Directors in Incremental Petroleum have unanimously recommended TransAtlantic Petroleum's takeover offer after securing a further increase in the cash bid.
Western Australia's January jobless rate has risen to a seven-month high but the state still holds the lowest unemployment rate in the country, new figures show.
Engineering and fabrication company Ausgroup says the short-term outlook for the business will be challenging as it reports an 11 per cent dip in its interim net profit.
UK-based BG Group says it is considering its position after Arrow Energy yesterday trumped its $796 million takeover bid for South Perth-based Pure Energy Resources.
CORPORATE activity in the energy sector picked up a notch this week when acquisitive BG Group launched a $796 million cash offer for South Perth-based Pure Energy Resources.
The takeover battle for Pure Energy Resources has escalated with first suitor Arrow Energy trumping BG Group's $796 million offer with an $890 million cash and scrip bid.
Terrain Minerals says a $3.25 million deal to sell its Coogee gold deposit has been terminated after buyer Argonaut Mining Group could not come up with the funds.
The future of pallet manufacturer Pinetec and 110 of its employees is in serious doubt after receivers today said the company will last only four weeks unless a buyer is found.
Property developer Finbar Group has suffered a 51 per cent drop in its interim net profit result but has maintained its full-year forecast, expected to be in excess of last year's record $12.2 million result.
BC Iron has secured its first offtake agreement for its Nullagine project in the Pilbara, with the contract starting from 2010 over a minimum five-year period.
East Perth-based Fleetwood Corporation has delivered a record interim result for the first half of fiscal 2009, with net profit up 16 per cent to $18.4 million.
Shares in Emeco Holdings soared after the earthmoving equipment provider foreshadowed a record interim result and full year earnings in line with expectations.
The global economic slowdown has forced engineering company Sedgman to write-off $20 million of goodwill value from its Perth-based subsidiary Intermet Engineering, which it bought less than two years ago for $32 million.
Subiaco-based Global Nickel Investments will branch out into the medical sector following a proposed deal to acquire Minomic International for around $6.4 million in cash and scrip.
Shares in Forge Group have surged as much as 59 per cent as the company secures $97 million worth of contracts, including work on the Pluto liquefied natural gas project and the Dampier to Bunbury pipeline.
Directors in oil and gas explorer Comet Ridge have unanimously recommended a friendly merger with unlisted public company Chartwell Energy, which has coal seam gas assets in New Zealand.
iiNet is scheduled to head to the Federal Court in early October after a group of film companies alleged the internet service provider infringed copyright rules.
West Perth-based explorer Dynasty Metals has accepted a $5 million placement offer with each share priced at nearly double the company's last traded price.
Initial study results into Heron Resources' Kalgoorlie nickel project has estimated capital costs at $US1.5 billion ($A2.2 billion) and a projected mine life of 34 years.
Shares in the Michael Kiernan-led Stirling Resources have been placed in a trading halt pending an acquisition announcement, speculated to be one of Mr Kiernan's former companies.
Western Australia's native timber industry has expressed shock at the state government's blanket rejection of requests for financial assistance, predicting job losses and mill closures will result.
Aquila Resources has partly resolved a dispute with its joint venture partner AMCI after both agreed on Anketell Point as the preferred port site for the West Pilbara iron ore project.
Staff numbers at the Western Australian arm of engineering contractor Clough will be cut by around 45 as part of restructure plans to ensure operational effectiveness.
VDM Group is expecting a better second half performance after forecasting its first half profit to fall to $3 million, prompting its shares to fall by as much as 63 per cent in trade today.
