Balcatta-based drilling services company Imdex has confirmed reports it is seeking to undertake a $35 million capital raising to pay off debt, while also announcing a net loss of $22.5 million for the 2015 financial year.
Property giant Stockland is betting on Brisbane being the place to be for the next few years, as Sydney and Melbourne's booming markets finally come off the boil and the Perth market continues to slow.
Perth-based vehicle retailer Automotive Holdings Group has sold three of its east coast properties to trusts managed by Charter Hall, for $50.5 million.
Wall Street stocks have finished lower following a mixed batch of earnings from retailers, including Wal-Mart Stores, which tumbled 3.4 per cent after slashing its profit forecast.
Oil prices have risen modestly as traders looked ahead to weekly US commercial inventory data that could provide insights into demand in the world's largest consumer of crude oil.
Gold has fallen, as the US dollar rebounds following upbeat US housing data that supports views of a looming Federal Reserve interest rate rise, while silver tumbles on the heels of falling copper prices.
The Australian dollar is struggling to gain any ground, weighed down by Chinese share market volatility and an imminent Federal Reserve interest rate rise.
Securing Australia's economic future will require a strong focus on harnessing the nation's energy resources and further developing the global connections that provide pathways to both imports and exports. This is especially true in Western Australia, where energy is emerging as a sector of key state economic importance.
The Perth Market Authority's Market City is set to be the first major transaction in the state government's asset recycling program, as expressions of interest in the fruit and vegetable wholesaler closed with a number of potential bidders.
Infrastructure Australia has released its preliminary assessment of the Perth Freight Link, which concludes the project will deliver net economic benefits but also raises questions about its cost.
The state government is seeking to extend the weekend, with new legislation to allow Western Australian pubs, taverns and small bars to trade until midnight on Sundays introduced in parliament toda
Perth has been ranked the eighth most liveable city in the world, but only the fourth most liveable in Australia, behind Melbourne, Adelaide and Sydney.
Marine services business MMA Offshore is predicting a tough year ahead after posting a net loss of $51.3 million for the 2015 financial year, on the back of a $125 million impairment flagged last month.
Monadelphous Group says it will be looking to reduce costs to weather the current market conditions, with the company announcing a 23.6 per cent slide in net profit for the 2015 financial year, to $105.8 million.
ASG Group's share price slumped today after the IT services company reported weaker-than-expected annual results along with bonus payments to its top executives.
Sirius Resources has sold off all of the nickel and copper it plans to produce out of its Nova mine in the first three years, after signing an offtake agreement with Glencore today.
Shares in VDM Group were up 125 per cent on news it had attracted a new cornerstone investor for an $18 million capital raising, highlighting the company's planned shift from construction to mining.
Naracoota Resources has announced plans to exit mining and enter the tech sphere through the reverse takeover of a health informatics company backed by Perth technology entrepreneur Nathan Buzza, in a deal worth $12.4 million.
