Tayler Neale

Local shipbuilder Austal has expanded its footprint in the US with the acquisition of technology company ElectraWatch in a cash deal worth $US6.7 million ($9 million).

Ausdrill has announced plans to sell its telecommunications subsidiary to private group Powerlines Plus (now part of GenusPlus Group), while also agreeing to take a majority stake, along with other investors, in mining technology company HiSeis.

Having shown recent signs of improvement, Perth house prices were steady in April, while the national market continued its downward trend, according to the latest data from CoreLogic.

Two shopping centres in Perth’s north have been included in a $28 million solar power project being undertaken by ASX-listed Vicinity Centres, which is forecasting the creation of about 40 local jobs.

Two giant waste-to-energy projects planned for Kwinana and Rockingham could gain extra financial backing after the federal government unveiled a raft of policy initiatives to address problems flowing from China’s new restrictions on accepting foreign waste.

Perth Airport has received the highest rating of Australia’s four biggest airports and registered a spike in profits during the past financial year, according to a report from the consumer watchdog.

The Takeovers Panel has blocked a major shareholder of Finders Resources from accepting the recent takeover offer after the corporate watchdog submitted an application to the panel.

The state government has appointed Francis Burt Chambers lawyer Tony Power to undertake a year-long inquiry into the City of Perth, after the council was suspended last month following a tumultuous period.

Perth-based Apollo Minerals has announced plans to spin-out its Fraser Range assets via an initial public offering, as the company focuses on its European tungsten and gold projects.