Automotive Holdings Group has skidded to a first-half loss, scrapping its dividend and cutting its guidance after a flagged $223 million write-down against its struggling car yards and refrigerated logistics business.
Wesfarmers is handing more than $1 billion of the cash it raised by demerging Coles and selling other assets back to shareholders in the form of a special dividend.
Photo Essay: It's nearing noon on a Monday when the CMA CGM Strauss enters Fremantle harbour, laden with a cargo of cookies, tyres, beer, eskies, bicycles, motor oil, lithium batteries, machinery and furniture.
SPECIAL REPORT: Costs and a local skills shortage are among the challenges facing the state as it seeks to develop a local train car manufacturing sector.
SPECIAL REPORT: WA will be waiting until at least 2030 before an outer harbour development is needed, and in the meantime work is being done to evaluate the best ways to extend the life of Fremantle Port.
Automotive Holdings Group has announced a series of write-downs and restructuring expenses totalling $264 million as it adjusts to tougher conditions in both its automotive and trucking businesses.
Wellard has posted a $2.9 million profit for the six months to December, up from a $7.4 million loss in the previous corresponding period, and its first profit since listing on the ASX over three years ago.
Virgin Australia has delivered a $54.8 million profit in what the airline called its best first-half result since 2008, though market uncertainty has prevented it from providing any full-year outlook.
Pilbara Ports Authority has recorded a slight decrease in throughput for the month of January compared with same month a year prior, despite the Port of Port Hedland achieving a single-tide record tonnage in the month.
Industrial technology company Orbital Corporation has lowered its revenue guidance for the financial year by $4 million, following production delays to one of its new engine models.
Sales of new hybrid cars have continued their rapid growth, rising by 140 per cent in January in Western Australia compared to the same month last year, and bucking the overall trend of declining new vehicle sales.
The two main operators at Fremantle Ports container terminal look set to stay until at least 2026, with the state government flagging discussions about infrastructure for container movements into the port to be a key priority in its negotiations.
Marine services company TAMS Group has been awarded the tender for the replacement of Berth 3 deck and fender in Port Hedland six months after previous contractor York Civil went into administration.
US federal agents have conducted a search at Austal's offices in Mobile, Alabama, in relation to an inquiry by the Australian Securities and Investments Commission into announcements the shipbuilder made in late-2015 and mid-2016.
Marine services company TAMS Group has expanded outside of Western Australia, acquiring two Queensland-based companies with a combined staff of about 150 employees.
The Federal Court has imposed a $2.6 million penalty on Ultra Tune Australia, after it was found the automotive servicing and roadside assist company made false or misleading representations about a franchise site, and then tried to mislead the court in its defence.
Professional services company Turner & Townsend has been awarded an $8.2 million state government contract to establish and operate a program management office that will oversee Metronet's program of works.
APN Outdoor has renewed its licensing rights to use specific Public Transport Authority assets for advertising purposes, in a revenue sharing arrangement for up to 10 years.
Perth Airport is the fourth most punctual out of the seven largest in Australia, according to an annual survey compiled by global travel data provider OAG.
A Chinese banking crisis that leads to a significant economic downturn might considerably delay Fremantle harbour reaching its container capacity, while other scenarios might accelerate traffic, according to previously unpublished economic modelling by Deloitte.
Diversified contractor Lendlease has secured a $53.2 million state government contract to provide maintenance services for the Graham Farmer Freeway tunnel for the next six years.
The state government has announced a delay of up to 12 months at the Forrestfield-Airport Link due to tunneling issues, but says the rail project's $1.9 billion budget will not be impacted.
