Marine-focused engineering business VEEM has enjoyed a solid debut on the ASX today, with shares closing 20 per cent higher on its initial public offering price.
Carnegie Wave Energy has wholly acquired solar power and lithium battery storage provider Energy Made Clean by purchasing the 65 per cent stake it didn’t already own.
Local waste management company Tox Free Solutions has entered into an agreement to buy medical waste solutions business Daniels in a cash, scrip and debt deal worth $186 million.
A combination of investor caution ahead of key local economic data and downward cues from Wall Street has pushed the Australian share market into the red in early trade.
Gold has risen to an almost-three-week high as the US dollar retreated from multi-month highs and physical demand rose before India's late-October festival season.
Oil prices have fallen more than one per cent with US crude settling below $US50 per barrel for the first time in a week ahead of data likely to show a build in domestic inventories.
US stocks slipped from two-week highs on Tuesday as results and forecasts from companies in sectors, including housing and consumer products, failed to live up to expectations.
Copper and gold miner Sandfire Resources has increased its stake in Montana-based copper play Tintina Resources by 4 percentage points to 61 per cent in a $C4.2 million ($4.1 million) deal.
Gina Rinehart's Hancock Prospecting has announced a $US300 million ($A395 million) investment in a UK-based fertiliser business chaired by former Fortescue Metals Group deputy CEO Russell Scrimshaw.
Western Australia’s peak business group is facing competition for members after the Australian Industry Group established a Perth office, shortly after ending a commercial alliance with the Chamber of Commerce and Industry of WA.
Port Hedland's council hopes the Pilbara town will become a genuine tourist destination, after the state government committed $112 million towards a $152 million marina development today.
The Australian share market has closed higher, led by the financial sector, as investors start to feel bullish ahead of earnings reports from three of the big four Australian banks.
Mineral Resources and Pilbara Minerals have resolved their offtake dispute for the Pilgangoora lithium project, with MinRes to surrender its entitlements in return for a $50 million stake in Pilbara.
Perth-founded natural paint manufacturer Bauwerk Colour is expanding its international operations with construction of a new factory in its biggest market, Saudi Arabia.
PHOTO ESSAY: A three-year journey to transform a South Fremantle warehouse into one of the port city’s largest public artworks is nearing its end, with the final touches to be applied to the East West Design furniture store on Marine Terrace by the end of the year.
Southern Cross Electrical Engineering shares lost nearly a quarter of their value today after the company warned of a $2 million loss for the six months to December.
Gold prices have slipped as the US dollar has strengthened to a fresh near nine-month high on growing speculation that the US Federal Reserve would lift its key interest rate in December.
Oil prices have dipped, with US crude briefly falling below $US50 per barrel, on news of the impending restart of Britain's Buzzard oilfield and Iraq's wish to be exempted from OPEC production cuts.
