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

Corporate Finance DealsView all

$350m offer for ASG Group

ASG Group's board has recommended its shareholders approve a takeover offer from a Japan-based consulting and IT services firm, which values the business at more than double that of a previous bid three years ago.

BrainChip soars on Las Vegas casino deal

Shares in technology company BrainChip Holdings have skyrocketed on news the company has landed a deal with an unnamed Las Vegas casino.

Breaker taps investors for $12m

Perth-based gold explorer Breaker Resources has confirmed a $12.4 million capital raising to fund ongoing work at its Lake Roe project near Kalgoorlie.

Echo, Metaliko confirm $39m merger

Investors have reacted well to news that gold-focused companies Echo Resources and Metaliko Resources will merge in a deal worth $38.9 million.

MMJ to list Canadian subsidiaries

MMJ Phytotech has announced plans to spin-out its medical cannabis-focused Canadian subsidiaries onto the TSX Venture Exchange through the reverse takeover of a resources company.

Most CommentedView all

BHP renews attack on Nationals

BHP Billiton's top Australian executive has stepped up the company's criticism of the WA Nationals' planned iron ore tax hike, two days after an opinion poll found high support for the proposal.

Perth CBD needs a new plan

The state government has spent $3.5 billion over the past decade in the CBD and the Swan River foreshore, generating an expected $8.2 billion worth of spending by the private sector, but making all the pieces work together remains a significant challenge.

Death by numbers, do we need a census?

Perhaps it is time to reconsider why we need to survey the nation every five years. 

Green light for Kwinana lithium plant

A $400 million lithium processing plant to be built in Kwinana has got the green light, with West Perth company MSP Engineering to act as head contractor.

Site for western suburbs high school secured

The state government has locked down a site for a new public secondary school in Perth's western suburbs that will open its doors in 2020.

Politics & the EconomyView all

Investment drop hits construction

Falling private sector investment in heavy industry and electricity generation were major contributors to a big drop-off in total construction and engineering work in Western Australia in June, down 21.7 per cent quarter on quarter to $6.75 billion.

Bank buys $1.35bn Keystart loan book

The state government has sold $1.35 billion of Keystart housing loans to Bendigo and Adelaide Bank, but the divestment wasn't as big as it had hoped.

Backpacker tax reduced, travel fees to rise

Western Australia's hospitality and agricultural industries have welcomed the federal government's decision to amend its planned backpacker tax, but the tourism body says it will cost the state jobs nevertheless.

Australia set for years of low rates: economist

Australia's interest rates are likely to stay low for years, perhaps even decades, a top global economist warns.

Porter opens conversation on data-driven welfare

Two reports last week took quite different approaches to welfare reform, but both were a move away from the approach undertaken in the 2014 budget.

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PropertyView all

Malaysian group plans $100m Cockburn project

Malaysian property group Seri Mutiara Development is planning a $100 million residential project in Perth's southern suburbs, having bought three plots of land at Cockburn Central West.

Perth's new icon revealed at Elizabeth Quay

A public art gallery and viewing platform 45 storeys above the ground will create a new tourist drawcard at Elizabeth Quay, with the latest development at the state government's flagship redevelopment project unveiled today.

Large number of Perth homes sold at a loss

About one in five homes resold in Perth are done so at a loss, new data has revealed, with the city's western suburbs among the hardest hit.

Uniqlo on its way to Perth CBD

Japanese fashion retailer Uniqlo will open its first Western Australian store in Perth's Murray Street Mall, with a flagship two-level shop anchoring a $6 million redevelopment of Plaza Arcade.

Landlords look at upgrades to lure new tenants

CBD landlords are continuing to invest in their assets to ensure they remain relevant in an increasingly competitive office market.

