It’s popcorn time at BHP. Less than two years into the top job, BHP boss Mike Henry’s expected to hand down a raft of corporate news with the miner’s annual results on Tuesday, including much-talked-about plans for its petroleum unit.
We expect BHP shareholders will applaud the petroleum plans, given the company’s making by far the bulk of its revenue and earnings in iron ore and copper and has flagged plans to review the oil and gas unit.
Having spoken to a bunch of Woodside Petroleum shareholders and analysts, there seem to be three things: certainty around Scarborough, certainty for Woodside’s dividend, and a CEO.
There’s three things Woodside Petroleum wants from BHP’s $20 billion petroleum business and they all point to one thing - fixing the company’s ailing share price.
NYSE-listed manufacturer Valmont Industries is seeking a cashed up private equity or strategic buyer for its Australian-based steel products business, Webforge Locker.
Australian solar systems company 5B will pitch investors for up to $50 million in fresh funds as part of a series B funding round to launch later this month.
