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

Corporate Finance DealsView all

Attila completes New Century reverse takeover

New Century Resources has enjoyed fruitful gains on its first day of trading on the ASX after completing a reverse takeover of Perth-based Attila Resources.

Bis in $1bn debt-for-equity deal

Bis Industries, one of the major transport players in Western Australia, will come under new ownership after a $1 billion debt-for-equity swap deal was struck with its major lenders.

Nuheara taps investors for $9m

Local tech company Nuheara has tapped investors for $9 million to fund ongoing development and enhancement of its IQbuds wireless headphones.

PSC buys Perth broker

PSC Insurance Group has bought National Franchise Insurance Brokers in a deal worth up to $1.2 million, two months after the Subiaco-based firm was placed into administration.

Metro taps investors for $38m

Metro Mining shares were up 20 per cent after the bauxite hopeful announced the completion of a $38 million capital raising through Perth broking firm Argonaut.

Most CommentedView all

EPA rejects MinRes, Sinosteel iron ore mines

The environmental watchdog has recommended rejection of two proposals to mine iron ore in Western Australia because they would cause irreversible damage to the land.

Prelude to an LNG drag race

OPINION: The resources world is watching to see how the technology on Shell’s Prelude platform performs against Inpex’s more traditional Ichthys operation.

CEO lunch with Wayne Belcher

New Business News CEO Mark Pownall sat down at Julio’s with Braemar Presbyterian Care’s Wayne Belcher to discuss his career and experiences in the aged care sector.

Nuheara shines among Rising Stars

Wearable technologies company Nuheara has topped an impressive year of growth, being named the Business News Rising Stars overall winner for 2017.

Libs need to mend some fences

OPINION: The ball is in Malcolm Turnbull’s court if the Liberals want to shore up seats in WA.

Politics & the EconomyView all

Steele-John to replace Ludlam in Senate

The 22-year-old disability advocate set to fill the Greens seat left vacant by Scott Ludlam has vowed to smash stereotypes and represent the interests of the young and disabled in federal parliament.

Signs of growth in WA economy

There are signs of recovery in the local economy, with employment and sales activity numbers showing improved performance in June and a major report predicting further recovery next year.

Foster to head Premier's department

Darren Foster has been formally confirmed as director general of the Department of the Premier and Cabinet, making him arguably the state's most powerful public servant, in a move forshadowed by Business News in March.

PM labels Labor GST document 'waffle'

Prime Minister Malcolm Turnbull has dismissed as "complete and utter waffle" Western Australian federal Labor MPs' submission to an inquiry into the GST.

Citizenship rules claim another Greens senator

Greens co-deputy leader Larissa Waters has resigned from the Senate after revealing she holds dual citizenship, just days after Scott Ludlam left federal parliament for the same reason.

Upcoming Business News EventsView all

Hyatt Regency Perth - 27 July 2017

Hyatt Regency Perth - 20 September 2017

PropertyView all

Melville Plaza to get $5m upgrade

Retail landlord Hawaiian will spend $5 million bringing one of the oldest shopping centres in its portfolio up to date, with work to start on a redevelopment of the 45-year-old Melville Plaza later this month.

Positivity flows into office sector

A growing chorus of major voices in Perth’s commercial property sector is suggesting the worst of the recent period of sluggish activity may be over, with consistent demand for space and renewed investor interest indicating the marketplace is on the improve.

Eastern deals attract west coast groups

East coast opportunities are increasingly beckoning for WA-based property companies.

Putting community back into idle spaces

An online startup is bringing the sharing economy to residential and commercial property. 

Listed players losing tenant war

Analysis of spaces available for lease across the portfolios of Perth’s 10 biggest office landlords shows stock market-listed groups are having the most trouble locking down tenants.

Arts & CommunityView all

Screenwest becomes an NFP

The state’s peak body for screen funding and development, Screenwest, has today formalised its transition from a government agency to an independent not-for-profit organisation.

Charities challenged to measure up

Many charities are struggling to measure outcomes in an increasingly competitive funding environment.

Artist in residence with Berndnaut Smilde

Berndnaut Smilde has spent years sculpting temporary clouds inside bare and evocative architectural spaces, but was inspired to replicate his artwork outdoors after encountering the sweeping landscapes of the Pilbara last year. 

Artist in residence with Philip Mitchell

A career in puppetry was the furthest thing from Philip Mitchell’s mind two decades ago, when he had his sights set on making it in the music business.

WA businesses to sweat it out for Starlight

Azure Capital, KPMG and Bis Industries are among the local businesses that have signed on for a series of outdoor events later this month for Starlight Children Foundation’s 2017 Great Adventure Ch

EnergyView all

Mixed results for Woodside

Energy giant Woodside Petroleum has posted a 6.6 per cent fall in second quarter production following outages at some of its facilities and lower share of pipeline gas from the North West Shelf. 

