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Downer secures more than $220M in NBN fibre build contracts

Downer secures more than $220M in NBN fibre build contracts Downer secures more than $220M in NBN fibre build contracts Downer will design and provide construction services across NSW and Western Australia. Credit: Dreamstime Downer EDI has secured two further contracts with NBN Co the N2P Evolution and National Broadband Network (NBN) fixed wireless services contracts. The N2P evolution contract, valued at $160 million, commences this month with the initial term lasting to December 2023, and comes with an extension option for a further two years. Specifically, Downer will design and provide construction services across NSW and Western Australia to support NBN Co’s fibre plans. It is estimated this involves about 8 million premises on the fixed line network by 2023.  

A dividend bonanza could be inbound for ASX shares, here's why

Maca (ASX:MLD) share price sinks 6% on Karara Project update

Maca (ASX:MLD) share price sinks 6% on Karara Project update Maca shares are nearing their 52-week low following the latest contract news… Aaron Teboneras has been a Motley Fool contributor since early August 2020. After graduating from RMIT University with a Business degree, Aaron spent most of his years either travelling or working in various industries. Aaron’s most notable appointments include National Australia Bank, and Computershare where he discovered his passion for the Australian sharemarket. Outside of researching and writing for Motley Fool, Aaron enjoys trekking on adventures across the world and learning new life skills. Latest posts by Aaron Teboneras (see all)

Downer EDI announces appointment of chairman-elect

The Overnight Report: It's Time We Talked

Material Losses After Tuesday’s strong blue chip-led rally for the ASX200, the futures showed down -12 yesterday morning which was unsurprising, but it was not to be. From the open, the index made another assault on the 7400 level. At midday the index was up 25 points and just a tad over 7400 but then in came the sellers, with some no doubt deciding the impending Fed meeting was sufficient reason to take profits. In the wash-up, the final score was materials versus the rest. Big falls in copper, nickel and gold had materials down -1.6%, which translated into a -6.7% drop for copper miner OZ Minerals ((OZL)) and -1.7% for copper miner BHP Group ((BHP)), along with -4.8% for Nickel Mines (NIC)) and -1.3% for Newcrest Mining ((NCM)), to name a few.