Arts & CommunityView all

Top Lion hears positive message on Perth foundation

Perth has hosted the head of Lions International for the first time in four decades, with US-based Bob Corlew in town this month to see first-hand the impact of the Lions Foundation of Western Aust

Giving voice to topical issues

In the age of social media, led by a generation of digital communicators, it may seem remarkable a tradition dating back millennia has not only survived, but is thriving.

Nerves, dreams, desires...

PHOTO ESSAY: A month before the Telstra Perth Fashion Festival, more than 150 models fronted an industry panel in the hope of being selected to walk the runway in one of the fashion parades during the six-day event. 

Designers hatch plans for local, overseas growth

SPECIAL REPORT: Slower growth in discretionary spending is a challenge for some local fashion hopefuls, but export markets and tech-style accelerator programs are presenting opportunities.

Staff health a strategic move

Western Australia workplaces are taking a big-picture view of employee wellbeing, implementing programs to target mental, social, financial and physical health.

EnergyView all

Renewable shift for Onslow

More than half of the electricity used in the Pilbara town of Onslow will be sourced from renewable sources by 2020, with the state government today announcing it will be home to Australia's largest distributed generation microgrid.

Programmed slides after guidance cut

Shares in Programmed Maintenance Services have slid more than 20 per cent after the labour hire and maintenance group slashed its earnings guidance for the current financial year.

Carnegie in Garden Island microgrid grant

Perth-based renewable energy technology developer Carnegie Wave Energy has won a $2.5 million grant from the Australian Renewable Energy Agency for a wave and solar power microgrid it aims to develop on Garden Island.

AGL announces buy-back, earnings lift

AGL Energy has forecast a lift in underlying profit for the current financial year while also announcing a near $600 million share buy-back and a higher dividend payout as it benefits from strong electricity margins.

Citation enters voluntary administration

Citation Resources has appointed KordaMentha as voluntary administrators, while the oil and gas company continues to pursue recovery of funds through a civil action against former director Peter Landau.

"Mark My Words" PodcastsView all

30 September 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss city retail, Elizabeth Quay developments, ICT mergers and acquisitions and our special report on residential building.

23 September 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss state politics, lithium developments, financial failures and our special report brewing.

22 September 2016

PODCAST: Business News chief executive Charlie Gunningham discusses the local tech startup scene with the director and co-founder of local venture capital firm Yuuwa Capital Matt Macfarlane and the founder of the Spacecubed and Flux coworking spaces Brodie McCulloch.

16 September 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss newspapers merger, law firms growth, tourism down south and what’s happening in the gold sector.

09 September 2016

In this Business News podcast Mark Pownall and Dan Wilkie discuss property planning, builders fraud, Fastbrick Robotics and fashion.

Food & WineView all

Little Dove win a gauge of local craft brewers’ art

SPECIAL REPORT: Western Australian breweries' continued success is building on a rich brewing pedigree.

Carrying the can for craft beer

SPECIAL REPORT: There's a definite case of old school meets new school going on in the boutique brewing set, with aluminium cans increasingly the container of choice among the craft beer crowd.

Brewers, bars team up to grow craft consumption

SPECIAL REPORT: WA brewers are finding that it's better for the industry if they work together.

Watchdog takes Pastacup franchisor to court

The competition regulator has initiated Federal Court proceedings against Perth-based franchise chain Pastacup and its co-founder Stuart Bernstein for alleged breaches of the Franchising Code of Conduct.

WA venues top national awards

Two Western Australian businesses and a WA venue manager have won major titles at the Australian Hotels Association national awards for excellence, announced at the Royal Pines Resort on the Gold Coast last night. 

Special ReportsView all

Something brewing

Something brewing

23 September 2016

Western Australian brewers work together to build on rich beer pedigree

Brewers, bars team up to grow craft consumption
Carrying the can for craft beer
Little Dove win a gauge of local craft brewers’ art
On the runway

On the runway

12 September 2016

US market draws WA designers as local dynamics shift

Designers hatch plans for local, overseas growth
Well at Work 2016

Well at Work 2016

08 September 2016

Business News' annual health check on WA workplaces

Identifying workplace safety risks
Caught short on workplace wellness
Staff health a strategic move
Buyers' choice

Buyers' choice

29 August 2016

Retail emerges as the standout performer in property.

