Business News

An internal investigation is under way at the corporate watchdog over the collapse of investment company Sterling First, which Business News first revealed had entered administration last month.

Perth’s Telethon Kids Institute has announced former foreign affairs minister Julie Bishop will be its next chair.

Bronwyn Barnes and Richard Watson have been appointed non-executive directors of Synergy. Ms   Barnes is a prominent company director and Mr  Watson is an economist

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MACA will provide a $12 million working capital facility for an expansion of Blackham Resources' Matilda-Wiluna operation.

Programmed has announced Chris Sutherland will retire as managing director in September, to be succeeded in the role by Glenn Thompson.

Fraser Range Metals has advised of the resignation of Glenn Whiddon, and the appointment of Zane Lewis, as non-executive director.

Perth’s inferiority complex is holding it back from potential growth and development, as it is viewed to be as appealing as Australia’s largest cities, a new report has found.

BARD1 Life Sciences has appointed Max Johnston and Philip Powell as non-executive directors.

Cancer-focused medical technology company BARD1 Life Sciences has raised around $7.5 million via a share placement and rights issue, and has appointed two non-executive directors to its board.

Wangara-based Fleetcare has struck a $150 million deal with an undisclosed major Australian bank, which it says will pave the way for additional growth.

Shaw and Partners has acquired Perth-based financial advisory and planning firm DJ Carmichael, which has approximately $650 million funds under its advice.

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Shares in Pilbara Minerals have fallen up to 10 per cent today after June quarter sales from its Pilgangoora project are expected to be lower than originally anticipated, due to construction delays by its offtake partners.

Prospect Resources has raised $5.2 million via a share placement and share options exercise, with the funds raised to be utilised for general working capital.

Zelda Therapeutics has announced that on of its directors Mara Gordon, has sold 35.5 million shares.

AusGroup and Southern Cross Electrical Engineering have each announced several contract wins, each worth a combined figure of around $25 million.

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The Australian Securities and Investments Commission has cancelled the credit licence of mortgage broker Rochelle Anne Weinert, who was involved with the ill-fated Macro Group.

Fortescue Metals Group has signed a conditional farm-in and joint venture agreement with Perth-based Tasman Resources for an exploration project in South Australia.

The state government has announced new regulations to help boost lamb exports, which hit a record $306 million in 2018.

The Department of Education has awarded two contracts worth $7.2 million and $1.9 million to Perth-based IT company ASG Group for the ongoing use of its Oracle technologies.

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The ACCC is examining whether a proposed takeover of Ruralco Holdings by a Canadian fertiliser giant could reduce wholesale competition and lead to discrimination against some independent retail stores.

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Macmahon Holdings has flagged the possibility of a $25 million to $35 million provision against its contract at the Telfer gold project amid ongoing negotiations with the project’s owner Newcrest Mining.

Perth-based ICT company Velrada is on track to hit $40 million in annual revenue after winning a multi-year contract in Victoria with Club Assist, the world’s largest mobile automotive battery retailer.

Australian Mines has launched an underwritten share purchase plan, with the funds raised to advance its Sconi project.

The Australian Securities and Investment Commission has begun civil proceedings against Perth-based RM Capital, alleging that an authorised representative for the firm was engaged in conflicted remuneration.

Emeco Holdings expects its earnings for this financial year to rise by nearly 40 per cent compared with the prior corresponding period.

Premier Mark McGowan announced this morning that South Metropolitan TAFE will begin offering automation courses from semester two, 2019, the first of such nationally recognised qualifications available in Australia.