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

Corporate Finance DealsView all

Viburnum

Viburnum buys into Cranecorp

Mark Beyer Mark Beyer
14 May 2020

Private investment group Viburnum Funds has acquired a majority shareholding in Henderson-based Cranecorp Australia in a deal believed to be worth about $50 million.

Chalice Gold Mines

Chalice to raise $30m

Mark Beyer Mark Beyer
12 May 2020

Chalice Gold Mines has taken advantage of a strong rally in its share price to kick off a $30 million capital raising through brokers Bell Potter Securities and Euroz Securities.

Hartleys

Aurenne signals fourth WA acquisition

Jessica Mascione Jessica Mascione
07 May 2020

UPDATED: Private equity player Aurenne Group has made a $32 million all-cash takeover offer for ASX-listed Alt Resources, which is developing the Bottle Creek gold mine in Western Australia.

DLA Piper

Corporate lawyers pivot to new priorities

Mark Beyer Mark Beyer
17 Apr 2020

Perth’s top corporate lawyers have been busy helping their clients navigate the fallout from COVID-19.

Anova Metals

Anova revises $6.7m raising

Business News Business News
14 Apr 2020

Anova Metals has cut the pricing of its planned entitlement offer from 1 cent per share to 0.7 cents to reflect the downturn in equity markets.

Politics & the EconomyView all

Department of Health

Regional travel restrictions to lift on Friday

Jessica Mascione Jessica Mascione
25 May 2020

The state government will lift regional travel restrictions in time for the long weekend, with Premier Mark McGowan urging Western Australians to travel within the state and support local businesses.

Treasury revises JobKeeper to $70 billion

Mark Beyer Mark Beyer
AAP AAP
22 May 2020

The federal government's JobKeeper wage subsidy program is now expected to cost $70 billion, only about half the original estimate of $130 billion.

North Metropolitan TAFE

Govt announces urgent review of WA workforce

Business News Business News
21 May 2020

The state government has appointed a review team to identify skills and training development solutions in response to the impact of COVID-19 on the Western Australian workforce.

Deloitte

Revenue glass half empty for hospitality

Matt Mckenzie Matt Mckenzie
20 May 2020

Turnover for clothing retailers and cafes Australia-wide was halved in April 2020 compared to the same month in 2019, with Deloitte warning employment in some sectors may not recover for five to six years.

Unis asked for international student plans

AAP AAP
20 May 2020

The federal government will consider university plans to bring back international students as long as they can quarantine them properly.

PropertyView all

JLL

Pandemic sparks logistics rethink

Katie McDonald Katie McDonald
26 May 2020

The recent panic buying of essential goods and increase in delivery services could have a lasting impact on Perth’s industrial property sector.

Finbar Group

Finbar brings sales in house

Katie McDonald Katie McDonald
25 May 2020

ASX-listed apartment developer Finbar Group has established a new business division, appointing an in-house sales team led by former Knight Frank head of residential Western Australia Neil Kay.

Urban Development Institute of Australia WA

Planning, approvals set for overhaul

Katie McDonald Katie McDonald
20 May 2020

The state government has introduced a package of planning reform measures that include streamlining approvals for 'significant' developments, with the aim to boost economic recovery.

Hall & Prior

Progress on seniors living projects

Katie McDonald Katie McDonald
20 May 2020

Aged care and retirement living service providers are pushing ahead with property developments, but say COVID-19 could have a lasting impact on the sector.

JLL

Australia Post secures extra space

Katie McDonald Katie McDonald
20 May 2020

Australia Post has leased 11,000 square meters across two industrial properties in Perth off the back of increased demand for essential goods, with the deals brokered by JLL.

Arts & CommunityView all

Art Gallery of WA

$1.5m to WA visual artists

Madeleine Stephens Madeleine Stephens
25 May 2020

The Art Gallery of WA Foundation and the gallery's board have announced a $1.5 million package for Western Australian artists represented in the State Art Collection and Aboriginal art centres across the state.

Department of Communities

State govt delays NDIS transition date

Madeleine Stephens Madeleine Stephens
21 May 2020

The disability sector's peak body has welcomed moves by the state government to delay Western Australia’s transition to the National Disability Insurance Scheme's new quality standards until December 1 due to COVID-19, and to allocate $2 million to help the sector meet the new requirements.

Chamber of Arts and Culture WA

Performance anxiety lingers for the arts

Madeleine Stephens Madeleine Stephens
21 May 2020

Arts organisations are cautiously planning how they might perform and interact once restrictions are lifted.

Volunteering WA

Service providers adapt to accommodate volunteers

Madeleine Stephens Madeleine Stephens
18 May 2020

Some volunteer programs have been put on pause due to COVID-19 restrictions, while those continuing to operate are welcoming new volunteers.

