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11 stories mentioning ASX:DOW

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Asia

Downer EDI Wins Contracts to Provide Road Maintenance, Incident Response Services on Transurban's New South Wales Assets

Downer EDI (ASX:DOW) won contracts of up to nine years to provide road maintenance and incident response services on Transurban's (ASX:TCL) northern assets in New South Wales, according to a Thursday filing with the Australian bourse.Transurban's northern assets include the NorthConnex tunnel, M2 Motorway, and Lane Cove Tunnel, the filing said.Service delivery under the New South Wales Incident Response and Maintenance Services (North Region) contracts will start in July for an initial seven-year term, with the option for two one-year extensions.The company expects total revenue of AU$310 million over the full nine-year term, per the filing.Downer shares fell 1% in morning trade on Thursday.

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Asia

Downer EDI Buys Back Nearly 111,000 Ordinary Shares

Downer EDI (ASX:DOW, NZE:DOW) repurchased 110,870 ordinary shares on May 29 for AU$900,120 in total as part of an on-market buyback, according to a Monday filing with the Australian bourse.The company plans to repurchase up to 33.6 million of its ordinary shares, the filing said.

ASX:DOWNZE:DOW
Asia

Downer EDI Buys Back Nearly 97,000 Ordinary Shares

Downer EDI (ASX:DOW, NZE:DOW) repurchased 96,547 ordinary shares on Thursday for AU$769,827 in total as part of an on-market buyback, according to a Friday filing with the Australian and New Zealand bourses.The company plans to repurchase up to 33.6 million of its ordinary shares, the filing said.

ASX:DOWNZE:DOW
Asia

New Zealand Shares Rise; Downer EDI Buys Back Nearly 168,000 Ordinary Shares

New Zealand shares ended higher on Friday as Asian markets saw gains amid hopes for an end to the US-Iran conflict.The S&P/NZX 50 Index rose 0.88% or 113.24 points to close at 12,991.31.While the US and Iran stuck to their opposing stances over Iran's uranium stockpile and the control of the Strait of Hormuz, US Secretary of ​State Marco Rubio said there had been "some good signs" in negotiations with Iran, according to a Thursday Reuters report.In domestic news, the total volume of seasonally adjusted retail sales in New Zealand reached NZ$26.04 billion in the March quarter, up 0.9% from NZ$25.81 billion in the December 2025 quarter, according to data from Stats NZ.Also, New Zealand's retail sales data for the March quarter is indicative of "decent growth" in gross domestic product for the period, but likely not as strong as the central bank's 1.1% estimate issued in February, the Bank of New Zealand (BNZ) said in a report.Further, New Zealand's total vehicle registrations were 4.6 million in April, a decrease of 28,966 from the previous month, covering both six and 12-month licensing periods, data from Stats NZ showed.In corporate news, Scott Technology (NZE:SCT) said that Chief Financial Officer Mark O'Malley is set to resign effective July 3.Downer EDI (ASX:DOW, NZE:DOW) repurchased 167,787 ordinary shares on Thursday for AU$1.3 million in total as part of an on-market buyback.

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Asia

Downer EDI Buys Back Nearly 168,000 Ordinary Shares

Downer EDI (ASX:DOW, NZE:DOW) repurchased 167,787 ordinary shares on Thursday for AU$1.3 million in total as part of an on-market buyback, according to a Friday filing with the Australian and New Zealand bourses.The company plans to repurchase up to 33.6 million of its ordinary shares, the filing said.

ASX:DOWNZE:DOW
Asia

Downer EDI Buys Back Over 166,000 Ordinary Shares

Downer EDI (ASX:DOW, NZE:DOW) repurchased 166,256 ordinary shares on Wednesday for AU$1.3 million in total as part of an on-market buyback, according to a Thursday filing with the Australian and New Zealand bourses.The company plans to repurchase up to 33.6 million of its ordinary shares, the filing said.

ASX:DOWNZE:DOW
Asia

Downer EDI Says Perpetual Ceases to be a Substantial Shareholder

Downer EDI (ASX:DOW, NZE:DOW) received notice that Perpetual (ASX:PPT) and its affiliated entities are no longer substantial holders of the company from April 24, according to a Wednesday filing with the New Zealand bourse.Perpetual and its affiliated entities became a substantial holder of the company on Feb. 7, 2025, with a 5.537% total voting power, an earlier filing showed.

ASX:DOWASX:PPTNZE:DOW
Asia

New Zealand Shares Flat; Downer EDI's AU$400 Million Senior Unsecured Notes Receive 'BBB' Rating From Fitch

New Zealand shares closed flat on Friday as Asian shares were mixed after investors digested Thursday's Wall Street session and the extension of the Israel-Lebanon ceasefire.The S&P/NZX 50 Index was little changed to close at 12,874.94.On Thursday, the S&P 500 fell 0.4%, the Nasdaq lost 0.9%, and the Dow Jones fell 0.4%.Israel and Lebanon agreed to extend their ceasefire by three weeks following White House talks facilitated by US President Donald Trump, who said he was willing to wait for "the best deal" to resolve the conflict with Iran, according to a Thursday Reuters report.In domestic news, job ads in New Zealand rose 0.8% month on month in March and were up 13% year on year, according to a Seek report.In corporate news, Downer EDI (ASX:DOW, NZE:DOW) received a "BBB" rating on its AU$400 million in 6.488% senior unsecured notes due April 2033.Henderson Far East Income's (NZE:HFL) unaudited net asset value, including current financial year revenue items, was 2.543 pounds sterling per share as of Wednesday.

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Asia

Downer EDI's AU$400 Million Senior Unsecured Notes Receive 'BBB' Rating From Fitch

Downer EDI (ASX:DOW, NZE:DOW) received a "BBB" rating on its AU$400 million in 6.488% senior unsecured notes due April 2033, according to a Friday note from the credit ratings agency.Fitch said the key rating drivers include Downer's limited exposure to Middle-East conflict-driven cost pressure, restored free cash flow generation, and its expectation that the company's margin recovery will continue, among other drivers.The key rating-case assumptions include Fitch-defined revenue falling by around 5% in fiscal 2026 following the sale of non-core businesses, before rising by an average of 3% a year from fiscal 2027 to fiscal 2029.Downer EDI's Australian shares fell 1% in recent Friday trade.

ASX:DOWNZE:DOW
Asia

Downer EDI Unit Prices AU$400 Million Issue of Seven-Year Notes

Downer EDI's (ASX:DOW, NZE:DOW) financing arm, Downer Group Finance, priced an issue of AU$400 million in seven-year medium-term notes (MTN) at a fixed rate of 6.488%, according to a Thursday filing with the Australian and New Zealand bourses.The issuance, part of the company's AU$1.25 billion debt issuance program, extends the company's debt maturity profile to about four years as of June 30, diversifies its funding sources, and replaces AU$500 million of maturing MTNs, per the filing.The MTNs are scheduled to be issued on April 28, the filing added.

ASX:DOWNZE:DOW
Asia

Downer EDI Says Macquarie Group Becomes Substantial Holder

Downer EDI (ASX:DOW, NZE:DOW) received notice that Macquarie Group (ASX:MQG) and its affiliates became a substantial holder of the company on Monday, according to a Friday filing with the New Zealand bourse.Macquarie Group now owns 33.3 million shares in the company, representing 5.04% of the issued shares, the filing said.

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