The Supreme Court has ordered the winding-up of the company behind a successful, well-established trucking business after a complete breakdown in relations between founding directors Ken Shepherd and Tony Maddever.
Marine services business Bhagwan Marine is shifting its base of operations from Geraldton to Perth as part of cost-saving initiatives in light of continued tough conditions in the offshore oil and gas market.
CTI Logistics chairman David Watson has sold down his shareholding for the first time since he founded the business in 1972, with Forager Funds Management acquiring some of his shares and investing further funds to become a substantial shareholder.
Perth-based Automotive Holdings Group will incur a $35 million write-down hit from the closure of some of its underperforming businesses, in response to the weak market for car retailers combined with recent regulatory changes by the corporate watchdog.
Perth’s public transport users are slugged more per year than commuters in any other Australian capital except for Sydney, but Perth is the cheapest city to insure two family cars, according to new data.