BCI Minerals is set to receive a $175 million cash injection from AustralianSuper and $110 million from major stakeholder Kerry Stokes to get its $1.2 billion potash project up and running.
Advisers have been appointed for a potential sale of Seven Group's share of the Crux LNG project, managing director Ryan Stokes has said, while flagging deals around Coates and WesTrac.
Self-made billionaire Kerry Stokes is retiring from the board of ASX-listed Seven Group Holdings, but the 80 year old will retain a well-paid consultancy role.
Royal commissioner Neville Owen has sought to quash any concerns about conflicts of interest by acknowledging he is a director of a key company in Kerry Stokes' business empire.
Kerry Stokes-led Seven Group is poised to take control of listed building and construction company Boral after lifting its ownership stake above 50 per cent.
Seven Group has entered a trading halt ahead of a $550 million equity raising, aimed at helping the company reduce its debt and pursue further growth opportunities.
Ron Manners, Colin Beckett and Denise Goldsworthy were among the 68 Western Australians recognised in this year's Queen's Birthday Honours list along with Seven West's Ryan Stokes, who was awarded for his services to the media industry.
Seven Group Holdings has withdrawn its market guidance on the back of falling advertising revenue and declining oil prices, on the same day that Seven West Media criticised a report it was entertaining a prospective sale of West Australian Newspapers Holdings.
Seven Group Holdings has reported a 40 per cent surge in full-year underlying earnings but a $291 million write-down in the value of its media business, which hit its bottom line.
A small number of ASX-listed Perth companies are following the example of Rupert Murdoch and Kerry Stokes, with second-generation family members taking over.
Shares in NRW Holdings and Seven Group Holdings were stronger today after reporting improved earnings on the back of strong resources and infrastructure markets, with NRW adding its first interim dividend in five years.
Seven Group Holdings has upgraded its full-year earnings guidance, after the company said it was performing above expectations due to strength in the mining industry and east coast infrastructure a
Seven Group Holdings has lodged a big increase in earnings for the half-year, as improvements in the mining industry aided the strong performance of WesTrac.
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.
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.
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.
Kerry Stokes is one of Australia's wealthiest and most private business leaders, but that has changed with the release of two biographies in two years. However conspicuous gaps in what we know about his deals and erstwhile partners remain.
Business leader Kerry Stokes says the Western Australian economy is heading for its toughest period in two decades, but expects the state will resume healthy growth within a couple of years.
The appointment of investment banker Michael Ashforth as manager of the Bennett family's $1.5 billion fortune highlights the maturing of Western Australia's private wealth market.
Iron Ore Holdings confirmed today that its second-largest shareholder 3rd Wave Investors, Brettney and Annie Fogarty's investment vehicle, has accepted BC Iron's $256 million takeover bid for IOH.
Seven West Media has reported a large rise in its reported profit but pro forma accounts that adjust for last year's merger of West Australian Newspapers and Seven Media Group show a downturn in th
