IAG shores up its home defences
Insurance Australia Group is planning to slash about 600 jobs, slice its dividend payment and make a $350 million write-down to scale back its British operations, as the underperforming company charts a new path focused on its local operations. The Australian
Gas blast deflates Alcoa's numbers
The Varanus Island gas explosion is likely to slice as much as $65 million from US aluminium giant Alcoa's bottom line by the end of this quarter as it pays for diesel and sources replacement gas for its refineries in Western Australia. The Australian
Fortnum mine owner in strife as fund pulls loan
The owner of the Fortnum gold mine in the Murchison has collapsed for the second time in about a year after Eagle Gold Mines' funder suddenly appointed receivers. The West
Half-price tag on Chemeq HQ threatens payout
The receivers of the collapsed bio technology group Chemeq have been forced to halve the asking price of the company's Rockingham factory and headquarters, potentially dealing a blow to creditors' hopes of recovering more than $60 million. The West
Macmahon to establish Aboriginal contractors
Engineering group Macmahon Holdings will set up an aboriginal contracting business as players in the State's booming resources sector move to boost the prospects of North-West communitities by tapping into the indigenous workforce. The West
THE WEST AUSTRALIAN
Business: IAG yesterday unveiled plans to slash its dividend, as well as 600 Australian jobs as part of a restructure designed to put the company back on track and justify its rejection of a takeover bid from rival insurer QBE.
The owner of the Fortnum gold mine in the Murchison has collapsed for the second time in about a year after Eagle Gold Mines' funder suddenly appointed receivers.
The receivers of the collapsed bio technology group Chemeq have been forced to halve the asking price of the company's Rockingham factory and headquarters, potentially dealing a blow to creditors' hopes of recovering more than $60 million.
The corporate watchdog is investigating allegations of share price manipulation of Bill Express in order to stave off margin calls on the company's shares.
Engineering group Macmahon Holdings will set up an aboriginal contracting business as players in the State's booming resources sector move to boost the prospects of North-West communitities by tapping into the indigenous workforce.
