21/05/2008 - 06:29

Today's Business Headlines

21/05/2008 - 06:29

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Macquarie's golden run finally falters; Reserve fuels rate rise fears; SMS sheds jobs, seeks capital after grant axed; Mitchell expands WA presence with $6.2m agency buyout; New Orbital chief to run a full review of operations

Today's Business Headlines

Macquarie's golden run finally falters
Macquarie Group's 15-year golden run of 30 consecutive profit increases appear at an end, with the financial services combine admitting it will be had-pressd to match its latest record result of $1.8 billion. The West

Reserve fuels rate rise fears
Australians face further interest rate rises, with the Reserve Bank harbouring doubts that it has done enough to douse inflation fears. The Australian

SMS sheds jobs, seeks capital after grant axed
Osborne Park-based airframe testing technology company Structural Monitoring Systems has been forced to lay off about a third of its staff and halt research and development work after the Federal Government last week scrapped the Commercial Ready grants program. The West

Mitchell expands WA presence with $6.2m agency buyout
Advertising millionaire Harold Mitchell's Mitchell Communication Group will buy out the founding shareholders of its Perth media agency in a deal worth more than $6 million. The West

New Orbital chief to run a full review of operations
Incoming Oribital Corp boss Terrry Stinson has been asked to carry out a full-scale review of the struggling Balcatta engine technology group in the hope of finally delivering on the much-maligned company's promise. The West

 

THE WEST AUSTRALIAN

WA's housing affordability crisis will worsen, with the cost of building and average house set to jump by up to $16,000 within months on the back of skyrocketing prices for steel and oil, leading builder Dale Alcock warned yesterday.

Business: Macquarie Group's 15-year golden run of 30 consecutive profit increases appear at an end, with the financial services combine admitting it will be had-pressd to match its latest record result of $1.8 billion.

Osborne Park-based airframe testing technology company Structural Monitoring Systems has been forced to lay off about a third of its staff and halt research and development work after the Federal Government last week scrapped the Commercial Ready grants program.

Advertising millionaire Harold Mitchell's Mitchell Communication Group will buy out the founding shareholders of its Perth media agency in a deal worth more than $6 million.

Brewer Lion Nathan expects WA beer drinkers' growing preference for premium beer to drive sales in the States as overall market growth eases and the full impact of the Rudd Government's alcopop tax takes effect.

Incoming Oribital Corp boss Terrry Stinson has been asked to carry out a full-scale review of the struggling Balcatta engine technology group in the hope of finally delivering on the much-maligned company's promise.


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