Award-winning retirement

Madeleine Stephens Madeleine Stephens
11 May 2020

Retirement clearly suits Wade Hughes, who has received accolades for his underwater photography, and published an award-winning book with his wife, Robyn Hughes, since leaving the workforce in 2015.

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

Hazer Group

Hazer, Water Corp partner on hydrogen project

Jessica Mascione Jessica Mascione
26 May 2020

Perth-based technology business Hazer Group has signed an agreement with Water Corporation, which will supply the company with biogas from its wastewater treatment plant at Woodman Point.

Canaccord Genuity

Warrego Energy to raise $15m

Business News Business News
25 May 2020

Warrego Energy has received commitments to raise $15 million from a two-tranche share placement, with the proceeds to go towards drilling at its West Erregulla development in the Perth Basin.

GHD

Hitting the road on hydrogen

Matt Mckenzie Matt Mckenzie
22 May 2020

The team behind a planned green hydrogen project to be built near Dongara are hoping to raise $1 billion by the end of the year, while BP is undertaking feasibility on a plant close to Geraldton, less than an hour’s drive north.

Clean Energy Finance Corporation

Electric vehicles return to agenda

Matt Mckenzie Matt Mckenzie
21 May 2020

Electric vehicles and pumped hydro are high on the federal government’s list of short-term priorities to reduce emissions, a new report shows, as Energy Minister Angus Taylor quietly moves towards an interventionist emissions policy.

Southern Cross Electrical Engineering

Southern Cross wins Queensland work

Matt Mckenzie Matt Mckenzie
20 May 2020

Southern Cross Electrical Engineering has won a $40 million contract for services to Energy Queensland, which operates the electricity network in the northern part of that state.

Food & WineView all

Brookfield Place

Hospitality hungry for recovery

Katie McDonald Katie McDonald
18 May 2020

Perth bar and restaurant operators are looking forward to reopening, but hope further easing of restrictions will be on the menu soon.

Australian Hotels Association

The Old Brewery pours its last round

Katie McDonald Katie McDonald
08 May 2020

Fraser's Restaurant Group has announced it won't be reopening The Old Brewery on Mounts Bay Road once COVID-19 social distancing restrictions are relaxed, surrendering its tenancy to head lease owners Minderoo Group.

A couple of beers and a slow cooker

Dan Wilkie Dan Wilkie
06 May 2020

The growing popularity of low-and-slow American style cooking has created a business opportunity for the founder of Perth BBQ School.

Dinner Twist

Home run for home deliveries

Madeleine Stephens Madeleine Stephens
22 Apr 2020

Social distancing measures have changed the way we buy groceries, cook and eat out, leading to growth in home-delivery businesses and innovation by others in the hospitality space.

Wine Australia appoints acting chair from WA

Madeleine Stephens Madeleine Stephens
15 Apr 2020

Margaret River winemaker Cath Oates will be acting chair of Wine Australia for three months, while a review of its board is undertaken.

Special ReportsView all

Business of Local Government

Business of Local Government

26 May 2020

In our Business of Local Government supplement, Business News will highly how all good businesses rely on relationships with government, and how that plays out on a local level.

Wineries 2020

Wineries 2020

25 May 2020

Exports, tourist numbers, and cellar door sales have been disrupted in the past few months, putting some WA wineries under pressure.

Market choices mitigate COVID impact

Market choices mitigate COVID impact

Madeleine Stephens 25 May 2020
Sustainability gains ground in Margs

Sustainability gains ground in Margs

Madeleine Stephens 25 May 2020
Great for the State 2020: City of the Future

Great for the State 2020: City of the Future

19 May 2020

Business News analyses the changes Perth will need to make if it is to maintain the lifestyle that is the envy of many. We canvass the debate over urban infill, and look at options to achieve greater density, amenity and liveability.

Urban infill key for 2050 vision of Perth

Urban infill key for 2050 vision of Perth 

Mark Beyer 19 May 2020
Perth’s housing choices

Perth’s housing choices 

Mark Beyer 19 May 2020
New look for urban density, design

New look for urban density, design 

Mark Beyer 19 May 2020
Renewed focus on urban planning will ensure a resilient and liveable city

Renewed focus on urban planning will ensure a resilient and liveable city 

Rob Slocombe 18 May 2020
View 2 more >>
Education sector 2020

Education sector 2020

18 May 2020

WA’s education sector confronts the fallout of the COVID-19 pandemic, embracing new practices and a radically altered teaching landscape.

Unis drive broader value message

Unis drive broader value message

Jordan Murray 18 May 2020
Lessons from pandemic recess

Lessons from pandemic recess

Jordan Murray 18 May 2020
Mining projects 2020

Mining projects 2020

12 May 2020

- The big iron ore miners are thinking about what’s next in the pipeline after projects such as South Flank and Koodaideri.
- Tougher restrictions for securing foreign investment is the latest hurdle for miners seeking to develop projects.

