News Articles for BDO

Pfizer takeover target ResApp has had its valuation cut after its COVID-19 detecting cough tool failed to meet performance requirements needed to lock in an improved all-cash offer for the business.

Pfizer and WA-founded med-tech business ResApp have agreed to an increased cash takeover offer following a reappraisal of the target's share price.

Fundraising activity among explorers has fallen from the lofty highs of 2021, but BDO's global head of natural resources Sherif Andrawes says it's too early to call time on the sector's streak.

OTR Tyres has acquired NYSE-listed Titan International's Australian wheel division in a bid to springboard the Bellevue business' east coast operations.

Poynton Stavrianou has laid claim to being Perth's largest fully-independent investment bank after appointing a new director and reporting growth in its operations.

The national unemployment rate is now lower than Western Australia's, with a rate of 4 per cent across the country slightly less than 4.1 per cent out west.

With explorers well funded and strong commodity prices, all signs point to a lengthy period of activity.

Businesses are overcoming uncertainty to commit to Perth's office space, recent data suggests.

“It has been a busy year and it continues to be,” is how Simon Reed describes current market conditions in Western Australia.

Two recent acquisitions have helped Deloitte extend its lead as WA's largest accounting and consulting firm.

Shoe retailer Betts has posted a profit as it worked to rein in costs, but its annual report reveals negative net assets and falling cash reserves.

ASX aspirant Norcliffe Mining Services has finalised its acquisition of Enerflow Mining Services in its second notable buy of the year.

Accounting and advisory network BDO has confirmed it is moving from its Subiaco offices into the Perth CBD at the end of the year.

A Perth company that has partnered with Woodside Petroleum on multiple technology projects is raising capital to fund the global rollout of its ‘digital twin' technology.

Our weekly appointments wrap includes Tania Cheng, Byron Watson, Michele Villa, Stephen Edwell, Stephen Unerkov, Debra Osborn, Pierce McMahon, Reece McMahon, Adam Rompotis, Marcus Solomon and Kerry McCurdy.

Law firms Steinepreis Paganin and Thomson Geer and stockbroker Canaccord Genuity were the top deal makers in the June half.

Whacking cheap imported goods with GST was meant to give local businesses a fairer crack at online shoppers, and a review will check whether it's working.

International engineering company DRA Global has pressed the button on its long-anticipated ASX float, after a major ownership restructure earlier this year.

Wangara-based contractor McKay Drilling has agreed to sell all its shares in the company to a major Canadian firm for $80 million.

A Claremont-based tech company is seeking to raise $9 million to support the growth of a digital sales platform that has a small foothold in the residential property market.

Ferry operator SeaLink Travel Group has agreed to purchase family-owned business Go West Tours and three of its bus depots for up to $114 million.

Real estate firm The Agency Group appears to be attempting to drive growth amid a federal court case and speculation surrounding its solvency, appointing Geoffery Lucas as CEO.

Industry surveys by BDO and PwC have highlighted growing risks associated with cyber attacks, with the COVID pandemic providing a cyber reality check.

High net worth investors are looking to diversify away from the stock market, with private equity and property two of the preferred alternatives, a survey by BDO has found.

BDO has recruited three experienced staff to bolster its Perth-based remuneration and reward practice as it gears up to service new industries and geographies.

Our weekly appointments wrap includes William Campbell, Gary Ferris and David Fosberg.

Real estate firm The Agency Group Australia has taken its fight to stop the company from being placed in administration to the federal court.

National real estate firm The Agency Group has been placed in administration by an entity associated with its former director, which is claiming $379,000 in outstanding debt.

Local businessman Norman Asch and accounting firm partner Todd Grover have become the majority shareholders in Western Australian sign-making company Kingman Visual.

With the financial planning sector going through a historic shake-up, Business News looks at how four Perth groups are positioning themselves.

Accounting firm BDO has established a joint venture with Integro Private Wealth to offer financial planning and private wealth services, targeting medical professionals and business owners.

Perth's major accounting firms have about 70 per cent of their staff back in the office after COVID, but lots of variation sits behind that number.

Staff numbers at WA's accounting firms have experienced their largest fall in more than 20 years, though the change was highly variable.

National cyber security company CyberCX is planning further growth in Western Australia after announcing two acquisitions from Perth-based Vortiv.

Australia will suffer a $184.5 billion deficit as the coronavirus drives a wrecking ball through the economy.

Kewdale-based manufacturer Australian Valve Group has been bought by a major US-based competitor seeking to build its share of the Australian market.

Accounting firm RSM Australia has recruited Pippa Hobson and some of her risk consulting team, shortly after Ms Hobson left competing firm BDO.

Revised plans for two new towers at the old Emu Brewery site in Perth have officially been given the green light, following the City of Perth Local Development Assessment Panel's recommendation for approval by absolute majority last week.

Accounting firm BDO is closing down its local cyber and risk advisory offerings, with Western Australian chairman of partners Pippa Hobson among the staff losing their position.

New research from BDO has found Australian companies are unaware of the cyber security threats they're facing, despite becoming more sophisticated in how they manage the issue more broadly.