Litigation funder IMF (Australia) Ltd has scaled up its earnings forecast for the current financial year, advising that its net profit after-tax is expected to be at least $15 million and could be as high as $19 million.
New housing starts in Western Australia are exopected to fall by 12 per cernt this year and a further three per cent next financial year, according to HIA forecasts released today.
Equinox Minerals Ltd chief executive Craig Williams has become the third Perth company director to have a big parcel of shares sold by Merrill Lynch as a result of links to failed margin lender Lift Capital Partners.
Conquest Mining Ltd managing director John Terpu has commenced legal proceedings against the ANZ Bank for the return of 15.2 million Conquest shares caught up in the collapse of margin lender Opes Prime.
The value of incumbency was reinforced with today's release of voting details by WA Newspapers Holdings Ltd which reveals an even tighter race than shareholders at the meeting were told.
China's Sinosteel has turned up the heat on its takeover target Midwest Corporation Ltd which today announced it was withdrawing a potentially lucrative proposal to grant options to its non executive directors.
Perth-based Portman Iron Ore Ltd and Pluton Resources can proceed with a joint venture exploration program for Irvine Island in Broome, following the WA Minister for the Environment's dismissal of an appeal against the level of assessment placed by the EP
Subico based Natural Fuel Ltd has signed a convertible facility deed with Power Knight Pte Ltd under which Power Knight will provide Natural Fuel with a loan of US$20 million.
Axiom Properties Ltd has reached an agreement with its joint venture partner, Industry Superannuation Property Trust, on the Century City project in Perth's CBD to receive their 50% profit entitlement early and exit the project.
The shares of litigation funder IMF Australia Ltd rocketed 13 cents this morning, up to 74 cents, following the annoucement of its unprecedented $22 million windfall today.
A spray and red ink at ANZ; Defeated Stokes vows to fight on; Inflation number bad news for rates; AWB shares jump on upgarde, crop hopes; Quickflix stake in play after Prime Media takes over destra
The Western Australian business world was given a stark warning on April 17 about the uncertainties regarding climate change and what a carbon-restrained world means to Australia.
The search for new office space, combined with a director’s retirement plans, were two triggers for the merger between McKenna Hampton Insurance Brokers and Centro Insurance and Risk Managers, which will come into effect from July 1.
If recent trends in London and New York are any guide, more Australian lawyers could be following the likes of Tim Lester and Heath Lewis back to Perth.
It’s the kind of story that would be big news in so many places.
A couple of boffins come together with a pair of money men, see a gap in the market, and set up a business.
The inaugural Australian PricewaterhouseCoopers Transparency Awards were held in Sydney last week, recognising the best-reporting not-for-profit organisations in the country.
Nedlands-based Advanced Share Registry Services Ltd is looking to grow its business in Australia and internationally after launching a $5 million initial public offering this week.
Darrel Jarvis remains a believer in the Palandri wine business which he has sought to resuscitate with Chinese backing, blaming the high gearing levels created by the group’s finance division for its collapse.
Debtor finance company Scottish Pacific Benchmark has hailed the strong growth of international factoring, based on figures released by the global cooperative Factors Chain International.
A new phrase entered the Australian business lexicon when Perth company directors Rick Crabb and Gillian Swaby lodged substantial shareholder notices with the Australian Securities Exchange this month.
Seven Network Ltd owner Kerry Stokes has failed in his bid to oust the board of West Australian Newspaper Holdings Ltd, with proxy votes narrowly in favour of the incumbent directors.
$742m US deal saves Groves' ABC; Atlas lifts iron ore targets in bid to cash in on price boom; Insurance delay may penalise investors; Forrest loses tax fight over payout; Wesfarmers face uphill struggle to boost Coles, say analysts
Embattled childcare provider ABC Learning Centres Ltd has finally secured a deal to sell 60 per cent of its US business to Morgan Stanley Private Equity.
Spotless Group Ltd expects to despatch a bidder's statement tommorow, and formally present its takeover offer to Programmed Maintenance Services Ltd shareholders.
Atlas Iron Ltd has resolved to raise up to $100 million through the issue of up to 50 million ordinary shares at an issue price of $2.00per share to clients of Hartleys Limited and existing major shareholders.
Perth-based seafood processing company GSF Corporation Ltd has announced that it has been unable to complete the acquisition of Londoloza Resources Corporation from the vendor Msasa Ltd.
