Business News - Business, finance, political, & economic news.

Corporate Finance DealsView all

CVCheck taps investors for $7.6m raising

Online screening and verification company CVCheck has announced plans to raise up to $7.6 million from investors as it wraps up its acquisition of New Zealand-based company Resume Check.

Cancer move for local resources companies

Two Perth-based resources companies are planning to switch sectors with the acquisition of cancer-based biotechnology firms, with one planning a backdoor listing and the other seeking support for an IPO.

Juniors rattle tin for funds

Junior miners Azure Minerals, Cazaly Resources, Antipa Minerals and First Graphite have raised a combined $25.1 million to fund ongoing work at their respective projects.

Dotz Nano to be 8th Israeli ASX listing

Israel-based materials company Dotz Nano has joined the wave of tech firms from that country seeking to raise capital in Australia via a listing on the ASX.

Eden raises funds for US expansion

Innovative concrete manufacturer Eden Energy has tapped investors for a $10.3 million capital raising to fund the expansion of its product in the United States.

Most CommentedView all

Scaffidi fires back at Limnios

Embattled Perth Lord Mayor Lisa Scaffidi has lost the support of her deputy, with James Limnios calling for her to step aside following the release of another report into her conduct.

Diploma denies insolvency claims

Diploma Group chief executive Nick Di Latte has strongly denied claims by subcontractors that the ASX-listed company was behind on paying its bills, saying recent activity by the company had placed

Act soon or it’s all ideas, no boom

For Perth to become an innovation hub, in a global context, there will need to be a step-change from a range of stakeholders - the startup community and its funders, schools and universities, and, importantly, the state government - in order to support the structural change needed to achieve significant success.

Planning problems in Subi, South Perth

The City of Subiaco has been trumped by the metropolitan west development assessment panel, while residents in South Perth face a two-month wait to learn the fate of a contentious apartment project on Mill Point Road.

House prices improve

Perth house prices rose 0.5 per cent last month, with an industry analyst suggesting the worst may be over for local dwelling values.

Politics & the EconomyView all

Morning Headlines

Lithium duo in $700m merger

Oil dips after hitting $US50 a barrel

Oil prices have eased after topping $US50 a barrel for the first time in about seven months, while US stocks ended near flat after two days of strong gains.

Wall Street pauses after two-day rally

Wall Street has trodden water following two days of strong gains as advancing defensive sectors offset declines in materials, banks and other cyclical industries.

$A rises on US rate hike pessimism

The Australian dollar is strengthening on pessimism about a US rate hike in June.

Rinehart topples down rich list

Gina Rinehart has lost her position as Australia's richest person due to plunging iron ore prices and a bitter court battle with her two eldest children.

Upcoming Business News EventsView all

State Theatre Centre of WA, 174-176 William Street, Perth - 29 June 2016
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Hyatt Regency Perth - 09 August 2016
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PropertyView all

Builders adjust to market plunge

The state’s residential building sector is in line for the biggest single-year decline in building activity in its history.

Watchdog to shut down property agency

A Pilbara-focused real estate agency in Victoria Park has had a supervisor appointed to its financial operations and will be wound up under orders from the Department of Consumer Protection.

Mirvac, MRA terminate City Link agreement

The Metropolitan Redevelopment Authority has been forced to reassess its development strategy for the remaining lots of the Perth City Link, with a long-term agreement with Mirvac Group terminated today.

Ready-made for downsizer market

Boutique developer Baltinas Made has responded to demand for larger apartments at its latest Mount Street development, giving buyers the opportunity to custom-build dwellings.

Investors target CBD offices

Interest in commercial property in Perth’s CBD is on the rise, with interstate institutional groups and syndicators eyeing Perth as an alternative to crowded and competitive eastern states markets.

