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

Corporate Finance DealsView all

Dreamscape makes $8m acquisition

ASX-listed tech company Dreamscape Networks has made its fourth acquisition in the past 16 months, purchasing a domain registration business for $8.5 million.

Vonex in $6m IPO

Local telco business Vonex started trading on the ASX today, after the company raised $6 million via an initial public offering.

Chinese group lobs $13bn offer for APA

The ownership of two major gas pipelines in Western Australia could change hands after a Chinese consortium proposed a $13 billion takeover of energy infrastructure giant APA Group, one year after the same consortium bought DUET Group, which owns the Dampier to Bunbury gas pipeline.

GCS and SRG to merge into $332m group

Perth companies Global Construction Services and SRG have announced an agreed merger that brings together their contracting, construction and engineering services into a combined group with an expected value of $332 million.

Centurion in WA contract and acquisition deal

Transport and logistics business Centurion has secured a fuel haulage contract with Viva Energy and acquired contracts and vehicles from Perth-based Fuel Trans Australia.

Most CommentedView all

Sydney investor buys National Lifestyle Villages

Sydney-based investor Rob Nichols has teamed up with Singapore-based investment fund GIC to buy the assets of Perth company National Lifestyle Villages following a review led by Sirona Capital director Kelvin Flynn, who has run NLV since October last year.

National review seeks to strengthen security of payments

A national review has recommended all state governments establish a system of statutory trusts for building projects above $1 million as part of a package of measures to tackle the impact of company failures and late payments on contractors.

Good leaders inspire their teams

Managers can encourage or discourage sales with their policies and actions, so what makes a great sales manager?

UWA moves into top 200 world ranking

The University of Western Australia has moved into the top 200 of the Centre for World University Rankings list, while Curtin University also jumped 135 spots in the latest annual results.

Activate Perth makes first move

A new association is aiming to liven up the streets of the CBD and fill its empty spaces with startups and creative enterprises via short-term and rent-free rolling leases.

Politics & the EconomyView all

Ashburton, Peppermint Grove nation's highest income locales

Western Australians still have higher median incomes than those in other states despite recent softening, according to data released today, with Ashburton and Peppermint Grove the nation’s top local government areas by the measure.

WA unemployment drops to 6.4%

Western Australia’s unemployment rate fell slightly in May to 6.4 per cent despite the local economy losing nearly 2,000 jobs, according to the latest data from the Australian Bureau of Statistics.

WAIRC delivers 2.5% min wage rise

The Chamber of Commerce and Industry of WA said today it was disappointed the Western Australian Industrial Relations Commission had agreed to lift the state’s minimum wage by 2.5 per cent.

Drop in Chinese investment

Australia outperformed most other jurisdictions as a destination for Chinese direct investment in 2017 despite a fall in flows and declining confidence in the country as a safe location for capital, according to KPMG.

Unions, academics at odds on power reform

Securing union support for his bid to introduce competition into the local electricity retailing market will be a major test of Ben Wyatt’s political and negotiating skills.

Upcoming Business News EventsView all

Beaumonde On The Point (upstairs ballroom and function centre), 306 Riverside Drive, East Perth - 27 June 2018

Grand Ballroom, Hyatt Regency Perth - 25 July 2018

PropertyView all

Perth house prices continue to fall

The latest data from the Australian Bureau of Statistics shows Perth’s house prices are down on the last quarter, while the ANZ is forecasting further house price falls for the state in the next two years.

Construction tenders June 15 2018

TendererProjectCloseSubmissionsADCO ConstructionsTreeby - Calleya Aspire clubhouse design and constructJun 29estperth@adcoconstruct.com.auADCO ConstructionsKwinana - bulk terminal design and const

Perth plays catch-up on student accommodation

The latest uptake of CBD-based projects could provide the shot in the arm Perth needs to boost international student numbers.

Northam lifestyle village latest regional project

Property developers Mike Hollett and Chris Harrison have gained backing from Wyllie Group for a 250-lot lifestyle village in Northam, adding to a string of projects collectively worth about $200 million in the shire.

Perth house prices among nation's top since '93

Perth house prices have increased 6.7 per cent per annum over the past 25 years, behind only Melbourne and Sydney, with southern suburb Leda among the country’s top performing in that time, according to a study released today.

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

Festivals claim $127m impact

The state’s two leading arts festivals have a large role to play in the cultural and creative vibrancy of Perth during the summer months, according to their impact reports released this week.

Artist uses business success to back fundraiser

Broome-based artist Helen Norton has combined an entrepreneurial and adventurous spirit with her artistic skills to forge a successful career over the past three decades.

BHP backs Zero2hero on suicide prevention

BHP Billiton has responded to a Hedland Senior High School student’s call for support by backing a youth-focused mental health and suicide prevention program based in the Pilbara.

