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

Corporate Finance DealsView all

MACA support underpins Blackham deal

Blackham Resources has signed up Hartleys as lead manager for a $36 million capital raising that will be priced at just 4 cents per share, while mining contractor MACA has agreed to lend $14 millio

Cygnus lists after $6m IPO

Shares in local explorer Cygnus Gold began trading on the ASX today after the company announced a $6 million initial public offering last year.

New players chasing finance deals as opportunities align

SPECIAL REPORT: There have been some big moves among corporate finance dealmakers in Perth, who worked on more than 850 transactions worth nearly $25 billion in 2017.

Goldfields takes Finsure merger

Kalgoorlie-based bank Goldfields Money has agreed to a scrip-based merger with mortgage aggregator Finsure, valuing the combined group at $97.5 million.

O'Meara to list WA gold assets

Melbourne-based shell company Public Holdings (Australia) is set to move into gold exploration after striking a deal to acquire a group of Western Australian gold tenements from prospector Denis O’Meara, while also announcing plans for a $7.5 million capital raising.

Most CommentedView all

Crowdfunding available for startups

UPDATED: Australian startups will now be able to raise capital via crowdfunding sources after the corporate watchdog today approved the first batch of licences allowing companies to act as intermediaries in the process.

Local business at Yagan Square

The state government has announced six more local businesses that will operate at the new $75 million Yagan Square development, set to be opened next month.

Quintis opposes requisition

Troubled sandalwood producer Quintis says its board intends to advise shareholders to vote against a series of resolutions to spill the board, while also announcing a one week extension on its forbearance agreement.

Time to appoint a chief entrepreneur

The right kind of government assistance could provide a timely fillip for WA’s startup and innovation community.

Power Ledger makes tech final

Local tech company Power Ledger has been selected as one of three finalists in the 2018 Extreme Tech Challenge at CES in Las Vegas.

Politics & the EconomyView all

$A continues its upward march against $US

The Australian dollar has continued its confident march toward 80 US cents as the greenback's weakness lingers with a holiday in the US.

Oil near 3-year high despite US output up

Oil has hovered near a three-year high above $US70 a barrel on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging US production.

Gold lifts as $US index falls to 3yr low

Gold prices have hit a four-month peak as the US dollar index slumped to its lowest in three years but some analysts say the greenback's slide could be short-lived as it hasn't been driven by fundamentals.

BN30 numbers tell a positive tale

The strong performance of the Business News index of 30 local companies designed to track the state’s economy implies good years ahead for WA.

$A once again higher on $US weakness

The Australian dollar is back above 79 US cents - just.

Upcoming Business News EventsView all

Hyatt Regency Perth - 16 February 2018

Winners announced - 07 March 2018

PropertyView all

Liv Apartments recognised for sustainability

A Defence Housing Australia apartment project in Fremantle has become the state’s third property development to be recognised as a One Planet Community, under the international Bioregional program.

Perth property values stabilise

Perth housing prices are continuing to stabilise after three years of weakness, in marked contrast to substantial falls in Sydney and Darwin.

Pitcher Partners shifts to the Quay

Accounting, auditing and advisory firm Pitcher Partners has made a move on its strategy to grow its presence in Perth by taking up residency at 12-14 The Esplanade, overlooking Elizabeth Quay.

Go2 People secures $18m building contract

Belmont-based labour hire and construction services business The Go2 People has been awarded a contract for the supply and installation of residential homes at the Meadowbrooke Lifestyle Estate in the South West town of Boyanup.

Pindan acquires Sydney office

Perth-based Pindan Capital has acquired an office in North Sydney for an undisclosed sum through a joint venture with global investment firm Starwood Capital Group and Sydney company Arrow Property Investments.

