The Australian share market has ended Monday higher, after a positive Wall Street lead and booming oil prices led to early gains, particularly among mining and energy stocks.
A former Horizon Power IT manager and his business partner are being investigated by the Corruption and Crime Commission over allegations the pair billed the state-owned company more than $1 million for services provided by a firm they jointly owned.
Western Australia’s automotive industry has continued its good run with strong a sales result in April, which was boosted by a big increase in SUV sales for the month, according to the latest data from the Federal Chamber of Automotive Industries.
Gold miner Beadell Resources has raised $US23 million ($30 million) via a share placement and convertible debentures to fund an upgrade of its Tucano mine.
SPECIAL REPORT: To keep pace with the competition nationwide, WA’s universities are finding ways to grow their market share in a challenging environment.
Scarborough-based West African Resources has tapped investors for $35 million via a capital raising to progress its Sanbrado gold project in Burkina Faso.
ANZ is aiming to clean up its financial planning with new measures that include firing planners who give customers inappropriate advice and removing all sales incentives from its bonus structures.
Australians shares have opened comfortably higher thanks to strong gains in some commodities and after US stocks were buoyed by the release of US employment data.
The Australian dollar has made some small gains on the back of stronger US stocks that were supported by weaker than expected US jobs and wages growth.
Oil prices rose about two per cent on Friday, with US crude hitting its highest in more than three years, as global supplies remained tight and the market awaited news from Washington on possible new US sanctions against Iran.
Gold prices rose slightly on Friday as the US dollar backed off its highs, initially rising after US jobs data was weaker than expected. However the data was still strong enough to support the case for more interest rate increases.
Local tech company Parkd has appointed Robert Freedman to its board, while former KPMG partner Andrea Hall has joined Automotive Holdings Group as a non-executive director and Panoramic Resources has announced the appointment of Nick Cernotta to its board.
Startup hub The Growth Box has shut its doors in recent weeks, less than a year after opening, with project proponent the Malaga & Districts Business Association facing an uncertain future after 26 years in operation.
PODCAST: Mark Beyer and Mark Pownall discuss Belmont Park apartments, Lithium projects, Fringe Festival, Chris Sutherland, and BN's special report on universities.
Kwinana has been selected as the site for what is likely to be the fourth lithium refinery in Western Australia, with investment in the boom sector estimated to exceed $4 billion in the next few years.
The Building Commission has issued a warning to consumers about the financial status of registered building contractor ArchiApps, after receiving information prompting concerns over the company’s capacity to pay its debts.
Former Rising Stars award winner Harrier Human Capital has continued its rapid national expansion, winning a $15 million recruitment contract with AGL Energy.
AMP has revealed almost 16,000 of its customers paid fees for financial advice they did not receive, while arguing it "strenuously denies" recommendations it face criminal charges over the scandal.
