Automotive Holdings Group has downgraded its profit guidance for 2019 due to weak car sales and the performance of its refrigerated logistics division, a week after it recommended an improved takeover offer from rival auto retailer AP Eagers.
PS Structures, Ertech and WBHO Infrastructure are among contractors that have won $53 million of work from the state government in recent weeks, while PwC has been selected for two major consulting reviews.
Fenix Resources has formed a strategic alliance with trucking and logistics company Mineheaul, to be led by Craig Mitchell, which the mining company said is a significant step towards the development of its Iron Ridge project.
Automotive Holdings Group has urged shareholders to sit tight on a $2.42 billion takeover offer from rival vehicle retailer AP Eagers, warning they may be disadvantaged if they agree to sell before the “highly conditional” deal is approved.
Sales of passenger vehicles in Western Australia in the three months to March fell by 18.5 per cent from the prior corresponding period and sales of sport utility vehicles also fell, but demand for light commercial vehicles was on the rise.
Airlines for Australia and New Zealand (A4ANZ) says the Productivity Commission’s draft report into Australia’s airports, released in January, falls well short of what should be expected from the commission.