An international hedge fund holding 4.1 per cent of the shares in BHP Billiton's UK-listed stock wants the global miner to scrap its dual listing in Australia and the UK and spin-off its US petroleum business for listing on the New York share market.
Doubt has been cast over a wave of proposed apartment and hotel developments, with a patchy sales market forcing developers to apply for extensions to planning approvals for hundreds of millions of dollars’ worth of projects.
The Australian share market has hit its highest level in two years amid investor optimism after events in Syria did not escalate and a range of other positive economic developments.
A research collaboration between CoreLogic and ratings agency Moody’s has predicted a turnaround in Perth’s depressed property market this year, with a 2.8 per cent rise in detached house values foreshadowed.
Former Australian Wheat Board chairman Trevor Flugge has been fined $50,000 and barred from managing corporations for five years, after he was convicted in December of breaching his duties as a director while the company was making questionable payments to the government of Iraq.
The new chief executive of HBF believes his international experience will help the not-for-profit health fund grow and prosper in the current challenging market conditions.
SPECIAL REPORT: Western Australian stockbrokers and companies raised nearly $1.1 billion in 104 transactions in the March quarter, with gold deals being a major driver of activity, according to new data compiled for the BNiQ Search Engine.
SPECIAL REPORT: The mergers and acquisitions market was eventful in the March quarter, with Chinese and private equity investors to the fore, multiple WA businesses on the block, and a surprise advisory switch on a key takeover.
Global Construction Services hopes to gain more exposure to the commercial construction sector on the east coast through the acquisition of a Melbourne-based business for $18.4 million in cash and scrip.
Western Force chief executive Mark Sinderberry is urging fans to put their money where their mouth is after the threat of the club's extinction intensified over the weekend.
Gold has hit a five-month high after US jobs data dampened expectations that the US Federal Reserve would raise interest rates and amid rising global security tensions.
The potential axing of the Margaret River Pro from the World Surfing League’s Championship Tour has done little to dampen the outlook for the region’s surfing economy.
Oil prices have risen, trading near a one-month high and closing the week up 3 per cent after the United States fired missiles at a Syrian government air base, raising concern that the conflict could spread in the oil-rich region.
In this Business News podcast, Mark Pownall and Mark Beyer discuss property in Scarborough, Claremont, Elizabeth Quay and the Hyatt, Private capital boosts HealthEngine and Muscleworx, distilleries win gongs and March quarter deals environment.
A taxi levy to buy back plates could be a major administrative headache for the sector and punish more efficient players, according to Ingogo chief executive Hamish Petrie.
The Australian share market and the dollar have recovered after coming under pressure following shock US missile strikes on Syria, which sparked a surge in world oil and gold prices.
Waste water treatment company De.Mem has debuted strongly on the Australian Securities Exchange, after completing a $4.5 million initial public offering.
Perth Lord Mayor Lisa Scaffidi is unrepentant after she and and two of her factional allies were censured over a public rebuke of the council's deputy.
Georgiou Group will build Tianqi Lithium’s new Australian headquarters, under a deal worth $17 million with the Chinese lithium miner’s head contractor, for its $400 million processing plant in Kwi
Neometals hopes to reap about $US96 million ($A125 million) from the sale of its interest in the Mt Marion lithium mine near Kalgoorlie, with the operation’s joint venture partners given a pre-emptive right to buy the stake.
A string quartet from the West Australian Symphony Orchestra will exchange its Perth Concert Hall home for a natural stage in the Kalamina Gorge next week for the 2017 Karijini Experience.
