Stokes bid inaction blamed for WAN share slide; Coles returns to WA beef; Credit fears weigh on Wall Street; Big Business demands budget cuts to ease inflation; JB Hi-Fi upbeat despite 16% slide
Iron ore newcomer Fortescue Metals Group Ltd is sticking to its May 15 deadline for its first shipment, denying speculation that its debut delivery could be as late as August.
The Australian stock market failed to follow Wall Street's higher lead overnight, with the benchmark index falling below the 6,000 mark, leaving investors nursing the weakest start to new year trading for 17 years.
Marine engineering services group Neptune Marine Services Ltd has gone ahead with a share purchase plan seeking more than $23 million to primarily fund the recent acquisition of the Sea-Struct business.
Funds associated with New York commodities hedge fund player Ospraie Management LLC have emerged with substantial stakes in two major Western Australia companies, both outside the group's previous purely mining focus in the state.
New figures reveal that the median Perth house prices rose 1.1 per cent to a record $466,000 in the December quarter, slightly higher than the previous peak recorded in the March quarter last year.
Wesfarmers debt concern; Investors melt down Alumina; Labor to dump takeover tax; Inpex signals cost blowout may delay Ichthys LNG project; Clough hints at surprise turnaround to black ink
Mount Magnet South NL has acquired the Curara Well gold mine and other tenements in the Mt Magnet region of Western Australia for $5 million from Equigold NL.
Perth-based iron ore exploration and development company Australasian Resources Ltd has strengthened its management team with the appointment of Stephen Abbott to the newly created position of general manager.
Hopes for change at AWB hit as farm groups dig in; ASIC summons Centro for talks; CBA lifts rates as banks come under more fire; Stockland to pocket big profit on Karrinyup sale; Warning over power blackouts
As student enrolments are finalised for the new academic year, Western Australian universities are on track to meet their targets, despite a continuing decline in the number of applications from mature aged students.
The state government is looking to open a Small Business Training Institute in Perth later this year to provide small business managers and owners with access to a one-stop-shop business training facility.
Some charities and non-government agencies in the human services sectors are set to benefit from a boost in funding, after a revision of the state government's indexation policy delivered an extra $36.3 million for organisations over the next three years.
The holiday season is usually a slow news period, but one very important announcement that came out between Christmas and new year was the state government's mid-year budget review.
Barrack Street Jetty's Halo restaurant has secured the services of Shane Keighley, the renowned head chef at the Mullaloo Beach Hotel's Panorama Bar & Restaurant.
State Scene hopes opportunities arise during 2008 that will enable a historical assessment of recent contemporary events, making them more meaningful in the wider context.
An informal survey of investment bankers and corporate advisers has highlighted Wesfarmers' $20 billion takeover of Coles Group as the top deal of 2007.
Patersons Securities posted a record $1.26 billion dollars in capital raisings last year, up more than 50 per cent on the previous year and a result that has returned the Perth-based stockbroker to the top position for equity capital raisings during 2007.
Western Australia's commercial office market notched up almost $1 billion in sales last year, and while some analysts predict the same heights may not be reached in 2008, market fundamentals indicate that strong growth is likely to continue.
The performance of WA's industrial property market during the past 12 months has more than matched the commercial sector, with record sales and rents being generated, although prices are tipped to level out as more supply comes on to the market in 2008.
PEET Ltd has launched its wholesale funds management business with the completion of a $300 million wholesale land syndicate for Alkimos, 40 kilometres north of Perth.
The Melbourne-based builder behind Perth's iconic $1.3 billion Capital Square apartment development on the former Emu Brewery site, Contexx Pty Ltd, has pulled out of the project, leaving developer Saville Australia to negotiate a new contract.
The crisis in the US housing market has led to mounting concerns about the global economic outlook, but recent analyses have concluded that Western Australian exporters have little to worry about.
