Austal has launched a $220 million capital raising to support its US operations, after which major shareholder Tattarang will get a board seat, while founder John Rothwell is selling down.
The European Central Bank, followed by the US Federal Reserve and then the Bank of China, have all confirmed that a new era of falling interest rates has arrived. Historically, small cap equity markets have consistently outperformed during times of monetary easing and these latest central bank moves suggest the period of small cap underperformance may be coming to an end.
Macquarie Bank has received a record fine from ASIC after an investigation found the institution failed to prevent suspicious orders on the electricity futures market.
US company Albemarle has appointed brokers to sell its stake in Liontown Resources, three months after Hancock Prospecting effectively blocked its $6.6 billion takeover bid.
Austal says it is regularly involved in discussions with potential suitors in response to reports several US investment funds had approached the Henderson-based shipbuilder.
Shares in lithium project developer Liontown Resources have jumped nearly 70 per cent after it disclosed US company Albemarle Corporation had submitted three takeover proposals.
Australian company profits have bounced back after dropping off steeply last quarter, with business inventories returning a softer-than-expected result.
Mineral Resources hopes to bolster its position in Western Australia's energy sector by acquiring Norwest Energy, of which keen Perth Basin investor Gina Rinehart is also a shareholder.
Shares in Mineral Resources fell sharply this morning after the iron ore miner revealed its realised selling price was less than half the benchmark price.
Northern Star Resources has sold a large portion of its Kalgoorlie operations to Evolution Mining on the same day it appointed Stuart Tonkin as the goldminer's new managing director.
The COVID-19 pandemic is forcing investors who have shunned Western Australian mining companies for decades (because they prefer buying shares in banks) to smarten their game or risk being left holding yield-free assets as bank dividends dry up.
What Christmas gave to Australian retailers, the bushfires are taking away, but there could be worse to come for shopkeepers and shopping centre owners when the latest international trends wash up here.
SPECIAL REPORT: The September quarter update to the BNiQ deals database shows that UBS, Sternship Advisors and Azure Capital have been the most active corporate advisers in the Western Australian market.
Carnarvon Petroleum plans a $79 million share placement and a $5 million share purchase plan to fund ongoing appraisal activities and initial development phases of its Dorado oil and gas discovery.
The Reserve Bank of Australia's stance on rates may be getting a little less neutral after Australian economic growth fell well short of the central bank's own downgraded forecast.
JPMorgan Australia chairman Robert Priestley has quit the ASX and Future Fund boards as a criminal case progresses against ANZ bank over a capital raising underwritten by the investment bank.
Copper miner OZ Minerals has launched a $444 million takeover bid for Avanco Resources, sending shares in the Subiaco-based ASX-listed exploration company soaring.
The share market has edged higher due to modest gains in most sectors, while the Reserve Bank's concerns about slow wages growth have driven the Australian dollar to a five-month low.
Western Australia's unemployment rate fell 0.2 percentage points last month, putting it among the top performing states for annual employment growth, according to new data.
Fortescue Metals Group claimed today that a new power station built by Canadian company TransAlta Corporation at South Hedland had failed to achieve commercial production, while the miner also announced it would buy back a second power station it sold to TransAlta in 2012.
The Reserve Bank of Australia has been forced to fire a stern warning at mortgage lenders, knowing any change to interest rates is a risk to fragile economic growth, economists say.
Six listed companies based in Perth have announced funding deals worth a combined $36.9 million, with the largest being a $20.6 million capital raising by gold explorer Orecorp.
The Reserve Bank of Australia has held the official interest rate at a record low, but left the door wide open to a rate cut next month and perhaps even more.
Unemployment in Western Australia increased slightly last month, with the jobless rate ticking up by 0.1 percentage point while the national rate remained unchanged.
Perth experienced a slight improvement in the Residential Property Price Index during the December quarter, but still suffered a 2.9 per cent fall for 2015 overall, the Australian Bureau of Statistics said today.
January brought a major reduction in the Western Australian unemployment rate, down 0.4 points to 5.9 per cent in seasonally adjusted terms, according to the Australian Bureau of Statistics, with a record number of women in jobs.
SPECIAL REPORT: Local firms Azure Capital and Hartleys punched above their weight in 2015 in what was a lucrative year for a handful of top corporate advisers in WA. Click through to see which corporate advisers, lawyers and brokers managed 470 M&A and capital raising deals.
