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

Corporate Finance DealsView all

$30m fight for control of 1-Page

Perth-based director Andrew Chapman is at the centre of an escalating battle between the board and the management team at US-focused tech company 1-Page over control of the business and its $30 million of cash.

Spitfire in $5m Admiral buy

Perth-based Spitfire Materials is seeking to grow its gold exploration portfolio through the acquisition of a private company led by Pilbara Minerals directors Neil Biddle and John Young, in a scrip deal worth $4.7 million.

Navigator in reverse takeover

Perth-based Navigator Resources has announced plans to exit the resources industry by acquiring an Australian pharmaceutical business and relisting on the ASX through the backdoor.

Cirrus makes Melbourne acquisition

IT company Cirrus Networks has entered into an agreement to acquire Melbourne-based NGage Technology Group in a cash-and-scrip deal worth $2.5 million.

Sheffield's Thunderbird to cost $348m

Sheffield Resources has moved to the next stage of progressing its Thunderbird mineral sands project near Derby, after releasing a bankable feasibility study which revealed a development capex of $348 million.

Most CommentedView all

TFS rejects Ponzi claims

Indian sandalwood producer TFS Corporation has blasted US-based short-seller Glaucus Research Group for a scathing report which accused the Perth company of operating a Ponzi-like business structure.

Uni hits snag in new building plan

The University of Notre Dame has hit a roadblock for its plans to develop a new building in Fremantle, with council officers recommending the proposal be rejected because it is too tall for the port city's historic West End.

Job cuts at Crown Perth

Crown Resorts has reportedly cut more than 200 jobs at its Crown Perth entertainment complex in the wake of a 38 per cent fall in high-roller revenue.

Left turn at red light trial

Drivers will be able to turn left on red lights at 10 intersections across Perth under a trial announced by Liberal Transport Minister Bill Marmion if the party is re-elected next Saturday.

Grylls concedes seat

WA Nationals leader Brendon Grylls, who was the target of a $2 million mining industry advertising campaign, today conceded he's lost his seat of Pilbara to Labor's Kevin Michel.

Politics & the EconomyView all

Influence radiates from centre of power

SPECIAL REPORT: A small group of ministers and backroom advisers close to Mark McGowan will set the agenda for the new state government.

Labor hopes of upper house majority fall

Labor's chances of securing a working majority in Western Australia's Legislative Council have foundered after Liberal MP Simon O'Brien ruled out taking on the role of president .

Leading front on equity agenda

WA has the largest gender pay gap in the country, and Perth's top business leaders are determined to do something to change that.

GST share below expectations

New state Treasurer Ben Wyatt has labelled the latest recommended GST distribution "abysmal" and a threat to the state's finances after the Commonwealth Grants Commission recommended Western Australia receive 34.4 per cent of its per capita share. 

WA regional travel down

Air travel from Perth to Broome and Perth to Karratha fell dramatically in January compared to the same month in 2016, according to the latest data by the Bureau of Infrastructure, Transport and Regional Economics.

Upcoming Business News EventsView all

BelleVue Ballroom, Perth Convention & Exhibition Centre - 06 April 2017
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PropertyView all

Amenities add continues in Perth office stock

Building upgrades in the Perth CBD are bringing the city's workplaces in line with the best offices available worldwide.

East Perth hotel sold for $50 million

A Singaporean investment group has taken a long-term view on Perth's hotels sector, shrugging off plunging room rates and a massive wave of new developments to purchase the Crowne Plaza Perth for $50 million.

Access, interaction key features of Aloft offering

One of the newest entrants to Perth's hotels sector is promising a radically different approach to hospitality. 

Engineering group grows into new office

MSP Engineering has established a new headquarters in West Perth to cater for a bigger workforce as it builds a $400 million lithium processing plant in Kwinana.

RBA warns of rising risk in housing market

The Reserve Bank of Australia says there is reason to believe commodity prices could rise higher than expected but is concerned about increasing risks in the housing market.

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

Cafe serves Cat Haven support

The founders of local social enterprise Cat Cafe Purrth are hoping to open two more cafes later this year, thanks to the appeal of the business's cat, coffee and cake combination.

