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

Corporate Finance DealsView all

Spitfire in tie-up with Aphrodite

Gold junior Spitfire Materials has entered into an agreement to merge with Victoria-based Aphrodite Gold in an all-scrip deal that values the target at about $32 million.

NRW buys east coast business for $85m

Perth-based NRW Holdings has announced plans to acquire east coast contractor Golding Group for an enterprise value of $85 million.

AVZ attracts Chinese investor for $15m raising

Africa-focused lithium explorer AVZ Minerals has attracted a Chinese miner for the bulk of a $15 million capital raising, which has been priced to take advantage of a recent doubling in its share price.

ZipTel lands IP agreement

Local telecommunications company ZipTel has entered into an agreement with London-based Space Digital Media for the provision of its intellectual property (IP) in exchange for a slice of revenues.

New gold IPO as explorers relist

A new gold exploration company led by former Doray Minerals boss Allan Kelly and backed by Evolution Mining has announced plans to list on the ASX, whilst two other junior miners have joined the bourse after completing backdoor listings.

Most CommentedView all

Perth tech pioneer passes away

Conrad Crisafulli, who was one of the pioneers of venture capital investing and technology commercialisation in Western Australia, has died after a long illness.

Woodside to spend $400m on Fifo camp

Woodside Petroleum is hoping to win state government backing for a new 700-bed fly-in, fly-out camp at Karratha, after selecting a consortium led by Multiplex and Compass Group to build, own and operate the facility.

Residential builds to be blocked under Port Hedland dust plan

About a third of the town of Port Hedland should be blocked from any new residential developments, the state government's dust management taskforce has recommended.

Western Force axed from Super Rugby

The Western Force is set to take the Australian Rugby Union to court after being axed from the Super Rugby competition.

Radium’s capital R&D funds plan

Companies investing in research and development have access to an increasingly competitive new source of finance.

Politics & the EconomyView all

Wages growth at 18-year low

Western Australia recorded its lowest level of wages growth in the year to June since at least 1999, at 1.4 per cent, according to data from the Australian Bureau of Statistics.

Perth world's 7th most liveable city

Perth is the world’s seventh most liveable city for the second year running, according to The Economist’s Intelligence Unit, while Melbourne continues a winning streak as the world's number one, a position it has held since 2011.

Citizenship rules may claim Joyce

Deputy Prime Minister Barnaby Joyce may become the fifth federal politician to be removed from parliament for holding dual citizenship, after New Zealand's prime minister said Mr Joyce was a citizen of the country.

Record administrations in June

Corporate administrations in Western Australia fell for the 2016-17 financial year, down by 5.2 per cent on the previous period, although a poor result for the three months to June suggests it is too early to call a recovery.

Rear admiral named WA defence advocate

The man who famously led the sea rescue of yachtsmen Tony Bullimore and Thierry Dubois 20 years ago has been employed by the state government to fight to get more defence contract work for the state.

Upcoming Business News EventsView all

Hyatt Regency Perth - 20 September 2017

Winners announced - 07 March 2018

PropertyView all

Claremont apartments surge leads nation: report

Cottesloe-Claremont has been named the country’s fastest growing area for apartments, despite Western Australia continuing to have one of the lowest shares of medium-density housing approvals of all the states, according to a Bankwest report released today.

MPF increases east coast presence with $20m deal

Perth-based Mair Property Funds has acquired two commercial properties in Melbourne in an off-market deal worth $20.3 million.

Positive developments for Bunbury, Albany

Two revitalisation projects not only promise to develop new tourism precincts, but will also bring beachfront apartment living to the regions.

Finbar proposes two South Perth towers

Finbar Group has called on the City of South Perth to introduce a special planning scheme for its Civic Heart project, where it is now aiming to build two apartment towers despite describing the WA apartment market as the most challenging in the company’s history.

Belmont facility sold for $11.2m

ASX-listed Centuria Property Funds has purchased a logistics depot in Belmont for $11.2 million.

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

CEO Ian Booth to leave Screenwest

Screenwest today announced that, after 10 years as chief executive, Ian Booth will leave the organisation at the end of the year.

Artist in residence with Ray Glickman

Ray Glickman can often be spotted in a quiet corner seat in one of Perth’s busy cafes, putting his thoughts down on paper for his latest work-in-progress.

Indigenous research success shows value of a good yarn

The impact of a WA initiative that empowers young Aboriginal women was recently showcased at the World Indigenous Peoples Conference on Education.

