Boral

Women are being appointed to ASX200 boards at a faster rate than ever, but a number of major Western Australian companies remain without any female representation on their boards.

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.

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.

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 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.

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.

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 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.

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.

BGC Australia has reached an agreement with the consortium that acquired Midland Brick last year to buy the brand and its manufacturing operations.

Boral shareholders delivered a big protest today against the addition of Seven Group Holdings nominee Ryan Stokes to its board of directors.

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.

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.

Boral has encouraged shareholders to reject Seven Group's $8 billion takeover offer, saying the bid undervalues its target.

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.

Seven Group Holdings’ hostile takeover of Boral is moving closer to success, after increasing its offer price and lifting its holding to 35 per cent.

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.

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.

“It has been a busy year and it continues to be,” is how Simon Reed describes current market conditions in Western Australia.

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.

Building materials company Boral has shed $45 million off forecasted underlying earnings on account of heavy rainfall and ballooning fuel prices.

Seven Group Holdings has amassed a $577 million underlying net profit for the financial year following strong performances from WesTrac and Coates.

Government-owned electricity network utility Western Power has expanded its board of directors by two, as it navigates the state’s energy transition.

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.

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.

Kerry Stokes’ Seven Group Holdings has made an off-market takeover offer to buy the remaining part in east coast-based Boral it doesn’t already own.

Multinational construction materials firm Boral has rejected Seven Group Holdings’ takeover bid claiming it undervalues the company.

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.

Takeover target Boral has doubled down on its recommendation to reject Seven Group Holdings' takeover offer, as the value range gets a trim.

Boral’s board has backed major shareholder Seven Group Holdings’ sweetened takeover offer after the Stokes family-contolled bidder upped the value.

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.