Seven Group Holdings has raised $375 million to help it buy the remainder of equipment hire company Coates Hire, and plans to tap investors for a further $25 million.
Seven Group Holdings' shares have surged despite a profit slump, as the diversified group boosted equipment sales to the mining industry and gained $540 million from selling its WesTrac China business.
SPECIAL REPORT: Backdoor-listed technology businesses and mining hopefuls have joined the state's top performers in financial year 2016 in Business News's annual analysis of total shareholder returns.
An improved iron ore price delivered huge boosts for mining magnates Gina Rinehart and Andrew Forrest, who were two of the three Western Australians to feature in the top 10 on the nation's best known rich list.
OPINION: Western Australia has a new billionaire, or to be completely accurate, it has an old billionaire who has made another billion dollars over the past 12 months without anyone really noticing.
Kerry Stokes' Seven Group Holdings has slipped to a half-year loss of $41.8 million due to $145 million of write-downs almost entirely related to the value of its stake in Seven West Media.
An improved performance by some of the state's miners boosted the Business News index of listed Western Australian companies, the BN30, to finish almost 19 per cent higher over the year (2016).
The Business News index of 30 Western Australian companies outperformed the ASX200 in the September quarter on the back of stronger showings from a handful of miners and contractors.
Kerry Stokes' diversified media, mining equipment and energy group, Seven Group Holdings, has swung to an annual profit and is cautiously confident that trading conditions will stabilise this year.
Chief executive salaries in WA are continuing to ratchet down, and companies are seeking more flexibility, a study of nearly 30 new appointments this year has found.
Lee Rodne has resigned as managing director and chief executive officer of Admedus, effective 30 June 2016. Mr Rodne has been a part of the company since the past 10 years.
A local seafoods business led by Peter Hutchinson and David Lock has had a positive debut on the ASX, after raising over $18 million from investors and completing a major corporate restructure.
Programmed Maintenance Services has announced the retirement of one of its founders and the addition of a new director, while also outlining the new structure of the business following its acquisition of Skilled Group earlier this year.
SPECIAL REPORT: For the second year running, the value of shares held by company directors in WA has fallen sharply, though some operators defied the trend.
The state government is seeking local hospitality operators to fill 25 food and beverage tenancies at King Square's landmark Yagan Square, at the same time Seven Group Holdings put out the call internationally for a developer to create the city's tallest apartment towers at the CBD rejuvenation project.
Channel Seven's old studio site in Dianella will shortly be developed into a new land estate, with Satterley Property Group launching its Seven Hills subdivision today.
It has been a tough year for WA's once-vaunted resources stocks, as our annual TSR survey reveals. Click through to see more on our Shareholder Returns feature.
Macmahon Holdings chief financial officer Sybrandt van Dyk has been promoted to the role of chief executive, following Ross Carroll's resignation in January.
Perth's Ritz-Carlton hotel is a step closer to being built, with the City of Perth approving it, along with two mammoth apartment towers at Kings Square, overnight.
Oil and gas producer Beach Energy has flagged a $166 million writedown on the value of its assets, as a result the dramatic slide in global oil prices.
Apartment developers are shrugging off concerns of oversupply in key markets, a slowing pre-sales environment and falling rental values, pushing on with plans for significant new projects, both in the CBD and suburban areas.
The residential component of the Kings Square precinct is to take shape in coming months, with Seven Group Holdings appointing architecture firm Woods Bagot to design two 50-storey apartment towers
A new report by Deloitte has found 37 of the world's top 250 retailers are now operating in Australia, 23 of which have set up shop in Western Australia.
Chairman of education provider Navitas, Harvey Collins, has joined the ranks of some of the top business leaders in WA by winning the Australian Institute of Company Directors gold medal award for WA.
