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

Corporate Finance DealsView all

Elders

Elders makes $187m takeover bid for AIRR

AAP AAP
15 Jul 2019

Elders has made a $187 million scrip and cash offer for unlisted private wholesale buying group Australian Independent Rural Retailers.

VRX Silica

VRX signs Muchea silica deal

Adrian Rauso Adrian Rauso
11 Jul 2019

Shares in VRX Silica have surged to 16 cents today, a rise of 33 per cent, after it entered into a strategic alliance with China Southern Glass related to its Muchea silica sand project.

Argonaut

Private M&A boosts deals flow

Mark Beyer Mark Beyer
09 Jul 2019

The end of the financial year has triggered the sale of a spate of long-running private companies in Western Australia, including global tech leader Immersive Technologies, mining consultancy CSA Global and Action Industrial Catering.

Intermin Resources

Kingwest buys gold projects for $8m

Adrian Rauso Adrian Rauso
09 Jul 2019

Intermin Resources has reached an agreement to sell its Menzies and Goongarrie gold projects for a cash-and-scrip consideration of $8 million.

Oakover Wines

Yukich pulls Blue Cow from administration

Adrian Rauso Adrian Rauso
08 Jul 2019

Graeme Yukich’s European Foods has purchased Blue Cow Cheese, which went into administration last month.

Politics & the EconomyView all

Labour supply pressure point

Matt Mckenzie Matt Mckenzie
16 Jul 2019

Demand for construction workers in Western Australia could double within 12 months, putting pressure on wages and schedules, according to an industry analyst.

Albo weighs in on Perth 'meth zombie' statement

AAP AAP
16 Jul 2019

WA opposition leader Liza Harvey's blaming of "meth zombies" for Perth's weak retail sector talks down the WA capital, Labor leader Anthony Albanese says.

Committee for Perth

Perth still lacks ‘that one thing’

Jordan Murray Jordan Murray
15 Jul 2019

A Committee for Perth report has found many residents’ entrenched views about the city’s cultural offering remain hard to shift.

Funding boost for Bunbury Hospital

Business News Business News
12 Jul 2019

The state government today announced an additional $11.8 million towards the redevelopment of Bunbury Hospital, in addition to the $11 million already committed to the redevelopment in the state budget.

Government online portal offline for hours

AAP AAP
12 Jul 2019

Australians trying to take advantage of new tax breaks have been stymied as the main government services online portal went down for several hours.

PropertyView all

City of Kwinana

Costco has $50m Kwinana store in its sights

Adrian Rauso Adrian Rauso
16 Jul 2019

The City of Kwinana could become home to one of two Costco stores planned for Perth, after the Western Australian Planning Commission approved changes to planning guidelines to facilitate its development.

Norup + Wilson

Building starts on Applecross, Scarborough apartments

Dan Wilkie Dan Wilkie
12 Jul 2019

Construction has started this week on two apartment projects with a collective end value of $126 million, with Norup + Wilson launching its Beach Shack in Scarborough and Baltinas starting to build its Habitat Residences in Applecross.

Podcast: Office Hours with Damian Stone

Business News Business News
12 Jul 2019

Office Hours host Damian Stone is joined by one of Perth's foremost retail experts in Lease Equity's Jim Tsagalis, discussing retail challenges in Perth's CBD and high streets, major centre redevelopments and the wider retail environment. Later, Perth MLA John Carey joins Office Hours to talk about what's gone wrong on Beaufort Street, and what can be done to revive the once-popular shopping and hospitality destination.

ANZ Banking Group

WA property confidence second highest in Aus

Adrian Rauso Adrian Rauso
11 Jul 2019

Despite Perth’s house prices continuing to fall, confidence in Western Australia’s property industry is now the second highest of any state or territory, according to a new survey.

CBRE

Demand stokes office rent rise

Dan Wilkie Dan Wilkie
11 Jul 2019

Vacancies continue to fall in Perth’s CBD office market, pushing rents up for the first time since 2013.

WA Event Calendar View all

WA's most comprehensive guide to forthcoming business-related events. To list an upcoming WA event on this page, register with Scoop Online..

Arts & CommunityView all

Black Swan State Theatre Company

Black Swan reveals financial strain

Mark Beyer Mark Beyer
10 Jul 2019

WA’s major theatre company has reported a sharp fall in box office sales for the fourth year in succession, along with a small operating surplus, with a big donation from Minderoo Foundation helping to bolster its financial position.

