NRW Holdings emerged from a trading halt this morning with its share price nearly tripling in value on the back of news yesterday that its joint venture with Salini Impregilo had been named the preferred contractor for the $2 billion Forrestfield-Airport Rail link.
Profit has soared at Australia's biggest private health insurer Medibank Private, thanks to premium rises and a crackdown on improper health insurance claims.
Automotive Holdings Group has posted a solid half-year result with profit and revenue up, driven mostly by the company's retail business but offset by its logistics divisions.
Energy giant Santos says it can withstand a prolonged slump in oil prices despite taking an eye watering $2.7 billion full-year loss due to $2.8 billion in write-downs.
Wall Street closed lower on Thursday, ending a three-day winning streak, as Wal-Mart shares dragged on the market after a lacklustre earnings report and oil prices pulled back.
Gold prices have risen just over two per cent, reversing earlier losses and lifting silver, as US equities resumed their downward spiral, renewing bullion's safe-haven appeal that has spurred the market's biggest rally in years.
Shares in miner and contractor Mineral Resources were up 13 per cent today after it announced dividends of 8.5 cents per share, about 60 per cent larger than what it committed to in November.
Watpac has revealed the financial impact of a dispute with BC Iron and declining work at Pluton Resources' Cockatoo Island project, including $41.7 million worth of write-downs.
BrainChip Holdings shares surged upwards 25 per cent today upon news it had developed advanced technology capable of learning, unsupervised, at high speed.
Perth contractor NRW Holdings has had a major boost, with the state government selecting the company's joint venture with Italy's Salini Impregilo as preferred contractor for the $2 billion Forrestfield-Airport Rail Link.
Mineral sands miner Iluka Resources has made good on its commitment to invest further in UK technology company Metalysis, announcing today a $12.2 million injection into the business with plans for another $8.1 million soon.
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.
Automotive Holdings Group has won regulatory approval for the sale of its Covs Parts business after agreeing to retain four regional stores, and has also expanded its east coast operations through another acquisition in Melbourne.
Telstra is on track to hit its annual financial guidance despite the telecommunications giant posting a flat first half net profit amid intense competition.
US stocks tallied their third straight session of gains on Wednesday, led by energy shares as oil prices jumped, while better-than-expected economic data helped allay growth fears.
The Australian dollar is stronger with the greenback falling amid news the US Federal Reserve has been concerned about global uncertainty and market volatility hitting the American economy.
Gold has held on to earlier gains and snapped three days of losses, after minutes of the US Federal Reserve's latest meeting showed policymakers considered changing their planned path of interest rate hikes in 2016.
Southern Cross Electrical Engineering says it has won $20 million in new contracts and extensions since the start of the year, including a contract for work at BHP Billiton's Jimblebar iron ore mine in the Pilbara.
Gold and nickel miner Independence Group has posted a first-half loss of $78 million on the back of impairments and the acquisition of Sirius Resources late last year.
Almost 80 contract variations worth more than $81 million tripled the cost of a Department of Health central computing services contract, with issues including more than 60 per cent of data racks going unused, the auditor general revealed today.