The future, coming to a mall near you
Neighbourhood centres the place to be

MiningView all

State govt green lights Rio's Western Turner expansion

The state government has given its tick of approval for Rio Tinto to develop more iron ore deposits at the mining giant's Western Turner Syncline operation near Tom Price.

$110k fine over WA mine worker death

A company has been fined $110,000 over the death of a worker at a mine in Western Australia's East Pilbara region.

Grimbeek touts South32 performance

South32 Australian chief operating officer Ricus Grimbeek has pointed to the company's share price performance against BHP Billiton to show that its assets shouldn't be considered poorer quality, speaking at a WA Mining Club lunch today.

Gold Road to spend $18m on early work at Gruyere

Gold Road Resources has been given the green light to build an accommodation village and an access road at its Gruyere gold project, which it says will cost about $18 million.

Iron ore survivors plan reset

A couple of smaller miners that rode out the slide in iron ore prices could be the early movers in a more widespread revival in the sector.

OpinionView all

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss city retail, Elizabeth Quay developments, ICT mergers and acquisitions and our special report on residential building.

Lacking the confidence to lead

A lack of political direction and inertia across much of the economy are an unhealthy combination.

Conform and perform the model ‘type’

The 'type' of salesperson you are will go a long way to determining how well received you are by your boss, your co-workers, and your clients.  

Gaming the system might be the best bet

Disruption is affecting the GST allocation model, so when will that change?

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss state politics, lithium developments, financial failures and our special report brewing.

RetailView all

Woolies considers petrol stations sale

Struggling retailer Woolworths is considering offloading its petrol stations, not long after striking deals to rid itself of its loss-making hardware business.

JB Hi-Fi up on Good Guys buy

JB Hi-Fi shares have soared after returning to trade for the first time since the electronics retailer announced an $870 million takeover of The Good Guys.

Myer is a stronger business, CEO says

Department store chain Myer has shown signs its turnaround plan is working after it more than doubled its full-year profit to $60.5 million.

Wesfarmers fighting on two fronts with Homebase in far-flung Britain

ANALYSIS: No-one knows how long it might take for Wesfarmers' foreign foray to bear fruit, and at what cost.

JB Hi-Fi downplays takeover speculation

JB Hi-Fi has responded to renewed media speculation by saying that it is continuing acquisition discussions with whitegoods retailer The Good Guys but nothing has been finalised.

Most viewed people

Andrew Donnelly

Andrew Donnelly

Former Chief Executive Officer, Reliance Group

Dacre Alcock

Dacre Alcock

Former Chief Executive Officer, Shire of Dowerin
Former Manager, Finance &
Administration, Shire of Coorow

Victor Goh

Victor Goh

Director, AAIG

Thought LeadershipView all

What is the digital bait to hook a top applicant?

It's common knowledge that often the best applicants are currently employed, however recent studies suggest that nine out of ten Australians are keen to know about a job opportunity regardless of h

Are your wages on the nose? You can cut wages to spite your face

In this current economic climate, many small businesses find themselves faced with the prospect of cutting wages costs. Gone are the 'boom' years when the main concern was finding the

Practical Engineering - Getting the hands dirty again and training for the future.

With the future of manufacturing, construction, innovation and development in Australia over the next 20 years of vital importance to the resource sector, it's time to reset and rethink how we plan

Learning and Development on a Budget

Your budget for the next year is set and one of the casualties is learning and development; meanwhile your employees are asking what training is available in the coming year. Bel

How can remuneration benchmarking impact your bottom line?

The changing Australian economy has resulted in a greater focus on operating costs for many businesses. Employees are often an organisation's greatest resource, and typically they also represent t