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

Corporate Finance DealsView all

Airlite Group sold to Millennium for $25m

ASX-listed Millennium Services Group has acquired Perth-based cleaning and maintenance company Airlite Group for $25.1 million.

Nido launches $32m raising

Philippines-focused oil and gas play Nido Petroleum has launched a $31.9 million capital raising to fund drilling work at its Galoc project.

Northern Star in gold JV with Pioneer

Local gold miner Northern Star Resources has entered into a joint venture agreement to acquire a major stake in Pioneer Resources' Acra gold project near Kalgoorlie in a deal worth up to $3.5 million.

4DS rattles tin for $4m

4DS Memory has tapped investors for $4 million to fund ongoing development of its memory technology.

Teck to buy Rox's Reward stake for $20.6m

Rox Resources' joint venture partner Teck Australia has matched a competing bid for the company's stake in the Reward zinc-lead project in the Northern Territory for up to $20.6 million.

Most CommentedView all

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.

In search of energy policy blend

If the Western Australian government is seeking a marketing advantage over other states, it has just been handed one in the form of the disastrous energy policy destabilising the rest of the country.

Resources innovation hub opens

Perth's first innovation hub dedicated to the resources sector plans to focus on the impact of disruptive technologies after its official opening last night.

Contentious tower wins DAP approval

Developer Edge Visionary Living has welcomed the end of an 18-month battle to win approval for an apartment project at 74 Mill Point Road in South Perth.

Pilbara accommodation business into receivership

Family-owned Tribute Group has been placed in receivership, just two months after winning what appeared to be a company-making contract with BHP Billiton for its accommodation businesses in Newman.

Politics & the EconomyView all

Jobs market weak despite low jobless rate

September's national unemployment rate of 5.6 per cent was as low as it's been since February 2013, but that's about where the good news from the Australian Bureau of Statistics today ends.

WA lags nation on recycling: report

The state government has failed to hit any of the targets in its own waste management strategy, and part of the reason is a lack of coordination among its two key agencies, a review by the auditor general has found.

Bob Day quits parliament as Collier Homes parent goes under

A key supporter of the federal government in the Senate, Family First's Bob Day, is quitting parliament because of financial problems with the housing group he founded, which trades as Collier Homes in Western Australia.

Perth Mint doubles pre-tax profit

The state owned Gold Corporation, which trades as The Perth Mint, has doubled pre-tax profit to $41 million, with a big increase in sales of minted coins among the factors assisting the result.

Work begins at Kwinana lithium plant

A $400 million lithium hydroxide plant to supply the battery industry will bring highly skilled technical and scientific jobs with it, Premier Colin Barnett said at the facility's groundbreaking ceremony today in Kwinana.

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PropertyView all

Capital shift to east coast assets

Uncertainty in Perth's commercial property market has resulted in a sustained flow of capital into east coast assets, according to a local syndicator.

Contentious tower wins DAP approval

Developer Edge Visionary Living has welcomed the end of an 18-month battle to win approval for an apartment project at 74 Mill Point Road in South Perth.

Court ruling exposes Nicheliving rift

The co-founders of property developer Nicheliving are mired in a legal dispute after plans to buy out key executive Danne Forte were halted when other directors questioned his financial projections.

1,000 houses in new social package

The state government has committed to build, buy, or lease 1,000 homes for low-income earners and seniors, with a new social housing initiative announced today.

DAPs tweaked for more transparency

The state government has moved to make the development assessment process more transparent, unveiling a raft of changes to the system in response to feedback from local governments and resident gro

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

Sam Walsh joins Australian Council board

The Australian Council for the Arts has welcomed former Rio Tinto chief executive Sam Walsh and fellow Western Australian Kate Fielding to its board. 

Garage sales back community needs

A national initiative that promotes sustainability and community collaboration will return to the streets of Western Australia on October 22. 

Enriching the patient experience

Several WA hospitals are experimenting with engaging and interactive art programs that could increase patient wellbeing.

Adams secures top WA business woman title

Julie Adams, the co-founder of Rising Stars award winner Chemo@home, has been named the Telstra Western Australian Business Woman of the year.

Art sales raise funds for cystic fibrosis

The Spring Rose Art Exhibition held recently at Deloitte's new Brookfield office lobby raised more than $18,000 for the Cystic Fibrosis Foundation Western Australia.

EnergyView all

Santos narrows sales, output guidance

Santos has narrowed its full-year sales guidance to the top end of its previous target range after total sales volumes leapt 31 per cent in the September quarter, compared with the same period last year.

Enerji calls in administrators

Perth-based thermal energy company Enerji has appointed KordaMentha as administrators after running into debt problems with one of its creditors.

Woodside lifts output

Woodside Petroleum has reported a sharp increase in September quarter sales revenue and production, helped by record volumes at its liquefied natural gas facilities.

Empire shareholders seek board shake-up

Dissident shareholders are seeking to shake up the board of Empire Oil & Gas at the energy company's annual general meeting next month.

Barnett confirms Western Power IPO option

Premier Colin Barnett has confirmed plans for an initial public offering of Western Power are on the table, while the opposition has blamed the privatisation plans for the alleged cancellation of a contract with a major supplier.

"Mark My Words" PodcastsView all

21 October 2016

In this Business News podcast, Mark Pownall and Dan Wilkie discuss Western Power, Enerji, residential builders, the COMO hotel and our export feature.

