The latest capital raising that will reduce billionaire Kerry Stokes’ grip on the company,help Seven pay down its debt and potentially fuel more acquisitions.
It’s raining Google dollars in Australian media land. Whether it’s a drenching or a light shower depends on who you talk to,but it’s way more generous than publishers overseas have managed to negotiate.
Boral is likely to put some of its US assets up for sale next year,but chief executive Zlatko Todorcevski says they won't be sold at bargain basement prices.
Seven Group shareholder Martin Currie has endorsed the group's hefty stake in Boral,saying Seven would boost Boral's performance and deliver effective scrutiny.
Building materials giant Boral has buckled under pressure from activist shareholders,with its chairman Kathryn Fagg to retire from the board next year.
Boral's defence of its decision to appoint two executives from Kerry Stokes'Seven Group to its board has failed to placate activists shareholders.
Activist shareholders in building materials giant Boral have questioned the appointment of two executives from Kerry Stokes'Seven Group to its board.
Ryan Stokes is taking one of the two board seats Seven Group has been offered at the building materials group.
Seven Group has moved a step closer to board representation at building materials giant Boral,after the company lifted its stake in Boral to 19.98 per cent.
Seven Group Holdings boss Ryan Stokes says he is worried the escalating trade stoush between China and Australia could destabilise mining companies.
Seven West chief executive James Warburton seems to be making some headway in reducing the network’s monstrous $541.5 million debt.