Shareholders seek ASIC probe into Todd-controlled Flinders Mines

Shareholders seek ASIC probe into Todd-controlled Flinders Mines
Todd Corp has been pursuing a giant iron ore project in the Pilbara, like that pictured, since 2014. (Image: Getty)
Pattrick Smellie
Minority shareholders of Western Australian iron ore developer Flinders Mines have renewed their battle with Todd Corp, lodging a formal request for an investigation by the Australian Securities and Investment Commission into dealings at the ASX-listed company.Flinders minorities have been at war on and off with the board of Flinders Mines (FMS), which is controlled with a 59% shareholding by Todd Corp, the holding company for the estimated $4 billion of assets held by New Zealand’s wealthiest family.As a group, they represent no more tha...

More Markets

SkyCity appoints Jason Walbridge new CEO
Markets

SkyCity appoints Jason Walbridge new CEO

Jason Walbridge has been appointed chief executive of SkyCity Entertainment Group."[Walbridge] has extensive global experience in the land-based and online gaming industries, which will position him well to lead SkyCity through its next phases,” chair Julian Cook said.Walbridge i...

NZ sharemarket falls 1%
Markets Market close

NZ sharemarket falls 1%

The S&P/NZX 50 Index closed at 11,804.84, down 111.94 points or 0.94%.

Graham Skellern 16 Apr 2024
Fletcher subsidiary Easysteel looks to cut jobs
Markets

Fletcher subsidiary Easysteel looks to cut jobs

Workers left 'stunned' by company's restructuring proposal, First Union says.

Gregor Thompson 16 Apr 2024
Scott Tech revenue up but profit down
Markets

Scott Tech revenue up but profit down

Scott Technology’s profit fell 42% on one-off costs in the half year to Feb 29 2024, but revenue is up 11% to $141 million on the back of a company refocus.Scott specialises in automated and robotic manufacturing processes. It attributed its revenue growth to its Scott 2027 strat...

Staff reporters 16 Apr 2024