BHP

Bill Shorten risks rift with unions as election nears

Bill Shorten risks rift with unions as election nears

Ms O’Neil, an alternate director on the board of AustralianSuper, said companies engaging in poor labour practices presented a double whammy of risk: lower investment returns and an erosion of wages now, leading to fewer retirement savings.Transport Workers Union national secretary Michael Kaine, an alternate director on TWUSuper, told The Australian Financial Review on Monday…


Three reasons to ignore the reporting season hype

Three reasons to ignore the reporting season hype

It could even be argued that the dividend tsunami we saw speaks more to companies shrinking than become sustainably stronger.Special dividends and buybacks from Rio Tinto, Brambles and Wesfarmers flowed from asset sales, which of course cannot be repeated and will reduce income in the future.Outside of the “less-worse” theme, investors should focus on three…


Rio Tinto sounds climate alarm for iron ore’s future

Rio Tinto sounds climate alarm for iron ore’s future

This will affect companies such as Rio’s fellow mining giant BHP, Bluescope Steel, coalminers Whitehaven, New Hope Group and Yancoal, and cement makers Adelaide Brighton and Boral. Last week Swiss mining giant Glencore said it wouldn’t expand its Australian thermal coal production any more, under pressure from investors in the Climate+100 group. Mainstay of prosperityIron…