Search

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

Corporate Finance DealsView all

Brainchip to push sales efforts with $6m raising

Technology company BrainChip Holdings has tapped investors for $6 million to expand its sales and marketing efforts.

Merchant merges with Somers

Financial services firm Merchant Group has announced plans to merge with investment bank and funds manager Somers & Partners.

Buru takes full ownership of Ungani

Onshore oil producer Buru Energy has taken full ownership of the Ungani operation in the Canning Basin as part of an asset swap with its joint venture partner, Mitsubishi Corporation.

Swick raises $5m, buys tech business

Swick Mining Services has raised about $5 million from investors to fund the buyout of minority shareholders in a mineral analysis and measurement technology company in which it already owns a major stake.

AHG takes stake in auction business

Logistics and car retailer Automotive Holdings Group has bought a major stake in an east coast-based vehicle auction business for an undisclosed sum.

Most CommentedView all

India’s growth an education opportunity

OPINION: Much has been made in recent times about the need to grow and diversify the Western Australian economy, now that the construction phase of the mining boom is over.

No promises for small states in GST review

The federal government won't guarantee Tasmania and South Australia will be no worse off under potential changes to the way GST revenue is carved up among the states.

Banks can expect another whacking

OPINION: Bank bashing is one of Australia's favourite sports, and while it is generally played when banks are behaving badly, there is a time when the banks become political footballs for playing well, which is what will probably happen next week - for 16 billion reasons.

Lifeline for Scarborough dunes, businesses

Scarborough's sand dunes have gotten an 11th hour reprieve after the state government honoured an election commitment to rework planned road extensions, while businesses disrupted by a $75 million redevelopment program along the beachfront have been given a lifeline.

Nuheara completes capital raising

Perth-founded wearable technology company Nuheara has raised a total of $4.65 million, substantially less than its $7 million target. 

Politics & the EconomyView all

State government still plans to win ships work

The state government will appoint a defence advocate to lobby Canberra to win work slated for South Australia.

Strong returns, teething troubles for graphite

Graphite players have posted strong share price gains in the past 12 months and raised $66 million between them, but they are struggling to kick off production of the mineral. 

WA upper house gets first female president

Long-serving Labor MP Kate Doust has become Western Australia's first female president of the Legislative Council, while Sue Ellery will lead the government in the upper house.

Willmott rules out bid for Cottesloe

Chamber of Commerce and Industry of WA chief executive Deidre Willmott will not be a contender for Liberal Party endorsement for the Legislative Assembly seat of Cottesloe when the incumbent, former premier Colin Barnett, quits politics.

Perth transport costs among nation's highest

Perth's public transport users are slugged more per year than commuters in any other Australian capital except for Sydney, but Perth is the cheapest city to insure two family cars, according to new data.

Upcoming Business News EventsView all

Beaumonde On The Point (upstairs ballroom and function centre), 306 Riverside Drive, East Perth - 28 June 2017
Book Now

PropertyView all

Contractors sought for Shenton Park Hospital redevelopment

Early works have begun on the state government's planned redevelopment of the Shenton Park Hospital into a residential and retail precinct, with expressions of interest for the first two lots to open next week.

Next stage for Knutsford build

Adrian Fini's development firm FJM Property is gearing up to launch the third stage of its Knutsford Precinct, near Fremantle, which was last year named as one of the best infill projects in the nation by the Australian Institute of Architects. 

Pindan gets solid return on Sydney sale

Pindan Capital has booked a near-$9 million profit after selling an office building in Sydney for $22 million.

Burke finds middle ground on builds

A foray into the mid-level market is paying dividends for luxury homebuilder Brian Burke Homes. 

Diploma maintains faith despite liquidation order

UPDATE: Diploma Group boss Nick Di Latte says the company will continue to push forward with its proposal to revive the company and provide a return to creditors, after provisional liquidators were appointed to 20 Diploma-related entities 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.
29 May 2017 to 30 May 2017
| @ 08:45am
29 May 2017 to 02 Jun 2017
| @ 09:00am
01 Jun 2017 | @ 08:20am
01 Jun 2017 | @ 05:30pm
02 Jun 2017 to 05 Jun 2017
| @ 10:00am

Arts & CommunityView all

Top chefs gather for foodie fest

Farmers, cooks, producers and consumers will join one of Australia's top chefs Ben Shewry this Sunday for a series of workshops, panel discussions and talks as part of Perth's inaugural Food and Drink Symposium. 

