Directors in Incremental Petroleum have unanimously recommended TransAtlantic Petroleum's takeover offer after securing a further increase in the cash bid.
Western Australia's January jobless rate has risen to a seven-month high but the state still holds the lowest unemployment rate in the country, new figures show.
Engineering and fabrication company Ausgroup says the short-term outlook for the business will be challenging as it reports an 11 per cent dip in its interim net profit.
Rio, Chinalco ink $US20bn deal; Arrow fires new Pure Energy bid to oust rival; CBA flags first cut in 17 years; China's trade slump fuels global fears; WA chases miners for $300m
CORPORATE activity in the energy sector picked up a notch this week when acquisitive BG Group launched a $796 million cash offer for South Perth-based Pure Energy Resources.
A NEW obstacle to the privatisation of the state government's superannuation fund, GESB, has emerged with the tax status of the $5.47 billion accumulation fund, West State Super, in doubt.
The takeover battle for Pure Energy Resources has escalated with first suitor Arrow Energy trumping BG Group's $796 million offer with an $890 million cash and scrip bid.
The state opposition has urged the government to make haste with the awarding of over $9 million of grants to developers of innovative energy technologies.
Property developer Finbar Group has suffered a 51 per cent drop in its interim net profit result but has maintained its full-year forecast, expected to be in excess of last year's record $12.2 million result.
BC Iron has secured its first offtake agreement for its Nullagine project in the Pilbara, with the contract starting from 2010 over a minimum five-year period.
Belmont-based Diploma Group has secured $32 million in new contracts, with work to cover a Riverton shopping centre and a mixed use development in Northbridge.
Shares in Emeco Holdings soared after the earthmoving equipment provider foreshadowed a record interim result and full year earnings in line with expectations.
Bond dispute blocks Lynas on $390m Mt Weld project; AWB shares dive after profit halved; BHP in chase for Rio assets; Write-downs push Challenger to 10-year low; Barnett in stand-off with BHP
Success in attracting students has prompted a Canadian university to call off a deal with Navitas for the establishment of McMaster University College.
The number of corporate insolvencies climbed 27 per cent in calendar 2008 with the growth rate gathering pace in the last quarter, according to new research.
The global economic slowdown has forced engineering company Sedgman to write-off $20 million of goodwill value from its Perth-based subsidiary Intermet Engineering, which it bought less than two years ago for $32 million.
Subiaco-based Global Nickel Investments will branch out into the medical sector following a proposed deal to acquire Minomic International for around $6.4 million in cash and scrip.
Golden Gate Petroleum plans to raise up to $6.32 million through a share purchase plan, with funds to go towards ongoing development work at its Bullseye oil project in the United States.
The privatisation of the state government's 300,000-member superannuation fund GESB remains stalled, with an expanding number of problems - including tax treatments - preventing the state from giving the move the green light.
Perth-headquartered Pure Energy Resources shares have surged as much as 29 per cent after BG Group launched a $796 million takeover bid for the coal seam gas explorer.
Economists at odds over Rudd's $42bn stimulus; BHP 'must not' dismantle mine; Downturn pulls plug on IT boom; Copper leads rise in metals prices; Blue chips help MAC buck trend
Directors in oil and gas explorer Comet Ridge have unanimously recommended a friendly merger with unlisted public company Chartwell Energy, which has coal seam gas assets in New Zealand.
Industrial software provider ISS Group has signed a $2 million contract with an Egyptian company over its BabelFish Suite of products and associated services.
Agribusinesses in Western Australia are enjoying the flow on effects of better seasonal conditions with the best business performance results nationally, according to latest figures from the the Westpac and Charles Sturt University Agribusiness Index.
