Phylogica has announced a commercial collaboration with Lions Eye Institute trading under the name Vision Pharma, bringing the biotechnology company a step closer to commercialising its drug delivery technology.
Iconic Aussie sportswear brand Rip Curl has agreed to be acquired by Kathmandu in a $350 million deal that will create a $1 billion Australasian surfing and outdoor adventure company.
Oil prices fell overnight on fading concerns of supply shortfalls and conflicts in the Middle East as global benchmark Brent posted its biggest quarterly loss this year on demand fears due to the escalating US-China trade conflict.
Platinum plunged more than 5.0 per cent and gold shed 2.0 per cent overnight, leading a sharp decline across precious metals driven by a soaring US dollar, with deficit-hit palladium too giving up some gains from a record rally in which it breached $US1,700 per ounce.
Eddy Haegel has made a career breathing new life into struggling assets at BHP, including the revival of the mining giant’s nickel business; sharing his story at a Business News breakfast today, he was also bullish about the potential to develop more downstream processing of battery minerals in WA.
Kalgoorlie-based contractor MLG has recruited a high-profile finance executive as it moves closer to joining fellow mining services companies Mader Group and DDH1 Drilling in a stockmarket listing.
A $2.4 billion surge in revenue above forecast levels helped the state government record a $1.3 billion operating surplus in the year to June, but the overall cash position of the budget is still in a deficit of $924 million.
Hartleys has reported a big drop in annual revenue and net profit, making it the third major stockbroking firm in Perth to have its results hit by the sharp decline in corporate finance activity over the past year.
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Blackburne has added to its upcoming project pipeline in Perth’s blue-chip suburbs, after acquiring a prominent site on Stirling Highway from aged care provider Amana Living.
Primewest has expanded its US presence to more than $100 million worth of assets, acquiring a $13 million office building in San Diego as the developer and funds manager moves closer to its listing on the Australian Securities Exchange.
Perth-based health insurer HBF has posted a 53 per cent rise in its net surplus to $93.7 million, while profit at the state government-owned Insurance Commission of WA fell 27 per cent to $203.5 million, despite an improved return on its investments.
Oil slid overnight as new details connected to the impeachment inquiry into US President Donald Trump weakened demand sentiment while moves to quickly restore Saudi output after attacks on its oil infrastructure promised more oil supply.
Gold prices rose overnight after a nearly 2.0 per cent slide in the previous session triggered buying interest for the safe-haven metal, although a strengthening US dollar capped gains.
Industry bodies are divided over a plan to increase regulation of short-stay accommodation providers such as Airbnb, with Tourism Council WA and the Australian Hotels Association among supporters of the proposed rules.
Allseas Group has been selected to build a 260 kilometre pipeline linking the Barossa gas field to the Darwin LNG facility, with ConocoPhillips likely to make a final investment decision on the project before March 2020.
Shares in Stavely Minerals have more than tripled today after the junior reported “stunning” high-grade intercepts at a shallow depth at its Thursday’s Gossan porphry gold-copper project in western Victoria.
Power utility Synergy has taken a $446 million impairment and reported a loss of $656.9 million in the year to June, which the state government-owned business said was driven by higher fixed costs as revenue fell.
Share market online chat forum HotCopper Holdings will venture into the North American market after signing a deal to acquire its Canadian equivalent, as it seeks to bounce back from a fiscal 2019 loss.
