The Australian share market has come under pressure in early trade as investors take cues from a weak close on Wall Street on Friday and a lack of local drivers.
A new feature on the Business News web site that tracks the changing wealth of Western Australia’s company directors shows Tony Lennon and Peter Cook are among the winners over the past month while Kerry Stokes and Andrew Forrest have gone down.
ANNIVERSARY SPECIAL: Riding the waves of Western Australia’s boom-and-bust economy while simultaneously dealing with the decades-long disruption to the media landscape means Business News has faced more than a few challenges during its 25-year history.
The $11 billion merger of gaming giants Tabcorp and Tatts Group is back on track for now, after the Australian Competition Tribunal gave the deal a green light for a second time.
Men are earning $26,000 more per year than their female counterparts despite increased efforts from employers to address pay gaps and gender imbalances, according to the latest report by the Workplace Gender Equality Agency.
Venturex Resources will raise $4 million through a share placement with funds to be used to advance the company’s Sulphur Springs copper-zinc project, 150km south east of Port Hedland.
Perth company Bombora Wave Power will proceed with construction of its first commercial sized mWave device after securing multi-million dollar backing from international renewable energy consultancy Enzen.
Private sector sponsorship of public infrastructure has frequently caused controversy, and the sale of naming rights to Perth’s new stadium is no exception.
Rugby WA has entered into voluntary administration as Rugby Australia pursues the state’s rugby body for legal costs relating to the removal of the Western Force from the Super Rugby competition earlier this year.
Peter Sullivan-led Zeta Resources is set to increase its position in Perth-based nickel company GME Resources to nearly 50 per cent following the acquisition of investment firm Axelrock for $50.1 million.
Quintis has revealed that a group of shareholders is taking legal action against the embattled sandalwood producer in relation to a supply contract with pharmaceuticals company Galderma.
A seven-storey apartment project at Ascot Waters has added more variety to the market in Perth’s eastern suburbs, with the developer saying it has attracted potential buyers from other parts of the city.
Southern Cross Electrical Engineering will raise $32 million through a share placement to provide working capital as the company’s order book continues to expand.
Shares in energy giant Santos have soared to a 15-month high after the company confirmed it recently rejected a takeover offer from a major US investor worth almost $9.5 billion.
Struggling marine services company MMA Offshore will raise nearly $100 million to repay debts and repair its balance sheet, despite opposition from major shareholder Halom Investments.
Oil prices have fallen for a fourth session after the US government reported an unexpected increase in crude and petrol stockpiles, but an increase in refining runs and a drawdown in distillates he
Gold prices have dropped in see-saw trade, first rising to the highest since October 20, then sliding and hovering near session lows, as the US dollar pared losses.
Western Australian game developers received a major shot in the arm last month, with two locally made games awarded at Melbourne International Games Week.
Australian businesses have cheered the nation's majority 'yes' decision in support of same-sex marriage and are urging federal parliament to legislate quickly.
