concerned that the Biden administration will allow their big Indonesian rivals access to incentives under the Inflation Reduction Act – a huge subsidy to encourage the transition to clean energy – as early as next month.

29.10 / 05:11

Manufacturing Racing economy Forrester track innovations reports The world’s iron ore powerhouse is preparing to reinvent itself

iron ore, ready to be poured into a procession of bulk carriers bound for Asia’s steel mills. Rio Tinto Group, the world’s largest iron ore producer, shipped its first cargo of the steelmaking ingredient from this spot in 1966, at the dawn of a boom that minted billionaires and lifted the Australian economy, generating A$1.3 trillion ($820 billion) in earnings in the past two decades alone. Last year, iron ore shipments accounted for about 5% of the country’s gross domestic product. But now China is cooling, while steel producers are under pressure to clean up a sector that accounts for at least 7% of global greenhouse gas emissions, a change that will require new methods and higher-quality raw materials.

27.10 / 20:49

Target Platform Strategy Forrester show performer audience Discounts Amazon's playbook for happy holidays: discounts, same-day delivery - and AI

By Arriana McLymore

27.10 / 01:49

Reuters Manufacturing Forrester NVIDIA 2020 reports Intel beats expectations as margins rise, manufacturing momentum builds

Intel forecast fourth-quarter revenue and margins above Wall Street estimates on Thursday, optimistic about a healthy rebound in personal computer sales, improvement in its data center business, and a growing lineup of customers seeking its manufacturing services. While Intel remains under heavy competitive pressure from Nvidia in the data center chip market, the easing PC slump and stabilization of its server chip business helped raise gross margins faster than analysts had expected. The company's executives had warned that it could take well into next year for margins to rise significantly.

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