Downer EDI chairman Mark Menhinnitt with CEO Peter Tompkins Louise Kennerley. Mr Fenn retired as CEO in February but is being paid out 12 months' salary.. He earned a $1.38 million salary in ...
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In fact, over the next 15 years, Downer revolutionized how it conducted business. Back in 2008, the company held a strong presence in the mining industry, with roughly 50% of its revenue coming from coal mining in particular. But now, Downer focuses on lower-capital, low-carbon-oriented service lines in transport, facilities and utilities.
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Enabling communities to thrive. We are the leading provider of integrated services in Australia and New Zealand. We are committed to building strong relationships with our customers and our people. Learn more.
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Non-executive director Peter Watson, who chairs Downer's tender risk evaluation committee, announced his resignation on Monday. Downer EDI, which made Sydney's Waratah trains, has lost its ...
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No doubt shareholders, who have watched Downer's market capitalisation plunge to $2.2 billion on Friday from $3.8 billion in mid-August, will hope the company's leadership changes are quickly ...
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A $600 million AusNet Services contract signed by Downer EDI in 2019 has been named in legal filings as being the heart of the "accounting irregularity" that wiped more than half a billion ...
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Australia-based Downer EDI has agreed to sell its coal mining contractor business to an affiliate of Indonesia-based PT Bukit Makmur Mandiri Utama (BUMA), thus completing its withdrawal from …
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of Education, Downer is delivering rooftop solar . panel modules (solar PV) to 360 State-run . primary, secondary and special education facilities as part of the Advancing Clean Energy Schools (ACES) program. Downer has delivered 30 megawatts (MW) of solar PV as part of the project. Solar farms Downer operates and maintains the 116MW Ross
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As a consequence of accounting discrepancies, Downer had revised down its FY23 underlying net profit after tax attributable forecast to between A$210 million ($140.60 million) and A$230 million ...
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Downer EDI Limited is an Australia-based company that provides integrated services in Australia and New Zealand. The Company operates through four segments: Transport, Utilities, Facilities and All other segments. Its Transport segment consists of its road services, transport infrastructure and rail businesses. ...
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Allan Gray managing director Simon Mawhinney, who oversees a 6 per cent investment stake in the contractor, has written to Downer chairman Mark Chellew asking for a meeting after the …
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The latest Downer EDI Limited [DOW] news, articles, data and analysis from The Australian Financial Review. ... stevedore, mining and airline industries for 'suppressing wages'. May 30, 2023;
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Australia-based Downer EDI has agreed to sell its coal mining contractor business to an affiliate of Indonesia-based PT Bukit Makmur Mandiri Utama (BUMA), thus completing its withdrawal from mining. BUMA will pay around $110m (A$150m) in cash as deal consideration, subject to completion adjustments. According to the agreement, …
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May 8, 2023 – 5.52pm. An engineer who has testified to paying cash bribes to secure work on rail projects managed by contractor Downer EDI has told a NSW corruption inquiry that he wanted inside ...
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A NSW Court has for the first time construed the Mining Exception in the Building and Construction Industry Security of Payment Act 1999 (SOP Act) in the decision of Cadia Holdings Pty Ltd v Downer EDI Mining Pty Ltd [2020] NSWSC 1588 released on 11 November 2020 (Cadia).. It has been over 20 years since the original enactment of …
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Downer definition: . See examples of DOWNER used in a sentence.
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The divestitures come amid a period of turmoil for the $2.5 billion market capitalisation of Downer, whose shares have fallen 22.5 per cent over the past 12 months.
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Downer's shares closed on Monday at $3.83, down almost 30 per cent in the past 12 months. Jenny Wiggins writes on business, specialising in infrastructure and transport. Connect with Jenny on ...
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On Macquarie's numbers, Downer's new guidance for net profit between $210 million and $230 million is about 12 per cent lower than its earrings forecast at the midpoint.
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Former Downer EDI engineer Sairam Pilli has testified before a NSW corruption inquiry that he accepted more than $100,000 from a private company, RJS Infrastructure, after helping it inflate the ...
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Downer shares rose 2¢, or 0.6 per cent, to close on Wednesday at $3.18. Jenny Wiggins writes on business, specialising in infrastructure and transport. Connect with Jenny on Twitter .
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Mar 8, 2023 – 4.03pm. Top Downer EDI investors who have met with the contractor's new chief executive and acting chairman are hopeful that it is close to "maximum negativity", but warn it ...
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Roderick A Downer Obituary. With heavy hearts, we announce the death of Roderick A Downer of Cleveland, Ohio, born in Glencoe, Minnesota, who passed away on October 16, 2023 at the age of 75. Family and friends are welcome to send flowers or leave their condolences on this memorial page and share them with the family.
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Downer's shares slid 6 per cent to trade at $4.10 per share on Thursday afternoon after the company delivered a $10 million loss in its utilities division, compared with a $60 million profit a ...
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Downer EDI Limited is a locally-owned public company that derives its revenue from the provision of integrated services in Australia and New Zealand. The company employs approximately 33,000 people, operates predominantly in Australia, New Zealand and the Pacific, and is headquartered in North Ryde, New South Wales.
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April 3 (Reuters) - Australian contractor Downer EDI (DOW.AX) said on Monday it faces a shareholder class action for allegedly making some misrepresentations and withholding certain information ...
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Peter Tompkins. Managing Director & Chief Executive Officer. Managing Director and Chief Executive Officer since February 2023. Mr Tompkins was formerly Chief Operating Officer of Downer and prior to that was CEO and Managing Director of Spotless Group Holdings Limited. Mr Tompkins joined Downer in 2008 and was appointed General Counsel in 2010.
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Company Description: Key Principal: PETER JAMES LYONS See more contacts. Industry: Support Activities for Mining, Architectural, Engineering, and Related Services, Other …
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Australia-based integrated services company Downer EDI has agreed to sell its Open Cut Mining East business to an affiliate of PT Bukit Makmur Mandiri Utama …
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ASX-listed Downer EDI Ltd has hived off another part of its sizeable mining services business. RTL Mining and Earthworks is a heavy equipment hire company in south-east Victoria.
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2 October 2020 DISTRIBUTION SCHEDULE AND TOP 20 HOLDERS Downer EDI Limited ("Downer") refers to its unconditional takeover offer ("Offer") for Spotless Group Holdings Limited ("Spotless") which closed at 7:00pm (Sydney time) on 21 September 2020.Pursuant to ASX Listing Rule 3.4, Downer EDI Limited ("Downer") provides the following …
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