Following Footsteps to self-sufficiency

Jordan Murray Jordan Murray
05 Jul 2019

Keegan Crage has launched an intensive, outcomes-based program called Footsteps to help lift people out of homelessness.

Grant means no need to borrow for The Faim

Jordan Murray Jordan Murray
03 Jul 2019

Perth-based band The Faim had something of a breakthrough year in 2017.

Govt to spend extra $30m on community services

Business News Business News
27 Jun 2019

The state government says it will reverse indexation changes made by the previous Liberal National Government, and commit an additional $30.2 million to the community services sector.

Meridian Global giving inspiration

Madeleine Stephens Madeleine Stephens
21 Jun 2019

The donation that giving circle Meridian Global Foundation provided to mental health charity zero2hero five years ago shows the impact targeted giving can have.

Featured PhotographsView all

Jessica Gethin, Perth Symphony Orchestra chief conductor and artistic director.
Fremantle Ports
Hadiqa Moroccan Restaurant & Bar at Hibernian Place
Meeting room and rooftop
Success & Leadership breakfast with Chris Sutherland, Programmed
Element office kitchen
The Melbourne Hotel
Conservatory
Riff powered by SpaceCubed
Riff powered by SpaceCubed

EnergyView all

Mannkal Economic Education Foundation

Twisted outcomes on the grid

Matt Mckenzie Matt Mckenzie
15 Jul 2019

Uptake of rooftop solar is being severely distorted by a flawed pricing structure for electricity, forcing higher costs across the grid, according to one of Australia’s leading authorities on energy markets.

NAIF awards $610m loan

AAP AAP
11 Jul 2019

Genex Power has secured a $610 million federal government loan to help finance its 250-megawatt pumped hydro project in far north Queensland.

South Regional TAFE

State government announces millions in funding for Collie

Jordan Murray Jordan Murray
28 Jun 2019

Regional Development Minister Alannah MacTiernan announced the Collie Future investment prospectus this morning, touting millions of dollars in funding for the regional town.

Horizon Power

Isolation brings positive push for microgrids

Matt Mckenzie Matt Mckenzie
27 Jun 2019

The vast emptiness of WA has proved to be an advantage when developing skills in the rollout of new electricity technology.

Gold Fields

$123m for minesite microgrids

Matt Mckenzie Matt Mckenzie
19 Jun 2019

Two microgrid projects worth a combined $123 million have moved forward today as the technology becomes increasingly mainstream, with Gold Fields and GMA Garnet mine sites to have big renewable power and storage components.

Food & WineView all

Rebelles aspire for Beaufort St revival

Matt Mckenzie Matt Mckenzie
08 Jul 2019

Liam and Sarah Atkinson have made what some might say is a rebellious move, taking the plunge and setting up a restaurant in the underperforming Beaufort Street precinct.

Cor Cordis

Blue Cow into administration

Adrian Rauso Adrian Rauso
27 Jun 2019

Food distributor Blue Cow Cheese has been placed into administration, with Cor Cordis’s Joseph Nipps and Clifford Rocke appointed as administrators.

Collins Foods lifts FY profit 20% to $39m

AAP AAP
25 Jun 2019

Collins Foods has lifted its payout to shareholders after strong sales at its Australian KFC network helped the company boost full-year profit 20.3 per cent to $39.1 million.

Miss Chow’s continues rapid expansion

Adrian Rauso Adrian Rauso
21 Jun 2019

Jacquie Chan is set for a busy few weeks, with four new venues under the Miss Chow’s Group banner set to open by the end of July.

Bunsters Hot Sauces

Hot prospects for Bunsters

Jordan Murray Jordan Murray
20 Jun 2019

One of Perth’s sauciest companies is seeking a $5 million valuation with a hand from the Perth Angels.

Special ReportsView all

Apartment developers 2019

Apartment developers 2019

15 July 2019

Heightened levels of competition are driving a design renaissance in Perth’s apartment market, as the city’s top developers stake their claim to market segments by establishing a point of difference through innovation and experimentation.

