The Australian Competition and Consumer Commission has been forced to take a tougher stance on accepting undertakings during mergers following examples of businesses acting in bad faith, ACCC chairman Graeme Samuel said today.
Small-medium enterprise investor Greencap Ltd has acquired two businesses in a scrip and cash deal worth $19 million while it plans to raise over $7 million through a share placement.
Civil construction company Brierty Ltd has posted a full-year net loss of $1.3 million after downgrading its profit twice in its first year of listing on the stock market.
Balcatta-based clean energy technology group Orbital Corporation Ltd has confirmed plans to continue to expand in aligned business sectors after today announcing a $500,000 net annual profit.
Miner Mincor Resources Ltd has reported a 36 per cent fall in net profit for the 2008 financial year to $64 million on the back of lower nickel prices.
Wesfarmers Ltd's share price slumped today after it announced a 33 per cent increase in net profit for the year ending June 2008 of just over $1 billion but a fall in earnings per share.
Falling commodity prices have hit Perth-based miner Perilya Ltd which will halve ore production at its Broken Hill operation in South Australia and cut 440 jobs.
'Game on', unions warn iron miners; Farmers want state to pick up WestNet; Jobs ditched as metal prices tumble; St George loses hope of higher bid; Ausdrill battle 'down to wire'
Western Australia might be home to the nation's richest man and awash with riches amassed from property and mining booms, but that doesn't necessarily translate into funding for online businesses.
ANZ Bank has appointed Megan Carter to its West Perth Business Centre as a relationship manager. Ms Carter has previous experience at both BankWest and Netfin.
Australia Post has denied there is a backlog of mail across Western Australia after it emerged this week that documents sent by Burswood financial advisers Empire Financial Group were taking up to three weeks to reach fund managers.
Vietnam was once billed as Asia's next economic tiger, but double-digit inflation, a ballooning trade gap, tumbling share prices and banking sector concerns have dampened expectations to a large degree.
Jan Kolbusz is the kind of technology professional manager who admits he would most likely have seen out his days in senior management if he didn't live in Perth.
Rusina Mining Ltd managing director Robert Gregory has increased his interest in the company through the exercise of 3 million options at $0.16 a total cost of $492,000.
There has been a dramatic changing of the guard in Western Australia's IT consulting sector, with one-time industry heavyweight Unisys suffering a big loss of contracts and staff over the past year.
The reporting season has kicked off with some cheery results from the likes of Bradken, WorleyParsons and United Group, setting a strong pace for the local profit season.
Government involvement in the promotion of online business development should go beyond funding and reach more deeply into society, panellists at the WA Business News Online Business forum found.
Opposition leader Colin Barnett has unveiled a $50 million plan to revamp Bunbury and surrounding areas and has reportedly flagged tax cuts for families and small businesses.
A fall in commodity prices and a rising Australian dollar have cut West Perth-based Kagara Ltd's earnings in fiscal 2008 by 28 per cent despite achieving record copper production over the year.
Ausdrill Ltd has rejected Macmahon Holdings Ltd's increased takeover offer, saying the new bid represented less value for shareholders than the original offer.
Balcatta-based debt collection company Repcol Ltd has reported a $3 million net profit for the 2008 financial year, helped by a tax refund and the restructuring of its business.
Perth-based wealth management company Plan B Group Holdings Ltd has posted an 11 per cent increase in net profit after tax to nearly $5 million for the 2008 financial year.
The suburbs of Pepppermint Grove, Nedlands, Cottesloe and Cambridge have been ranked in the top 25 areas to live in, according to BankWest's inaugural Quality of Life Index.
High profile Western Australian director Tony Howarth has been appointed deputy chairman of Bank of Queensland, which announced a series of board changes today.
The falling Australian dollar could play out nicely for industrial company Schaffer Corporation Ltd which posted a six per cent increase in net profit to $11 million for the 2008 financial year.
Green likely to quit as B&B melts down; Woodside threatens to pass on proposed tax to WA households; Aussie John brokers deal with CBA; Strike threat looms over iron ore trains; Nickel price slide dampens BHP mine
Golden West Resources Ltd has hit back at Portman Ltd's criticism of its acquisition of iron ore tenements, using the latter company's recent purchase of prospective iron ore ground as ammunition.
A 74 per cent increase in sales revenue has reduced Osborne Park-based Advanced Braking Technology Ltd's annual loss for the 2008 financial year by $910,000.
Newcrest Mining Ltd has revealed the state's gas crisis has cost the company nearly $10 million as gas supply at it Telfer gold operation in Western Australia returns to normal.
Building materials supplier Boral Ltd's net profit has dropped 19 per cent, dragged down by an earnings loss at its US business while it reported weaker brick earnings in Western Australia.
