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

Corporate Finance DealsView all

Paladin to raise $275m from project sales

Debt-laden uranium miner Paladin Energy has struck agreements to sell an interest in two of its projects, with total proceeds expected to be $US205 million ($A275 million).

RESIMAC to take over Homeloans

An investment group led by Sydney-based Duncan Saville is set to gain control of Homeloans, after the Perth-founded mortgage lender struck a takeover deal with competitor RESIMAC.

BidEnergy, Syntonic start trading

Shareholders in one-time mining companies Cove Resources and Pacific Ore have enjoyed solid gains after the two companies resumed trading on the ASX as tech plays, with one chaired by former Alinta

Tech firm to buy mining project

Listed companies IM Medical and Rox Resources have struck a $15 million project deal that highlights the shift in market interest from technology stocks to the mining sector.

Emerald, Renaissance to merge

Two local gold hopefuls with interests in a Cambodian project have announced a merger, with Emerald Resources to buy Renaissance Minerals in a deal valued at about $40 million.

Most CommentedView all

Legal fight looms over tower rejection

The rejection by planning authorities of a 44-storey apartment proposal on Mill Point Road in South Perth is unlikely to be the last word in the battle over the contentious project.

Back door closes as another opens

The political and regulatory climates appear to have synergised, making increased private investment in the startup sector more likely.

WA house price falls to continue in 2017

House prices are expected to continue falling in Western Australia, with a survey of property professionals showing sentiment in WA is by far the worst of any state.

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss shopping centre expansions, decentralising government agencies, apartment battles, asbestos dramas, and lithium heads our corporate

Family Zone gateway to opportunity

Tim Levy has already built two successful businesses, and has global ambitions for his latest startup.

Politics & the EconomyView all

No great surge in inequality as economy grows

The richest 1 per cent of Australians have become less well off in the past eight years, while net wealth in the bottom 10 per cent of households has continued to grow, according to the Melbourne Institute's Hilda survey report.

RBA shrugs off Brexit, rate cuts loom

The Reserve Bank says Brexit fears won't hit the global economy too hard, but more sluggish local consumer prices could set the scene for an August rate cut.

WA confidence down but not out

More than half of respondents to a survey of 1,200 Business News subscribers and users believe the state's business environment deteriorated in the 2016 financial year.

Canavan promoted to resources ministry

Prime Minister Malcolm Turnbull has promoted little-known Queensland Nationals Senator Matt Canavan to a cabinet position as resources minister, with Josh Frydenberg moving from that role to the portfolios of energy and environment.

Asbestos find sparks building review

The state government has flagged the possibility of a broad inquiry into the use of imported building materials after confirming today that roofing panels supplied by Chinese company Yuanda to Perth Children's Hospital contained asbestos.

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PropertyView all

West Perth vacancy hits record high

Commercial landlords in West Perth are coming under increasing pressure to retain tenants, as the near-city suburb's office vacancy rate hits all-time highs.

Hospitality highlights Whitford City revamp

A new dining and entertainment precinct will open late next year in the northern suburbs, featuring up to 10 new restaurants and an eight-screen cinema complex.

Property price growth proves possible: Reiwa

Perth's residential property market may be enveloped in a cloud of doom and gloom, but the Real Estate Institute of Western Australia has released a list of eight suburbs across the city that recor

KPMG, CGU join race for office space

Global accounting giant KPMG and insurance group CGU have joined a host of firms searching through Perth's 400,000-plus square metres of vacant office space for new homes.

Australian home owners to become minority

The great Australian dream of owning a home is becoming more of a fantasy, with fewer than half of adults expected to become a home owner in the next few years.

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.

Arts & CommunityView all

Initiative plots pathways for Aboriginal women’s leadership

Not-for-profit group Leadership Western Australia chose the recent NAIDOC week celebrations to launch a new program tailored to building the leadership skills of Aboriginal and Torres Strait Islander women.