Festival measures impact with Culture Counts

An analysis of Perth Festival undertaken by local firm Culture Counts has found near-universal support for the event's impact on, and importance for, Western Australia's cultural scene.

CEOs call for support as they prepare for sleepout

Vinnies CEO Sleepout is fast approaching and Perth's business leaders are calling for support to help them reach their goals.

EnergyView all

WA rooftop solar to triple: AEMO

Rooftop solar capacity across Perth and surrounds will nearly triple in the next decade, to be about 2.3 gigawatts, as the Australian Energy Market Operator confirmed current capacity and demand side management was sufficient to meet forecast demand on the South West Interconnected System power network.

Tudor heads east from Horizon

Frank Tudor has resigned as managing director of Horizon Power to take the reins of eastern states energy player Jemena.

Horizon Power awards Onslow solar contracts

Horizon Power has awarded contracts to CPS National and Contract Power Group for the construction of a solar farm and battery storage in Onslow.

Onslow marine base set to expand

The state government has signed off on a $16.8 million Northern Australia Infrastructure Facility loan for the stage two expansion of Onslow Marine Support Base, located at Beadon Creek and operated by Kuwait-based Agility Logistics.

Solar deal takes Badgingarra project to 148MW

Sydney-based utility APA Group will expand its 130-megawatt wind farm project at Badgingarra to include a 17.5 megawatt solar farm, after extending a power purchasing agreement with Alinta Energy.

"Mark My Words" PodcastsView all

15 June 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss BHP’s new iron ore mine, plus more good news on lithium and nickel, the battle over Atlas Iron and shipping rights at Port Hedland, Perth house prices – which suburbs have delivered the best long-term returns, and our special report on infrastructure.

08 June 2018

PODCAST: Mark Beyer, Matt Mckenzie, and Katie McDonald discuss the latest economic growth data, three intriguing takeover prospects (Atlas Iron, HBF, BGC), stockmarket floats, including Primero group, agricultural projects in WA's north, the continuing debate over fly-in-fly-out, and our special report on Perth apartment projects.

01 June 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss FMG expansion, Quintis, Cooper & Oxley, defence contracts, Immersive Technologies, and our special report on distilleries and breweries.

25 May 2018

PODCAST: In this Business News podcast Mark Pownall and Mark Beyer discuss BGC, Wesfarmers, National Lifestyle Villages, battery plant speculation, blockchain, and our special report is information and communications technology.

18 May 2018

PODCAST: Mark Pownall and Mark Beyer discuss defence contracts, LNG developments, high density housing, master entrepreneurs, The West Australian, lithium and our special report on philanthropy.

Food & WineView all

Vic Park bar voted best in Australia

Victoria Park bar the Dutch Trading Co has been named the best beer venue in the country, as judged by a panel of 23 industry leaders coordinated by Beer and Brewer Magazine.

Gage Roads buys Matso's for $16m

Gage Roads Brewing Company has struck a deal to purchase Matso’s Broome Brewery for $16.1 million, along with a $12 million capital raising to fund the acquisition.

WA brewery tops international competition

The local beer label behind Northbridge Brewing Company and Whitfords Brewing Company has won the top prize at Australia’s most renowned beer competition, hosted in Melbourne last night.

King of Queen Street lifts veil on new Moroccan bar

With the outlook for the small bar sector becoming more positive, hospitality entrepreneur Andy Freeman has embarked on a $2 million Moroccan-themed venue in Perth’s east end.

Tiny’s brings big energy to QV1

A new bar at Perth’s QV1 is aiming to make a big splash in Perth’s west end.

Special ReportsView all

Infrastructure contractors

Infrastructure contractors

18 June 2018

Transport, energy projects create opportunities

Labour challenge looms as work ebbs and flows
State still sorting contracts
From Bibra Lake to the Big Apple
Contractors switch on for next generation of power
Breweries & Distilleries

Breweries & Distilleries

05 June 2018

New products and venues as sector matures

Locals develop a taste for distilling gin
Provenance and innovation key as local brewers get crafty
Stallwood on track to Nail craft brews
ICT – small business 2018

ICT – small business 2018

28 May 2018

ICT convergence changes market
Data #3 expands into CBD
Giving Well 2018

Giving Well 2018

21 May 2018

Philanthropists, charities changing focus

Structure, strategy fuel funding
Events still deliver the goods
Giving with intent when done on Purposed

MiningView all

Atlas asks MinRes to beat Rinehart's offer

Atlas Iron has given ASX-listed rival Mineral Resources three days to respond to the $390 million takeover bid by Gina Rinehart's Hancock Prospecting.

Empire has Supreme Court win

Empire Resources has had a win in the Supreme Court of Western Australia, after an injunction order sought by the company’s joint venture partner, Brimstone, relating to an overdue payment was dismissed today.

