A one-off expense associated with the takeover of Western Australia-based Home Building Society has slightly dented Bank of Queensland's net profit, which slipped 2 per cent for the 2008 fiscal year.
South-Perth based Cooper Energy Ltd chairman Laurie Shervington today said KPMG's valuation of its hostile takeover target Incremental Petroleum Ltd was out with the fairies.
The global financial turmoil appears to have hit the once impervious iron ore market after Mount Gibson Iron Ltd said some of its customers wanted shipments delayed, but other producers remain positive about the outlook.
NEWLY established venture capital firm Banksia Capital has struck its first deal, raising $7 million for Malaga-based water filtration company Cool Clear Water Beverages Pty Ltd to assist the company's expansion.
DESPITE no firm launch date having been set for its delayed mutualisation, $9 billion fund manager GESB has unveiled a highly experienced seven-member board.
THE roll call of Western Australian businesses directly affected by the global credit crunch grew suddenly during the past week, with several listed companies changing their plans in response to the meltdown on Wall Street.
THE Australian stock market rebounded to close almost 2 per cent higher after the Reserve Bank of Australia slashed the cash rate by 100 basis points to 6 per cent.
A TIGHTENING credit market provided the perfect opportunity for UK-based debtor finance specialist Bibby Financial Services to enter the Western Australian market, opening a Perth office this week.
THE sub-prime mortgage crisis could adversely affect some of the state's more conservative not-for-profit organisations, with a number having invested in complex financial securities called collateralised debt obligations.
MANY technology and innovation conferences in Western Australia have a sub theme that can be summed up as 'life after the resources boom', but the chair of next week's Leading Lights conference has a different focus.
THE details of the federal government's carbon trading system may not be finalsied, but one Western Australian carbon offset trader is hoping its early adopter status will be an advantage in the new legislative environment.
DURING the past three years, the influx of cranes into the Perth CBD has provided a strong visual reminder of the strength of Western Australia's economy and the buoyancy in the property sector.
THE market capitalisation of Western Australian listed companies crashed to a 20-month low during September, falling 21 per cent to $127 billion, according to the Deloitte WA Index.
THE medical supplier behind a locally developed physiotherapy device is raising capital to float the business and enhance its presence in world's competitive medical arena.
Emeco Holdings Ltd managing director Laurence Freedman has increased his interest in the company through the on market acquisition of 1 million shares at a total cost of $790,000.
WHEN issuers of high-yield securities backed by sub-prime mortgages went on the sales offensive to investors in Western Australia in mid-2007, they pursued the three Cs - councils, churches and charities.
A MID-DECADE housing industry boom in Australia, fuelled by an ultimately destabilising rate of population growth, diverts scarce resources, including funds, away from much more productive sectors of the economy.
THE global financial crisis has been an unmitigated disaster for investors and looks like getting worse, but the impact on the business sector in Western Australia is far from clear-cut.
THE list of carbon-offset firms in Western Australia continues to grow, as a new player with a combined horticultural/carbon sink project looks to enter the market.
The state's economic boom could turn into substantially higher electricity prices next year as Western Power submits its proposals to the Economic Regulation Authority to increase tariffs.
Incremental Petroleum Ltd has recommended its shareholders reject Cooper Energy Ltd's $86 million takeover offer, saying the offer undervalues the company by some 70 per cent.
Strong investor support for Perth-based Golden Gate Petroleum has boosted the company's capital raising efforts, with stakeholders raising a further $400,000 over the $4.7 million target.
The Australian stock market has clocked up its second-worst trading day for the year, closing down 5 per cent to its lowest point in three-years as panic selling engulfs markets around the world due to growing fears about the global financial crisis.
Former managing director of Home Building Society, Craig Coleman, has joined the board of Perth-based Amcom Telecommunications as a non-executive director.
Australia's biggest bank is set to grow, with Commonwealth Bank of Australia to take over BankWest and St Andrew's Australia from their troubled UK-based parent, HBOS plc, for $2.1 billion.
'Thousands' of jobs in doubt as CBA prepares to snatch BankWest; Merger to create $10bn bonus: BHP; Iron ore producers steel themselves for a slide; $500m windfall in $A plunge; Mitsui walks from Crux project
The Reserve Bank of Australia may cut interest rates again by Christmas, after deciding to lower the cash rate by a surprising 100 basis points for the first time in 16 years, economists said.
The Reserve Bank of Australia has responded to the global financial crisis by cutting official interest rates by 1 percentage point to 6 per cent, larger than the widely expected half a percentage point cut.
Engineering company Neptune Marine Services Ltd has finalised a $35 million acquisition of its second offshore construction vessel, with $7 million worth of contracts already locked in.
ABM Resources NL plans to raise an extra $3.2 million dollars through a share purchase plan, after successfully raising $1 million through a placement to clients of Blackwood Capital Ltd.
