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.
Wesfarmers Ltd says its pre-tax earnings will be cut by up to $20 million a month, as the company feels the impact of gas outages following an explosion that closed down the Varanus Island gas plant.
The state government will contribute a further $6 million towards the restoration of the Busselton Jetty, covering the gap initially allocated to the federal government.
North Perth-based Frontier Resources is preparing legal action against Papua New Guinea to recoup over $3 billion in expenditure and lost profits after the government refused to renew the licence covering its Kodu deposit.
Engineering and project management business Emerson Stewart Group Ltd has made a premium debut on the stock market today with its shares opening at a 15 per cent above its 20 cent issue price today.
Perth-based Beadell Resources Ltd has potentially secured a $50 million debt facility with ANZ to help fund part of its purchase of the Cracow gold mine in Queensland.
Chinese producer Hunan Nonferrous Metals Corp has increased its stake in Abra Mining Ltd to 50.2 per cent, putting it in reach of its takeover offer to acquire 70 per cent of Abra shares.
BHP hails bumper ore price but wants more; BG lobs hostile $14bn Origin bid; Boom prices the people out of Pilbara; Strategy clash sees Kiernan quit Territory board; Perilya, CBH hit as failed merger test tempers
Boutique brewing company Oz Brewing Ltd has suspended trading of its shares indefinitely pending the release of an announcement relating to its acquisition of assets from Shedco Group Pty Ltd.
Perth-based oil company Odyssey Energy Ltd has entered into an agreement with Marion Energy Ltd to sell its North Helper and Jester-Bloomington projects for consideration of 27.5 million Marion shares.
A study into West Perth-based DMC Mining Ltd's Maroko iron ore project in the Republic of Congo has revealed potential revenue earnings of $US1.1 billion ($A1.2 billion) based on a 11 million tonne per annum operation.
Charter Hall Group Ltd has announced that the Police and Nurses Credit Society has officially signed a 10 year lease at the ONE30 Stirling Street project, located on the fringe of Perth's CBD area.
Apex Minerals NL is expecting the first gold pour from its Wiluna gold project in Western Australia in November, after the finalisation of a study pegged cash costs at around $A560 per ounce.
The Takeovers Panel has ruled that Harbinger Capital Partners will not be allowed to vote with its 4.27 per cent interest in takeover target Midwest Corporation Ltd while a bid by Chinese steelmaker Sinosteel is active.
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.
Investors have rushed to fill West Perth-based Malagasy Minerals Ltd's $10 million initial public offer, with so much support that it could have filled the offer nearly three times over.
Private investment player, Wyllie Group, will take a 15 per cent stake in Perth-based oil producer Amadeus Energy Ltd, which has raised nearly $15 million in the process.
