Seven Network chairman Kerry Stokes has paid a hefty premium over the market price for shares owned by Perth businessman Neven Botica in National Hire Group because of a 'shortfall indemnity agreement' signed in 2004.
The state’s recently passed Mining Amendment Bill may aim to provide greater incentive for mineral exploration, but concerns remain that the current production boom is blinding decision makers to the decline in exploration spending.
Cooperative Bulk Handling’s investment in South-East Asian joint venture Interflour is shaping as a healthy move for the group, as the flour miller prepares to post a considerable turnaround in profit early next year.
Rio Tinto has received royalty concessions and the removal of secondary processing obligations from the State Government, clearing the way for a $1.3 billion expansion of the Argyle diamond mine in the Kimberley.
Listed property trust Aspen Group Ltd is set to go to the market for fresh funding following confirmation of its $93.5 million purchase of the Dunsborough Lakes residential development from Ric Stowe's Griffin Group.
The launch of a bid for the 2008 Australian Tourism Exchange and new marketing initiatives to boost tourism in the state indicate how serious the government is about growing the industry, according to Tourism Minister Mark McGowan.
Perth-based small goods manufacturer D'Orsogna Ltd has come off a weaker last year to post a $1.1 million profit, but is still down on its 2003 earnings result of $2 million, after sustaining proportionally higher cost of sales.
The state government has named the heads of the four new businesses that will be created when Western Power is separated into four stand-alone businesses, with Doug Aberle to lead the biggest part of this - networks.