Pundits tip rough ride on way back to 6000; Mittal enters battle for control of Rio Tinto; Banks let Babcock off hook; Kiernan plans Territory sell-down in Monarch rescue plan; Windimurra seeks in-the-money options nod to reward directors
Boutique brewing company Oz Brewing Ltd has stopped short of entering the shed and accommodation manufacturing sector after it terminated agreements to buy Shedco Group Pty Ltd.
Perth is the only capital city to have posted a fall in house prices in the year to May, defying a flat national trend, according to data released today.
The resource boom has somewhat helped to cushion Western Australia from a downturn in initial public offer activity, with the state producing five of the 10 best performing floats.
ArcelorMittal's major shareholder, Lakshmi Mittal, is reportedly considering entering the takeover battle for Rio Tinto Ltd to secure larger supplies of iron ore.
The state government has given $6 million from its $36.5 million Low Emission Energy Development fund to two companies to develop technology to help reduce Western Australia's greenhouse gas emissions.
Perth-based Jupiter Energy has today unveiled plans to expand its footprint in Kazakhstan with plans to purchase half of the North West Zhetybai oil field for $27 million.
Perth-based Hazelwood Resources Ltd has reached in principle agreement with a number of investors to raise up to $3 million to progress studies at its wholly-owned Big Hill tungsten project.
The Environmental Protection Authority has today recommended approval of Grange Resources Ltd's Southdown magnetite iron project in the state's South West region.
Despite the turmoil hitting Futuris Corporation Ltd, its part-owned Elders Rural Bank expects its net profit after tax for fiscal 2008 to increase by at least 10 per cent.
The Australian Securities Exchange has released for the first time a comprehensive review of disclosure of director's interest notices, which found 13 per cent of notices were in breach of rules.
With two identical takeover bids on the table for Perth-based Herald Resources Ltd, the company has today recommended its shareholders to accept either offer.
West Perth-based explorer Silver Swan Group Ltd today announced it has received firm commitments to raise $1.2 million via a share placement to fund exploration at its suite of projects in the Meekatharra area.
Perth-based iron ore miner Portman Ltd has increased its iron ore prices, following Rio Tinto Ltd's new deal with Baosteel, as it falls short of its $241 million off-market share buy-back.
Mt Pleasant-based oil and gas explorer Comet Ridge Ltd has divested its United States projects worth $7.3 million, in a deal with New York-based equity capital firm Pine Brook Road Partners.
Futuris sacks Wozniczka; Bank rally as bosses reassure investors; Business seeks Asian migrants; Harbinger punts $53m on Poseidon comeback; Murchison confident of merger tick
The State Government multi-million dollar acquisition fund campaign was launched last night with Alan Carpenter announcing that four corporations pledged a total of $4 million to the Art Gallery of WA, to help build a world-renowned art collection.
The Australian Securities and Investments Commission has suffered a setback in a $245 million legal action against directors of the failed Westpoint group, with the Federal Court ruling ASIC could not continue action instituted by Westpoint's liquidator.
Perth-based asset management firm PearlStreet Ltd has forecast revenue for the 2008 financial year at $80 million, while earnings before interest, tax, depreciation and amortisation is expected to be up to $8.5 million.
Perth-based Grange Resources Ltd is set to step into the producer ring later this year following joint venture approval to develop an iron ore mine in Malaysia.
The Perth, Melbourne and Sydney practices of PPB will merge with the Brisbane and Sydney practices of SimsPartners on July 1 to form the new accounting firm, the PPB Group.
The fallout from mystery fuel-additives group Firepower continues to grow with up to 600 Western Australian investors facing the prospect that their shares could be worthless.
There’s nothing The Note likes better than a conspiracy theory, and there’s nothing like an explosion that stops 30 per cent of the state’s gas from reaching its users to prompt a few.
"We've had no vision since Charlie Court ruled here."
That was the message one representative of Perth's mining and resources sector gave to WA Business News' recent mining services and mining technology forum.
Access to low-cost airlines in Western Australia continues to improve following news that Qantas' budget subsidiary, Jetstar, will start international services from Perth later this year and establish a Perth crew base to support its new services.
AUSTRALIAN consumers are increasingly becoming aware of the Perth-based BankWest brand, while Bill Gates’ Microsoft has been named as Australia’s most authentic brand, a study has revealed.
