Staff reporter

Aspen unveils 78% lift in profit

Developer and funds manager Aspen Group has reported a solid rise in interim profit, saying the company’s strategy of re-weighting its portfolio towards Western Australia was proving sound.

Hartleys broker takes out 40under40

Hartleys head of corporate finance Grey Egerton-Warburton has been named First Amongst Equals at the eleventh instalment of the WA Business News 40under40 awards.

ThinkSmart launches $9m capital raising

Perth-based point of sale financing provider ThinkSmart has announced a profit of $6.8 million for the year ended December 31, while also launching a $9 million capital raising.

Entrust snaps up Grant Vernon

Wealth Management group Entrust has bolstered its management ranks with the appointment of former Snap Group boss Grant Vernon as its new chief executive.

Cedar Woods maintains first-half dividend

Cedar Woods Properties has maintained its interim dividend of 11 cents per share, despite a 55 per cent drop in net profit for the six months to December 31.

$100m Darwin deal won by Macmahon

Contractor Macmahon Holdings has won a $100 million contract to design and construct the Darwin Marine Supply Base.

AHG maintains dividend on strong profit

Perth-based car dealer and logistic company Automotive Holdings Group has reported a strong rise in statutory net profit on record group revenue, though earnings per share were down slightly.

Noble completes $10m placement

Noble Mineral Resources has completed a $10 million share placement to fund the final commissioning of the processing plant at its Bibiani gold project in Ghana.  

Imdex announces record half-year results

Imdex has lodged a record-half year result, raking in $22.7 million in net profit, up from $12.1 million the previous corresponding half year.

Gindalbie inks $64m deal with Downer

Gindalbie Metals has awarded Downer EDI a $64 million contract for electrical and instrumentation works at its Karara iron ore project in the Mid West.

Monadelphous signs Rio framework

Monadelphous Engineering has become the fourth contractor to announce a framework agreement with Rio Tinto, giving it preferred contractor status for structural, mechanical and piping work as well as

LogiCamms wins $8m Gorgon deal

Engineering group LogiCamms has won an $8 million contract to provide maintenance services on Chevron’s Gorgon LNG project.

Excelsior raises $4.5m

Excelsior Gold has completed a $4.8 million capital raising to fund the development of its Kalgoorlie North gold project.

Perseus profits as mining starts in Ghana

Perseus Mining has returned to profitability, bouncing back $13.7 million into the black for the six months to December 31.

REIWA says rental market is steady

The state’s peak real estate body has scoffed at claims of a rental crisis in Perth, with its latest research showing the vacancy rate for rental properties steady at 2.5 per cent.

Forge maintains profit, lifts dividend

Forge Group has posted a steady profit for the half year ended December 31, pulling in $21.3 million after tax.

MBA, CCI slam bill to cut building watchdog

The federal government's move to abolish a building industry watchdog will lead to an increase in unlawful industrial behaviour on construction sites, major industry groups say.

Mermaid lodges strong profit growth

Mermaid Marine has reported a 35 per cent increase in net profit for the six months to December 31, driven by an “exceptional performance” by the company’s Australian fleet.

Paladin achieves record uranium production

Uranium miner Paladin Energy says it achieved record production in the three months to December but has downgraded its full-year production targets.

Today's Business Headlines

Packer’s $1bn plan for WA casino - The Fin; RBS to lose half its Australian businesses - The Fin; Push to privatise Rottnest villas - The West; Gillard’s threat to dock states - The Aus; ASIC casts an eye over Salter’s reign at Paynes Find - The Aus

Today's Business Headlines

Car handouts split Libs - The Fin; Fortescue speaks up - The Fin; Perron buys in - The Fin; Equatorial off Exxaro radar - The West; Ripper hits back at detractors - The West

African Iron surges on $388m takeover

South African mining company Exxaro is set to buy African Iron, an Australian-listed company with iron ore operations in the Republic of Congo, for about $388 million.

Taiwan signs up for LNG from Ichthys

The Ichthys liquefied natural gas (LNG) project, which will develop gas reserves off WA's northern coast, has moved closer to a final go-ahead after the partners finalised three new sales agreements t

Seven appoints new television boss

Seven West Media has appointed Tim Worner as chief executive of Seven Network Television. Mr Worner will be responsible for the management of the Seven Network Television business.

Rate cut welcome news

INDUSTRY groups have applauded the Reserve Bank of Australia’s decision to cut interest rates for the second time in two months, with the focus turning immediately to the willingness of banks to pass

UGL in talks with DTZ on takeover offer

Diversified business services firm UGL Limited is in talks with London-based DTZ Holdings about a possible takeover bid for DTZ.

Coles, Bunnings lift sales by 8%

Coles and Bunnings were the top first-quarter perfomers among Wesfarmers' retail businesses, with the Perth-based conglomerate also reporting weak performances by its Target and Kmart divisions.

Wesfarmers coal sale a concern: Barnett

The foreign ownership of Western Australia's two coal miners raises concerns about the long-term security of the state's power supplies, Premier Colin Barnett says.

Labor MP to retire

Australia's first indigenous female MP is set to stand down from the West Australian parliament after being vilified as a "toxic coconut".



Morning Headlines

Union settles with BGC over case of the concrete pour

State govt starts legal action against Uber

Legal action is being taken against ride-share company Uber for not having the appropriate licence to operate in Western Australia.

Vale Shane Gherbaz

Former stockbroker and the founding managing director of Euroz, Shane Gherbaz, has passed away after a battle with illness.

Brierty bags $300m contract

Brierty and three Aboriginal contracting firms have won a $300 million contract with Rio Tinto to complete mining and civil works on a project in the Pilbara.

most commented

State govt starts legal action against Uber

Legal action is being taken against ride-share company Uber for not having the appropriate licence to operate in Western Australia.

Rinehart comments an 'insult': Swan

Treasurer Wayne Swan has slammed mining magnate Gina Rinehart for insulting Australian workers after she called for a cut to the minimum wage and accused people of being jealous of the wealthy.

Rayney sad his wife's killer is still free

Acquitted murder suspect Lloyd Rayney has spoken of his sadness that his wife's killer is still at large, rather than the relief he feels at being cleared of killing her himself.

Leighton/Georgiou consortium wins Gateway works

A consortium led by Leighton Contractors and Georgiou Group has been chosen by the state government to deliver its $1 billion-plus Gateway WA project.