The Australian Securities and Investment Commission has applied to the Federal Court to appoint a liquidator to local company Superfunded, owned by former financial adviser Mark Goldenberg.
Australian shares have ended higher, with the benchmark index closing above 6,000 points for the first time since February 5, supported by solid company results and rising bank stocks.
Three local mining contractors have released their half-year results today with mixed outcomes, as Ausdrill posted a big increase in profit while MACA and Swick Mining both registered a decline in profit despite increased revenue.
SPECIAL REPORT: Family owned smallgoods producer D’Orsogna is aiming to nearly double its annual sales after beginning development of a $66 million factory in Victoria.
SPECIAL REPORT: Gina Rinehart’s Hancock Prospecting and its subsidiary, Roy Hill Holdings, have moved to the top of the Business News annual ranking of private companies in Western Australia, as their surging revenue put them ahead of building company BGC Australia.
SPECIAL REPORT: Kylie Radford has built Morrison into a highly regarded fashion brand over more than 15 years, so it’s a little surprising to hear the way she talks about the current business environment. Click through to read about the growth strategies of Kylie and other local business owners
Automotive Holdings Group has selected current director Rob McEniry to replace outgoing chairman David Griffiths, while England-based Sebstian Coe will become a non-executive director at Fortescue Metals Group.
Vocus chief executive Geoff Horth has left the company by mutual agreement with the board, a week after the telco posted a sharp fall in profit and cut its outlook.
International retail giant Costco is planning to build its first store in Western Australia, at Perth Airport, located alongside the giant DFO Perth store currently under construction.
Oil prices have risen to their highest in more than two weeks, supported by the shutdown of the El Feel oilfield in Libya and upbeat comments from Saudi Arabia that an OPEC-led effort to cut stockpiles is working.
Gold has eased, heading towards its biggest weekly decline in two-and-a-half months, as the US dollar climbed from last week's three-year low on the back of higher US Treasury yields.
Luxury home builder A Di Bucci & Son has won top prize at the 2018 Master Builders-Bankwest Housing Excellence Awards, which were held over the weekend at a black-tie event at Crown’s Grand Ballroom.
PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss Langoulant review, government CIO, apartment developers, private business including Morrison, Hancock and D’Orsogna.
Commonwealth Bank has denied liability in a shareholder class action alleging it breached continuous disclosure obligations with its handling of an Australian Transaction Reports and Analysis Centre investigation into its compliance with money-laundering and terrorism-funding laws.
The Australian share market has made solid gains after a strong lineup of company earnings results briefly drove stocks above 6,000 points on Friday before closing just shy of the mark and up 1.6 per cent for the week.
The Western Force has moved swiftly to appoint Brad Paatsch as its commercial strategy boss, weeks after he was let go as the chief operating officer at Optus Stadium.
Japanese company IDOM will take over the day-to-day operations of DVG Automotive Group after chief executive Lou Divirgilio stepped back to focus on his role as chairman.
Black Swan State Theatre Company has today announced chairman Mark Barnaba will stand down in April to be succeeded by current board member and Minderoo Foundation chief executive, Nicola Forrest.
The state government will review the security of payments for local subcontractors, while also establishing an industry advisory group, chaired by experienced barrister John Fiocco, to facilitate the review.
Western Australia has slipped in the latest rankings of an international survey that measures the impact of government policy on exploration and mining investment.
Shares in West Perth-based Raiden Resources (previously SubZero Group) enjoyed strong gains today after they started trading on the ASX, following a two-year restructuring of the company and acquisition of a copper-gold project in Serbia.
Barnaby Joyce will step down as deputy prime minister and from cabinet on Monday, three weeks after it was revealed he had had an affair with a former media adviser.
The corporate watchdog has banned Perth-based financial adviser Philip Leake from providing financial services for the next five years after he was found to have given poor advice to a number of clients.
Perth-based Automotive Holdings Group has flagged a slight reduction in profit for the half year, but the company said it had noticed increased confidence in the Western Australian car market.
