‘Everyone makes money in a boom’ and ‘every deal is a winner’ are statements that ought to be consigned to that list of other great lies, such as the ‘cheque is in the mail’ – a point that close observers of the deals of 2005 will have noted.
Three high-profile transactions launched during 2005 ran into unexpected difficulties, providing telling reminders that even the best-laid plans can run off course.
Western Australian companies raised a record $3 billion in new equity issues in 2005, underpinning a second boom year for local broking firms Patersons Securities and Euroz Securities.
Perth-based biotech company Regenera Ltd has changed its name to Advanced Ocular Systems Ltd following its merger with US based refractive devices company Advanced Ocular Systems, Inc. on 30 December 2005.
It has been 200 years since Horatio, Viscount Nelson has lain dead after the Battle of Trafalgar in 1805. His flagship, HMS Victory, lives on as a shrine at the Royal Navy base at Portsmouth, England; his memory lives on in the hearts of seafarers.
One quarter of Australians will be aged 65 years or more by the year 2045, roughly double the present proportion, according to the latest population projections.
Perth is a unique location in the resources world, arguably the only place outside the major financial capital of London that can lay claim to being a global centre that straddles both the mining and oil and gas sectors.
Renowned corporate head kicker and Consolidated Minerals boss Michael Kiernan has positioned ConsMins for some healthy profits over the next few years, but it has been at a cost. Mark Mentiplay reports.
One of the most significant challenges facing the state government is its capacity to provide economic and social infrastructure that is able to keep pace with Western Australia’s rapid growth.
Australia is almost singularly focused on a rising China, yet while the resource-led boom offers governments significant revenue through taxes and royalties, little thought or consideration is given to India, a nation which shares strategic space with Aus
State Scene wishes to conclude this year’s assessment of the local political scene with some observations about the featherbedding and political funding of political parties.
Two of the more impressive Native Title agreements entered into nationally during 2005 took place in Western Australia, demonstrating the maturity of the Indigenous Land Use Agreement process.
After a rapid turnaround in the commercial property sector during the past year, property commentators are forecasting a bumper five years ahead, with the market riding on the back of the bounding resources economy.
AFTER weeks of searching and deliberation, Delizioso owner and chief pizza artisan, Raffaele Brotzu, has decided to open a second pizza outlet in Perth.
Listed property group Stockland has filed a development approval to construct a $23 million shopping centre in Baldivis with the intention of increasing its retail presence in Western Australia.
Demand for land at LandCorp’s upmarket Minim Cove development in Mosman Park continues, with buyer interest in an early December release outnumbering available lots by four to one.
There is always a fantastic energy and optimism in Western Australia when the economy is booming and work is plentiful. Few people would dispute that we enjoy one of the best lifestyles in the world. So amid all this confidence and what would seem such a
There are no signs the wave of growth being ridden by the state’s information and communication technology sector is going to peak any time soon, but the sector still faces some formidable challenges in the years before 2010.
Melbourne-based fund manager SAITeysMcMahon has been confirmed as the buyer of Wesfarmers House on the Esplanade, paying $47.5 million in the second biggest property deal of the year.
The good times are continuing in the Perth office market, with almost $400 million worth of CBD property changing hands this year and local investors weighing in heavily alongside interstate and international buyers.
HEALTH fund HBF managing director Mike Gurry has highlighted the rising cost of medically implanted prostheses, which amounted to $52 million last year, as well as operations and doctors’ fees, in
Margaret River wine pioneer Dr John Lagan has seen his Xanadu Wines collapse and its major assets sold to eastern states interests. In the process shareholders, his family included, have lost millions of dollars. Mark Mentiplay reports
As the gutted shell of Xanadu Wines, the renamed Global Wine Ventures, considers its options, the Rathbone family is moving quickly to re-establish founder Dr John Lagan’s vision of Xanadu as a premium Margaret River wine and tourism icon.
