Babcock & Brown Power has shaved off $20 million from its 2009 earnings guidance after taking into account its soon-to-be sold interests in two Western Australian power stations.
Less than a month after the termination of a friendly merger, West Perth-based Kalahari Minerals has called for the chairman of Extract Resources to be removed.
Despite the increasing rate of job losses around the globe, Australian finance and accounting professionals remain optimistic about job prospects, as found in a 14-country survey by international recruiter Robert Half.
Perth-based CityView Corporation is facing a shareholder revolt with a group using the internet to express their concern over chief executive Mark Smyth and his management of the company.
Applecross-based funds manager Questus and property developer Australian Property Alliance are planning to build $52 million in new housing after receiving approval under the federal government's National Rental Affordability Scheme.
Como-based Aquila Resources says it is seeking potential co-developers for a port at Anketell Point, which has been selected as the preferred port site for the $4.1 billion West Pilbara iron ore project.
Atlas Iron has celebrated a milestone at its Pardoo iron ore project in the Pilbara with the shipment of first ore through Fortescue Metals Group's Herb Elliot port.
Perth-based Bunnings Warehouse Property Trust says it is continuing negotiations to extend a $100 million facility as it acquires a store and wraps up the construction of another on the east coast.
Business confidence in Western Australia has hit record lows as the global economic uncertainty starts to impact owners, two separate surveys have found.
Perth-based Pacific Energy will pay $77 million in cash and scrip to acquire Kalgoorlie Power Systems, which owns a suite of power stations in Western Australia and the Northern Territory.
The DomGas Alliance has today welcomed the Senate's report into the Varanus Island gas pipeline explosion while the state government confirmed plans to hold a further independent inquiry.
Engineering and infrastructure firm GRD will be hit by a significant one-off charge after agreeing to sell its loss-making Australian waste treatment facility in a bid to boost its financial position.
A GROUP of the state's big gas users have called on government to adopt a fiscal incentive package that will encourage domestic gas supply and reduce the current focus on liquefied natural gas (LNG) exports.
TWO separate reports on the state's housing sector have painted another soft year as rate cuts and stimulus packages fail to resurrect the weakening industry.
Unsuccessful capital raising activities along with a high fish death toll at its Jurien Bay fish farm have forced Nedlands-based aquaculture company Western Kingfish into administration.
The board of West Australian Newspapers has undergone a major shakeup today with four directors, including chairman Peter Mansell and managing director Ken Steinke, tendering their resignation.
The joint venture partners in the Cossack Wanaea Lambert Hermes oil operation, located offshore Western Australia, have approved a $1.8 billion redevelopment project that will extend production beyond 2020.
Paladin Energy has proposed an $18 million all-scrip takeover for Perth-based Fusion Resources, in a move that will expand the uranium miner's land holding in Queensland.
Swiss trading giant Glencore International will increase its stake in Minara Resources to over 70 per cent after subscribing to a shortfall of shares in the Perth firm's $210 million capital raising.
Investors have reacted negatively to the Reserve Bank's 100 basis point rate cut, with a benchmark index taking a hit shortly after the rate reduction was announced.
Shares in West Perth-based Greenland Minerals and Energy have jumped 27 per cent after Greenland's parliament gave in principle support to uranium mining.
