HBOS, the UK parent of BankWest, has reportedly confirmed it will axe 425 jobs and close one of its five mortgage brands to new business in order to cut costs.
A legal technicality and market volatility has put a stop to TheBuzz Corp Pty Ltd's $5 million capital raising, with the Nedlands-based telecommunications company forced to change its plans.
Despite volatility dogging the markets since its debut on the ASX earlier this year, Perth-based investment company OzGrowth Ltd has posted a net profit of nearly $5 million.
Perth-based Stirling Products Ltd has acquired the worldwide licensing rights for the product PetQuench with sales expected to be in excess of $25 million over the first five years.
In what is its final step in transforming itself into a fully fledged resource company, former satellite communications stock Comdek Ltd has proposed a name change and a $12 million share placement.
A boost in sales of the Perth-based TFS Corporation Ltd's managed investment scheme product has driven its full-year net profit up 44 per cent to $28 million, exceeding expectations.
CBA wary despite $4.8bn profit; RBA tells banks: pass on rate cut; Telstra investors hang up on lower $3.7b profit; Straits eyes long wait for $200m salt project; Metals to make a comeback: analysts
Three major developments in the gas, iron ore and power sectors this week have once again highlighted the ability of big projects to insulate the Western Australian economy from the global economic slowdown.
A series of market indicators for Perth's residential property sector have revealed the slowest June quarter in at least five years, but analysts are divided over whether the slowdown will continue.
A change of name for biodiesel player Missions Biofuels Ltd has signalled a new milestone for the company as it looks to broaden its scope beyond purely biodiesel production.
Wesfarmers and Rio Tinto have cemented their positions as corporate citizens in Western Australia after both companies last week revealed separate philanthropic partnerships totalling $15.
When 29-year-old Tanya Steinbeck started her home business in March this year, finding the time to care for daughter Ava and manage domestic chores was not an issue.
Western Australia's fledgling private equity market is gaining traction, with a growing number of transactions this calendar year coinciding with a downturn in stock market listings.
In a sign that Perth's commercial property market may be warming up, Wesfarmers House has sold to Jandakot-based Ascot Capital Ltd for almost $85 million, although the price represents a significant discount on the property's 2007 value.
Accounting firm Deloitte has bolstered its Perth practice with the appointment of four new partners, highlighting its growth in the mid-tier mining sector and insolvency.
A consortium headed by WorleyParsons is embarking on a major study to develop a series of 250-megawatt advanced solar thermal power stations across Australia.
Gondwana Resources Ltd managing director Warren Beckwith has increased his interest in the company through the acquisition of 1.5 million shares through the exercise of options and an off-market tran
This time last year, fund managers in Perth were talking bullishly about continued strong investment returns and plans to rapidly expand funds under management.
Hydrotech International Ltd director David Ledger has resigned from the company after a share purchase earlier today was found to be in breach of the company's trading policy.
The Brand Agency is likely to take over Curtin University of Technology's advertising account, which has been managed by Gatecrasher for the past five years.
Pay packets in resource rich Western Australia climbed 5.6 per cent over the year, the fastest in the country, while the mining industry was the top sector for annual wage growth.
Great Southern Ltd's 50 per cent owned Bunbury chip mill has entered into a $150 million, six-year purchase agreement to buy timber from Intergrated Tree Cropping Ltd.
Late surge nudges St George to record run; Gas blast warnings ignored; Partners set $1b budget for decision on Gorgon; WorleyParsons reaps bonanza on resources; BHP, Rio to square off as they pull out profit guns
Golden West Resources Ltd has entered into a 15-year offtake agreement with a Chinese steelmaker, which will also subscribe to nearly $27 million worth of shares for an 11 per cent stake.
OM Holdings has launched a share buy-back for about five per cent of its issued capital, saying its current share price did not reflect the underlying value, strong earnings and future potential of its assets.
A consortium headed by WorleyParsons and including the state's biggest companies is embarking on a major study to develop a series of $1 billion, 250 megawatt solar thermal power stations across Australia.
