Business News

Fraser Range Metals has advised of the resignation of Glenn Whiddon, and the appointment of Zane Lewis, as non-executive director.

Perth’s inferiority complex is holding it back from potential growth and development, as it is viewed to be as appealing as Australia’s largest cities, a new report has found.

BARD1 Life Sciences has appointed Max Johnston and Philip Powell as non-executive directors.

Cancer-focused medical technology company BARD1 Life Sciences has raised around $7.5 million via a share placement and rights issue, and has appointed two non-executive directors to its board.

Wangara-based Fleetcare has struck a $150 million deal with an undisclosed major Australian bank, which it says will pave the way for additional growth.

Shaw and Partners has acquired Perth-based financial advisory and planning firm DJ Carmichael, which has approximately $650 million funds under its advice.

Our daily board moves wrap includes Rodney Moonen, Geoffrey Nicholson, Cheryl Edwardes, Alok Kumar Mehta, QingTao Zeng, Noel O'Brien, Quinton Hills, Catherine Anderson, and Chris Mews.

Shares in Pilbara Minerals have fallen up to 10 per cent today after June quarter sales from its Pilgangoora project are expected to be lower than originally anticipated, due to construction delays by its offtake partners.

Prospect Resources has raised $5.2 million via a share placement and share options exercise, with the funds raised to be utilised for general working capital.

Zelda Therapeutics has announced that on of its directors Mara Gordon, has sold 35.5 million shares.

AusGroup and Southern Cross Electrical Engineering have each announced several contract wins, each worth a combined figure of around $25 million.

Our daily board moves wrap includes Sonu Cheema, Malcolm James, Craig Barnes, John Blower, Jude Turton, Jeffrey Williams, Ashok Parekh, Peter Hunt, Peter Bilbe, Jonathan Price, Peter Rozenauers, Bianca Taveira, Stephen Hewitt-Dutton, Shannon Green, and Steve Formica.

The Australian Securities and Investments Commission has cancelled the credit licence of mortgage broker Rochelle Anne Weinert, who was involved with the ill-fated Macro Group.

Fortescue Metals Group has signed a conditional farm-in and joint venture agreement with Perth-based Tasman Resources for an exploration project in South Australia.

The state government has announced new regulations to help boost lamb exports, which hit a record $306 million in 2018.

The Department of Education has awarded two contracts worth $7.2 million and $1.9 million to Perth-based IT company ASG Group for the ongoing use of its Oracle technologies.

Our daily board moves wrap includes John Palermo, Mary Hackett, Nick Cernotta, John Ciganek, Anna Sudlow, Craig Barnes, Yves Ilunga, and Joas Kabete.

Our weekly appointments wrap includes John Barrington, Timothy Marney, Fiona Harris, Lee-Ann Kirkham, Chris Blyth, Sabina Shugg, Mark Hewitt and Chris Slater.

The ACCC is examining whether a proposed takeover of Ruralco Holdings by a Canadian fertiliser giant could reduce wholesale competition and lead to discrimination against some independent retail stores.

Our daily board moves wrap includes Andrew Tsang, Sue Murphy, Paul Ching, Jackie Lee, Bernard Olivier, Cobus van Wyk, Evan Kirby, Christiaan Jordaan, and Brad Mytton.

Macmahon Holdings has flagged the possibility of a $25 million to $35 million provision against its contract at the Telfer gold project amid ongoing negotiations with the project’s owner Newcrest Mining.

Perth-based ICT company Velrada is on track to hit $40 million in annual revenue after winning a multi-year contract in Victoria with Club Assist, the world’s largest mobile automotive battery retailer.

Australian Mines has launched an underwritten share purchase plan, with the funds raised to advance its Sconi project.

The Australian Securities and Investment Commission has begun civil proceedings against Perth-based RM Capital, alleging that an authorised representative for the firm was engaged in conflicted remuneration.

Emeco Holdings expects its earnings for this financial year to rise by nearly 40 per cent compared with the prior corresponding period.

Premier Mark McGowan announced this morning that South Metropolitan TAFE will begin offering automation courses from semester two, 2019, the first of such nationally recognised qualifications available in Australia.

The Tax Practitioners Board (TFB) announced this morning that it had terminated the tax agent registration of Peter Moltoni, following an investigation into the Perth accountant’s ties to a shell company in the British Virgin Islands.

Dr Chia-Tai Chiang has resigned as non-executive director of Black Star Petroleum.

Financing inflows for ASX-listed juniors and small cap explorers recovered in the March quarter, with lithium companies among the biggest beneficiaries, according to the latest research from BDO.

Woodside Petroleum has forecast its 2019 output will be at the lower end of its guidance of 88 million to 94 million barrels of oil equivalent, as a result of maintenance issues at its Pluto liquefied natural gas plant.

Heavy rainfall over the past few days will be good news for WA’s farmers; however, most have already cut back their expected cropping area due to dry weather conditions in recent months.