Engineering and infrastructure services outfit Downer EDI has expanded its mechanical, construction and maintenance business with the acquisition of Kwinana-based Western Construction.
Gillard delays pain on penalties; Crown jewels turn to paste; PM revamps stimulus package; Virgin Blue posts $160m loss; Mining services groups surprise on the upside
Audax Resources has completed a capital raising worth more than $2.5 million from sophisticated and institutional investors, including a London fund and clients of another London firm for a drilling program in Tunisia.
Gold miner Resolute Mining Group has turned last year's $56 million loss into an after tax profit of $27.4 million in FY2009, including an unrealised treasury gain of $1.1 million, on the back of increased revenues, production and gold cash costs.
Automotive Technology Group has formed an agreement with Perth businessman, Michael Wilson to raise up to $6.2 million for the company in a two-part deal involving an entitlement issue and a share
Modular and transportable buildings manufacturer, Nomad Building Solutions posted an overall profit of $13.3 million following the economic downturn negatively impacting its clients' investment decisions and an impairment charge of $6.8 million.
Wesfarmers today announced two new board appointments including Perth-based Diane Smith-Gander and retail expert Archie Norman, as well as changes to its corporate affairs team.
Nickel miner and metals explorer, Independence Group has posted a profit of $16.1 million for the year to June 30, down almost 69 per cent per cent from last year's result of $51.5 million as falling production and spot nickel prices affected revenues.
After superannuation funds were hammered at the hands of the global economic downturn, it seems Western Australians are the most reluctant to believe their retirement nest eggs will ever return to their former glory, a survey has found.
Shares in engineering and construction company, Decmil Group finished stronger today after posting a record profit of $10 million, up from just $55,000 the previous corresponding period, after securing substantial contracts with global clients.
Junior gold producer, Troy Resources has made a remarkable recovery after suffering a severe loss last year, posting a $16.7 million profit amid enhanced gold production and increased revenue.
Marine engineering outfit, Neptune Marine Services has posted a profit of $21 million for the year to June 30, an increase of almost 200 per cent on the previous year's $7.4 million thanks to its diverse service offering and strong revenue gains.
Gaming group Crown posted a loss of $1.2 billion FY2009 after writing down the value of its US assets due to the downturn but says it will focus on its Australian and Macau assets following strong performances from its Burswood and Crown casinos.
Shares in diversified miner OZ Minerals have fallen almost five per cent this morning after posting a heavy first half loss, following the sale of many of its assets and a lower copper price, but says it is in a strong financial position.
Sage chases backing for $200m Lady Annie float; Australia Post in $700m shake-up; Media moguls face off; PM's cash cure fails to lure nurses; Long haul for Asciano with gloomy outlook
LANDCORP believes it has a handle on the housing shortage in the Pilbara, despite negotiations being terminated on a significant residential development in Karratha.
MANY of the misconceptions about e-commerce technology and the potential benefits to the corporate world have been re-evaluated since the dot.com crash of 2000.
NOBODY should be too concerned about the differences between partners in the $30 billion Browse LNG project over how the venture should be developed, according to Woodside Petroleum chief executive Don Voelte.
WESTERN Australian regional powerbroker Brendon Grylls said he would not prop up the Muresk agricultural college with funding unless it had a long-term future.
LOCAL firm Kellabox has released a portable, self-contained data centre that effectively eliminates the need for a server room to house a business's networking equipment.
IF deteriorating income streams and skyrocketing costs weren't enough, charities are now bracing for a tougher year ahead with an expected surge in demand for services through 2010.
AT least 2,700 Australians who borrowed money to invest in Great Southern and Timbercorp schemes are refusing to make loan repayments, with their stance soon to be tested in the courts.
A SPATE of transactions in the mortgage market has left Perth-based Australian Finance Group one of the few independent aggregators standing in what is now a big bank-dominated sector.
PROMINENT local advisory firm Oakvale Capital has dismissed suggestions it is at fault for the multi-million losses suffered by a former client, as the Perth firm is taken to court over a claim for close to $10 million.