CEO lunch with Carolyn Chard

With WA Opera turning 50 this year, Business News sat down to lunch at Julio's with its general manager, Carolyn Chard.

Artist in residence with Johannes Pannekoek

The decision to sell his commercial business was the first of many steps into the unknown Johannes Pannekoek has taken in his pursuit of a career in art.

From vineyard to catwalk, sparkling couture

When Gary Cass spoiled a vat of wine by accidentally flooding it with oxygen ar a South West vineyard more than 20 years ago , he noticed a textile-like substance had developed inside the container

Small festival and pop-up bar push for WA

A Labor government would aim to cut red tape so more micro-festivals could be held across Western Australia, according to party leader Mark McGowan, but the Liberals say changes to deregulate the liquor industry are already under way.

EnergyView all

RCR wins another solar energy deal

Engineering and infrastructure firm RCR Tomlinson has won its second contract within a month to design and build a solar energy farm.

Long-term potential for biogas, hydrogen as domgas

Biogas and hydrogen could be injected into distribution networks to partially replace natural gas for use by industry and households within decades, according to a report released today b

Chevron boss warns against political threats

Chevron managing director of Australasia Nigel Hearne has confirmed a fourth LNG train at the Gorgon project won't be happening in the near term, while calling on governments not to buckle to calls for higher taxes and increased regulation that will reduce competitiveness of the industry.

Inpex to have name up in lights under new lease deal

Oil and gas giant Inpex will hang its logo 24 storeys above the Perth CBD, after confirming it will stay put at 100 St Georges Terrace, one of two new leases covering 20,000 square metres in the ISPT-owned building.

Carnegie to build $20m solar power station

Renewable-focused Carnegie Clean Energy has announced it is developing a $20 million, 10-megawatt solar power station in Northam, which it says will generate enough electricity to power 4,000 homes for 25 years.

"Mark My Words" PodcastsView all

24 March 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss TFS- Quintis, Kerry Stokes and mining investment, Western Force’s prospectus and who are the state’s Most Influential people?

20 March 2017

Royal Flying Doctor Service WA CEO Grahame Marshall talks to Business News head of content Mark Pownall about his career shift to head a not for profit six years ago and what he has learned on that journey, with an organisation that reaches every corner of our vast state.

17 March 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss the new state government, Alinta Energy, domgas and ICT.

10 March 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss 40under40, hotel room rates, Brett McKeon and the state election.

03 March 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss WA growth, Crown jobs, penalty rates and tourism.

Food & WineView all

Chains serve up $40m stores push

A big increase in takeaway spending in WA may not be flowing through to the big players, but they are still investing in market share.

Investa, Eureka offer glimpse of new QV1

QV1 co-owners Investa Property Group and Eureka Real Assets have unveiled the look of Perth CBD's newest food precinct, the $6.5 million first phase of nearly $150 million worth of redevelopment works at the 43-level office tower.

Red Rooster unveils new store concept

Red Rooster has chosen Northbridge as one of four locations where it will open new-format stores, with smaller-footprint operations designed to allow the barbecued chicken chain to secure more inner-city sites.

Bars, brewers keep up the craft work

A new wave of beer-focused venues is driving the continued evolution of Perth's small bar scene.

Many cooks make for great events

PHOTO ESSAY: Whoever coined the phrase 'too many cooks spoil the broth' clearly didn't work in a commercial kitchen catering for large events. 

Special ReportsView all

Most Influential 2017

Most Influential 2017

27 March 2017

Big changes among WA's political and business leaders

Influence radiates from centre of power
Information and communications technology 2017

Information and communications technology 2017

20 March 2017

Data drives ICT opportunities
Data centres target top tier
40under40 2017

40under40 2017

09 March 2017

Jahna Cedar leads next crop of entrepreneurial young leaders.

Cedar repositions Gumala for growth
Azimi works to plant positive seeds
Pfleger taking medical research out of the lab
Santa Maria creates commercial gains

MiningView all

St Barbara approves $100m project

Gold miner St Barbara has approved a major extension of its Gwalia operations, which will extend the historic mine to a depth of 2,000 metres below surface over the next seven years.