Holmes a Court art collection on show

An exhibition opening and new book have provided an insight to a selection of works from the private collection of arts advocate, philanthropist and Perth businesswoman, Janet Holmes a Court.

Unique landscapes, stories create tourism showreel

SPECIAL REPORT: The growing number of films produced in WA has created opportunities for local talent, employment and tourism.

EnergyView all

Coleman flags ownership changes at NW Shelf

Woodside Petroleum chief executive Peter Coleman said today that changes to the ownership of the North West Shelf Venture would be a natural progression as it became an infrastructure asset servicing offshore gas fields.

Acquisition could boost NWSV life extension case

Some of the North West Shelf Venture partners might either sell their stake in the operation or take an equity interest in potential projects such as Browse as one potential solution to find backfill liquids for Karratha gas plant in the next decade, according to a report by Wood Mackenzie.

Woodside director to lead CEDA

Melinda Cilento has been chosen to succeed Stephen Martin as chief executive of the Committee for Economic Development of Australia.

Gorgon LNG production ahead of the curve

Chevron’s Gorgon project has shaken off last year’s teething issues to ship at an above-capacity run rate in July, exporting 1.4 million tonnes of LNG in the month, according to the latest data from consultancy Energy Quest.

Santos takes $877m hit due to oil prices

Oil and gas producer Santos will book an impairment charge of $US690 million ($A877 million) in its half-year results due next week after lowering its oil price forecasts.

"Mark My Words" PodcastsView all

15 August 2017

One of the state’s most experienced financial services leaders, John Van Der Wielen says the opportunity to put something back into the community was one factor motivating his move to HBF.

11 August 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss Woodside’s Fifo project, contrary views in the nickel sector, Jimmy Wilson’s lateral move, Port Hedland’s dust issue and small business.

04 August 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss office vacancies, Richardson Hotel, Mandogalup, residential housing, David Flanagan and home grown tech heroes.

02 August 2017

The value of a strong team in a crisis was highlighted by mining chief David Flanagan during his recent discussion with Business News.

28 July 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss the $A, Richard Goyder, egg producers, a Perth venture capital pioneer passes away, and arts and culture.

Food & WineView all

Lawley’s rolls out new Nedlands store

Building a bread empire was not part of the plan when Sarah Thomas and her husband, Trevor, took over a Beaufort Street bakery in 2003; their goal was to reinvigorate the struggling business.

Small bars breathe new life into Perth pubs

Change is sweeping through front bars and suburban watering holes across the city, with publicans of some of the city’s most recognisable pubs spending up big in efforts to stay relevant in Perth’s rapidly diversifying hospitality sector.

Syme distils recipe for success

A series of local and global accolades has helped craft export opportunities for Great Southern Distilling Company.

Great Southern takes top prize at Telstra awards

Boutique distillery Great Southern Distilling Company has been crowned this year’s Telstra Western Australian Business of the Year.

Removing the mystery from beer history

A pair of beer industry entrepreneurs is aiming to raise awareness of the history of WA’s favourite amber fluid.

Special ReportsView all

Small business 2017

Small business 2017

14 August 2017

SME and startup centres evolve

Shared spaces connect businesses, foster collaborative opportunities
Small business growth on tap at Curtin
Equity crowdfunding

Equity crowdfunding

17 July 2017

A new business financing option

Crowdfunding to offer new equity opportunity
M&A deals take surprise twists

MiningView all

MinRes posts $201m profit

Diversified business Mineral Resources has delivered a turnaround result for the 2017 financial year, along with a higher dividend payout.

Mt Gibson to pay dividend

Iron ore miner Mount Gibson Iron will pay its first dividend to shareholders since 2014, after reporting a $26.3 million net profit for the 2017 financial year.

Write-down drags Iluka to $81m loss

Iluka Resources has widened its first-half loss to $81.5 million, from a $20.9 million loss in the prior corresponding period, dragged down by a $165 million hit in impairment and redundancy costs.

Metals X halts work at Nifty for repairs

Metals X has temporarily suspended underground mining at its Nifty copper operation to undertake repairs.

Court order to wind-up Eastern Goldfields

The Supreme Court of Western Australia has ordered the winding-up of Michael Fotios’ Eastern Goldfields and the appointment of liquidators, after an application by a local assay laboratory.

