FUNDS associated with New York commodities hedge fund Ospraie Management LLC have revealed substantial stakes in two major Western Australia companies, both outside the group's previous purely mining
While Western Australia's mining stocks and their investors enjoy a bull run, emerging technology companies with new ideas are finding it harder to attract investor attention.
After a 20-year career with Ernst & Young, Lui Giuliani has left the accounting group to establish a private equity firm with ex- KordaMentha executive Oren Zohar, Monadelphous chairman John Rubino, ex-Water Corporation chairman Tim Ungar and the director
It's hard to believe that, just five or six years ago, the Perth International Arts Festival was in a rebuilding phase after a multi-million dollar loss had shaken the morale of the festival team.
With many investors in Western Australia's fledgling technology sector having been burned by lossmaking companies such as Chemeq, Clinical Cell Culture and ERG, it has been difficult for new companies emerging in their wake to attract support.
Perth-based Patersons Securities Ltd is set to launch
a resources-focused fund, the second product for the fledgling
asset management business launched late last year.
West Perth-based Transit Holdings Ltd has completed a placement to raise $2 million to sophisticated investors for exploration for haematite mineralisation and working capital.
Wesfarmers Premier Coal Ltd and Blackham Resources Ltd have ended their dispute over the Scaddan Energy Project tenements near Esperance, by signing a joint venture agreement to develop the project.
The volume of owner occupier home loans in Western Australia jumped by 4 per cent in November, despite coinciding with the Reserve Bank of Australia's most recent interest rate hike.
Centro Property debts may blow out; Steely determination: Rio vows to export iron ore from India; Labor warns energy exporters to put Australia first; Coles retains hopes of pharmacies in stores; Qantas buffeted as downgrade, $62m fine bite
Perth-based gold exploration company Scotgold Resources Ltd has made a positive debut on the Australian stock exchange today, after sucessfully raising $4.9 million via its November public offer.
VDM Group Ltd subsidiary Civmec Construction & Engineering Pty Ltd together with its joint venture partner UK-based Laing O'Rourke have been awarded a $146 million project by Argyle Diamonds.
Henderson-based Nomad building Solutions Ltd has announced today the $40 million acquisition of the construction, property management and modular building business units of Rapley Wilkinson.
Farm budget bonus firms hope of bumper grain crop; Shakeout turns MFS into a target; Credit crunch cuts super returns; Debt funding boosts Windimurra; Iron ore prices ready to roar
Avalon Minerals Ltd has announced today that it was granted Lake Barlee exploration licence, which is the first application to be granted within the portfolio of 13 Western Australian uranium exploration licences acquired by Avalon last year.
Internet service provider iiNet Ltd announced today that it entered a 15 year international capacity agreement with Pipe International Pty Ltd as a foundation customer of the PPC-1, an undersea cable linking Australia to Guam's communications hub.
Perth-based scooter manufacturing and distribution group Vmoto Ltd announced today an annual revenue target of over $100 million a year by 2011 with the Stage 1 of the company's China plant expected to be operationnal by mid year.
Stokes bid inaction blamed for WAN share slide; Coles returns to WA beef; Credit fears weigh on Wall Street; Big Business demands budget cuts to ease inflation; JB Hi-Fi upbeat despite 16% slide
The Australian stock market failed to follow Wall Street's higher lead overnight, with the benchmark index falling below the 6,000 mark, leaving investors nursing the weakest start to new year trading for 17 years.
Marine engineering services group Neptune Marine Services Ltd has gone ahead with a share purchase plan seeking more than $23 million to primarily fund the recent acquisition of the Sea-Struct business.
Funds associated with New York commodities hedge fund player Ospraie Management LLC have emerged with substantial stakes in two major Western Australia companies, both outside the group's previous purely mining focus in the state.
Wesfarmers debt concern; Investors melt down Alumina; Labor to dump takeover tax; Inpex signals cost blowout may delay Ichthys LNG project; Clough hints at surprise turnaround to black ink
Hopes for change at AWB hit as farm groups dig in; ASIC summons Centro for talks; CBA lifts rates as banks come under more fire; Stockland to pocket big profit on Karrinyup sale; Warning over power blackouts
The holiday season is usually a slow news period, but one very important announcement that came out between Christmas and new year was the state government's mid-year budget review.
Western Australia's robust non-residential property market has delivered a tax windfall to the state government, although rising costs have partially offset the gains, according to the government's mid-year budget review.
Former Evans & Tate executive chairman Franklin Tate is poised to make a comeback to the wine sector this year with the launch of a wine distribution business.
Western Australia's commercial office market notched up almost $1 billion in sales last year, and while some analysts predict the same heights may not be reached in 2008, market fundamentals indicate that strong growth is likely to continue.
