- Reuters
UPDATE 2-Australia's Origin Energy picks insider Lucas as CFO amid shift to renewables
Origin Energy picked insider Tony Lucas as its new finance chief on Thursday as the Australian electricity retailer focuses on its transition towards greener forms of energy. Currently the executive general manager of Origin's future energy and technology division, Lucas will take charge from July 1 after Lawrie Tremaine leaves the chief financial officer (CFO) role on June 30. "The announcement underlines the company's commitment to internal growth and progression, but it also points to potential strategic shifts, especially its future energy trajectory – an area where Lucas has significant expertise," said Josh Gilbert, a market analyst at eToro.
- Reuters
UPDATE 2-Australia's Origin Energy half-year profit tops forecasts on higher power prices
Australia's Origin Energy on Thursday posted a 17-fold jump in underlying profit, raised its full year outlook and announced a bigger-than-expected dividend in its first result since its top shareholder blocked a $10.6 billion takeover. The buoyant results go some way to validating the opposition of AustralianSuper to last year's A$9.39 per share bid led by Brookfield, which Australia's largest pension fund argued was too cheap. "I am confident in Origin's prospects and believe we are uniquely positioned to capture value from the energy transition."
- Reuters
REFILE-UPDATE 3-Australia's Origin Energy half-year profit tops forecasts on higher power prices
Australia's Origin Energy on Thursday posted a 17-fold jump in underlying profit, raised its full year outlook and announced a bigger-than-expected dividend in its first result since its top shareholder blocked a $10.6 billion takeover. The buoyant results go some way to validating the opposition of AustralianSuper to last year's A$9.39 per share bid led by Brookfield, which Australia's largest pension fund argued was too cheap. "I am confident in Origin's prospects and believe we are uniquely positioned to capture value from the energy transition."