OpinionView all

Sales techniques are good, friends are better

OPINION: It’s estimated that half of all sales are made on the basis of an established friendship, so if you’re not making nice you’re missing out on half of your market.

Digital drive a good sign for the Times

OPINION: A bit of bagging from Donald Trump has coincided with the digital rise of a traditional US publishing business.

Overreach likely in family trust plan

OPINION: Federal Labor may regret gunning for family trusts as it starts developing policies for the next election

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss Woodside’s Fifo project, contrary views in the nickel sector, Jimmy Wilson’s lateral move, Port Hedland’s dust issue and small business.

Malcolm in the middle of a political stalemate

OPINION: The federal Liberal government’s failure to deal with the issue of same-sex marriage is indicative of a party more concerned with its own internal machinations than effective governance.

RetailView all

JB Hi-Fi delivers record profit

Electronics retailer JB Hi-Fi has reported strong sales growth for the 2017 financial year and says it expects that to continue heading into the peak Christmas trade.

BP-Woolies deal could raise petrol prices

Motorists could end up paying more for fuel if BP's proposed $1.8 billion takeover of Woolworths petrol stations goes ahead, the competition watchdog warns.

Stirfire’s virtual reality offering delivering real-world potential

Stirfire Studios is set to join the ranks of publicly traded games companies such as Japan’s Sony and Nintendo, and Electronic Arts and Activision Blizzard in the US.

Woolworths 'outraged' by double billing

Woolworths chief executive Brad Banducci says he is outraged that some customers were billed twice because of an error made by a payments processor.

WA new car sales stall again

New car sales in Western Australia started the 2018 financial year in the slow lane, falling 8 per cent in July as national sales continued to rise.

Most viewed people

Steve Scudamore

Steve Scudamore

Non-Executive Director, Aquila Resources
Non-Executive Director, Altona Mining
Non-Executive Director, Pilbara Minerals
Non-Executive Director, Australis Oil &
Gas
Board member, WA Museum
Non-Executive Director (Non-Executive Chair since 2011), Amana Living
Non-Executive Director, MDA National

Mark Clements

Mark Clements

Company Secretary, Indus Coal
Executive Chairman (since 2014), Company Secretary (since 1997), MOD Resources
Company Secretary, Auris Minerals
Company Secretary, Lucapa Diamond Company
Trustee, Company Secretary, Simon Lee Foundation
Non-Executive Director, Company Secretary, MSM Corporation International
Company Secretary, Emerald Resources
Company Secretary, Marine Produce Australia

Gaye McMath

Gaye McMath

Non-Executive Director, Gold Corporation
Deputy Chair, Committee For Perth
Non-executive director, Perth Convention Bureau
Non-Executive Director, Perth Markets
Board Member, Chamber of Arts and Culture WA
Non-Executive Director, The Perth Mint

Peter Unsworth

Peter Unsworth

Non-Executive Chairman, Impact Minerals
Non-Executive Chairman (since 2010), Invictus Gold
Non-Executive Director, Gold Corporation
Non-Executive Director, The Perth Mint

Michael Kiernan

Michael Kiernan

Former Managing Director, Stirling Resources
Former Non-Executive Director, MZI Resources
Former Non-Executive Director, Redbank Copper
Former Non-Executive Chairman, Mineral Resources
Former Executive Chairman, India Resources
Former Non-Executive Chairman, Peel Mining
Former Executive Chairman, Territory Resources
Former Non-Executive Director, Kaboko Mining
Former Executive Chairman, Sirius Resources
Former Managing Director, Consolidated Minerals

Thought LeadershipView all

Will the right location give your small business the edge?

According to the recent Bankwest Curtin Economics Centre report entitled “The Engine Room for Growth? - The Role, Performance and Future Prospects of Small Business in Western Australia”, small business accounts for 97 per cent of all businesses in the State, has a value added contribution of $39.7 billion, and accounts for 41 per cent (512,000 persons) of WA’s overall employment.

Investment strategies for busy professionals and executives

The head of Commonwealth Private Banking, Marianne Perkovic, takes a look at the some of the key domestic and global trends for private investors.

Local solution solves global IT issue

Government at all levels is focused on improving public safety and security at present.

Three ways to grow your business and boost revenue

Untapped innovation worth $37 billion to WA economy. Can innovation help grow a business and generate more revenue? 

Help! My employee is broken… What do I do?

In Western Australia, approximately two people are injured per hour seriously enough to take one or more days/shifts off work.