Historic Freo home for DADAA

The City of Fremantle has announced not-for-profit organisation DADAA as the new tenant for Fremantle's historic Old Boys' School. 

National spotlight on Barking Gecko

Western Australian theatre group Barking Gecko has been nominated for two Helpmann Awards for its recent production of Bambert's Book of Lost Stories. 

Tech approach for homeless youth

Vinnies has embraced technology in its latest tactic to engage street youth.

Cable connection to Nyoongar film

More than two decades ago, Barry Cable cycled from Perth to the Melbourne Cricket Ground to toss the coin for the 1993 AFL Grand Final. 

EnergyView all

Santos reaffirms guidance after steady Q2

Energy giant Santos has reaffirmed its full-year production and sales guidance after posting an eight per cent rise in quarterly production and a 25 per cent jump in sales volume.

Low oil prices hit Woodside revenue

Woodside Petroleum's second quarter sales revenue and production have fallen due to lower oil prices and an earlier refurbishment at its North West Shelf gas facility.

Oil Search backs down from InterOil bid

Papua New Guinea-focused Oil Search has backed down from a bidding war with global energy giant ExxonMobil, choosing not to raise its near $3 billion bid for New York-listed explorer InterOil.

Oil Search mulls revised bid for InterOil

Australian oil and gas producer Oil Search could find itself dragged into a bidding war over InterOil after a counter-bid by global energy giant ExxonMobil.

Nahan touts Horizon plans

Treasurer Mike Nahan has said encouraging private investment in the Pilbara electricity grid could reduce its excess capacity and also energy prices in the north west, at a Committee for Economic Development of Australia lunch today.

"Mark My Words" PodcastsView all

22 July 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss BHP’s fifo move, Raine Square, CBD leasing, residential housing markets and onshore oil and gas.

15 July 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss shopping centre expansions, decentralising government agencies, apartment battles, asbestos dramas, and lithium heads our corporate

11 July 2016

Business News Head of Content Mark Pownall joins Jane Marwick on Drive every Monday. Today they spoke with two WA business successes; SEQTA education software, and Injury Connect.

08 July 2016

In this Business News podcast Dan Wilkie and Mark Beyer discuss Total Shareholder Returns, the federal election, Western Power, Port Hedland development, Perth tech startups and WA property.

01 July 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss Rising Stars, Satterley, Subiaco Pavilion, David Flanagan, Woodside and indigenous business.

Food & WineView all

Hippocampus distils positive memories

Little Creatures co-founder Howard Cearns' penchant for placing himself ahead of the curve has taken a fresh turn, with his newest venture recently opening its cellar door to the public.

Good Food and Wine show kicks off

The Good Food and Wine show opened its doors to Perth this morning marking the beginning of a three day festival that showcases over 200 stalls including a select number of small Western Australian artisan businesses.

Firewater Grille named best hotel restaurant

Firewater Grille at the Duxton Hotel Perth has won the 2016 World Luxury Restaurant award for best hotel restaurant in Australia.

Burt immersed in a voyage of discovery

SPECIAL REPORT: A family affinity for agriculture gave her a start, but Alexandra Burt has found Voyager Estate an enriching experience.

Green shoots trimmed by WET conditions

SPECIAL REPORT: After more than a decade of oversupply, winemakers are disappointed that tax issues might hurt an industry recovery.

Special ReportsView all

Corporate Finance June 2016

Corporate Finance June 2016

18 July 2016

Gold, lithium plays dominate June Quarter deals.

Lithium, gold stocks lift deal flow
Shareholder Returns 2016

Shareholder Returns 2016

11 July 2016

Mining stock are again leading the way in shareholder returns, but this times it's not the iron ore players doing the business

‘Speculative’ mining  stocks head a varied  field of performers
Gold stocks emerge as top 30 force
Indigenous Business 2016

Indigenous Business 2016

04 July 2016

Indigenous contractors targeting diversity
Apartment life

Apartment life

20 June 2016

Developers stand up in patchy market

Developers hold firm amid market pressure
New players have major apartment plans

MiningView all

Collective $37m in WA capital raisings

Six listed resources companies operating in commodities as diverse as gold, lithium and iron ore have announced a collective $36.9m in capital raisings today.