WA Event CalendarView all

WA's most comprehensive guide to forthcoming business-related events. To list an upcoming WA event on this page, complete the online submission form.
30 May 2016 | @ 03:00pm
31 May 2016 | @ 08:30am
31 May 2016 | @ 12:00pm
01 Jun 2016 | @ 09:00am
01 Jun 2016 | @ 09:00am
01 Jun 2016 | @ 09:30am
01 Jun 2016 | @ 05:15pm
01 Jun 2016 | @ 05:30pm

Arts & CommunityView all

Awards connects artists with business

The Perth office of global law firm Clyde & Co has continued its commitment to local artists with the announcement of a winner in its annual art project.

Family foundations back niche publisher

SPECIAL REPORT: A specialist indigenous publisher in Broome has achieved its most successful fundraising campaign, after Creative Partnerships Australia helped it secure the backing of two philanthropic family foundations in Perth.

Varied pathways to shared giving goal

SPECIAL REPORT: Activ Foundation and the Royal Flying Doctor Service are Western Australia’s two largest not-for-profit charities, yet they have very different approaches to philanthropy and fundraising.

Art gallery taps into corporates, startups

The Art Gallery of Western Australia has drawn on old supporters led by Wesfarmers and new partners like a robotics startup to help revitalise its activities.

Winners and losers in arts grants

Eleven Western Australian arts groups have secured four-year funding deals under a long-awaited announcement from the Australia Council for the Arts, leaving four WA arts groups that have been getting government funding with an uncertain future.

EnergyView all

EMC forms partnership with Eastern Guruma

Perth-based Energy Made Clean has struck a partnership deal with Aboriginal corporation Eastern Guruma for the rollout of solar power stations and solar water pumps in northern Australia.

LNG supply lifts as GLNG train 2 comes online

Australia’s national LNG production capacity is nearing 50 million tonnes per annum, as Santos today brought Train 2 online at its Gladstone project.

Programmed posts $98m loss, but revenue up

Programmed Maintenance Services has returned an annual net loss as a result of lower demand for marine services following the steep drop in oil and gas prices.

Tap calls truce with dissident shareholder

Tap Oil says it expects to resolve outstanding disputes with a dissident shareholder after announcing a major restructure that will see the current chairman retire and three new directors join the board.

Woodside buoyed by Myanmar gas estimate

Energy giant Woodside Petroleum is excited about the exploration potential of Myanmar after increasing its estimates for two offshore gas discoveries.

"Mark My Words" PodcastsView all

27 May 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss CityLink dramas, a new resources project, Perth media, Wesfarmers and wine.

20 May 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss Bell Group, Tony Galati, Uber, Gina Rinehart and philanthropy.

13 May 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss state budget, asset sales, Newspoll, the Lord Mayor and hotels and apartments.

06 May 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss Interest rates, the dollar, federal and state budgets, listings and capital raisings, and mining projects.

29 April 2016

In this Business News podcast Mark Beyer and Dan Wilkie discuss Geoff Rasmussen, NRW, defence contracts, Scoop Magazine, Quickflix, apartment developments and universities.

Food & WineView all

Colour at core of new Bravo apple’s appeal

A balancing act between the science of plant breeding and consumer preferences has produced a new apple variety, developed in Manjimup, in WA’s South West.

Point Fraser a coup for riverside dining

A 33-year wait for a major hospitality development on the Swan is almost over.

Red tape cuts for restaurants

The state government hopes to reduce the time required to secure approvals for starting a restaurant by up to three months through a $1.6 million ‘flying squad’ initiative.

Gage Roads makes Australia's best brew

A Western Australian brewery has produced the top beer in the country for the second time in three years, with Gage Roads Brewing Company taking home the top prize at the Australian International Beer Awards overnight.

