Gold has eased as investors cashed in some of the previous day's two per cent gains, though expectations that rock-bottom interest rates would persist served to keep prices above $US1,225 an ounce.
This week we discuss markets improving, iron ore and FMG, who has won the airport rail line project, 24-hour supermarkets, Rotto, Gary Gray, CBH Group and professional services.
Creditors of failed investment bank Lehman Brothers (Australia), including about 10 local councils in Western Australia, are likely to get a return of about 80 cents in the dollar after reaching a settlement with the owner of ratings agency Standard & Poor’s.
Local gold miners continue to prove there is still money to be made in Western Australia’s resources playground, with Northern Star Resources, Metals X, Ramelius Resources and Saracen Mineral Holdings all closing higher on the ASX.
The future of a not-for-profit drug and alcohol rehabilitation centre considered among the strictest in Australia is in doubt due to a planning dispute.
The impact on economic development and power prices from a sale of the state’s electricity network could be managed by a strong regulatory framework, Premier Colin Barnett said today, as he continued to reassess his view on the ownership of Western Power.
Premier Colin Barnett has ruled out any further state tax increases in the upcoming budget, and has said the government might look at reviewing land tax aggregation, at this morning’s Business News Success & Leadership breakfast.
NRW Holdings emerged from a trading halt this morning with its share price nearly tripling in value on the back of news yesterday that its joint venture with Salini Impregilo had been named the preferred contractor for the $2 billion Forrestfield-Airport Rail link.
Profit has soared at Australia's biggest private health insurer Medibank Private, thanks to premium rises and a crackdown on improper health insurance claims.
Automotive Holdings Group has posted a solid half-year result with profit and revenue up, driven mostly by the company’s retail business but offset by its logistics divisions.
Energy giant Santos says it can withstand a prolonged slump in oil prices despite taking an eye watering $2.7 billion full-year loss due to $2.8 billion in write-downs.
Wall Street closed lower on Thursday, ending a three-day winning streak, as Wal-Mart shares dragged on the market after a lacklustre earnings report and oil prices pulled back.
Gold prices have risen just over two per cent, reversing earlier losses and lifting silver, as US equities resumed their downward spiral, renewing bullion's safe-haven appeal that has spurred the market's biggest rally in years.
Shares in miner and contractor Mineral Resources were up 13 per cent today after it announced dividends of 8.5 cents per share, about 60 per cent larger than what it committed to in November.
Watpac has revealed the financial impact of a dispute with BC Iron and declining work at Pluton Resources’ Cockatoo Island project, including $41.7 million worth of write-downs.
BrainChip Holdings shares surged upwards 25 per cent today upon news it had developed advanced technology capable of learning, unsupervised, at high speed.
Perth contractor NRW Holdings has had a major boost, with the state government selecting the company's joint venture with Italy’s Salini Impregilo as preferred contractor for the $2 billion Forrestfield-Airport Rail Link.
Mineral sands miner Iluka Resources has made good on its commitment to invest further in UK technology company Metalysis, announcing today a $12.2 million injection into the business with plans for another $8.1 million soon.
January brought a major reduction in the Western Australian unemployment rate, down 0.4 points to 5.9 per cent in seasonally adjusted terms, according to the Australian Bureau of Statistics, with a record number of women in jobs.
Automotive Holdings Group has won regulatory approval for the sale of its Covs Parts business after agreeing to retain four regional stores, and has also expanded its east coast operations through another acquisition in Melbourne.
Telstra is on track to hit its annual financial guidance despite the telecommunications giant posting a flat first half net profit amid intense competition.
