Commonwealth Bank of Australia has lifted first half cash profit 3.92 per cent to a record $4.804 billion, but has decided against increasing its interim dividend.
Gold has turned higher but hovers beneath the previous session's seven-and-a-half-month high of $US1,200 an ounce, buoyed by risk aversion as equities remain volatile and the dollar extends losses.
Global oil supply fell by 0.2 million barrels per day in January, while falling demand growth and resilience of high cost suppliers could lead to continued downward pressure on prices, according to the International Energy Agency.
There is little immediate prospect of the state government expanding its current $5 billion asset sales program, despite Premier Colin Barnett seeming to flirt with the possibility this week.
Professional services firm KPMG inked its 11th acquisition in the past two years today, announcing the purchase of Melbourne-based Markets IT for an undisclosed sum.
Murchison-focused gold miner Ramelius Resources expects to report a boost in net profit to $28.7 million for the six months to December, on the back of increased sales.
The state government’s asset sales program has taken a step forward today, with Gresham Advisory Partners appointed as lead adviser for the partial sale of Keystart’s loan book.
The owners of egg producer Golden Egg Farms are set to reap a big profit after striking a deal with apartment developer Finbar Group for a $109 million project in Palmyra.
Renewed fears about slowing global growth have wiped $47 billion off the value of the Australian share market, which suffered its biggest fall in more than four months.
Crescent Capital Partners-controlled National Dental Care has entered the Western Australian market through the acquisition of Perth-based DB Dental for an undisclosed sum.
Perth-based explorer Image Resources has entered into an agreement for the purchase of a wet concentration plant, and an offtake deal for product from its Boonanarring mineral sands project near Gingin, with a Chinese zircon company to emerge as a major shareholder.
Cash Converters International has secured a new $100 million loan with Fortress Investment Group to support the lender and second hand good retailer's future growth.
A Newcrest Mining worker is believed to be trapped nearly 300 metres underground at the company’s Gosowong gold mine in Indonesia, after a ‘geotechnical event’ triggered a rock fall.
The Australian share market has opened more than 1.5 per cent lower following sharp overnight falls in New York as investors fret over global economic growth prospects.
The price of gold has jumped two per cent to a seven-and-a-half-month high, briefly nudging above the psychological level of $US1,200 an ounce, as sliding stock markets and worries over global economic growth prompt investors to seek safety.
The state government is facing a period of tough negotiations with Perth’s AFL clubs over access to the new Perth Stadium after rejecting a bid by the WA Football Commission to be involved in running the venue.
The company operating Australia's Nauru and Manus Island detention centres has had its contract extended but is no longer the sole preferred bidder for the next five-year deal.