Big miners position for project next

Big miners position for project next

Matt Mckenzie 12 May 2020
Challenges risk juniors’ pipeline

Challenges risk juniors’ pipeline

Matt Mckenzie 12 May 2020
Investors keep faith in gold

Investors keep faith in gold

Jessica Mascione 12 May 2020

MiningView all

Kairos Minerals

Gold explorers seek $12m

Jessica Mascione Jessica Mascione
25 May 2020

Kairos Minerals is looking to raise up to $4.2 million from a share placement and rights issue, while RTG Mining and Paterson Resources have also recently launched capital raisings.

Panoramic Resources

Western Areas takes 19% stake in Panoramic

Jessica Mascione Jessica Mascione
25 May 2020

Panoramic Resources has edged closer to the restart of its Savannah nickel mine in the East Kimberley after launching a $90 million capital raising, with Western Areas to emerge as a new strategic investor.

Bryah Resources

Bryah shares surge on high-grade discovery

Business News Business News
22 May 2020

Shares in Bryah Resources were trading as much as 50 per cent higher today after the Perth-based explorer reported recent drill results at its manganese project in Western Australia.

AngloGold Ashanti

$5.2 million for 49 drilling projects

Matt Mckenzie Matt Mckenzie
21 May 2020

Nearly 50 drilling projects will be funded through the state government’s Exploration Incentive Scheme, with winners including big businesses such as AngloGold Ashanti Australia and Rio Tinto.

Fortescue Metals Group

New China rules unsettle iron ore stocks

Mark Beyer Mark Beyer
21 May 2020

BHP and Fortescue Metals Group have welcomed new inspection rules for iron ore imports into China, but only after the news raised concerns that trade tensions between China and Australia could have claimed another victim.

OpinionView all

CITIC Pacific Mining

Palmer call sends wrong message

Tim Treadgold Tim Treadgold
25 May 2020

The refusal to allow Clive Palmer into WA on public health grounds seems out of step with decisions relating to other high-profile businessmen.

Mark my words podcast

Mark Beyer Mark Beyer
Mark Pownall Mark Pownall
22 May 2020

PODCAST: Mark Pownall and Mark Beyer discuss Wesfarmers restructuring, pandemic impact, planning process changes, BGC and Ventura Homes, new city towers, China tension, and our special report on WA's wine industry.

Chamber of Commerce and Industry of WA

Economic pressures ramp up

Peter Kennedy Peter Kennedy
21 May 2020

OPINION: The government faces a challenge to balance public health concerns with the need to get the WA economy going again.

Credit Suisse

Economic clarity in short supply

Tim Treadgold Tim Treadgold
20 May 2020

OPINION: Mixed messages about the economic effects of COVID-19 make it clear that, as with the virus, the world is in uncharted territory.

Mark my words podcast

Mark Pownall Mark Pownall
Mark Beyer Mark Beyer
15 May 2020

PODCAST: Mark Pownall and Mark Beyer discuss the pandemic’s economic impact, labour force, construction, hospitality, Qantas and Perth Airport, Minderoo rebrand, China spat, new corporate finance deals, Jennifer Lawrence, the City of the Future and our special report on the education sector.

RetailView all

Coles

Denada ice-cream to UAE

Madeleine Stephens Madeleine Stephens
19 May 2020

Sugar-free ice-cream brand Denada has hit supermarket freezers in the United Arab Emirates after its Perth-based founders signed a contract with Middle East supermarket chain Spinneys.

Wesfarmers

Target, Kmart slump offsets Bunnings surge

AAP AAP
Business News Business News
28 Apr 2020

Wesfarmers has accelerated a review into its underperforming Target business as coronavirus lockdown measures hammer sales and spell a likely earnings decline.

Brumby's Bakeries

More shops close amid virus crisis

Jessica Mascione Jessica Mascione
02 Apr 2020

More Perth eateries are set to shut their doors in response to a weakened retail environment, particularly in shopping centres, while blinds retailer Kresta has announced it will close all of its showrooms across the country.

Dexus

More retailers shut down in COVID-19 crisis

Jessica Mascione Jessica Mascione
26 Mar 2020

Just Jeans, Peter Alexander and Smiggle are among several Australian brands set to close their doors tonight due to the COVID-19 crisis, while commercial landlord Dexus has withdrawn its earnings guidance for 2020.

Michael Hill to close all 304 stores

Jessica Mascione Jessica Mascione
24 Mar 2020

Retailer Michael Hill International will close all 14 stores in Western Australia as part of its move to suspend operations nationwide, and in New Zealand and Canada, amidst growing COVID-19 concerns.

