South Perth-based Advanced Ocular Systems will resume trading of its shares in June after shareholders today endorsed a $22.5 million reverse takeover of International Formwork & Scaffolding.
Boom Logistics says it will further reduce employee numbers across all business units and sell 40 cranes as it revises down its full year net profit forecast from $29 million to $14 million.
Publisher West Australian Newspapers Holdings (WAN) has posted a modest rise in reported net profit for the March quarter but nearly all other performance indicators showed a major slump.
Reed Resources says it is looking closely at the assets of collapsed Windimurra Vanadium as a feasibility study pegs capital costs of its nearby Barrambie vanadium project at $629 million.
Redcliffe-based Coventry Group says it expects its net profit for fiscal 2009 to be "significantly below" the previous year as the global financial crisis takes its toll on its industrial products business unit.
Rio eyes a compromise; Credit cloud set to delay expansion of airport; House prices fall at fastest rate for 25 years; US order gets Austal back on course; Fortescue says no harm done over Chinese deal
House prices in Perth have dropped more than 3 per cent in the March quarter, suggesting activity in the housing sector may not be as strong as anecdotal evidence implies, economists say.
Perth-based Focus Minerals has completed the second part of its $28 million capital raising, with shareholders out in force for the $3 million share purchase plan.
Job advertisements in Western Australia have fallen more than 7 per cent in April while national figures fell for the 12th consecutive month, a survey shows.
A joint venture between NRW Holdings and VDM Group has won a $240 million contract from CITIC Pacific for work at the port area of the Sino iron project at Cape Preston.
Moly Mines says it is looking for projects with cash-flow potential to ease its debt pressures as a six-month deadline for a $US150 million ($A206 million) loan looms.
Engine technology group Orbital Corporation has entered a $2.4 million deal with a Chinese business to jointly develop a concept engine that will improve fuel economy.
Balcatta-based Videlli, formerly ERG, plans to delist from the Australian stock market to better focus on its Tcard project litigation in New South Wales.
Macquarie Group has posted a 52 per cent fall in annual profit - its first decline in 17 years - as chief executive Nicholas Moore takes a hefty 99 per cent pay cut.
China Nonferrous Metal Mining Group Co (CNMC) is set to gain control of Lynas Corporation, which holds a rare earths project in Western Australia, after striking a $505 million deal.
Banks ordered to pay $1.6bn in compensation; Macquarie set to raise $1.2bn; Alumina to tap investors for $1bn to ease debt risk; Turnbull sees red on Rudd China policy; Swan reveals $50bn budget revenue hit
Fortescue takes axe to $400m in costs; ANZ slumps on rising bad debt; Low rates boost WA housing market; Turnbull sets new ETS plan; Lower costs help nickel miners lift earnings
AGGRESSIVE and often controversial managed investment scheme (MIS) operator and latterly, corporate agriculture company, Timbercorp, has succumbed to the weight of its ever-increasing mountain of debt.
LAST year's boost to the first home owners grant and cuts to interest rates have given rise to a two-tiered property market, with the first home buyer and sub-$500,000 market firing while the middle to upper end of the market languishes.
THE small business sector is missing out on the benefits of lower interest rates, with higher risk margins on business loans outweighing the fall in rates, new research has found.
MADDINGTON-BASED Coote Industrial and associated company Greentrains have negotiated related fund raising deals worth $8 million with Victorian Caterpillar dealer Dale Elphinstone.
IF there's any upside to the current housing slump it would have to be the easing of several boom time pressures, such as labour shortages, input costs and time blowouts.
Metal recycling group CMA Corporation says it will have improved access to world investment markets as its shares start trading in the United States as American Depository Receipts.
