British bank Lloyds TSB announced today it was taking over rival bank HBOS - the parent of Perth-based BankWest - in a 12.2 billion pound ($A28 billion) deal.
Oil Basins Ltd has applied to the Supreme Court of Western Australia for an urgent hearing into an alleged breach of obligations by a Perth-based Australian Worldwide Energy Ltd subsidiary over licences in the Canning Basin.
Following a change of plans, Mid West-focused explorer Base Iron Ltd has closed its $4 million initial public offer early with plans to list on the Australian stock market in early October.
Moly Mines Ltd said it is in ongoing talks with investors over financing arrangements for its $1.1 billion Spinifex Ridge molybdenum project, as it finalises a $190 million interim financing facility.
Fears of global crash see US take over big insurer; TLG knocked back tied gas supply; Moly Mines dips again on nervousness about project funding; Tidy windfall off back of credit slump; Employers win new IR powers
TEN-YEAR government bonds effectively set a risk-free rate of return for investors, since these government-backed securities guarantee an investor's initial capital investment.
A STRING of councils in Western Australia are expecting millions to be wiped off the value of high-risk securities following the collapse of US investment bank Lehman Brothers early this week.
Minara Resources Ltd non-executive directors Ivan Glasenberg and Willy Strothotte have increased their interest in the company, held by Glencore International AG, through the on-market acquisition of
PHIL Sexton, the co-founder of Matilda Bay Brewing Co, Dome Coffees, and Little Creatures, believes there are three key elements to staff training in hospitality.
Hedge funds might attract the headlines for all the wrong reasons but Jon Horton has staked his latest business enterprise on the fact that their returns in these troubled times will attract Australian investors.
Another gold miner in administration THE Australian gold division of Toronto-listed company GBS Gold International Inc has been placed into voluntary administration after it defaulted under its curren
FORMER National Lifestyle Villages chief executive John Pirie has been recruited by property group Rapley Wilkinson to the position of general manager, business development/strategy.
Reward Minerals Ltd has proposed to spinout its Jervois base metals and Gabanintha gold-copper projects into wholly-owned subsidiary Jinka Minerals in a bid to become the first Australian potash producer.
First Start - the state government's shared equity scheme for first homebuyers - has been suspended indefinitely in a move that housing groups believe could threaten the already struggling sector, if the incoming Liberal government does not top up funding
Less than a week after shareholders voted against a resolution to oust a director, Style Ltd's major stakeholder Merim Pty Ltd has again called for another meeting, this time to remove founder Greg Johnson.
The Federal Court has ordered Victoria-based Oil Basin Ltd to pay costs related to its proceedings launched against Perth-based companies ARC Energy Ltd and Buru Energy Ltd.
Perth-based Incremental Petroleum Ltd said it does not see any synergies in merging with Cooper Energy Ltd as it again reiterated calls to shareholders to take no action on the bid.
Credit ratings for BankWest parent HBOS have been downgraded in the wake of this week's US financial turmoil as analysts and investors grow increasingly nervous about the health of global financial institutions.
Barclays PLC confirmed Tuesday that it is interested in acquiring some assets of Lehman Brothers, the investment bank that collapsed after Barclays dropped out of merger talks.
Worried investors fear worse to come; Global share rout as insurer teeters; Stokes signs up to 'no conflict' gag; Babcock denies exposure to collapse; Woodside warns on forcing Shelf split
Nedlands-based software provider ISS Group Ltd has entered into an underwriting agreement with Paterson Securities Ltd for its proposed $13 million return of capital to shareholders.
Cape Lambert Iron Ore Ltd will seek legal advice after it received a requisition notice from new major shareholder Power United Ltd, which has proposed to oust several directors including executive chairman Tony Sage.
The Australian gold division of Toronto-listed company GBS Gold International Inc has been placed into voluntary administration after it defaulted under its current debt financing arrangements.
Perth-based integrated energy company Aviva Corporation Ltd has entered into a joint venture agreement with a New York-listed company effectively valuing its 400 megawatt Mid West power project development at almost $70 million.
Nearly a year after seeking board seats and more than six months after their demand became hostile, Kerry Stokes and Peter Gammell are to become directors of West Australian Newspaper Holdings Ltd.
The last major hurdle for full control of iron ore miner Midwest Corporation Ltd has fallen as US investment bank Harbinger Capital pockets $224 million from Sinosteel's takeover offer.
Lehman crash sparks fears of world slump; Barnett hangs axe over major projects in search for Grylls' millions; Uranium stocks up as Libs take power; Falcone succumbs to Sinosteel; Liberal leadership comes to head
East Perth-based North Australian Diamonds Ltd has settled legal proceedings with major shareholder Anglo Pacific Group plc over a staged capital raising that was deemed too low.
Perth-based iiNet Ltd has announced it will buy back up to five per cent of its issued capital in a bid to strengthen its share price to better reflect the value of the company.
An ANZ loan to oil and gas services company Rheochem plc has increased from $8 million to over $20 million, in a move which the firm said will provide security for the business to grow.