Design, innovation top priorities list

Design, innovation top priorities list

Dan Wilkie 15 Jul 2019
Canning Bridge an apartment hotspot

Canning Bridge an apartment hotspot

Dan Wilkie 15 Jul 2019
Great for the State – Edition 4: Indigenous Development

Great for the State – Edition 4: Indigenous Development

02 July 2019

In the fourth edition of Great for the State, we analyse the impact of Reconciliation Action Plans, report on four charities targeting Aboriginal youth development, and profile six prominent Aboriginal leaders:
- Business entrepreneur Barry McGuire

RAPs elevate words into tangible deeds

RAPs elevate words into tangible deeds 

Mark Beyer 02 Jul 2019
Milroy maintains fight for Australia’s children

Milroy maintains fight for Australia’s children 

James Bowen 02 Jul 2019
McGuire business in the bloodline

McGuire business in the bloodline 

James Bowen 02 Jul 2019
Wyatt’s old wounds still scarred

Wyatt’s old wounds still scarred 

Mark Beyer 02 Jul 2019
View 8 more >>
Indigenous Business

Indigenous Business

01 July 2019

  • We analyse Aboriginal procurement programs run by the federal and state governments
  • Talk to IPS Management Consultants and the Noongar Chamber of Commerce
  • Provide the latest news on contracts won by indigenous businesses
  • Update our BNiQ lists of WA's largest indige

Indigenous business thrives on opportunity

Indigenous business thrives on opportunity

Mark Beyer 02 Jul 2019
Contracts play practical role for community

Contracts play practical role for community

Matt Mckenzie 01 Jul 2019
Rising Stars 2019

Rising Stars 2019

26 June 2019

Masters & Co leads talented cohort of fast-growing businesses

Masters a study in service

Masters a study in service 

Jordan Murray 25 Jun 2019
Lithium growth sparks MSP

Lithium growth sparks MSP 

Matt Mckenzie 25 Jun 2019
Magellan sets out long-term goals

Magellan sets out long-term goals 

Adrian Rauso 25 Jun 2019
Teck Global solution powers growth

Teck Global solution powers growth 

Dan Wilkie 25 Jun 2019
View 6 more >>
Defence

Defence

17 June 2019

WA businesses are positioning themselves to participate in the national shipbuilding supply chain and longer term, have a strong chance to create a sustainment hub in Perth.

Our feature highlights:

WA defence sector aims to build on contract wins

WA defence sector aims to build on contract wins

Matt Mckenzie 17 Jun 2019
Blacktree broadcasts from Belmont to Britain and places in between

Blacktree broadcasts from Belmont to Britain and places in between

Matt Mckenzie 17 Jun 2019
Matrix the one for neo-materials

Matrix the one for neo-materials 

Matt Mckenzie 17 Jun 2019
Local defence ecosystem grows business

Local defence ecosystem grows business

Matt Mckenzie 17 Jun 2019

MiningView all

Arafura Resources

Arafura raising falls short of target

Adrian Rauso Adrian Rauso
16 Jul 2019

Arafura Resources’ rights issue has only raised only around a third of its $23.2 million target, with underwriter Patersons Securities set to be issued with $7.9 million worth of shares.

Galaxy Resources

Galaxy beats guidance

Adrian Rauso Adrian Rauso
16 Jul 2019

Galaxy Resources has reported strong production results in the June quarter, after it exceeded its guidance at the Mt Cattlin lithium operation despite shipment delays.

Rio Tinto

Rio flags $2.7bn Mongolia mine blowout

AAP AAP
16 Jul 2019

Rio Tinto shares are subdued in early trade after the mining giant flagged a scheduling blowout at its Oyu Tolgoi project in Mongolia that could cost it an extra $2.7 billion.

Dacian Gold

Encouraging results for Dacian and Gascoyne

Adrian Rauso Adrian Rauso
15 Jul 2019

Struggling gold miners Dacian Gold and Gascoyne Resources have both taken a small step in the right direction, after they announced positive production results today.

IndiOre

Questions over halted project investigation

Adrian Rauso Adrian Rauso
15 Jul 2019

A junior miner’s chief executive says he has voluntarily submitted to ASIC the contents of an internal investigation into a failed project expansion in India.

OpinionView all

Investment in quality counts

Mark Pownall Mark Pownall
16 Jul 2019

OPINION: Good journalism and a business model that supports it are vital for success in today’s media landscape.

