Industry

Australia’s two large, listed electricity gentailers have recently delivered some bad news to their shareholders. AGL announced a massive write-down of $2.7bn ahead of their half year results, while Origin warned of lower profits than expected. As usual these announcements serve as a Rorschach test. At least one commenter sees them as a kind of …

Are AGL and Origin going broke? Read More »

Fortescue Metals is apparently about to transition into an energy business. Or maybe a steel business. Or a technology company. Or all of the above. That’s according to its Chairman Andrew Forrest who kindly telegraphed Fortescue’s seismic shift in corporate strategy at a recent public lecture. Companies are normally relatively discrete about how and where …

Australia’s new energy giant Read More »