Litigation funder Bentham IMF and law firm Slater & Gordon will pursue a potential class action against failed engineering contractor Forge Group amid allegations of misleading and deceptive conduct by the company.
Western Areas is looking to raise $104 million to reduce debt and provide greater financial flexibility after a positive half-year report which saw the nickel miner turn a big loss to a modest $2.7 million net profit.
The failure of construction company Forge Group has forced Roy Hill's major contractor, Samsung C&T, to consider alternative ways to continue work on the iron ore project, including the possibi
A three-month battle to keep Forge Group afloat has come to a sudden end, with administrators and receivers called in to manage the company's assets after financier ANZ Banking Group withdrew support for the engineering contractor.
Struggling contractor Forge Group has forecast a loss of up to $25 million for the 2014 financial year, slashing its earnings guidance on the back of cost blow-outs at several projects.
Forge Group shares have risen on news it has secured a $40 million contract, helping to repair an 80 per cent single-day nose dive in late November when it announced a $127 million profit writedown on two power stations.
Just four months after becoming Forge Group's new lender, it appears ANZ Banking Group will need to pitch in more debt financing to keep the struggling company afloat.
Amateur investors are continuing to buy shares in Australia's big four banks, which is easy to understand given the eye-catching profit of $6.3 billion reported earlier today by ANZ Banking Group.
Trisha Burgess's small business has achieved a major sales boost this past year without any changes to her product range. All the gains, she says, are due to a banking app.
Waste management technology company Tox Free Solutions has expanded its footprint on Australia's east coast, acquiring three related firms for $85 million.
The state Liberal party has been the main beneficiary of donations from Western Australian business over the past year, new campaign finance data reveals.
WHILE the recent period of engagement with China goes back 40 years in diplomatic terms, and well into the 1980s at a trade level, there are plenty of cautionary tales from those doing regular busi
IF there is one subject that unifies people across the property sector it is concern with the lending policies of the banks, which have been criticised for being overly strict and not really unders
Western Australia's pipeline of significant non-iron ore projects is showing signs of a quick slowdown as construction of major projects is due to be completed by the end of next year.
OAKAJEE Port and Rail and other sponsors are keen to grow opportunities for indigenous artists in the Mid West by building on the success of the Good Heart Mid West Aboriginal Art Exhibition.
Australia's four major banks all moved today on their lending rates, with the ANZ making the largest cut, of 25 basis points, but National Ausralia Bank continuing to be the market leader with the
THE ANZ's top institutional banking executive in Australia believes Asian investors will increasingly provide the growth capital sought by local mining companies.
WA's largest locally owned banking institution Police & Nurses Credit Society has announced that it will follow the Reserve Bank, cutting the full interest rate on its variable home loan produc
The Conservation Council of Western Australia has launched a campaign against the ANZ Bank, saying its ongoing investment in coal mining and coal-fired power stations is an investment liability.
ANZ Banking Group says it expects its funding costs to continue rising for at least 18 months as it replaces pre-crisis debt at higher post-crisis prices.
Competition in the housing loans market is being bolstered by a revival of wholesale funding, with Australian Finance Group re-launching its securitisation business and Police & Nurses Credit Society launching its first-ever issue of mortgage-backed secur
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.
WINEMAKER Evans and Tate Ltd says it has launched a binding heads of agreement with ANZ bank to restructure the company's balance sheet, which will include issuing 409 million new shares to a “yet to
WINEMAKER Evans and Tate Ltd says it has launched a binding heads of agreement with ANZ bank to restructure the company's balance sheet, which will include issuing 409 million new shares to a “yet to
Winemaker Evans and Tate Ltd says it has launched a binding heads of agreement with ANZ bank to restructure the company's balance sheet, which will include issuing 409 million new shares to a "yet to be identified" third party co-investor.