New trade climate not so nice

Tim Treadgold Tim Treadgold
15 Jul 2019

OPINION: Now might be a good time for a walk down memory lane in terms of trade and business, particularly given the behaviour of some of the world’s major economies and political players.

Mark my words podcast

Dan Wilkie Dan Wilkie
Matt Mckenzie Matt Mckenzie
12 Jul 2019

PODCAST: Dan Wilkie and Matt Mckenzie discuss Manchester United, Gemmill Homes, BGC asset sales, office rents, Blue Cow Cheese, solar storage, apartment development.

Mark my words podcast

Mark Beyer Mark Beyer
Mark Pownall Mark Pownall
05 Jul 2019

PODCAST: Mark Pownall and Mark Beyer discuss Berrington Care Group, house prices, lithium projects cost, new retail and hospitality ventures, Minderoo plans, lotto fallout, and our special report on corporate finance.

Committee for Perth

Promoting Perth’s all-round appeal

Mark Pownall Mark Pownall
01 Jul 2019

OPINION: The WA capital’s great natural environment has seemingly blinded its residents to the other aspects that make the city a great place to live.

RetailView all

Michael Hill underpaid staff by millions

AAP Business News
11 Jul 2019

Michael Hill International says it will spend $10 million to $25 million to compensate employees who were underpaid over a six-year period.

State seeks museum proposals

Business News Business News
05 Jul 2019

The state government is calling for food, beverage and retail businesses to submit proposals to operate three commercial spaces in the new museum.

Woolworths

Woolworths to offload liquor and gaming

AAP AAP
03 Jul 2019

Supermarket giant Woolworths is combining its liquor and hospitality businesses ahead of a divestment next year.

Access key to online sales growth

Tim Treadgold Tim Treadgold
02 Jul 2019

The fact that online retail still comprises a relatively small part of total sales is cold comfort to bricks-and-mortar businesses.

Automotive Holdings Group

ACCC concerned about AHG takeover

Adrian Rauso Adrian Rauso
24 Jun 2019

The Australian Competition and Consumer Commission says it has concerns about AP Eagers’ $2.3 billion takeover of Automotive Holdings Group, due to a potential impact on competition in new car retailing in NSW.

SkylineView all

Skyline
Property Council of Australia

Property Council cautiously backs noise reforms

Mark Beyer Mark Beyer
Tayler Neale Tayler Neale
20 Sep 2018

The Property Council of Australia has welcomed proposed laws governing apartment projects in entertainment precincts, but has expressed caution about where the policy applies and its impact on planning approvals.

BGC Australia

Hibernian Place tops UDIA awards

Matt Mckenzie Matt Mckenzie
17 Sep 2018

BGC Development’s Westin Hotel and Hibernian Place development was picked as the top project in Western Australia in this year’s Urban Development Institute Australia WA awards.

CBRE

Regus takes space at new Raine Square office

Peter Kermode Peter Kermode
14 Sep 2018

International serviced office provider Regus is close to finalising a lease for new office space at Raine Square, being developed by Charter Hall Group.

Linc Property

Access key at Linc industrial estate

Peter Kermode Peter Kermode
12 Sep 2018

Mining services, logistics warehousing and food services firms are boosting demand for industrial property.

Sirona Capital

The Village Margaret River on the market

Peter Kermode Peter Kermode
05 Sep 2018

Sirona Capital has engaged Colliers International and CBRE to offer its 5,706 square metre shopping centre in Margaret River to the market.

Bulls N' BearsView all

Bulls N' Bears
Nusantara

Nusantara eyeing potential gold upgrade in Indonesia

Matt Birney Matt Birney
16 Jul 2019

Indonesia focussed gold developer, Nusantara Resources, has increased its confidence in the potential for a grade uplift to be realised once its Awak Mas gold project on the island of Sulawesi, Indonesia, is in production. Trenches dug across an exploration bench have demonstrated additional high-grade structures that were not captured by ore reserve drilling and related block models.

Spectrum Metals

More rolled gold numbers for Spectrum in WA

Matt Birney Matt Birney
16 Jul 2019

Spectrum Metals’ Phase II drilling campaign at the Penny West project near Youanmi, WA, has returned additional, deep high-grade gold intersections at the Penny North discovery, extending the mineralisation down-plunge. New drill intercepts included 5m @ 24.4g/t gold from 241m down-hole, 6m @ 14.8g/t gold from 268m down-hole and another hole that recorded 11m @ 3.9g/t from 221m down-hole and 3m @ 15.4g/t gold from 239m down-hole.

