Business News

ORIX Australia has won a tender to become the outsourced fleet management and leasing provider for agribusiness giant CBH Group.

Hazer Group has appointed current chief executive Geoff Ward as managing director.

A joint venture between Perth-based Clough and Madrid-based Acciona has secured rail construction works at Rio Tinto's $3.5 billion Koodaideri iron ore project.

BGC Contracting has been awarded a $24 million contract to deliver bulk earthworks and roads at the Fortescue Metals Group' $1.7 billion Eliwana iron ore project.

Our daily board moves wrap includes Richard Cottee, Ray Barnes, Michael Montgomery, Leonard Math, Albert Cheok, Ian Lynass, and Guido Belgiorno-Nettis.

Pioneer Credit's shares have surged 27.4 per cent to close at $2.51 each, after the company confirmed it has received a takeover proposal at a “material premium” to its current share price.

Richard England is the new non-executive chair of Automotive Holdings Group.

DTI Group has won a $3.6 million contract to supply and install its CCTV recording system on a fleet of trains which operate on the London Underground.

Decmil has been awarded a $79 million contract for balance of plant works at the $400 million Yandin wind farm.

Federal Labor is calling on Environment Minister Melissa Price to explain why she approved a controversial uranium mine in Western Australia the day before the national election was called.

Mick Keelty has resigned as non-executive deputy chair of Elsight.

Hydroponics technology company Roto-Gro International has completed a $3.6 million share placement, with the funds set to fast-track expansion of its research and development facility in Canada.

Our weekly appointments wrap includes Katherine Martin, Peter Hobbs, Chris Doepel, Jo Lanagan, Jane Mahon, Alfred Seeling and Ken Anderson.

Our daily board moves wrap includes Ian Murchison, Bruce McCracken, Tim George, Peter Webse, Jerry Monzu, and Keith Bowker.

The Australian Building & Construction Commission has commenced legal proceedings against the Construction, Forestry, Maritime, Mining and Energy Union and three of its officers, including WA state secretary Michael Buchan.

DDH1 Driling has acquired Ranger Drilling, which will see the Sy van Dyk-led company grow to 700 employees and 84 drill rigs.

The GO2 People has entered into a share purchase agreement to acquire a Gold Coast-based training provider for up to around $8.4 million, and is seeking to raise up $4 million via a share placement to help fund the purchase.

Apollo Consolidated has raised $6 million via a share placement, with the funds set to primarily go towards drilling at the company's flagship Lake Rebecca gold project.

Our daily board moves wrap includes Zhao Tong, Josef El-Raghy, Aaron Colleran, Brett Montgomery, Peter Evans, Richard Baumfield, Ronald Beevor, Albert YuZi Zhou, and Phil McKeiver.

Galaxy Resources has abandoned its search for a joint venture partner for Sal de Vida, after no company was willing to inject enough capital for the Argentinian project.

With the federal election just a month away, the confidence of Australia's company directors is at its lowest point in over two years, according to the latest Australian Institute of Company Directors' (AICD) Director Sentiment Index.

The state government will outlay $131.5 million of additional funds for the Department of Primary Industries and Regional Development (DPIRD) in the upcoming budget.

CBH Group has awarded six of the nine contracts for its $150 million Network Strategy Expansion project, including four to local contractors WCP Civil and Georgiou Group.

Family Zone Cyber has raised $5.5 million in a share placement to support further growth and support its expansion in the United States.

Workplace consumable products supplier and distributor Stealth Global has acquired distribution business Industrial Supply Group for about $1 million, the third deal the company has made since listing on the ASX in October 2018.

Ardiden has appointed Robin Longley as chief executive.

The National Stock Exchange (NSX) will raise up to $10 million via a share placement, with the funds set go towards establishing a Perth office.

Japanese fashion store UNIQLO has announced it will open a second Perth store at Westfield Carousel this winter.

Perth businessman Tim Ungar has been appointed chair of Perth Festival.

Saracen Mineral Holdings posted record quarterly gold production of 89,208 ounces for the March quarter, with costs below its previous guidance.

Australia's No.2 independent gas producer Santos Ltd has posted record quarterly production, boosted by its acquisition of Quadrant Energy assets, a day after it announced an '"exciting" gas discovery in the North West Shelf.

Our daily board moves wrap includes David Quinlivan, Mark Wheatley, Keith Jones, Tony Brazier, Susan Hunter, Craig Readhead, Campbell Baird, Mark Davies, Winton Willesee, Erlyn Dale, Peter O'Connor, Simon Trevisan, Neale Fong, Fleur Hudson, and CongYan Xue.