Latest Headlines

A national think tank has called for tax cuts, better urban planning and the privatisation of the state's rail network and electricity generation ahead of the state election next month.

Macmahon Holdings Ltd has further strengthened its takeover bid for Ausdrill Ltd, waiving several conditions and allowing shareholders to keep the final six cents dividend.

The downturn in the financial sector has hit West Perth-based financial services company Centrepoint Alliance Ltd, which today reported an $11.8 million goodwill writedown and a full year net loss of $9.5 million.

Despite forecasting a profit growth in excess of $40 million for the 2008 financial year, Western Australian property developer Port Bouvard Ltd has reported an 88 per cent slump in net profit to $3.2 million.

The future of Troy Buswell is in doubt after Liberal leader Colin Barnett refused to say if the former opposition leader will be included in the cabinet if the party is elected.

A number of acquisitions over the 2008 financial year have driven Cash Converters International Ltd's net profit up 31 per cent to a record of over $15 million.

Premier Alan Carpenter's pledge to impose a legislative ban on uranium mining has prompted an outcry from mining lobby groups and the traditional owners who hold land rights over the major Kintyre uranium deposit.

Fremantle-based oil and gas services company Mermaid Marine Australia Ltd has reported a net profit of $17.9 million for the 2008 financial year, up 43 per cent on the previous corresponding period.

Gage Roads has posted a net loss after tax of $3.62 million for fiscal 2008 compared to $3.07 million in 2007, reflecting increased marketing and personnel expenditure against a background of flat sales growth.

Rio's electricity division is the conduit that may give BHP hope; One senator holds key to North-West tax grab; Opes Prime takes toll on small brokers, stock lending; Woolies' new card will trail shoppers; Fairfax sheds 550 jobs and quality journalism

West Perth-based intellectual property group ipernica Ltd has reported a record net profit after tax of $15 million for the 2008 financial year, up 244 per cent on the previous year.

The managing director of earthmoving and mining equipment supplier Emeco Holdings Ltd has described the company's full-year performance as a "tale of two halves" as it booked a net profit decline of 10 per cent.

The state Labor Party has sought to capitalise on community concern over uranium mining, promising to introduce legislation banning the controversial practice if re-elected next month.

Despite a challenging year for the financial sector, Perth-based Police & Nurses Credit Society has reported a slight fall in group net profit to $19 million for the 2008 financial year.

After four years as the Association of Mining and Exploration Companies' chief executive, Justin Walawski has today resigned.

Uranium miner Paladin Energy Ltd has decreased its full year net loss to $42 million on the back of an improved performance from its Langer Heinrich uranium mine in Namibia.

Unprecedented growth in the Pilbara region looks set to continue according to new population projections from the Pilbara Industry's Community Council.

An increase in marketing and personnel expenditure against a background of flat sales growth has prompted Gage Roads Brewing Co Ltd to post a full year net loss of nearly $4 million.

Transfield Services has secured a $120 million three-year contract to provide asset management services to BHP Billiton Nickel West in Western Australia.

Babcock and Brown Infrastructure Ltd has reported a full year net loss of $51 million and a cut in distributions, despite acquisitions over the past year including Alinta boosting revenue up 85 per cent.

Shares in agribusiness investment manager Great Southern Ltd jumped briefly higher today after a major restructure proposal to create a company with three business streams.

It's a win-win situation for iron ore hopeful Golden West Resources Ltd and Yilgarn Infrastructure Ltd following a rail and port deal in the state's Mid West region.

Yilgarn back in port play on Golden deal; Ailing Centro bids to extend life support; Condensate tax added to Lib hit list; Minister hides key gas crisis evidence; US investors get direct access to local shares

West Perth-based developer Cedar Woods Properties Ltd has beaten its earnings forecast, today posting a net profit of $21 million for the 2008 financial year, an increase of 11 per cent from the previous year.

Alumina Ltd plans to raise up to $910 million through a pro rata entitlement offer to fund expansion plans for its joint venture projects in Brazil to meet growing global demand.

Economic forecaster BIS Shrapnel has forecast a return to strong economic growth in the medium-term, once the current episode of ‘overdone pessimism’ has receded.

Premier Alan Carpenter and opposition leader Colin Barnett have played it safe in a pre-recorded debate to be aired tonight, with no fiery arguments or any new policies announced.

Perth-based Iluka Resources Ltd will capitalise on the high Chinese demand for zircon with a commitment today to spend a further $210 million to boost production at its Victorian projects.

The state Liberal Party is slowly closing the gap on the Carpenter government in the upcoming state election, according to punters with Sportingbet Australia.

Oil and gas producer Amadeus Energy Ltd's bottom line has been impacted by adjustments to its hedge portfolio, with the company reporting a full year net loss of $1.3 million.

Client demand, improved margins and tight control of overheads have led Southern Cross Electrical Engineering Ltd to beat its prospectus pro forma earnings forecasts for the 2008 financial year.

East Perth-based North Australian Diamonds Ltd's plan to raise $6 million could face a hurdle from a major shareholder, which has filed an application to the Supreme Court to prevent the initial allotment.