Axiom Properties Ltd director Ben Laurance has increased his interest in the company through a rights issue of 10.4 million shares valued at a total of $832,000.
IT has been a tough past few months for companies looking for extra cash, with the surge in market volatility causing investors to further tighten the purse strings.
THE Breast Cancer Foundation of Western Australia is maintaining its colourful strategy to rally the Perth business community and raise awareness of the foundation's role.
RALLIES on global markets last week were a direct result of short covering and some over-exuberance by a few who have not yet lost all their investments or hope.
THERE was something almost surreal about events last Friday when Western Australia lost the country's single largest resources project as the rest of the world trembled over the fallout from the global financial crisis.
Perth-based Homeloans Ltd has announced that its managing director Brian Jones will step down, two months before his contract expires, as the group deals with the sub-prime impact on its warehouse funding.
Brisbane-based Norton Gold Fields Ltd will move to acquire the remaining shares in West Perth-based Bellamel Mining Ltd after its friendly takeover offer closed yesterday.
The rescue of BankWest parent, HBOS plc, could be in jeopardy after the value of its shares plunged yesterday, prompting fears that white knight Lloyds TSB could be paying too much for the takeover.
Iron ore miner Territory Resources Ltd has reported a full year net loss of $48.5 million, with over $40 million of that attributed to asset impairments and investments in collapsed Monarch Gold Mining Company Ltd and Matilda Minerals Ltd.
US failure shocks markets; Reserve poised to cut rates; Emissions deal 'crucial' to economic future; China could be dragged down; NAB unveils $400m hit as global markets dive
Lessons learnt from the Asian financial crisis are now cushioning the region from the continuing global fallout overnight from the United States equities quagmire, according to one of South East Asia's most prominent business commentators.
GRD Minproc, a subsidiary of GRD Ltd, has secured the engineering contract for the $5.2 billion Sino iron ore project in Western Australia, currently being developed by Citic Pacific Mining.
United Credit Union's merger with Adelaide-based credit union Community CPS Australia will come into effect at the start of November following shareholder approval.
Australian stocks suffered at the opening of trading on the Australian Securities Exchange, after the US House of Representatives rejected the $US700 billion rescue package.
Metals dive as recession fears defy Wall St bailout; Banks warned on loan exposure; Centro gets reprieve; Garnaut has bush answer to climate; Hardie 'misleading' on compo
Subiaco-based seafood processor Sam's Seafood Holdings Ltd has branched out into the coal sector after agreeing to acquire a company that holds a majority interest in an Indonesian coal project.
Moly Mines Ltd has executed full financing documentation for the provision of a $US150 million interim debt financing facility with various funds associated with the Trust Company of the West.
Wesfarmers Ltd has unveiled a new remuneration package for managing director Richard Goyder in a step to better reflect the increased responsibilities stemming from the Coles acquisition.
Gold miner St Barbara Ltd has signed a $20 million agreement with lender GE Commercial Finance to fund ongoing development at its Gwalia mine in Western Australia.
An injunction preventing Cape Lambert Iron Ore Ltd from acquiring a stake in an African iron ore project has been dropped following mediation talks with a disgruntled shareholder.
Emerging Perth-based base metals company Bass Metals Ltd has confirmed a maiden $1.78 million net profit for fiscal 2008 financial, underpinned by strong high-grade production from the Que River operation in Tasmania.
