The duo will have to offer major concessions, including perhaps the sale of IAG’s business in the State, to win regulatory approval of their $1.35 billion insurance tie-up.
Sean Smith
Shell is exploring the sale of its interest in the $34 billion North West Shelf LNG export plant in the Pilbara, sources have revealed
Stephen Stapczynski
The competition regulator has raised concerns the deal with Insurance Australia Group could lessen competition in the WA insurance market and send premiums higher.
Automic Group was set up in 2011 by a group of WA professionals led by Ben Kay who saw a chance to muscle in on the existing share registries servicing the hundreds of listed companies in Perth.
The Canadian group’s Australian arm has done good business in WA since buying out Patersons Securities six years ago, but chief executive Marcus Freeman believes it’s ‘sailing under the radar’.
NRW shares visited highs not seen since WA’s 2012 mining boom after revealing a $200 million deal set to expose the contractor to new work on data centres, defence and national infrastructure builds.
Simone Grogan and Daniel Newell
Fenix Resources has beefed up its fledgling Mid West iron ore empire after striking a $60 million deal with the world’s largest steelmaker.
Adrian Rauso
Mineral Resources’ key project is hitting its stride but flogging off mines, another truck rollover, and uncertainty about Chris Ellison’s tenure — and his voice — shows the chaos is yet to leave.
The listed stockbroker said the 88 per cent surge in full-year net profit to $10.3 million came on a revenue rise of just 10.6 per cent to $98.7m and was aided by increased activity by its dealmakers.
The electrical contractor’s full-year profit marched 44.5 per cent higher to a record $31.7 million as increased work servicing infrastructure and commercial developments sent revenue up 45 per cent to $801m.
Shares in Euroz Hartleys leapt 9 per cent as the firm confirmed it was “in the early stages of discussions regarding potential opportunities within the Australian market”.
The State Government has brought in a Big Four consulting firm to help hash out how much it could cost to take back control of WA’s freight railways from investment behemoth Brookfield Corporation.
Simone Grogan
The deal will expand Ampol’s national network to about 1100 sites, including 120 in WA, providing a platform to roll out more Foodary convenience stores and U-Go self-service stations.
Australia’s biggest insurer is tipping premium income will grow at “low to mid-single digits” in the 2025-26 financial year, reflecting “premium increases that cover moderating claims inflation”.
The insurer has no intention of following the RAC and hiving off its biggest business, reckoning it can better deliver for its 1.2 million policyholders by making its own acquisitions.
Andrew and Nicola Forrest are the biggest beneficiaries of Austal’s emergence as a strategically important shipbuilder in Australia and the US, more than tripling their outlay since jumping aboard in 2021.
Alloy Steel International, a family-owned WA manufacturer credited with pioneering a new wear-resistant alloy steel plate more than 30 years ago, has been bought out by NASDAQ-listed Lincoln Electric.
After merging their companies in one of the top WA deals of the year amid record prices, gold lads Mark Zeptner and Simon Lawson are emboldened a pro-mining State Government won’t kill their golden goose.
Beach Energy boss Brett Woods has sought to spark a national interest fight over Adnoc’s $30 billion mega buyout of Santos as he seeks to manoeuvre his company into the deal.
Matt Mckenzie
Shareholder meetings for VGW Holdings held on Friday have approved a $5.05-a-share offer by an Escalante family company, with more than 91 per cent of shares voted cash in favour of the buyout
Laurence Escalante’s long-time backers must decide whether to realise the hefty profits they’ve made on his lucrative casino games company or gamble on an uncertain future.
By assuming operating control of east coast’s Australia most important energy source from ExxonMobil, Woodside takes responsibility for the Bass Strait gas production assets and associated gas plants.
Mark Clark’s Capricorn Metals has used its share price muscle to make a $188m move for an explorer with a large landholding in a gold and copper hotspot.
The competition regulator says it is seeking more information from RAC and Insurance Australia Group about the competition impact in WA of the $1.35 billion sale.
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