The collapse of yet another Western Australian residential builder appears set to further upset the delicate state of the sector, with financiers, insurers, 350 trade creditors and as many as 130 home owners facing losses.
The Australian share market has closed higher as positive news from steelmaker BlueScope Steel and medical device maker ResMed buoyed investors ahead of the main company earnings season in February.
A higher iron ore price has helped Atlas Iron post operating cash flow of $58 million in the December quarter, as the company maintained that it would reach a net cash position by the middle of the year.
Copper-gold miner Sandfire Resources says it plans to use its strong cash position to pay off what remains of a $380 million facility it took out for construction of its DeGrussa mine in 2011.
Perth's hotel development boom is spilling out of the CBD and into the City of Belmont, but developers are encountering issues in providing enough parking to support their proposals.
Woodside Petroleum's impending move to its new offices has provided an unexpected visibility and branding boost, with the oil and gas company's logo appearing on two prominent Perth CBD skyscrapers.
Shares in Emeco Holdings surged after the mining equipment supplier posted a solid performance in the December quarter, with fleet utilisation numbers up and positive earnings results.
A strong fourth-quarter performance has helped Oil Search narrowly beat its full-year production guidance, and the company forecasts steady output for 2017.
Construction giant CIMIC Group has proposed to acquire all the shares it doesn't own in Perth-based Macmahon Holdings, with the deal valuing the target at about $174 million.
The Australian share market has opened slightly higher as strong commodity prices help offset negativity around US President Donald Trump's protectionist agenda.
The Australian dollar is virtually unchanged against its US counterpart which has fallen to a seven-week low against a basket of key world currencies amid investor concerns over protectionist rhetoric by US President Donald Trump.
Gold has risen to touch its highest in two months as unease over the economic policies of US president Donald Trump pushes investors towards safer assets while the US dollar and US bond yields fell.
Oil prices have fallen nearly one per cent as signs of a strong recovery in US drilling largely overshadow news that OPEC and non-OPEC producers were on track to meet output reduction goals.
Hall & Prior Health and Aged Care Group has today announced plans to proceed with a $67 million aged care facility in High Wycombe, due for completion in the second half of 2019.
One of state's biggest residential construction firms, Builton Group, has succumbed to the financial stresses engulfing the sector, appointing an external administrator earlier today after reports of the company's financial troubles emerged last week.
The parent company of self-storage business KeepSafe Storage has announced plans to open its third facility in Western Australia, committing $10 million towards the purchase of land in Welshpool and construction of the new site.
Australian Competition and Consumer Commission chairman Rod Sims has written to the local branches of two trade unions, saying they misrepresented his views on the float of Western Power in a recent advertisement campaign.
Australian shares have closed lower, weighed down by major logistics firm Brambles' profit warning and uncertainty around the direction of new US President Donald Trump's administration.
The board of Silicon Valley-based online recruitment company 1-Page has undergone a board shake-up, with Perth-based Andrew Chapman replacing two outgoing directors at the one-time high-flying company.
A local insurance broker and a data analytics specialist have teamed up to offer grain growers the same kind of cover as energy companies and construction projects.
A final investment decision on the state's next major greenfields iron ore project could come as early as next year, after Balla Balla Infrastructure Group today signed a state agreement with the government for a new transhipment port and rail facility in the Pilbara.
A new tourism venture has taken flight, with sightseers now able to make day trips down south via seaplanes that take off and land on the Swan River, as a second operator continues a long-running battle to gain regulatory approval for a similar service.
Primary Gold has promoted Garry Mills to the role of managing director, nearly a year after his predecessor resigned, with the company also foreshadowing a board-shake up in the coming months.
Subiaco-based lithium explorer Birimian has terminated a $107.5 million cash offer for its Bougouni project in Mali after the Chinese bidder failed to make a deposit in time.
The massive plunge by major logistics company Brambles has largely offset a modest boost to the Australian share market from investor optimism about Donald Trump's presidency.
