Jessica Mascione

West Perth-based Capital Partners Private Wealth Advisors has been announced professional practice of the year by the Financial Planning Association of Australia.

Engineering and construction company SRG Global has secured a five-year, $90 million asset services contract with Alcoa of Australia for work at its alumina refinery in Kwinana.

Global manufacturer Alstom has signed a 10-year contract to assemble new railcars at Midland as part of the Metronet project, with the government saying the railcars will be delivered 22 per cent below its budget at $1.25 billion.

Rare earth producer Lynas Corporation intends to sublease an industrial zoned property from the City of Kalgoorlie-Boulder, three months after signing an agreement with the mining town to review potential sites for its cracking and leaching plant.

Aged care and retirement living provider Bethanie has acquired Berrington Care Group's Subiaco and Como centres, which it expects to operate early next year. The sale comes five months after Berrington went into administration.

Global mining-tech company Imdex has exercised its option to acquire New Zealand-based Flexidrill, after gaining the option early last year, for a further payment of $NZ3 million cash.

Western Australia recorded the highest mortgage delinquency rate in the year to May of 3.38 per cent, while the Australian average was 1.94 per cent, according to a report from Moody's Investors Service.

Pioneer Credit has named US investment group Carlyle as preferred bidder to acquire the business, at a price of $1.82 per share, a large discount to the company’s latest closing price of $2.46 per share.

Legacy Iron Ore has received commitments to raise $11.74 million through a four-for-one rights issue, primarily to accelerate production at the Mt Celia gold project in Western Australia.