The Bunning family and Azure Capital's John Poynton are part of a new bid for Great Southern's timber assets, pitting themselves against Perth businessman Gordon Martin.
THE local office at newly formed Morgan Stanley Smith Barney has been given a mandate to ramp-up its private client adviser numbers, as Perth's broking sector settles into its new look.
THE sister of Perth investor Farooq Khan has emerged as a substantial shareholder in investment firm Bentley Capital, as agitators that sought his removal from the board disperse.
THE lure of generous tax deductions has taken more casualties in Western Australia, with investors fleeced of almost $100,000 in a scam disguised as a film industry investment.
A SPATE of transactions in the mortgage market has left Perth-based Australian Finance Group one of the few independent aggregators standing in what is now a big bank-dominated sector.
PROMINENT local advisory firm Oakvale Capital has dismissed suggestions it is at fault for the multi-million losses suffered by a former client, as the Perth firm is taken to court over a claim for close to $10 million.
AT least 2,700 Australians who borrowed money to invest in Great Southern and Timbercorp schemes are refusing to make loan repayments, with their stance soon to be tested in the courts.
Perth-based property fund manager Aspen Group has secured an investor to underwrite at least $5 million needed to meet loan requirements for its troubled Diversified Property Fund.
The managing director of shipbuilder Austal has described the recovery of its order book as "slow but sure", as the Henderson-based company reports a significant fall in full-year profits.
The state's only listed financial planning firm, Plan B Group Holdings, suffered a tough year as falling equity markets eroded profits right across the financial services sector.
A MOVE by Perth businessman Gordon Martin to bankroll a $20 million "rescue package" for Great Southern investors is widely expected to be the first of several competing proposals to be lodged in the coming weeks.
THE defunct Riverside Pier Hotel project at Barrack Square is to be sold within three months, as the corporate regulator circles the company that tipped investors into the failed development.
OLDER office buildings in the Perth CBD are likely to require a major overhaul, as rising vacancies and new office blocks threaten their ability to maintain and attract tenants.
PERTH students seeking commerce skills to engage with Chinese business have a new avenue open to them with the launch of a program at Murdoch Business School.
Perth-based property fund manager Aspen Group has raised $10 million from investors in its embattled Diversified Property Fund, leaving the company to raise a further $5 million to meet its minimum loan obligations.
Positioning for long-term control of the Farooq Khan-chaired investment company Bentley Capital is under way, with shareholders notified today the board would seek a limited share buy-back.
Coogee Chemicals chairman Gordon Martin has challenged receivers of Great Southern by devising a plan to personally contribute the vast bulk of working capital, of up to $20 million, needed to enable six collapsed timber schemes to be brought to harvest.
The financial planning industry is facing a structural overhaul as parliamentary committees, industry groups and the public debate proposed reforms. Jonathan Barrett asked three Perth financial planners for their opinion on how to improve the industry.
THE state's biggest industry superannuation fund, Westscheme, has shed its impressive gains generated in the years leading up to the financial crisis after its large portfolio of unlisted assets was savaged by the downturn.
Perth-based property fund manager Aspen Group will seek capital from external investors after failing to attract sufficient support from unit holders of one of its ailing property funds.
Perth-based entrepreneur Farooq Khan has maintained his hold on Sydney-based Bentley Capital following a requisitioned meeting that sought his removal.
