Aurora Capital has abandoned its planned takeover of Yowie Group and says it would instead support winding up the Australian chocolatier if management cannot plot a convincing near-term turnaround strategy.
Oil prices edged higher overnight supported by rising tensions between the US and its allies and Iran and a big decline in US crude stockpiles, but gains were capped due to lingering worries about slowing economic growth that could reduce fuel demand.
Gold fell one per cent overnight to touch a one-week low as robust US economic data outweighed the European Central Bank's decision to hew to an accommodative monetary policy, with investors focusing on next week's Federal Reserve meeting.
The international owners of Cobham Aviation Services, which is one of the major players in the FIFO charter market in WA, have announced a strategic review that could lead to new ownership.
The Australian share market has moved higher for a third straight day, with the All Ordinaries index breaking through its all-time peak set nearly a dozen years ago.
Updates from two WA lithium miners today have highlighted the extent of the supply glut in the industry, with Pilbara Minerals confirming it will scale back production and Alita Resources launching a strategic review.
Fortescue Metals Group anticipates slightly higher iron ore shipments in the 2020 fiscal year, but the iron ore miner also flagged higher production costs, which it put down to inflationary and haulage pressures.
The Shire of Peppermint Grove has been strongly criticised in a Supreme Court ruling that found it mishandled the listing of heritage properties, and specifically a prominent house on the Swan River foreshore.
Main Roads Western Australia has awarded a $200 million panel contract to eight engineering businesses, with US-based KBR the only new addition from the previous contract.
With Cancer No Bueno having raised awareness and funds for the Leukaemia Foundation since 2014, the event’s directors will step away this August and let us others continue their work.
OPINION: Paul Papalia’s task to increase local, national and international tourist numbers and spending remains a work in progress, but signs are positive.
New data from the Australian Institute of Company Directors shows that women make up only 29.7 per cent of directors on ASX 200 boards, with WA’s NRW Holdings and Emeco Holdings among four companies that have no women on their boards.
Business News would like to formally retract an article published last week, which stated that building supplies group Innovative Building Services had entered a joint venture with insulation supplier Australasian Insulation Supplies Pty Ltd (AIS).
The competition watchdog has accepted AP Eagers' proposed takeover of rival car dealer Automotive Holdings Group, on the condition AP Eagers sells its dealerships in Newcastle and the Hunter Valley region.
Oil prices fell one per cent overnight, failing to draw lasting support from a large decrease in US crude stockpiles as investors worried about global oil demand.
Gold gained overnight en route to snap a three-session losing streak on expectations the US Federal Reserve and other major central banks would adopt a dovish approach to monetary policy while silver soared to a more than one-year high.
The Australian share market has surged on hopes the US and China will reached a trade deal, with the All Ordinaries index hitting its highest closing price ever.
Fremantle-based MMA Offshore will acquire Neptune Marine Services in a cash-and-scrip deal worth around $18.5 million, as it seeks to expand its services business.
Woolworths has offloaded a recently built Banksia Grove shopping centre for $27 million, with an unnamed Singaporean investor securing the asset after a highly competitive sales campaign.
OPINION: The most effective school leaders know how to work cooperatively with the members of their team, even welcoming dissent, to achieve optimal outcomes.
Facilitating the biggest construction project outside of WA’s resources sector has been a complex undertaking for Rowe Group subsidiary Proven Project Management.