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.
20 Jan 2018 | @ 09:00am
26 Jan 2018 | @ 06:00pm
29 Jan 2018 to 02 Feb 2018 | @ 08:45am
01 Feb 2018 | @ 08:30am
01 Feb 2018 | @ 12:00pm
01 Feb 2018 | @ 06:00pm

Arts & CommunityView all

Fremantle finds its roots with local artists

David Spencer was selected alongside popular local artist Anya Brock last year to the role of brand ambassador for Sirona Capital’s King’s Square project in Fremantle.

Royal Flying Doctor Service's reputation soars

The Royal Flying Doctor Service (RFDS) has been ranked the most trusted charity for the seventh year running in the Charity Reputation Index for 2017, followed by St John Ambulance and CareFlight.

Creative collective driving change

The newly formed Perth Arts Leaders Collective has an ambitious goal to transform tourism in Western Australia while simultaneously lifting the profile of the state’s artists and creative community.

Yiap designs work to meet the market

Alister Yiap has explored a number of business models to find the best way to move his jewellery-meets-art into the hands of his admiring customers.

$1.4m committed to St Vinnies

Lotterywest has granted $1.4 million to St Vincent de Paul Society WA Inc, contributing to a merrier Christmas for West Australians in need this year.

EnergyView all

LNG Australia's third biggest export: Energy Quest

Australian LNG export revenue grew 44 per cent in 2017 on the previous year to $25.8 billion, making the commodity the nation's third biggest export earner, according to consultancy Energy Quest.

Goldsworthy, Skira to Power board

Former Rio Tinto executive Denise Goldsworthy and former Water Corporation chair Eva Skira have been appointed directors of Western Power, replacing Sharon Warburton and George Cash.

Western Power signs up Bonfire

Western Power has engaged digital marketing agency Bonfire to broaden the utility’s engagement with customers beyond the traditional means.

Nalder pans power pricing as disconnections grow

The number of electricity users disconnected for failing to pay bills increased around 60 per cent in Western Australia in the 2017 financial year, while more than 10,000 electricity users were on a hardship program, according to a report released by the Economic Regulatory Authority today.

New energy connections lower

The number of new gas and power connections in Western Australia fell in the year to June, an outcome of the slowing property development market, according to the Economic Regulation Authority.

"Mark My Words" PodcastsView all

12 January 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss the funeral business, St John of God Healthcare, cultural developments, big moves in corporate finance sector and Business News celebrates 25 years.

05 January 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss MRA and LandCorp merger, a local bitcoin venture, WA property values, cannabis, plus food trucks, fresh food boxes and fine dining.

15 December 2017

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss Scarborough high rise, Colin Barnett, construction jobs, Tox Free, AWE takeover and our person of the year.

08 December 2017

PODCAST: Mark Beyer and Mark Pownall discuss WA’s economic growth, land development softens, Scarborough development knocked back, architecture firm collapse, Mark Povey fined, EPA approves Southbank, gas project bid, company directors cash in and WA’s biggest employers

01 December 2017

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss FMG’s new leadership, the iron ore market, Craig Mostyn’s acquisition, WA's boom/bust economy, Fiona Wood, Rod Jones and the state’s wealth creators.

Food & WineView all

Increasing appetite for loyalty

Fraser’s Kings Park is among the early takers for a new program aiming to bring loyalty back to Perth’s food scene.

Perth feasts on food boxes

SPECIAL REPORT: Perth's fresh food box market is becoming big business, with global player Hello Fresh launching in WA late last year as more local suppliers plan their launch.

Food trucks drive opportunity

SPECIAL REPORT: With more than 500 food trucks in Perth, competition in the sector is heating up, despite a number of unique challenges and bureaucratic hurdles.

Events embrace intimate flavour

The operators behind UnWined Subiaco and Ice Cream Factory have tailored their approach to curate experiences different to traditional large-scale events.

Local business at Yagan Square

The state government has announced six more local businesses that will operate at the new $75 million Yagan Square development, set to be opened next month.

