More than 17 per cent of homes sold in regional Western Australia in the first three months of the year were sold at a loss, according to research released today.
Perth mining services company Viento Group has foreshadowed strong growth in revenue and underlying earnings in the current financial year following a series of acquisitions.
FEATURE: While most of its peers have been taken over by larger companies, Perth-based mining software developer Micromine has stayed independent while building a global business.
Aquila Resources and Mineral Resources placed their shares in a trading halt this morning, ahead of an announcement regarding a “potential corporate transaction”, due Wednesday.
Fortescue Metals Group has signed a contract with a Chinese shipyard for the construction of four iron ore carriers that are even larger than the Cape size vessels currently in use in the industry.
Perth-based City Farmers has been sold for $205 million, just nine months after managing director Clayton Hollingsworth struck a deal for Quadrant Private Equity to pay $93 million for a major stake in the pet care retailer.
Palladium and platinum have continued to retreat as supply worries ease because of the prospect of a wage deal that could end a 21-week strike in South Africa.
US equity markets have finished the week with losses after a rising jihadist offensive in Iraq lifted oil prices to nine-month highs and stoked further concerns about Middle East stability.
Litigation funder Bentham IMF has recruited Ferrier Hodgson partner Andrew Saker as its new managing director, to replace company founder Hugh McLernon.
Tiger Resources has raised $20 million via a share placement earmarked for the expansion of its Kipoi copper mine in the Democratic Republic of the Congo.
The Australian share market has closed at its lowest level in two months after escalating violence in Iraq spooked investors and falling iron ore prices continued to pressure mining stocks.
Perth civil and construction company Whittens has signed a $25 million contract with NRW for concrete works at the Roy Hill mine site in WA’s Pilbara region.
In the latest twist for takeover target Aquila Resources, suitor Baosteel said it would not increase its $1.4 billion offer for the iron ore developer and that it would reconsider its 20 per cent shareholding in the company if the bid was unsuccessful.
Metals X has been forced to increase the price it is paying for Reed Resources' Meekatharra gold project to $9.9 million after administrators announced a surprise competing bid had been lodged just before a creditors meeting on Thursday.
The state government is looking at new ways to stoke tourism-related development on Western Australia’s coastline, with the Abrolhos Islands and Coral Bay identified as priority areas.
Calibre Group’s maintenance and construction subsidiary, G&S Engineering Services, has been awarded new and extended work on the Hay Point Coal terminal expansion for BHP Billiton Mitsubishi Al
In this week's edition of Business News Background, head of content Mark Pownall and news editor Mark Beyer discuss the top stories, including the Aquila takeover drama, the long-awaited restoratio