14 October 2016

In this Business News podcast, Mark Beyer and Dan Wilkie discuss the Roe 8 project, house prices, DAPs, private infrastructure, Tony Grist and the telco sector.

07 October 2016

In this Business News podcast, Mark Beyer and Dan Wilkie discuss residential property, Malaysian investment, innovation, fracking and our quarterly report on corporate finance deals.

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.

Food & WineView all

World's second-best hotel in Perth's CBD

Perth's COMO the Treasury Hotel has been named the second best hotel in the world by travel publisher Conde Nast.

Gage Roads tapped in thousands of new venues

Gage Roads Brewing Company has executed a key plank of its five-year 'returning to craft' strategy, signing a pair of new agreements to get its beer into 17,000 pubs, bottleshops, r

Varsity takes its bar to the ’burbs

Ben Maher and his partners are taking their successful Nedlands bar concept to the university precinct near Curtin.

American-style pizza makes big statement at Hillarys

Perth has taken the biggest slice of global franchise California Pizza Kitchen, with the opening of the group's Australian flagship restaurant at Hillarys Boat Harbour.

Feral brews one just for the locals

Swan Valley-based boutique beermaker Feral Brewing Company has created a new beer for sale exclusively in Western Australia.

Special ReportsView all

Corporate Finance September 2016

Corporate Finance September 2016

10 October 2016

Pick-up in M&A, capital raising deals

Market enables new listings
Private capital backs testing lab merger
Business brokers jostle for market lead
Housing slowdown

Housing slowdown

07 October 2016

Builders under pressure as activity wanes

Scramble to keep starts up
Building in design flexibility
Boutique builds a package deal
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

MiningView all

Monadelphous, Lycopodium form JV

Monadelphous Group and Lycopodium will leverage each others' strengths to target engineering, procurement and construction projects in the minerals processing sector under a new joint venture.

Perth company sues Landau for $2.5m

Local businessman Peter Landau will be subjected to more court action after China-controlled Nkwe Platinum filed a $2.5 million law suit in the Supreme Court of Western Australia.

Nasser to resign as BHP chair

BHP Billiton chairman Jac Nasser has announced he will step down next year after more than 10 years on the board, on the same day the resources giant rejected charges by Brazilian prosecutors filed against the company and its employees in relation the Samarco dam disaster.

Manganese production down at South32

Diversified miner South32 has reported a 4 per cent fall in manganese ore production in the first quarter of 2017, but says its on track to achieve its cost guidance for the majority of its production.

Gold Road project to cost $507m

Gold Road Resources has released its feasibility study on the Gruyere gold project near Laverton, which has detailed a $52 million increase in capital costs and a longer mine life.

OpinionView all

Mark my words podcast

In this Business News podcast, Mark Pownall and Dan Wilkie discuss Western Power, Enerji, residential builders, the COMO hotel and our export feature.

Parties clash over local jobs

A Labor plan to boost manufacturing in WA has put it at odds with the Barnett government just months from the state poll.

This week's property round-up

Reiwa members reported an increase in weekly sales to 626 this week. The overall 14 per cent increase in sales over the week is attributed to a 19 per cent increase in sales for houses.

Apple, Facebook corner the internet

Startups will quickly emerge to challenge and disrupt the dominance of the technology giants, in ways we can't imagine now.

Mark my words podcast

In this Business News podcast, Mark Beyer and Dan Wilkie discuss the Roe 8 project, house prices, DAPs, private infrastructure, Tony Grist and the telco sector.

RetailView all

Pink diamonds in your super

Rare pink diamonds from the Kimberley are emerging as new class of investment asset.

Rate cuts fail to spark retail spending

Two interest rate cuts are yet to trigger a boom in retail spending, MasterCard says.

David Jones owner set to buy Politix

South African retailer Woolworths Holdings, the owner of David Jones and Country Road, is set to add Politix, another Australian brand, to its mix.

Woolies finishes Home Timber sale

Woolworths has completed the sale of its profitable Home Timber and Hardware franchise as part of its $1.5 billion exit from the home improvement sector.

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.

Most viewed people

Peter Landau

Peter Landau

Former Interim Executive Director, Continental Coal
Former Executive Director, Black Mountain Resources
Former Executive Chairman, AusRoc Metals
Former Non-Executive Director, Range Resources
Former Non-Executive Director, Continental Coal
Former Director, Cape Lambert Resources
Former Non-Executive Director, Blaze International
Former non-executive director, Poseidon Nickel
Former Director &
Company Secretary, Indus Energy
Former Non-Executive Chairman, Paynes Find Gold
Former Non-Executive Director, Eclipse Metals
Former Executive Director &
Joint Company Secretary, NKWE Platinum
Former Chairman, Citation Resources

Danne Forte

Danne Forte

Former Managing Director – Nicheliving Construction, Nicheliving

Ronnie Elhaj

Ronnie Elhaj

Director, Nicheliving

Paul Bitdorf

Paul Bitdorf

Managing Director, Nicheliving
Honorary Consul, Consulate of Poland

William Hames

William Hames

Chairman, Cedar Woods Properties
Executive Chairman, Hames Sharley

Thought LeadershipView all

Are the days of overtime over?

Modern Awards can be confusing, from determining what award applies, to identifying how each job is classified in the award, and then what your people are entitled to... Overtime?

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