Shares in takeover target Norfolk Group were up strongly today after bad news on a contract termination was outweighed by the disclosure that its takeover price could be nearly twice the 38 cents per
Diploma Group and Quest Serviced Apartments have been selected as the preferred proponent by the state government to develop a four-star waterfront hotel in Albany.
Northern Star Resources’ Bill Beament is this year’s 40under40 First Amongst Equals, heading off strong competition from the three other finalists -Julie Shuttleworth, Steve Gostlow, and Phil Britten.
PROPERTY player Lend Lease is aiming to submit a development application for the first stage of the $1 billion Waterbank project this year, which will transform the eastern part of the Perth CBD.
The majority of employees across Rio Tinto’s energy business in Australia will not receive salary increases this year as the miner aims to “secure the long-term strategy” of the division.
Lend Lease will start construction at its $1 billion Waterbank precinct at East Perth late next year after finalising an agreement with the Metropolitan Redevelopment Authority today.
The Australian boss of Skywest has confirmed 18 redundancies have been made as part of measures to make the regional airline more efficient and streamlined.
A blast and subsequent shutdown of Galaxy Resources’ Chinese processing plant has cost the miner a potential $66.2 million cornerstone investment from the East China Mineral Exploration & Developm
Sam Walsh has been promoted to the top job at Rio Tinto, effective immediately, taking over from Tom Albanese who has quit as chief executive after the miner revealed a $US14 billion writedown.
Increased first home buyer activity and a lift in turnover of higher priced properties have bolstered Perth’s median house price, which rose 3 per cent in the December quarter.
The state of the Perth rental market has been muddied, with two sets of research showing a small increase in rental rates for houses but producing conflicting results for apartments.
Leighton Properties is close to locking in plans for a second office tower in its Kings Square development in central Perth, with WA health insurer HBF in talks to buy one of the proposed buildings.
Fortescue Metals Group has terminated its entry into the oil and gas industry, ending discussions with Oil Basins over an onshore shale project within the Canning Basin.
Rox Resources’ share price has lost some of the headway it gained from a nickel discovery late last year, with drilling results suggesting the explorer has yet to hit the “sweet spot”, an analyst says
A West Perth hotel is planning to expand the number of its rooms from 30 to more than 100 as latest figures show continued high demand for accommodation in the CBD area.
