Perth’s largest home builder has shone a rare light on its financial performance, with annual accounts for BGC Australia revealing big investment write-downs and large bottom-line losses over two years.
Residential construction giant ABN Group has received the green light to shift its headquarters from Osborne Park to Leederville, after FJM Property’s $35 million proposal to build on the Leederville Hotel car park site was approved by planning authorities today.
A woman accused of stealing almost $163,000 from her boss was kept on staff after he uncovered the thefts but threatened to "ruin his reputation" when he reminded her about repaying it, a Perth court has heard.
Strong gold prices and higher production levels have helped lift revenue at gold miners Saracen Mineral Holdings and Regis Resources, with Saracen’s net profit up 22 per cent to $92.5 million.
Mining technology supplier Imdex has announced the forthcoming retirement of its managing director Bernie Ridgeway after delivering record revenue and higher earnings for the 2019 financial year.
Mid-tier goldminer Saracen Minerals Holdings has reported record full-year profit of $92.5 million, up 22 per cent from the previous financial year, while Regis Resources reported a profit decrease.
A new wages deal for public sector workers that offers an extra holiday and superannuation payments during unpaid leave had been approved by workers, two months after Business News revealed the public sector union had claimed the deal broke the state government’s pay policy.
Oil prices rebounded from a two-day drop on Friday alongside share markets as expectations of further stimulus by central banks helped to ease recession concerns.
Gold fell on Friday as stocks and the US dollar firmed but fears of a slowing global economy and lack of clarity on the US-China trade conflict kept bullion on track for a third straight weekly gain.
Gold explorer Orecorp is raising $13.3 million from an institutional share placement to fund its move to full ownership of the Nyanzaga gold project in Tanzania.
PODCAST: Mark Beyer and Mark Pownall discuss markets drama, Cockburn harbour recommendation, Infrastructure Australia, shopping centres write down, planning law changes, Altrad, AFG, and our special report on major projects.
Ora Banda Mining, formerly known as Eastern Goldfields, has continued its revival after gaining commitments to raise $18.5 million through a share placement.
The official opening of BHP's upgraded Mulla Mulla village in the Pilbara today adds a key component to the company’s strategy for attracting workers to its iron ore projects.
Henderson-based shipbuilder Austal has finalised a $126 million contract to build two vessels for the government of Trinidad & Tobago by the second half of 2020.
The Leederville-based business which owns the iconic Perth brand Java Juice has entered administration, with stores in Joondalup and Perth closing doors in recent weeks.
Newcrest Mining has posted a 22.2 per cent increase in annual profit, buoyed by robust gold and copper sales volumes from its flagship Cadia mine in NSW, while its Western Australian Telfer project also performed well.
Takeover target Automotive Holdings Group will pursue the sale of its refrigerated logistics business after a strategic review found it had overstated revenue in the underperforming unit.
Oil prices fell more than 1.0 per cent overnight, extending the previous session's 3.0 per cent drop, pressured by mounting recession concerns and China's threat to impose counter-measures in retaliation for the latest US tariffs on $US300 billion of Chinese goods.
Gold prices rose overnight as lingering fears about a global economic downturn and lack of clarity on the US-China trade front kept the safe haven precious metal comfortably above the key $US1,500 per ounce mark.
Eight protesters were arrested at state parliament today as members of the Extinction Rebellion group took their climate change activism to the next level, with a sitting in the legislative assembly brought to a standstill.