Ausdrill announces Sayers' replacement

Former CIMIC group executive Mark Norwell is set to take the helm at mining services company Ausdrill, replacing founder and chief executive Ron Sayers after 30 years in charge.

Rinehart lobs $390m offer for Atlas Iron

Gina Rinehart-led Hancock Prospecting has proposed a $390 million takeover offer for Atlas Iron, less than a week after purchasing a 19.9 per cent stake in the junior miner.

South32 to pay $1.75bn for Arizona miner

South32 has made a $US1.3 billion ($A1.75 billion) bid to take sole ownership of US-focused Arizona Mining.

OpinionView all

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss BHP’s new iron ore mine, plus more good news on lithium and nickel, the battle over Atlas Iron and shipping rights at Port Hedland, Perth house prices – which suburbs have delivered the best long-term returns, and our special report on infrastructure.

Ticking the boxes on eligibility

Opinion: A big weekend of by-elections could have been avoided if tighter candidate guidelines were in place.

Hohnen a reluctant ‘entrepreneur’

David Hohnen has been at the top of his game for two decades, and is one of many quality local businesspeople named in the Queen’s Birthday honours this month.

Nickel could steal lithium’s thunder

Growing demand for nickel in steelmaking and battery production is positive news for WA, and the Kalgoorlie region in particular.

Mark my words podcast

PODCAST: Mark Beyer, Matt Mckenzie, and Katie McDonald discuss the latest economic growth data, three intriguing takeover prospects (Atlas Iron, HBF, BGC), stockmarket floats, including Primero group, agricultural projects in WA's north, the continuing debate over fly-in-fly-out, and our special report on Perth apartment projects.

RetailView all

Kambo's into administration

Customers of local whitegoods and home appliance retailers Kambo’s and Liebe + Haus have been told they will need to wait several days before finding out if their credit purchases are still valid after the two jointly-owned businesses were placed into administration on Friday.

Wesfarmers pledges focus on returns

Wesfarmers bosses have vowed to focus on delivering returns to shareholders after the company's disastrous foray into the UK hardware market.

Metcash to take $352m hit

Metcash will take a $352 million hit in its full-year results due to weakness in the Western Australian economy and the decision of one of its South Australian supermarket customers not to renew its contract.

Westfield shareholders approve takeover

Westfield Corporation shareholders have voted in favour of a $33 billion takeover by Paris property giant Unibail-Rodamco, marking the end of an era for the Lowy family.

Wesfarmers leadership changes

Wesfarmers has announced two leadership changes today, with Officeworks chief executive Mark Ward set to step down at the end of the year, while former New Zealand prime minister Bill English has been appointed to the board of the Perth-based conglomerate.

Most viewed people

Peter May

Peter May

Business Development Manager, "WA Open for Business"​ team, Department of Regional Development
Business Development Manager, Agribusiness &
Food Investment, Department of Primary Industries and Regional Development
Commercial &
Operations Manager, Activ Foundation

John Poynton

John Poynton

Director, Linc Property
Non-Executive Chairman, Giving West
Council Chairman, Christ Church Grammar School
Non-Executive Chairman, Warrington Property
Non-Executive Chairman, Jindalee Partners
Non-Executive Director, Crown Perth
Non-Executive Chairman, Strike Energy
Board of Guardians, Future Fund

Patrick Kedemos

Patrick Kedemos

Former Honorary Consul , Consulate of France
Former Director, BlueMount Capital
Former Managing Director (CEO 2011-2012), AnaeCo
Former General Manager (since 2007), Air Liquide Australia

Mark Norwell

Mark Norwell

Executive General Manager, Strategy &
Growth (since 2018), Thiess
Incoming MD &
CEO (from Sept 17, 2018), Ausdrill

Peter May

Peter May

Executive Manager, Enterprise Development (Manager, Business Development to 2006), Workpower Inc

Thought LeadershipView all

Breaking into the global marketplace

With the rise of globalisation comes the increasing demand for businesses to expand into international markets in order to stay competitive. This can create significant opportunities for organisations of all sizes, however it can also pose a great risk if approached in the wrong way.

Helping people with no choices

Imagine what you would do if you found yourself homeless, if you lost your job and couldn’t pay your bills, if you couldn’t provide a meal for yourself or your family, if you didn’t have a safe and se

How the GDPR affects you, even if you think it doesn’t

You’ve probably heard about the GDPR, but have you taken action in time for the 25 May enforcement date? Here’s my quickstart guide to compliance for Australian businesses.

If you don’t test your DR strategy how can your organisation be IT Resilient?

I.T. has come a long way since the days of merely providing a computer, mouse, and keyboard to its employees. Technology is now fundamental to the operation of any business.

Help – It’s performance review time!

My fellow graduates and I feel unsure about how well we will fit into a new workplace, and how other employees and management will treat us.