Festival honours Fremantle’s past

Visitors to Fremantle will take a step back in time as the city kicks off its annual heritage festival today. 

Support blooms for Cystic Fibrosis

Hundreds of volunteers and businesses across the state have joined forces to sell more than 13,000 long-stemmed roses in support of children and young adults living with Cystic Fibrosis.

Strong appetite for Brightwater giving appeal

Brightwater Care Group held its annual fundraiser at Crown Towers last Friday, with about 1,000 guests raising $230,000 for the organisation's work in the community.

Forrests gift $400m

Mining magnate Andrew Forrest and his wife, Nicola Forrest, have made history today with a $400 million pledge the prime minister has called a 'game changer'.

EnergyView all

Woodside puts focus on brownfields

Woodside Petroleum plans to boost cash flow through expansion of existing projects over the next few years and has ruled out investment in any major greenfield projects in the near term.

Monadelphous secures major Inpex contract

Engineering company Monadelphous Group has been awarded a contract to provide offshore maintenance services to the Ichthys LNG project by oil and gas company INPEX.

Woodside bullish on Browse

Woodside Petroleum managing director Peter Coleman has sketched out plans to convert the two LNG plants on the Burrup Peninsula into an integrated processing hub that would take gas from the Browse Basin and other undeveloped fields off the Western Australian coast.

Industry group backs private sector on renewables

The WA Independent Power Association has called for the state government to block a plan by public generator Synergy to set up a new renewable energy fund, while supporting a move to reduce Synergy's capacity.

LNG scores small win for Magnolia

West Perth-based Liquefied Natural Gas has scored a tick from a US regulator for initial site work at its Magnolia project in Louisiana, although a final investment decision won't be made until it has finalised offtake partners.

"Mark My Words" PodcastsView all

26 May 2017

In this Business News podcast Mark Pownall and Dan Wilkie discuss Forrest’s donation, Midland Gate expansion, investing in man caves and ICT for small business.

 

19 May 2017

In this Business News podcast Mark Pownall and Dan Wilkie discuss the Officeworks IPO, the WA economy, Diploma Group, and philanthropy and giving.

 

 

 

12 May 2017

In this Business News podcast Mark Pownall and Charlie Gunningham discuss the Bank levy, Perth’s Lord Mayor, international property investors and WA’s wine sector.

05 May 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss public sector overhaul, medical research funding, CityLink developments and our university sector.

28 April 2017

In this Business News podcast, Dan Wilkie and Mark Beyer discuss big changes to the public service, property developers, opportunities in defence, a new Qantas service, and our annual review of mining projects.

Food & WineView all

Woolworths ups food sales

Retail giant Woolworths has delivered strong comparable food sales for the third quarter in a sign it has wrested customers from arch-rival Coles.

Olive oil ecotourism opportunity

PHOTO ESSAY: About six weeks after the last grapes have been picked from the vines in the Margaret River region another bountiful harvest begins - the olive harvest.

Local distillers show winning spirit

Those who fancy a tipple of the finest vodka or whisky will be pleased to learn that two of the world's best are made right here in Western Australia.

Getting more from the daily grind

From pods to beans, the founders of social enterprise Community Pod have extended their business model.

Chains serve up $40m stores push

A big increase in takeaway spending in WA may not be flowing through to the big players, but they are still investing in market share.

Special ReportsView all

Universities 2017

Universities 2017

08 May 2017

International students targeted

Universities head hunt for international students
Filling niches

Filling niches

24 April 2017

Divergent strategies emerge in construction slowdown

Builders target niche opportunities
Relationships key to longevity

MiningView all

Iron ore bolsters WA rich lister rankings

An improved iron ore price delivered huge boosts for mining magnates Gina Rinehart and Andrew Forrest, who were two of the three Western Australians to feature in the top 10 on the nation's best known rich list.

Poseidon to spend $25m on Silver Swan

Poseidon Nickel expects to spend up to $25 million to restart operations at its mothballed Silver Swan mine near Kalgoorlie, according to a definitive feasibility study released today.

