Financial Services

It's a curious thing when a company sheds some light onto its commercial dramas - sometimes the problem fixes itself under the glare of the spotlight.

EIGHT months after it bought the site for $70 million, Goodman International Ltd has signed US-based drilling services company, Boart Longyear Ltd, as the anchor tenant for its Stockyards Industrial E

Engineering company Ausenco Ltd will provide West Perth-based Equinox Minerals Ltd with $8 million in additional costs following a fire at the Lumwana copper project in Zambia.

Construction industry hopes have suffered a blow, with Master Builders Australia's national survey revealing the fourth consecutive fall in builder sentiment in the June quarter.

Perth engineering company Macmahon Holdings Ltd has formed a new Aboriginal contracting business as it decides whether to extend its takeover offer period for Ausdrill Ltd.

Perth-based Bankwest has become the latest bank to lift its standard variable home loan rate, increasing it by 0.2 per cent to 9.55 per cent.

Balkans Gold Ltd plans to raise $3.2 million via a non-renounceable pro rata rights issue to help fund its acquisition of West African Resources Ltd and ongoing exploration programs.

Richfield Group Ltd and PharmAust Ltd have become the latest Western Australian companies to reveal their exposure to the affairs of besieged financial services provider Chimaera Capital Ltd.

Two Western Australian companies have become entangled in the fall-out of Primebroker Securities Ltd, part of the Chimaera Financial Group.

Belmont-based Ferrowest Ltd has doubled the scope of the engineering study into its Yalgoo iron project to one million tonnes per annum on the back of high demand for merchant pig iron.

Eight months after it bought the site for $70 million, Goodman International Ltd has signed US-based drilling services company, Boart Longyear Ltd, as the anchor tenant for its Stockyards Industrial Estate in Hazelmere.

West Perth-based Universal Resources Ltd has mandated the Royal Bank of Scotland and ABN AMRO in London to arrange a $US30 million bridging finance facility for the development of its Roseby copper project.

Mandurah man Leslie Walters is the latest person to be banned by the corporate watchdog from providing financial services over his role in the Westpoint Group collapse.

West Perth-based Rialto Energy Ltd is planning to raise over $7 million via a share placement to fund exploration of its projects in the Carnarvon Basin and attract international growth opportunities.

Perth-based Coal of Africa Ltd has entered into an agreement with a joint venture held by Rio Tinto and Kwezi Group of South Africa to exchange certain coal tenements.

Perth-based international office equipment financing company ThinkSmart Ltd will expand its reach in the Europe and New Zealand markets after agreements were secured with Media-Saturn France and Dick Smith Electronics.

Four Midwest Corporation Ltd directors have decided to accept Sinosteel Corp's takeover offer, a day after its merger with Murchison Metals Ltd was called off.

Crescent Gold Ltd shares have sunk to a 12-month low after the gold producer suspended its Laverton operation in Western Australia following problems with the processing plant.

Murchison quits bid with shot at Sinosteel; No need for exporters to fear: Garnaut; Pratt accuses ACCC of 'abuse of power'; Veteran brokers drive $150m takeover by Bell; Shock downgrade rattles market

Despite lower demand levels, hotel room rates have hit a record high, with Western Australia proving to be the nation's third most expensive.

Michael Kiernan has released details of a $30 million funding package to save Monarch Gold Mining Company Ltd, which includes a $25 million capital raising and an interest-free $15 million loan provided by the Kiernan family.

Perth-based Woodside Petroleum Ltd has alerted its shareholders of a possible unsolicited offer following a request for the company's list of shareholders.

Engineering company Neptune Marine Services Ltd is set to capitalise on the $40 billion European subsea market following its acquisition of Aberdeen-based Subsea Engineering Services Ltd.

GRD Ltd has promoted Malcolm Brown to chief executive at its subsidiary GRD Minproc, while continued growth has boosted its order book to $4.65 billion.

The falling nickel price has hit Perth companies Fox Resources Ltd and Australian Mines Ltd, which have been forced to either wind down operations or defer capital development.

VDM Group announced today the acquisition of WA-based engineering consultancy BCA Consultants at a purchase price of $5.2 million.

BHP takes more time to get Europe's bid blessing; Business warned no end in sight to lending squeeze; Unis 'must train boom workers'; Chimaera, ANZ face legal stoush; Rudd wavers on emissions starting date

Pivot Group chairman Peter Laurance has continued his acquisition of Axiom Properties Ltd's shares with the latest raid boosting his interest to 30.5 per cent.

Speculation is mounting that BankWest could be sold by its parent company HBOS Plc, according to a report.

Billionaire Clive Palmer's plans to raise $5 billion by floating his company Resources Development International will see an alliance forged and funding for MEO Australia Ltd's Western Australian projects.

Malaga-based Automotive Technology Group Ltd has entered into an agreement for the potential establishment of a manufacturing facility that would produce one million units each year of its patented Sprintex technology.

West Perth-based Beadell Resources Ltd will have to put its goal of stepping into the miner's sphere on hold, after turbulent market conditions stopped the company from raising equity to purchase a share of the Cracow gold mine.