South32 launches $US500 million buyback

Perth-based miner South32 is launching a $US500 million ($A655 million) on-market share buyback as the BHP Billiton spin-off continues to benefit from the recovery in commodity prices.

Exploration spend up 13 per cent: BDO

Exploration spending among ASX-listed resources juniors increased about 13 per cent in the December quarter, the third consecutive uptick, according to recent research by professional services firm BDO.

Paladin to take action against JV partner

Uranium miner Paladin Energy says it has started arbitration proceedings against its Chinese joint venture partner over complications with its plans to sell a stake in its Langer Heinrich mine.

Downer down on $1.01bn raising plans

Shares in infrastructure and mining services company Downer have fallen more than 20 per cent after institutional investors showed limited enthusiasm for a capital raising to help fund its $1.26 billion takeover of cleaning and catering firm Spotless Group.

OpinionView all

Wait(ing) Awhile helps locals save on energy

OPINION: The rest of the nation has ignored the lessons learned in WA's energy market.

Langoulant blasts GST strategy

OPINION: The former WA under treasurer urges Mark McGowan to tackle state spending and secure federal funding for key infrastructure projects.

Mark my words podcast

In this Business News podcast, Mark Pownall and Mark Beyer discuss TFS- Quintis, Kerry Stokes and mining investment, Western Force's prospectus and who are the state's Most Influential people?

This week's property round-up

OPINION: Sales activity experienced a contraction over the week, with Reiwa members reporting a decrease in weekly sales to 650.

Stokes rides renewed yellow goods surge

OPINION: Western Australia has a new billionaire, or to be completely accurate, it has an old billionaire who has made another billion dollars over the past 12 months without anyone really noticing.

RetailView all

Myer surges amid takeover speculation

Shares in Myer rose nearly 20 per cent during late trading on the Australian share market today on speculation that someone may be considering a takeover play for the department store operator.

Slow return for retail sales

A recent report by professional services firm Deloitte Access Economics suggests retail spending could be slowly picking up in Western Australia, with recent official data finding sales grew 0.3 per cent in January after seasonal adjustment.

Old UK homes an opportunity for Bunnings

Old houses in Britain and Ireland are a key reason home improvement giant Bunnings expects its UK expansion to be a success.

SUVs still more popular in declining market

The pickup in the state's economy revealed in the latest GDP data hasn't flowed through to spending on new cars, with vehicle sales in February 13.7 per cent lower than the same month in 2016.

Customer focus keeps Camera Electronic in the picture

At a time when bricks and mortar retailers are facing an online onslaught, and with just about every person on the street having a camera in their pocket, Camera Electronic is fighting back, opening a new store in the CBD.

Most viewed people

Andrew Chapman

Andrew Chapman

Managing Director, Merchant Group
Non-Executive Director, 1-Page
Director, OzHarvest

Jim Chown

Jim Chown

MLC - Agricultural Region, Parliament of WA
Member, Liberal Party WA
MLC, Agricultural Region

Jacqui Boydell

Jacqui Boydell

MLC - Mining and Pastoral Region, Parliament of WA
Deputy Leader, The Nationals WA
MLC, Mining and Pastoral Region

Kim Parsons

Kim Parsons

Non-Executive Director, Entek Energy

Mark Lewis

Mark Lewis

Member, Liberal Party WA

Thought LeadershipView all

Improving Business Resilience with Cloud Disaster Recovery as a Service (DRaaS)

During 2016 many high profile enterprises (including the ATO and the ASX) suffered significant outages of critical IT services.

How Flexible are you?

Once upon a time flexibility in the workplace was the sole domain of working parents, however our changing world has seen an increased expectation across all areas of your business.  As with all change, this presents the organisation with a number of opportunities, as well as challenges.

Where is Perth’s next “Tourism Hotspot”?

It was just over a year ago that Tourism Australia launched its $40 million campaign "There's Nothing like Australia" highlighting the country's world-class coastal experiences and showcas

Making technology work for you in the 21st century

Technology is changing the world, but has it changed the way you do business?

Uber Engineers? A reset of the sector but maintaining the balance.

Welcome into the year of 2017 where we are back at the early stages of a new commodities cycle, or so we are led to believe.