Walker replaces Aitken at Empire

Former Canaccord Genuity head of energy Asia Pacific, Angus Walker, has taken over the helm of Perth Basin energy producer Empire Oil & Gas today after the resignation of managing director Ken Aitken.

WA biggest winner from Inpex project

Tokyo-based Inpex’s Ichthys LNG project will provide a $34 billion boost to incomes in Western Australia across the period to 2050, and generate about $73 billion of tax revenue, according to an economic impact report by Acil Allen Consulting released today.

Commercial solar momentum builds

Schools, aged care facilities, shopping centres and bars are among the eclectic mix of establishments installing solar panels, amid predictions commercial rooftop installations could grow by nearly a gigawatt in Perth and surrounds by 2037.

Prelude to an LNG drag race

OPINION: The resources world is watching to see how the technology on Shell’s Prelude platform performs against Inpex’s more traditional Ichthys operation.

"Mark My Words" PodcastsView all

21 July 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss FMG's native title stoush, trucking sector restructuring, Quintis drama, economic update, honey, and the onshore oil and gas sector.

 

14 July 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss property development, university donations, lithium action, crowd-funding and Japanese buyers.

 

07 July 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss Paladin's collapse, Fastbrick Robotics, Peet and Perron Group, indigenous contracting and this year’s Total Shareholder Return survey.

30 June 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss BHP expansion, EPA decisions, renewable projects, Rising Stars, and BN Awards.

23 June 2017

In this Business News podcast Dan Wilkie and Mark Beyer discuss the state budget, fees and charges, skilled migration, the outlook for Perth property, new mining projects, the roadhouse blues, and indigenous business.

Food & WineView all

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.

Collins buys more WA KFC restaurants

ASX-listed Collins Foods will spend $110.2 million to acquire 28 KFC restaurants around Australia from US-based Yum! Brands, six of which are in Western Australia.

Claremont tops for amenity

Theoretically speaking, office workers in Subiaco have to wait about seven times as long as their Claremont counterparts for a morning coffee, an analysis of amenity levels across 50 suburban office markets has revealed.

MiningView all

Steady quarter for Atlas Iron

Atlas Iron has delivered a steady result for the three months to June and has reaffirmed its output guidance for FY18.

Paladin's Langer Heinrich stake worth $526m

Paladin Energy says it is entitled to receive about $US416 million for its majority stake in the Langer Heinrich uranium mine in Namibia, following an independent evaluation of the asset.

FMG likely to appeal native title decision

Fortescue Metals Group is likely to lodge an appeal after the Federal Court recognised the Yindjibarndi people have exclusive rights over Pilbara land where the company operates the Solomon iron ore operation.

Native title winners seek Fortescue compo

Yindjibarndi Aboriginal Corporation will seek compensation from Fortescue Metals Group after the Federal Court recognised it has exclusive rights over Pilbara land where the company operates the Solomon hub.

Evolution hits targets

Evolution Mining has lifted output and cut costs in the June quarter, helping it comfortably achieve its full-year production and cost guidance.

OpinionView all

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss FMG's native title stoush, trucking sector restructuring, Quintis drama, economic update, honey, and the onshore oil and gas sector. 

Wake up and write

OPINION: Without regular engagement with your social media followers (potential customers), your social media business strategy is going nowhere.

Settling foundations for GST change

OPINION: The perverse incentives created by the application of horizontal fiscal equalisation emerged clearly during a recent Productivity Commission inquiry.

Libs need to mend some fences

OPINION: The ball is in Malcolm Turnbull’s court if the Liberals want to shore up seats in WA.

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss property development, university donations, lithium action, crowd-funding and Japanese buyers. 

RetailView all

Woolies to remove single-use plastic bags

Woolworths, Big W and BWS liquor stores nationwide will stop giving out free plastic shopping bags within the next year.

Coca-Cola Amatil dealt double blow

Coca Cola-Amatil has suffered a double blow, losing a contract with Australia's largest pizza chain to its rival and failing to get its latest no sugar offering on the shelves of supermarket giant Woolworths.

Camera Electronic focused on growth

Fifty years after Ronald and Valerie Frank started a camera repair business from their home, their two sons oversee a fast-growing business that combines a new bricks-and-mortar store with an expanding online presence.

WA car sales show first improvement in years

New car sales in Western Australia grew on a monthly basis for the first time in four years in May, but the upswing still falls well short of the slide in sales for the year to date.

CEO lunch with Michael Chaney

Business News sat down to lunch at Julio’s with Michael Chaney to discuss his career at Wesfarmers and beyond.

Thought LeadershipView all

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.

Facing in to retail headwinds the best strategy

Despite news reports of a retail decline, research shows innovative consumer businesses can still thrive.

ESIC Legislation Turns One

A celebration is seemingly in order, as the Early Stage Innovation Company (ESIC) tax incentives are turning one!

What’s on every CIOs mind? Cloud and Mobility

Although cloud computing has been around for over a decade, for most people outside of the tech industry, it will feel like a relatively new concept.