Special ReportsView all

Corporate Finance 2017

Corporate Finance 2017

15 January 2018

Local dealmakers pursue opportunities

New players chasing finance deals as opportunities align
BDO buys corporate advisory firm
Person of the year 2017

Person of the year 2017

18 December 2017

Chris Ellison on top after shrewd moves

Strategic Ellison seizes opportunities
Wealth creators 2017

Wealth creators 2017

04 December 2017

WA company directors make major gains

Healthy dividend in building wealth
Tech next step for Jones post-Navitas

MiningView all

Rio hits 2017 iron ore output target

Rio Tinto has maintained its target for iron ore shipments in 2018 after hitting the lower end of its full-year guidance in 2017.

Mustang appoints new MD

Mustang Resources has appointed Richland Resources chief executive Bernard Olivier as its new managing director, while director Cobus Van Wyk will become chief operating officer.

Local gold stocks up

The share prices of Orinoco Gold and Doray Minerals have risen today after the companies announced positive drilling results at their respective projects.

Incitec loses Roy Hill contract

Melbourne-based fertiliser and explosives manufacturer Incitec Pivot has lost its second major Western Australian supply contract in two months, with iron ore miner Roy Hill to allow its purchase agreement to expire in February.

Finders stands firm

The board of Finders Resources remains firm on its rejection of a hostile takeover bid from Indonesian group Eastern Field Developments, after the major shareholder questioned the company’s supplementary target’s statement.

OpinionView all

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss the funeral business, St John of God Healthcare, cultural developments, big moves in corporate finance sector and Business News celebrates 25 years.

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss MRA and LandCorp merger, a local bitcoin venture, WA property values, cannabis, plus food trucks, fresh food boxes and fine dining.

Cryptocurrency boom to lose its lustre

Bitcoin may be enjoying a golden run at the moment, but established economists are dismissive of its value.

Urban no legend in Labor ranks

The state government is facing its first major personnel crisis, and the opposition is keen for a win.

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss Scarborough high rise, Colin Barnett, construction jobs, Tox Free, AWE takeover and our person of the year.

RetailView all

$150,000 fines for Pastacup breach

The competition watchdog has had its first major win enforcing a new franchising code of conduct, with the Federal Court today fining Pastacup franchisor Morild and co-founder Stuart Bernstein $150,000 for a failure to disclose he had been a director of two insolvent entities.

More time to shop this Christmas

Perth’s shoppers will enjoy the same extended shopping hours as last year to buy presents and hunt for bargains, but employers want longer hours all year round.

Borgioli right at home on King Street

It was in the aftermath of a profoundly emotional moment that Terence Borgioli, then 23, decided to chase his dream of starting a luxury fashion business.

Car sales shed August gains

New car sales in Western Australia dipped back into the red last month after showing rare signs of improvement in August.

Blossoming Profresh a cut above

Floral wholesaler Profresh has grown from a one-person business into a team of almost 15, generating $3 million in revenue in just its second year of commercial operations

Most viewed people

Melanie Perkins

Melanie Perkins

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Cliff Obrecht

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Bill Tai

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Steve Erceg

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Haydn Chrystal

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Thought LeadershipView all

Autonomy trumps command and control in the digital age

Historically, business models which were created to enable efficiency and cost effectiveness resulted in the formation of complicated and siloed organisations, often with vast formal and informal i

The biggest danger is to act with yesterday’s logic

I don’t think anyone can be in any doubt that we’re operating in a VUCA environment today, with extreme levels of Volatility, Uncertainty, Complexity and Ambiguity.

Perth’s quiet smart creative revolution

When I moved to Perth from Johannesburg earlier this year I was surprised by the views and perspectives of some people I met on the prospects for the WA economy.

How can scrap metal help people and the environment?

In today’s world, organisations have an incredibly important role in being environmentally responsible. The St Vincent de Paul Society understands this and has a strong focus on sustainability and recycling.

The modern workplace — gen Y style

THE nature of employment is changing as a younger generation moves through the workforce. The new era means a shift of priorities is needed for employers and employees. “About 20 or 30 years ago you used to have a job for life,” Lance Compton said.