Strategy shift for Gage Roads Brewing

Palmyra’s Gage Roads Brewing Company will wind back the amount of beer it makes for Woolworths' beverages arm, Pinnacle Liquor Group, to capitalise on its fast-growing range of own-branded craft be

Special ReportsView all

Mining projects - May 2016

Mining projects - May 2016

09 May 2016

Sifting through the slowdown

Digging deep  for resources opportunities
Building shift

Building shift

26 April 2016

Commercial construction in transition after the boom

Big shifts in commercial construction
Meeting indigenous job targets
Corporate Finance March 2016

Corporate Finance March 2016

11 April 2016

Tox Free a rare buyer in quiet market

Uncertain outlook for deals
Acquisitions deliver growth for Tox Free
Directors urged to prepare for disruption
Most Influential 2016

Most Influential 2016

29 March 2016

WA's leaders in politics and business

Big fish dominate a shrinking pond
Still tough at the top for women
Skirmishes behind the battlelines
Politicians have Klout online

MiningView all

More jobs go at South32

Mining group South32 has made about 270 roles redundant across its Australian and South African offices, on top of more than 1,000 job cuts earlier this year.

$350m salt project unveiled

German company K+S Group is planning to evaluate development of a $350 million salt project south-west of Onslow, six years after another salt project in the area was scrapped after facing widespread opposition.

Rio’s Lilleyman to retire

Rio Tinto executive Greg Lilleyman is leaving the company after 25 years, and will be replaced as group executive technology and innovation by the miner’s current head of exploration.

Nuts and bolts of mining innovation

With a strong focus on cutting costs in mining, many WA small businesses are developing ways to dig up resources smarter and cheaper.

BC Iron boss to step down

BC Iron managing director Morgan Ball is stepping down from the junior iron ore company, to be replaced by one of Kerry Stokes top executives.

OpinionView all

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss CityLink dramas, a new resources project, Perth media, Wesfarmers and wine.

10 minutes on leadership with … Andrew Crane

Leadership WA chief executive officer Robin McClellan spent 10 minutes discussing leadership with CBH Group CEO Andrew Crane, who said it was vital to be optimistic, focus on the long term, and pay close attention to high-performing teams. 

This week's property round-up

This week, Reiwa members reported an increase in weekly sales to 579. The overall 3 per cent increase in sales over the week is attributed to a 7 per cent increase in sales for houses and 1 per cent for units.

Taking tolerance to the edge

Where you set your personal ‘edges’ says a lot about the relationships you are capable of building.

Bad news always comes in threes

A three-pronged global financial storm is brewing, and it’s a sure bet resources sales to China won’t bail WA out this time.

RetailView all

David Jones boosts management team

David Jones has revamped its senior management team and created a new digital role to support the department store business’s continued overhaul.

Wesfarmers warns of $2bn profit hit

Wesfarmers' full-year profit will be hit by write-downs and restructuring costs of about $2 billion related to its Target department stores and Queensland coal mine.

Good Guys pushes ahead with IPO

Whitegoods retailer The Good Guys is pushing ahead with plans to float on the Australian Securities Exchange despite holding takeover talks.

Myer warns of warm winter headwind

Myer has reaffirmed its full-year guidance despite subdued sales due to the warm start to winter.

Woolworths a possible takeover target

Woolworths has declined to comment on a media report that it is a takeover target for private equity giant Kohlberg Kravis Roberts.

Thought LeadershipView all

Challenging the way we think - Innovation and designing for cost.

Over the past 18 months the drivers in our industry have changed, some would argue for the worse but I would argue for the better.

Employee engagement isn’t an issue in hard times…or is it?

The hard decisions have been made to consolidate your workforce to ensure your business continues to survive in an uncertain and volatile market.

Pursue performance not scale

The WA Mining Club’s latest Education Series unearthed an interesting discussion on innovation and technology. But are we doing it right? More of a good thing is not always better.

Genuine Redundancy – Guaranteed!

Downsizing…. Streamlining….. Restructuring…. Rationalising! Currently in Western Australia, these are all too common terms.

Finding the right applicants

There are plenty of job seekers looking for work at the moment.