BHP closure creates Newman opportunity

Pilbara accommodation businesses run by one-time trucking boss Craig Mitchell and the Collinson family are set to be the winners from BHP Billiton's surprise decision to close Kurra Village in Newman, which at its peak houses up to 1,600 fly-in, fly-out  workers

Bushnell takes reins at Brierty

Peter McBain has stepped down as chief executive of mining and civil contractor Brierty after a series of financial and operational setbacks, and will be replaced by the company's chief operating officer.

Regis up on quarterly

Gold production and cash costs have both outperformed financial year guidance for Regis Resources, with shares in the company enjoying solid gains today.

Samsung ahead in contract dispute

Laing O'Rourke had a pyrrhic victory in the Court of Appeal today, when it managed to overturn a previous adverse ruling but it appears the construction contractor still won't be getting the $45 million it was awarded by an adjudicator in 2015.

OpinionView all

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss BHP's fifo move, Raine Square, CBD leasing, residential housing markets and onshore oil and gas.

Juno quest built on more than heroic assumptions

Aiming high is a noble goal, in science and in business, but the journey becomes perilous if the fundamental building blocks aren't in place.

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss shopping centre expansions, decentralising government agencies, apartment battles, asbestos dramas, and lithium heads our corporate

Federal failings mould state strategy

Malcolm Turnbull's campaign failings have highlighted the danger of giving your opponent a free kick, and WA Liberals are sure to heed the warning.

The move to simpler marketing

The belief that the public can consume its way to happiness has been the prevailing doctrine (certainly in the Western world) for more than a century. But does it work?

RetailView all

Dick Smith creditors miss out on $260m

Dick Smith's management focused on increasing revenue at the expense of sustainable growth, administrators for the failed electronics retailer says.

Woolies could spark price war, UBS warns

Woolworths is at risk of making further price cuts in what will ultimately lead to a full-blown supermarket price war, analysts warn.

Medibank customers face statement delay

Medibank Private won't be able to provide annual tax statements on time to the majority of its customers because of a problem upgrading its technology.

Sales tightened for DVG in 2015

Big private car retailer DVG Automotive Group has released its results for the 2015 financial year, showing a tightening economy had not significantly hit its sales ahead of the sale of a majority stake to Japanese interests.

SUVs preferred as new car sales fall

New car sales in Western Australia dropped again last month, with a rise in SUV sales unable to counteract a slump in passenger vehicle sales.

Thought LeadershipView all

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

Social media imperative in crises

Recent disasters such as that in Orlando and Brussels have brought home the importance of social media during a crisis.

Whether you like it or not, you compete with Uber

You might think you don't compete against Uber. The reality is you do. We live in a world where we all need to continuously become more efficient.

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.

Most viewed people

Sam Mangione

Sam Mangione

Non-Executive Director, Global Construction Services
Managing Director &
Co-owner, Instant Waste Management
Non-Executive Director, New Energy Corporation

Roger Steinepreis

Roger Steinepreis

Non-Executive Chairman, Apollo Consolidated
Chairman of Partners, Steinepreis Paganin
Director, Latitude Consolidated

Ken Brinsden

Ken Brinsden

Chief Executive Officer, Pilbara Minerals

Susmit Shah

Susmit Shah

Joint Company Secretary, Equus Mining
Company Secretary, Tiger Resources
Non-Executive Director &
Company Secretary, Burey Gold
Company Secretary, Manas Resources
Non-Executive Director, Kangaroo Resources

Adam Sierakowski

Adam Sierakowski

Non-Executive Chairman, Coziron Resources
Director, Price Sierakowski Corporate
Director, Trident Capital
Chairman, Kinetiko Energy
Chairman, iWebGate