Zinc producer CBH Resources Ltd has launched a hostile $65 million takeover bid for Perilya Ltd, just over two months after the companies terminated a friendly merger proposal.
Shares bounce back as US rescue hopes rise; BHP-Rio nod sparks stock rally; Inpex set out to avoid regulation: land council; CBA pounces on BankWest with low-ball offer; Breakthrough on national consumer laws
WHILE the September quarter could best be described as a dismal one for initial public offers, the number of Western Australian firms listing on the stock market has largely remained steady compared with the previous quarter.
A COMBINATION of forces in the US including voter antipathy, partisanship and election year politics, has created further turmoil regarding the future stability of the US and world economies.
NATIONALS WA's Royalties for Regions plan, which is now a key element of the new government's policy platform, is going to be a true test for Colin Barnett and his team as they manage the state's finances.
THE downturn in Western Australia's property sector has produced an increase in property repossessions and home loan arrears in the state, according to a report from the Reserve Bank of Australia.
Axiom Properties Ltd director Ben Laurance has increased his interest in the company through a rights issue of 10.4 million shares valued at a total of $832,000.
IT has been a tough past few months for companies looking for extra cash, with the surge in market volatility causing investors to further tighten the purse strings.
THE Breast Cancer Foundation of Western Australia is maintaining its colourful strategy to rally the Perth business community and raise awareness of the foundation's role.
RALLIES on global markets last week were a direct result of short covering and some over-exuberance by a few who have not yet lost all their investments or hope.
THERE was something almost surreal about events last Friday when Western Australia lost the country's single largest resources project as the rest of the world trembled over the fallout from the global financial crisis.
Perth-based Homeloans Ltd has announced that its managing director Brian Jones will step down, two months before his contract expires, as the group deals with the sub-prime impact on its warehouse funding.
Brisbane-based Norton Gold Fields Ltd will move to acquire the remaining shares in West Perth-based Bellamel Mining Ltd after its friendly takeover offer closed yesterday.
The rescue of BankWest parent, HBOS plc, could be in jeopardy after the value of its shares plunged yesterday, prompting fears that white knight Lloyds TSB could be paying too much for the takeover.
Iron ore miner Territory Resources Ltd has reported a full year net loss of $48.5 million, with over $40 million of that attributed to asset impairments and investments in collapsed Monarch Gold Mining Company Ltd and Matilda Minerals Ltd.
US failure shocks markets; Reserve poised to cut rates; Emissions deal 'crucial' to economic future; China could be dragged down; NAB unveils $400m hit as global markets dive
Lessons learnt from the Asian financial crisis are now cushioning the region from the continuing global fallout overnight from the United States equities quagmire, according to one of South East Asia's most prominent business commentators.
GRD Minproc, a subsidiary of GRD Ltd, has secured the engineering contract for the $5.2 billion Sino iron ore project in Western Australia, currently being developed by Citic Pacific Mining.
United Credit Union's merger with Adelaide-based credit union Community CPS Australia will come into effect at the start of November following shareholder approval.
Australian stocks suffered at the opening of trading on the Australian Securities Exchange, after the US House of Representatives rejected the $US700 billion rescue package.