HopgoodGanim finds resources partner

Law firms HopgoodGanim Lawyers and Hunt & Humphry will amalgamate from July 1, with the deal designed to boost the combined firm's capabilities to take advantage of increasing activity in the r

Adani doesn't need Aussie banks: Walsh

Indian coal miner Adani does not need the financial backing of an Australian bank, former Rio Tinto chief executive Sam Walsh says.

From minesweeping to mine sites

A Queensland business that uses sensors to detect unexploded bombs in former conflict zones in South-East Asia and Europe is now using its technology to help iron ore miners find pieces of equipment that have broken off in stockpiles.

OpinionView all

Mark my words podcast

In this Business News podcast Mark Pownall and Dan Wilkie discuss Forrest's donation, Midland Gate expansion, investing in man caves and ICT for small business. 

Little shelter from fallout

OPINION: Australia is becoming increasingly vulnerable to global, and local, economic shocks.

Create the scenario for sales success

OPINION: Building relationships is a key element in the process of securing a strong portfolio of sales.

Counting the cost of not sticking to their knitting

OPINION: A failure to stick to their core competencies has led to significant disruption for businesses and organisations economy-wide.

Poor tax policy penalises success

OPINION: Picking on banks might be populist, but it is a very risky proposition.

RetailView all

Dick Smith investors plan class action

Shareholders in failed consumer electronics retailer Dick Smith are a step closer to taking class action against the business on the grounds they were misled about the company's profitability.

AHG flags profit downgrade, write-downs

Perth-based Automotive Holdings Group will incur a $35 million write-down hit from the closure of some of its underperforming businesses, in response to the weak market for car retailers combined with recent regulatory changes by the corporate watchdog.

More retail woes as Topshop hits the skids

The company operating Topshop's Australian stores has entered voluntary administration, becoming the latest in a list of retailers to stumble amid sluggish consumer spending.

Wesfarmers ends Officeworks IPO talks

Wesfarmers has decided against spinning-off its Officeworks stores via an initial public offering due to the market's current dim view of retail stocks.

National retail trade down 0.1% in March

Retail spending has slowed for a second consecutive month, official figures have shown, as consumers tighten their purse strings amid low wages growth.

Most viewed companies

Quintis

Quintis

Ranked 7th from 43
Agribusiness

Somers & Partners

Somers & Partners

Ranked 38th from 46
Corporate Finance

Probuild

Probuild

Ranked 2nd from 49
Construction Companies

Most viewed people

Janelle Marr

Janelle Marr

Managing Director, Futures and Strategy, Step Beyond Business Advisors
Non-Executive Director, Ability Centre
Chair (since 2015), ScreenWest
Councillor, Edith Cowan University

David Holden

David Holden

Executive Director, Business Services and Systems, MercyCare

David Holden

David Holden

Former Co-Founder, Managing Director, Firestrike Resources
Former Non-Executive Director, European Lithium
Former Non-Executive Director, Paynes Find Gold
Former Non-Executive Director, AVZ Minerals
Former Co-Founder, Managing Director, Ravensgate

John Palermo

John Palermo

Former Executive Chairman, Managing Director, Company Secretary, Consolidated Global Investments
Former Executive Chairman, Company Secretary, Pharmanet Group
Former

Tim Clark

Tim Clark

Non-Executive Director
Company Secretary (from 2015), Cervantes Corporation
Private Client Advisor, Compliance Manager, New York Securities
Company Secretary, Baraka Energy and Resources
Non-Executive Director
Company Secretary (from 2015), JV Global

Thought LeadershipView all

Business bankers strategic partners for challenges and change

Commonwealth Bank has transformed business banking to help small to large enterprises face emerging challenges and opportunities

Global solution, local experts the key to major WA project

Western Australia's GovNext-ICT program, currently at start-up stage, has a number of phases - with each promising so much to the local community.

Have we forgotten the simple art of mentoring?

Research has shown employees are more likely to succeed in the workplace if they have a mentor.

WA Outcomes setting the benchmark for consumption based IT in Government

Blue sky thinking comes from all manner of places.

Perth could become Australia’s next property investment hotspot – but where in Perth has the edge?

With recent property prices peaking in Sydney and Melbourne coupled with flat property conditions in Perth, there has been speculation recently that Perth is now the place to consider for investing in property. We all know that property investment has a number of risks so when considering investing in Perth, are there any areas that have the edge over other locations?