Japanese group Mitsui & Co. has announced a surprise $600 million takeover bid for AWE, trumping two existing bids for the oil and gas producer, with the main attraction being AWE’s Waitsia gas project north of Perth.
Oil prices rose on Friday after hitting fresh three-year highs in the previous session, as weakness in the dollar continued to underpin prices with crude on track for a weekly gain.
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AWE has urged shareholders to take no action on a takeover offer from the state-run energy giant China Energy Reserve and Chemical Group, which remains unchanged from its initial bid of 73 cents per share, after it lodged its bidder's statement.
GR Engineering Services says it will continue to pursue legal action against Eastern Goldfields in relation to a contract for refurbishment at the miner’s Davyhurst operation, despite the Supreme Court yesterday referring the matter to arbitration.
Not-for-profit organisation Dress for Success has secured a new six-month tenancy in West Perth, donated by local landlord Robert Harold McComb, via a listing with JLL.
A group of shareholders in life sciences company eSense-Lab has requisitioned a general meeting to remove three directors, including chief executive Haim Cohen, while also seeking to appoint MMJ Phytotech managing director Andreas Gedeon and Otsana Capital founder Faldi Ismail to the board.
Engineering and construction group Valmec has secured new contracts in the gas and infrastructure sectors worth $7 million, including work for APA Group at its Yamarna gas pipeline facility.
David Jones' South African owner Woolworths will take a $713 million write-down on the value of the department store chain as Australia's tough retail market bites harder into the business.
The Australian share market has opened lower following a night of mixed trading in the US and dips across Europe, with only resource and energy sectors showing real gains.
The Australian dollar is stronger against the US dollar as the greenback weakened further after the US Treasury Secretary spoke in favour of the trend.
Oil prices rallied on heavy volume, boosted by a record 10th straight weekly decline in US crude inventories, though reduced refining activity and rising production signalled US stocks could rise in coming weeks.
Financial advisers at the big banks have been found to be biased towards their employer's products, which in some cases has left their customers worse off.
West Perth-based ICON Engineering has teamed up with Norwegian company Neodrill to secure a subsea wellhead foundation contract at Woodside Petroleum's Ferrand exploration well in the Carnarvon Basin.
Shares in telecommunications provider Swift Networks rose nearly 10 per cent today after the company released strong half-year results that show increasing revenue growth and profit margins.
The number of enterprise bargaining agreements active in Western Australia fell to 1,592 at the end of September last year, about 30 per cent down on the mid-2015 peak.
Four Perth-based miners have tapped investors for more than $30 million, with Panoramic Resources raising $20.9 million for its Savannah nickel project in the Kimberley.