SPECIAL REPORT: Local firms Azure Capital and Hartleys punched above their weight in 2015 in what was a lucrative year for a handful of top corporate advisers in WA. Click through to see which corporate advisers, lawyers and brokers managed 470 M&A and capital raising deals.
Woolworths is abandoning its multi-billion dollar foray into the Australian home improvement market following years of losses, putting 7,000 jobs at risk.
Gold has risen nearly two per cent, after dropping for four of the previous five sessions, as a weaker US dollar and falling equity markets underpinned demand for assets perceived as safer.
Woolworths is understood to have finalised a deal to open a new supermarket in the southern suburb of Coolbellup, which will underpin a $65 million apartment development at the former Coolbellup Hotel site.
Apartment development at the northern gateway to Fremantle is gathering momentum, with listed player Mustera Property Group joining the fray, more progress for projects along Queen Victoria Street, and a $20 million, 71-apartment development application being lodged for a project on Beach Street.
This week Mark Pownall and Mark Beyer discuss apartments, Aurora gas team, Wesfarmers buy, more troubles for iron ore, the Palace Hotel, and the big deals of the past year.
Australian Reliance has become the third major insurance broker in Western Australia to change hands in the space of five months, with newly listed company PSC Insurance Group agreeing to buy the Perth-based group.
The battle for control of Aditya Birla Minerals has intensified, with bidder Metals X extending its $68 million takeover offer to late February while accusing the target of lacking transparency around expenses.
Chevron Australia has moved another step closer to completion of the Gorgon gas project, with a commissioning LNG cargo arriving at Barrow Island to cool down the storage and loading facilities prior to commencement of exports.
WA chief executives are hoping a federal election year and a new direction from Malcolm Turnbull will ignite reforms needed to get the state moving again, according to the latest CEO survey by Business News.
Bentley-based biotech company Recce has popped the cork on its first day of trading on the ASX, following completion of a $5 million initial public offering.
Mining giant BHP Billiton will write down the value of its onshore US oil and gas assets by more than 30 per cent as it factors in the slump in crude oil prices.
The Australian share market has opened higher, driven by resource and financial stocks after a strong performance on Wall Street as the US earnings season got off to a strong start.
Gold has fallen sharply to a one-and-a-half-week low, pressured by a US Federal Reserve president's comments about potentially rethinking further rate hikes, triggering technical sell signals while
Grain handler CBH Group has revealed an $82.7 million net profit for the 2014-15 year, although its storage and handling business performed much better than the larger trading arm.
