Two Tony Sage-led companies plan to raise up to $260 million as a condition of deals to acquire businesses associated with controversial businessman Frank Timis.
Disgruntled workers at the Pluto gas project will be offered a deal later this week after Woodside Petroleum, project manager Foster Wheeler Worley and unions came to a compromise over motelling plans.
Woodside Petroleum CEO Don Voelte this afternoon said he is 95 per cent confident Woodside's Browse project will go ahead after the project's joint venture partners agreed on James Price Point as the location to process the gas from the Browse Basin field
Records have been broken in Perth's residential sector with the median price of a house reaching $480,000 in the December quarter, new figures from the Real Estate Institute of WA show.
The Federal Court in Perth has extended an injunction preventing any workers at the Pluto project from taking further industrial action while the Chamber of Commerce and Industry WA says it will pursue damages and penalties from striking employees.
Perth-based mortgage originator Homeloans expects to nearly double its interim profit on the back of continued momentum that started at the end of the 2009 financial year.
Shares in Conquest Mining have plunged after a definitive feasibility study found the Silver Hill gold-silver-copper project in Queensland could not deliver commercial returns.
Shares in Karoon Gas slumped as much as 32 per cent today after a recent well drilled to test a new gas discovery in the Browse Basin did not deliver the gas flow investors had been hoping for.
Perth's office vacancy rate has increased slightly to 8.2 per cent and will continue to rise this year as further supply is added to the market, new figures show.
Shares in Cape Lambert Resources have dropped after it today withdrew the initial public offer of spin-off Q Copper Australia due to "recent adverse market conditions".
GROWTH is the name of the game for electrical engineering company LogiCamms, armed with cash from a recent capital raising and wrapping up its second business acquisition in less than a year.
Unions claim disgruntled workers at the $13 billion Pluto project are voting with their feet with contractors reporting a higher than normal turnover rate since the motelling issue prompted half of the project's workforce to strike.
Shares in Navitas were higher after the education service provider executed a 10-year deal with the University of Newcastle to establish the Newcastle International College.
The Reserve Bank of Australia has today decided to leave the official cash rate on hold at 3.75 per cent, going against widely held expectations the central bank would lift rates by 25 basis points.
Equinox Minerals says it will roll over its existing debt into a new $US400 million ($A449 million) corporate loan facility, which it said will provide greater flexibility.
The administrator of GEOS Perth says the school will not be re-opened, displacing nearly 500 international students enrolled in English language courses at the school that operates out of St Mark's International College in Highgate.
West Perth-based Greenland Minerals and Energy says its Kvanefjeld project could rival the world's largest rare earths mine in China after a prefeasibility study estimated capital costs at $US2.3 billion ($A2.6 billion).
The residential property sector in Perth appears to be on the cusp of another boom with a housing group forecasting a recovery in detached housing starts this year while a new house price gauge surged 11.5 per cent over the past year.
Miner Kagara expects to launch the initial public offer of its gold spin-out vehicle in April as operations returned to profitability in the December quarter on the back of a higher metal price environment.
Leederville-based SmartTrans Holdings is set to take advantage of China's expanding 3G network after it executed an agreement with China Mobile that sent its shares up more than seven-fold.
A higher nickel price and better returns on listed investments have prompted miner Independence Group to lift its first half profit guidance to $11.2 million.
A new set of figures by RP Data and Rismark International has shown Perth's median house price has risen 6.5 per cent to $490,000 during the month of December.
Improving conditions in the engineering and mining services industry over the past six months have boosted VDM Group's expectations of a higher first half profit for 2009/10, with the company today tipping a $5 million net profit.
Aviva Corporation says it is considering its options after it was approached by third parties interested in the assets of Rick Stowe's collapsed company Griffin Coal.
Patersons Securities has today announced its third major expansion in less than two years, recruiting the management team behind the Western Australian arm of RBS Morgans.
Perth companies Tanami Gold and ABM Resources have teamed up to buy a portfolio of gold projects in the Northern Territory from Newmont Asia Pacific for close to $33 million.
The Forest Products Commission could undergo further restructures with a taskforce set up to investigate the sale of one of the commission's divisions.
The median price of a house in Perth has surged 8.7 per cent over the past year with Churchlands and Guildford some of the fastest growing suburbs in Perth, while the median unit price has hit an all-time high.