SkylineView all

Skyline
Property Council of Australia

Property Council WA ready to work on commercial tenancy code of conduct

Skyline Skyline
08 Apr 2020

Property Council WA has pledged property industry support for efforts by Premier Mark McGowan to keep WA businesses strong - starting with a fair commercial tenancy code of conduct.

Property Council of Australia

Property Council WA supports efforts to ease virus pain

Skyline Skyline
24 Mar 2020

Property Council WA Executive Director Sandra Brewer has offered the State Government industry support to protect incomes, jobs and solvency.

Project 90K sets out bold vision for Perth’s CBD

Skyline Skyline
12 Mar 2020

Property Council WA has unveiled a bold vision to set aside the areas needed for foundation infrastructure to support a central Perth population of three times its current level.

Property Council of Australia

Property Council WA advocates for affordable medium density

Skyline Skyline
06 Mar 2020

Perth’s so-called missing middle must be affordable and well-designed, Property Council WA says.

Sheffield Property WA

Primewest selects Sheffield to manage significant Perth office assets

Skyline Skyline
25 Feb 2020

Primewest has appointed WA-owned commercial office specialist Sheffield Property to manage a key group of office assets in the city.

Bulls N' BearsView all

Bulls N' Bears
Kairos Minerals

Kairos to launch major exploration program as Sprott invests

Matt Birney Matt Birney
26 May 2020

Kairos Minerals has locked away a $4.2 million capital raise corner-stoned by billionaire gold bull and fund manager Eric Sprott. Kairos is hoping to emulate the stunning success of neighbour, De Grey Mining and join the prestigious ‘million-ounce club’ in the coming months with the money. An extensive fieldwork campaign will kick off in early June, with drilling in July.

Proteomics International Laboratories

Proteomics to develop ‘rapid-test’ for COVID-19

Matt Birney Matt Birney
25 May 2020

ASX-listed Proteomics International has received a $200,000 boost in funding courtesy of the WA Health Department and the WA Health Translation Network to develop a rapid test for COVID-19 and undertake some ground breaking research into why it attacks some worse than others. Proteomics will make use of its state-of-the-art facilities at the QE11 Medical centre.

Lithium Australia

Lithium Australia goes bush to test recycled battery fertiliser

Matt Birney Matt Birney
25 May 2020

After a successful round of greenhouse tests, Lithium Australia is set to undertake field trials for its spent alkaline battery waste fertiliser product near Kojonup in Western Australia’s Wheatbelt. It is aiming to deliver recycled manganese and zinc as micro-nutrient supplements to WA’s broad acre pastoralists in a region that produces around 14 million tonnes of grain annually.

Tyranna Resources

Tyranna to stick with Syngas offer for Jumbuck gold project

Matt Birney Matt Birney
25 May 2020

Tyranna Resources has rejected Marmota Limited’s bid for its Jumbuck gold project in South Australia’s gold-rich Gawler Craton after taking legal advice that will see it stick to an earlier offer from ASX-listed Syngas that has been slow to settle. Whilst the Marmota bid appears to have fewer conditions, Tyranna said it was compelled by binding exclusivity obligations to proceed with the Syngas deal.

Adriatic Metals

Adriatic secures key environmental permit in Bosnia

Matt Birney Matt Birney
25 May 2020

ASX-listed Adriatic Metals can now move on to the urban planning permit phase of the approvals process for its Veovaca precious and base metals deposit after Bosnia’s Federal Government signed off on the environmental permit, removing a key hurdle on the pathway to production. The permit covers the Veovaca mine, plant and tailings facility.

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Terry Grammer

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Thought LeadershipView all

St John Ambulance WA

St John offers COVID-19 Safe first aid training

St John WA St John WA
21 May 2020

COVID-19 has prompted the reimagining of almost every aspect of our lives from how we shop, work, play, relate and communicate, to how we learn.

Cisco

Cisco at the frontline of cyber defence

Cisco Cisco
18 May 2020

A jump in cyber attacks and the need to increase network security during mandatory working from home has presented a number of challenges for businesses, with technology stepping in to protect.

MKDC Design Consultants

How to turn your post-COVID workplace into an asset

MKDC
17 May 2020

As we emerge from the other side of social distancing restrictions in Western Australia, many employers are contemplating how COVID-19 will impact their workspaces when (or if) staff return to the off

EY

Testing times provide test bed for EY

EY EY
14 May 2020

The best advice comes from lived experience and with EY moving to remote work before the mandated lockdown, its lessons will permanently impact how it operates and what it advises clients.

Crimson welcome students to their virtual classrooms

Jamie Beaton Jamie Beaton
11 May 2020

After two years of development, a purpose-built online education program, Crimson Global Academy (CGA), began classes this week with parents and students welcomed to the CGA family.