Leighton Holdings has many hurdles to clear before its once formidable reputation is restored. But chief executive Hamish Tyrwhitt has taken a crucial first step in that quest by flagging the company’s troublesome Al Habtoor joint venture for an eventual exit or selldown. Similarly, Qantas Airways boss Alan Joyce has lined the airline up for a structure more befitting of the challenges it faces. Elsewhere, traders are reportedly betting against a Crown bid for Echo, at least in the near term, BHP Billiton has left the door open for a TEMCO exit and the Financial Services Council has weighed in on the ASX capital raising reforms debate.
Leighton Holdings, Al Habtoor Leighton