Oil and gas dealmaker Peter Allchurch has teamed up with fellow Aurora Oil & Gas founder John Kenny, and Houston-based geologist Neville Henry, to list US-focused shale oil hopeful Winchester Energy.
The Australian share market has closed modestly higher after the S&P 500 index in the United States finished above 2,000 points for the first time, helped by more encouraging data on the US economy.
Western Australian Premier Colin Barnett says he is disappointed that Moody's Investors Service downgraded the state's credit rating, describing the analysis as "very weak".
Movements in the US dollar and Ghanaian Cedi relative to the Australian dollar have combined with lower gold production and higher costs to drive Perseus Mining into losing territory.
Financing group ThinkSmart has reported a six-month net profit of $11.3 million, up 391 per cent from its posted $2.3 million in full-year profit result in February.
Sydney-based Tourism Property Investment Group has appointed commercial agent CBRE to sell the Ibis Budget Hotel on Great Eastern Highway, part of a nation-wide portfolio shuffle.
Frasers Property has launched the final stage of its Queens Riverside apartment precinct in East Perth, with inner-city apartment specialist MLG Realty appointed as exclusive selling agent.
Perth-based contractor OTOC says its diversification strategy and growth of its business divisions helped it raise full-year profit by 5 per cent to $5.46 million.
Falling commodities prices have hammered Seven Group Holdings' results, with the Kerry Stokes-led company reporting a 46 per cent fall in full year profit to $261.1 million.
Seven West Media has posted a $149.2 million profit for 2013-14 helped by cost cuts and improved television earnings, which helped it turn around its $70 million loss a year earlier.
The Australian stock market has opened higher following positive leads from US and European markets which have negated the downward effect of local stocks paying out their dividend.
The controversial split of shopping centre giant Westfield has been an early winner, delivering shareholders a $4.5 billion gain in less than two months.
The S&P 500 has finished above 2000 for the first time, capping a steep climb from 676 in March 2009, when the market hit bottom during the Great Recession.
Oil prices have traded mixed, with New York crude lifted as investors bet on another decline in commercial inventories in the United States, the world's largest oil consumer.
Subiaco-based explorer TNG has taken the next step towards formal agreements with South Korean steel giant POSCO over its Mount Peake vanadium project by signing a letter of intent with Global-Pacific Partners.
Mineral explorer and developer Mirabela Nickel still faces uncertainty as a going concern after coming out of administration in June, on the back of lower than expected nickel prices.
Mix 94.5 has continued to retain its lead as Perth's favourite radio station while 92.9 lost 1.3 per cent of its listeners, according to the latest radio survey.
The Australian share market has closed almost flat as modest gains among the major banks outweighed weakness in the big miners pressured by falling iron ore prices.
West Perth-based miner Metals X has reported a 332 per cent full-year profit increase to $37.4 million, alongside a 247 per cent surge in revenue to $238.6 million.
