JAMES HARDIE INDUSTRIES CDI
Australian Construction and Materials Sector at a Pivotal Moment: Public Spending Up, Private Activity Slowing
The Australian construction and materials sector is at an interesting crossroads. On one side, public investment is booming; on the other, private building activity is stumbling. Understanding this split is key to making sense of why some companies are thriving while others are struggling. Overall, the Australian construction market is projected to grow at a […]
James Hardie soars on first quarter results, warns of housing market headwinds
James Hardie Industries’ (ASX: JHX) share price jumped 15% in early morning trade despite the company raising concerns on potential impacts related to the housing market. In releasing its first quarter fiscal year 2024 results, the company noted in its outlook and earnings guidance that the outlook for the housing markets it participates in globally […]
James Hardie cuts hundreds of jobs, ACCC blocks TPG and Telstra deal and Liontown enters agreement with Zenith Energy
Global building materials company James Hardie Industries (ASX: JHX) has revealed it is slashing hundreds of jobs across the globe and making workers redundant before Christmas as the giant deals with falling demand and soaring costs. The company confirmed it will cut around 100 jobs within the Asia Pacific region, mostly Australia, as it hands […]
Rio Tinto’s US$3.3b bid wins over Turquoise Hill board, AMP loses control of key trust and James Hardie gains new CEO
Mining giant Rio Tinto (ASX: RIO) has successfully won over the board of Canada’s Turquoise Hill Resources with its takeover offer of US$3.3 billion (A$4.84 billion) to acquiring the company’s remaining 49% stake. The revised US$3.3 billion offer trumps the US$2.7 billion previously on the table, which the Canadian miner turned away. Acquiring full ownership […]