Andrew Forrest

Rich List leaders watch wealth go up in smoke

Ian Verrender dinkus.

Ian Verrender Commodity and share prices are plummeting, taking big numbers off some big fortunes

Queen of the Pilbara

Gina Rinehart.

Adele Ferguson GINA Rinehart was revealed yesterday as the richest woman in the world, almost tripling her wealth by pulling off two big international deals in iron ore and coal.

Andrew Forrest tops Aussie rich list

Trevor Chappell Iron ore magnate Andrew Forrest has more than doubled his wealth to reclaim the title of the nation's richest person from gaming tycoon James Packer.

Andrew Forrest cleared of misleading investors

Andrew Forrest

Chalpat Sonti A Federal Court judge has cleared Andrew "Twiggy" Forrest over allegations he and the company he founded - Fortescue Metals Group - misled investors.

How heavy hitters took heavy hits

Andrew 'Twiggy' Forrest

Georgia Wilkins Australia's rich-listers are looking a little bit poorer after panic selling swept the sharemarket.

Short sellers target a vulnerable Fortescue

Andrew Forrest's company, FMG, is not immune to the heavy selloff in resource stocks.

Michael Evans It's not clear if Andrew Forrest has sweaty palms just yet. But after a 5 per cent slump in his Fortescue Metals share price yesterday and a 4.

BHP boss threatens to invest offshore

Jac nasser

Elizabeth Knight, Phillip Coorey AUSTRALIA'S most influential businessman, Jac Nasser, has slammed the Gillard government's record on tax and industrial relations, saying that unpredictability is undermining investment and could...

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Miners review plans as tax bites

Adele Ferguson dinkus

Adele Ferguson Swan reminded there will be big consequences if he tries too hard to get back to surplus.

Under pressure, Forrest hits the deck running

Ian Verrender dinkus

Ian Verrender IT ISN'T every day that Andrew Forrest is overtaken in the hot-air department. But the veteran spruiker was blown out of the water yesterday by fellow ''iron ore billionaire'' Clive Palmer, who...

Australian business news digest - May 3

Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy.

Forrest open to Atlas deal

Andrew Forrest is unlikely to want to sell without a premium.

Elisabeth Behrmann FORTESCUE Metals Group would consider talks with Atlas Iron over rail access in the Pilbara region, Fortescue chairman Andrew Forrest said yesterday.

Australian business news digest - May 4

Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy.

Billionaires' winter of discontent

packer

Michael Evans There has never been more of them and they've never been worth so much. They are younger, more vocal, and in more of a hurry than ever.

Forrest just likes to help when he can

Canberra:? Chairman of Fortescue Metals Group Andrew 'Twiggy' Forrest gives the National Press Club address today at the National Press Club in Canberra, Wednesday 2 May 2012. Photo by Penny Bradfield.

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Peter Ker Mining magnate says not to read too much into his recent plunge into gold stock.

No commercial break for Seven West's earnings

insider-dinkus

Ian McIlwraith Kerry Stokes's Seven West Media warned last night that its full-year earnings could be up to $45 million below expectations, thanks to weaker than expected advertising markets.

Forrest fires back at critics

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Elizabeth Knight Fortescue metals founder Andrew Forrest has hit back at suggestions by hedge fund operator Jim Chanos that his company was over-promoted and a 'value trap'.

Australian business press digest: April 30

Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy.

Seven's ratings can't save it from weak ad spend

insider-dinkus

Insider Company last night warned full-year earnings may be up to $45 million below expectations.

Hedge fund slams Fortescue

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Michael Evans Prominent hedge fund manager and short seller Jim Chanos has singled out Fortescue Metals as a 'value trap' stock, telling a New York conference that shares in billionaire Andrew Forrest's company...

Renowned short-seller bets against Fortescue

chanos

Michael Evans PROMINENT hedge fund manager and short-seller Jim Chanos has singled out Fortescue Metals as a ''value trap'' stock, telling a New York conference that shares in billionaire Andrew Forrest's company...