Intermin Resources

Intermin exploring multiple gold projects in WA

Matt Birney Matt Birney
16 Jul 2019

Intermin Resources’ ongoing regional drilling activities in the Goldfields region of WA, has delivered encouraging assays following up on historical drill results and testing of new prospect areas. At the Teal East prospect, an intersection of 12m @ 4.19g/t gold from 76m down-hole has extended the existing mineralisation and provided a good foundation for growing the current Teal mineral resource of nearly 290,000 ounces.

Anglo Australian Resources

Anglo finds high grade gold core at Feysville

Matt Birney Matt Birney
16 Jul 2019

Anglo Australian Resources has confirmed that supergene gold mineralisation at the Think Big prospect within its flagship Feysville project near Kalgoorlie is largely continuous over 200m of strike and up to 80m wide. Infill drilling recorded a top result of 10 metres grading 10 grams per tonne gold from 23 metres down-hole, including a peak 1m intersection grading 76.1g/t gold.

Australian Potash

Australian Potash banks $1.3m R&D tax rebate

Matt Birney Matt Birney
16 Jul 2019

Australian Potash has received recognition for the test work activities that will feed into the ongoing definitive feasibility study at its Lake Wells sulphate of potash, or “SOP”, project near Laverton, WA, with the receipt of a $1.3 million research and development tax rebate. Proceeds from the tax refund will be used to complete the work streams feeding into the study, which is scheduled to be completed before the end of this year.

Most viewed people

Vernon Strange

Vernon Strange

Former Non-Executive Director, Southern Cross Goldfields

Charles Fear

Charles Fear

Co-Founder, Non-Executive Director (since 2019)
(Executive Chair 2002-2019, CEO 2002-2017), Argonaut
Non-Executive Director, Atrum Coal
Non-Executive Director, Rugby WA

Jim Walker

Jim Walker

Non-Executive Chair, Austin Engineering
Non-Executive Chair, Wesley College
Non-Executive Director, Skilled Workforce, Programmed Skilled Workforce
Non-Executive Director, National Hire Group
Non-Executive Director, Coates Hire
Non-Executive Chair, State Training Board
Non-Executive Chair, Australian Potash
Non-Executive Deputy Chair, Royal Automobile Club of WA
Independent Non-Executive Chairman, Mader Group

Chris Ellison

Chris Ellison

Managing Director, Mineral Resources
Honorary Consul, Consulate of New Zealand
Co-Founder, Crushing Services International
Co-Founder, PIHA

Tim Roberts

Tim Roberts

Managing Director, Warburton Group
Trustee, Channel 7 Telethon Trust
Non-Executive Director, Crown Resorts Perth
Patron, Perth Symphony Orchestra

Thought LeadershipView all

Breast Cancer Research Centre - WA

WA BREAST CANCER SPECIALIST’S DETERMINATION TO CURE INCURABLE

Carmelo Arto Carmelo Arto
11 Jul 2019

Finding a cure for metastatic breast cancer is what drives Perth medical oncologist Professor Arlene Chan, a world leader when it comes to research into advanced breast disease.

When sweaty palms and heart palpitations are not a good thing

Mandy Kuba Mandy Kuba
05 Jun 2019

There has been a shift over the years in the way the performance appraisal is conducted, particularly in the frequency of discussions, leading to a more meaningful experience for both manager and empl

Cisco

Increased connectivity and digital identities at the forefront of Cisco innovation

Cisco
23 May 2019

Cisco continues to forge ahead with innovation surrounding technology and the internet by sharing its extensive knowledge on connectivity, digital identity and cyber security.

Help! My employee wants a raise.

Alex Hu Alex Hu
02 May 2019

Typically associated with sweaty palms and a general feeling of discomfort, it’s likely that at some point you’ve dealt with the pay increase question, either as the employee...or the manager.

Shire of Serpentine Jarrahdale

Shire launches video to support advocacy efforts

Michelle Rich Michelle Rich
23 Apr 2019

The Shire of Serpentine Jarrahdale launched its advocacy video at an event with key stakeholders at Quarry Farm on Tuesday, 16 April.