Menswear retailer Ed Harry, which employs 93 staff across 19 stores in Western Australia, has been placed in voluntary administration with an immediate clearance sale of merchandise coming into effect as creditors assess the business.
Wealth manager IOOF Holdings says its buyout of pension assets from ANZ Banking Group has been delayed by at least three months, as fallout from a damaging finance sector inquiry hits dealmaking.
Under-pressure retailer The Reject Shop says it expects half-year profit to match earlier guidance, but the firm circling for a takeover wants a clearer picture of the company's Christmas sales performance.
More than a third of Australian risk management experts believe legislative and regulatory changes are the biggest threat to local businesses this year, ahead of a federal election and growing economic protectionism overseas.
Navitas directors have recommended shareholders accept an increased $2.1 billion takeover proposal by a consortium that includes its founder and former chief executive, Rod Jones, who says the new ownership would boost the company's prospects .
Discounter Kmart will reduce its prices in an attempt to revive sales growth, which came to an abrupt halt in December after five years of uninterrupted gains.
Oil prices are down about one per cent, pressured by data showing weakening imports and exports in China that raised new worries about a global economic slowdown hurting crude demand.
Technology shares have pulled Wall Street lower after an unexpected drop in China's exports in December reignited worries of a slowdown in global economic growth.
Gold prices have risen as global stocks fell on data showing China exports unexpectedly fell, pointing to further weakening in the world's second-largest economy and prompting investors to seek safety in the precious metal.
Disappointing Chinese trade data has given Australia's mining and energy sectors a whack and kept the broader market flat after what promised to be a positive start to the week.
Rio Tinto has halted exports of iron ore to some of its customers, after a fire last Thursday engulfed parts of its Cape Lambert export facility, located 40 kilometres north of Karratha.
Property investors in Perth are facing a bleak outlook, according to new research, which showed a combination of oversupply of units and apartments, lending restrictions and low rental returns would result in 15 per cent negative growth over the next five years.
Processing plant problems at Altura Mining’s Pilgangoora lithium mine have slowed output ramp-up, with about 24,000 tonnes of lithium shipped so far from the 220,000tpa facility, nearly six months after production began.
Sheffield Resources has appointed global investment bank UBS as its corporate adviser to help assess potential investments by a strategic partner in the Thunderbird mineral sands project in the Kimberley.
Communicare, Save the Children and Centrecare have joined forces to deliver a new federal program for migrants and refugees to Western Australia called Settle In.
Wesfarmers is expected to make a profit of $2.1 billion to $2.3 billion from the November demerger of its Coles supermarket division, and $670 million to $680 million from the sale of its stake in the Bengalla coal mine.
Cougar Metals provides an update on the funding agreement with the Australian Special Opportunity Fund, LP, an entity managed by New York based, The Lind Partners, LLC (Together, Lind).
Australian shares are trading slightly higher but energy stocks continue to weigh at noon, while shares in Wesfarmers are in the red after the retail giant announced a weak Christmas for Kmart.
Oil prices have fallen nearly two per cent as investors worried about a global economic slowdown, snapping a nine-day winning streak spurred by US-China trade hopes, but clung to some gains from that rally to end the week higher.
Stockbroking and funds management company Euroz has foreshadowed a half-year net loss after investment losses offset a gain in underlying cash earnings.
Flinders Mines' second largest shareholder has submitted an application to the Takeovers Panel to prevent the company from continuing with its proposed delisting, just a day after it received a similar notice from its 12th largest shareholder.
The Australian share market hasn't been able to sustain its four-day rally despite strong retail sales figures, with banks and miners weighing on the bourse.
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Vector Resources has acquired a 60 per cent stake of the Adidi-Kanga gold project in the Democratic Republic of Congo, in a cash and scrip deal worth about $14 million.
