Ryan Stokes-led diversified business SGH recorded a 5 per cent post-tax statutory net profit increase to $486 million last financial year, led by upticks at concrete maker Boral and Westrac.
Leadership WA has appointed Candy Choo as chief executive as the not-for-profit prepares for Dominique Mecoy's departure. Ms Choo will take over from Ms Mecoy from October 6.
Outgoing Boral chief executive and managing director Vik Bansal has added another director role to his portfolio, joining Soul Patts' board from August 15.
This week's appointments include Professor Merrilee Needham, Marcus Canning, Ben Morton, Ross Carroll, Lawrie Tremaine, Jason Fletcher, and Vik Bansal.
Stokes-led Seven Group Holdings has posted a 10 per cent increase in revenue for 2024 financial year, buoyed largely by strong growth from its industrial services businesses.
Seven Group Holdings has launched a vigorous attack on advisory firm Grant Samuel, whose report was used by Boral's independent directors to oppose Seven's takeover offer.
The strong performance of Seven Group Holdings' industrial segment outweighed a substantial fall in media business earnings and asset write-downs at Beach Energy in the first half of FY24.
Shares in building materials company Boral rose on Friday morning, on the back of its upgraded 2024 financial year annual earnings guidance, coupled with a substantial profit during its first half.
WA's largest residential builder is back on the market, three years after BGC postponed the sales process. The proceeds will flow to the children of company founder Len Buckeridge.
Royal commissioner Neville Owen has sought to quash any concerns about conflicts of interest by acknowledging he is a director of a key company in Kerry Stokes' business empire.
Kerry Stokes-led Seven Group is poised to take control of listed building and construction company Boral after lifting its ownership stake above 50 per cent.
Fortescue Metals Group and Curtin University are part of a consortium to research low-carbon iron pellets, cement and alumina, which received $39 million from the federal government today.
Kerry Stokes' Seven Group has announced an off-market takeover bid to up its stake in Boral, valuing the Sydney-based industrial company at nearly $8 billion.
The liquidators of Brierty have launched Supreme Court action to recover millions of dollars from 12 companies they claim received payments while the civil and mining contractor was insolvent.
Newly appointed Boral chief executive Zlatko Todorcevski says there are no sacred cows in the company portfolio as he attempts to improve on recent disappointing results.
Boral has halved its interim payout on a 40 per cent first-half profit dive, with the troubled building materials firm weighed down by higher costs and weak housing construction activity in Australia and South Korea.
Boral boss Mike Kane has announced he is standing down after the company confirmed staff at its North American windows business had inflated earnings figures over a 20-month period.
Boral says first-quarter earnings have dipped across all three of the building materials maker's divisions, reaffirming guidance for a full-year profit drop of between five and 15 per cent.
Midland Brick is coming back into Western Australian ownership, with a consortium featuring Fini Group, Linc Property and Birchmead acquiring the brickmaker from ASX-listed building products supplier Boral for $86 million.
Power Ledger co-founder Jemma Green has been named as EY's fintech entrepreneur of the year at the national awards in Sydney last night, while Melbourne-based Jo Horgan took out the main award.
Midland Brick founder, the late Ric New, has been honoured for his influence on Western Australia's building industry, receiving the Master Builders Association's Robert Law award.
Building materials company Brickworks said today its Western Australian division has returned to profit following a major restructuring, one month after competitor Boral said it recorded a break-even result in WA.
Building products manufacturer Boral has been dented by the continued weak performance of its Western Australian operations, reporting lower underlying earnings and a $20 million asset impairment for its WA bricks business.
Weakness in Western Australia's residential construction sector is throwing up significant challenges for building product manufacturers, weighing on the profits of ASX-listed outfits Brickworks and Boral.
Building products manufacturer Boral has maintained a solid half-year profit despite cutting 100 jobs in Western Australia last year, following a plunge in sales volumes and earnings at its Boral B
