The Melbourne-based builder behind Perth's iconic $1.3 billion Capital Square apartment development on the former Emu Brewery site, Contexx Pty Ltd, has pulled out of the project, leaving developer Saville Australia to negotiate a new contract.
Property group Stockland has sold its 25 per cent stake in the Karrinyup shopping centre for $152.5 million, more than doubling the value of its original investment.
The Real Estate Institute of Western Australia has again called on the state government to reign in the state's runaway stamp duty, after new estimates reveal stamp duty on residential homes has blown out by 31 per cent this financial year.
The market capitalisation of Western Australian listed companies included in the Deloitte WA Index ended 2007 at a record $179.3 billion, gaining 7.9 per cent in the month of December.
Banks give Swan an interest rate slap; Bad year tipped for super; Race is on to power desalination plant; Alinta shareholders are better off: Indermauer; Investors wary after second stockmarket correction
Victoria Park-based property group Tasica Developments Ltd has launched a prospectus to raise up to $5.5 million to help fund the development of a 75-lot residential subdivision in Baldivis.
Subiaco-based mineral explorer Gondwana Resources Ltd has successfully placed a shortfall of shares and options to raise a total of $1.9 million from its December entitlement offer.
US fears hit global shares; Banks lift deposit rates to combat credit crunch; $35bn lost as shares tumble; Peet pays $300m for Alkimos land; Rio Tinto to start its own iron ore fleet.
Two new community radio stations are set to hit Perth airwaves in the next 12 months, following an Australian Communications and Media Authority decision to allocate two new licences to serve the city's Indigenous and seniors communities.
Perth-based gold miner View Resources Ltd and Queensland's Norton Gold Fields Ltd have posted strong production increases from their Western Australian operations.
Property group Peet Ltd has announced the successful launch of its wholesale funds management business with the completion of a $300 million wholesale land syndicate for Alkimos, 40 kilometres north of Perth.
Perth-based Allied Gold Ltd has appointed mining engineer Richard Johnson as its new chief executive, while announcing the resignation of Grant Brock as company director and chief operating officer.
Perth-based Mission Biofuels Ltd has signed another exclusive feedstock deal with a government controlled entity in India, through its Indian subsidiary, Mission Biofuels (India) Pvt Ltd.
Small brewers toast bumper Christmas; Woodside faces compo claims over gas debacle; Market faces $30bn sell-off on US falls; Rudd to axe Lib pledges; Car trouble: auto makers says it's all uphill.
Windimurra Vanadium Ltd is set to launch a $54.8 million rights issue to fund planned development at its namesake project in Western Australia's Mid-West region.
Alkane Resources Ltd non-executive director Ian Gandel has invested $10.6 million buying extra shares in the company, after he was required to take up a big shortfall in its $12.8 million rights issue.
Ukrainian-based mining investment company Palmary Enterprises Ltd is a step closer to gaining control of Consolidated Minerals Ltd, breaching the 90 per cent takeover threshold today.
Polaris Metals NL spin-off Southern Cross Goldfields Ltd is looking to raise up to $10 million to progress its gold and nickel exploration aims, ahead of listing on the Australian Securities Exchange.
Nedlands-based Lodestar Minerals Ltd, a subsidiary of Dioro Exploration Ltd, has made an underwhelming debut on the Australian Securites Exchange today, with its shares down 1 cent on their 20 cent issue price at start of trade.
Paladin Energy Ltd managing director John Borshoff has made an instant paper profit of almost $19 million and chairman Rick Crabb almost $16.5 million, after they exercised share options in the uranium miner today.
Plans to build a $400 million lumber project at Albany have effectively come to an end after Subiaco company Lignor Ltd said it had failed to raise $350 million, triggering the resignation of its managing director Glyn Denison.
More than 60 per cent of Australia's small to medium enterprises say their preferred way of interacting with their bank is through a relationship manager but very few currently have one, East & Partners' latest SME Banking Markets Report reveals.
Base metals miner Perilya Ltd has sold its stake in takeover target Herald Resources Ltd, which said today it was in discussions with a number of other parties.
Talisman Mining Ltd managing director Steven Elliott has made an instant paper profit of $4 million today after exercising 4.9 million options at $0.25, while realising $1 million cash through the off-market sale of 2.7 million shares at $0.67.
Eight Western Australian company directors in the mining industry collected tidy Christmas bonuses this week with substantial paper profits from the exercise of options.
So what is the secret? Western Australia is meant to be at the cultural fringe, dominated by mining and other sectors that lack the sophistication necessary to appreciate the arts.
MORE than a third of companies listed on the Australian Securities Exchange call Perth home, with more than 120 new Western Australian companies floating on the stock market this year.
ILUKA Resources will announce the retirement of Ian Mackenzie as chairman and a director of the company at its next annual general meeting, to be held in May 2008.
John Langoulant's role as the public face of Western Australian business for nearly four years is set to change in the new year when he takes on the role as chief executive at Kerry Stokes' very private Australian Capital Equity Pty Ltd.
