Shares in Perth-based education services provider Navitas closed 21.8 per cent higher today after the company received an indicative takeover proposal from consortium that includes founder and director Rod Jones.
A surprising turnaround has seen the Australian market finish the day higher on the back of healthcare and telco stocks as the financial sector shrugged off leftover jitters from Wall Street.
Southern Cross Electrical Engineering founder Frank Tomasi has cashed in about one quarter of his shares in the company, after signalling his intention to retire from the board.
Venturex Resources managing director Ajanth Saverimutto says the company’s Sulphur Springs copper-zinc project is ready to develop, after releasing a definitive feasibility study detailing a $146 million capex.
Stedman Ellis has been picked as interim chief executive for the proposed Future Battery Industries Cooperative Research Centre to be headquartered in Western Australia, and will leave oil and gas lobbyists APPEA on Friday.
Rox Resources has released an updated scoping study for its Fisher East nickel project following an improvement in market conditions, with a forecast capital cost of between $85 million and $125 million.
New data from Moody’s shows Perth mortgage delinquency rates are the highest in Australia, despite the capital city also holding one of the highest average incomes in the country.
Commonwealth Bank and its wealth management arm Colonial First State have been hit by a class action law suit over allegedly uncompetitive superannuation returns.
Healthcare, Telstra and commodity-based shares are doing their best to lift the Australian market after a flat opening, but lingering unease from Wall Street, and losses for the big banks, have prevented significant gains.
Navitas co-founder and former managing director Rod Jones has backed an indicative takeover bid for the education services company led by Australian private equity giant BGH Capital.
The S&P 500 and the Nasdaq have risen on Tuesday, boosted by a rebound in technology stocks, but gains, including on the blue-chip Dow Jones Industrial Average, were kept in check by concerns on slowing global growth.
Oil prices have risen about one per cent on growing evidence of falling Iranian crude exports before the imposition of new US sanctions, as well as a partial production shutdown in the Gulf of Mexico because of Hurricane Michael.
Woodside Petroleum has picked Texas-based Bechtel as the most likely contractor to build a new LNG train at its Pluto facility near Karratha, but has hit a hurdle in approvals for an associated fly-in fly-out camp.
The McGowan government will introduce its levy on foreign buyers of residential property after the WA Greens and One Nation parties supported the plan.
Australian stocks have put in another weak performance as healthcare and other global sectors caused the ASX to lag, hovering just above 6000 percentage points at the close for the second day.
The University of Western Australia’s new trading room has been named as the education project of the year at the annual AV Awards in London, beating out entries from the University of California and the Qatar National Library.
BCI Minerals has confirmed it is in discussions with multiple parties over the sale of its Pilbara iron ore assets, including three current producers and one aspiring port developer.
The state government has announced it will proceed with the sale of gaming agency TAB and introduce a new 15 per cent consumption tax on all betting in Western Australia.
West Australian Supreme Court judge Joseph McGrath and former Australian Public Service commissioner Lynelle Briggs have been appointed to lead the federal government's aged care royal commission, which is expected to take 18 months.
