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

Corporate Finance DealsView all

Seven Group Holdings

Seven completes $375m raising

AAP AAP
Business News Business News
21 Sep 2017

Seven Group Holdings has raised $375 million to help it buy the remainder of equipment hire company Coates Hire, and plans to tap investors for a further $25 million.

AVZ Minerals

Juniors in $26m of deals

Matt Mckenzie Matt Mckenzie
19 Sep 2017

Six local resources companies have announced capital raisings of around $26 million for projects including in lithium and rare earths, with one of the businesses, Okapi Resources, planning to join the ASX bourse.

Gascoyne Resources

Gascoyne in $60m facility for gold project

Fraser Beattie Fraser Beattie
18 Sep 2017

Gascoyne Resources has mandated two of Australia's largest banks to arrange a $60 million debt facility for the development of its Dalgaranga gold project in the Murchison region.

Norwest Energy

Shares jump on Xanadu result

Matt Mckenzie Matt Mckenzie
18 Sep 2017

Shares in three local energy companies have surged today after hitting hydrocarbons while drilling the Xanadu-1 offshore prospect in the Perth Basin, with Triangle Energy leading the charge, up nearly 60 per cent.

Ramelius Resources

Ramelius buys Evolution's Edna May for $90m

Fraser Beattie Fraser Beattie
18 Sep 2017

Ramelius Resources is set to become a 200,000 ounces per annum gold producer after acquiring Evolution Mining’s Edna May operation near Merredin for up to $90 million in cash and shares.

Most CommentedView all

Forrest calls on ARU chairman to quit

AAP AAP
30 Aug 2017

Andrew Forrest has called on Cameron Clyne to resign, claiming the ARU chairman misrepresented the reasons he chose to axe the Western Force.

Perth Airport

Playing catch-up not a winning strategy

Tim Treadgold Tim Treadgold
14 Sep 2017

OPINION: As technology increasingly cuts out the middleman, the WA government’s investment in facilities at Perth Airport may have short-lived benefits.

Qantas

Qantas profit falls, Jetstar solid

AAP AAP
25 Aug 2017

Australia's biggest airline, Qantas, said its net profit fell as the benefits of lower fuel prices were offset by the reduction in net passenger revenue and after a one-off gain in the prior year.

Crowdfunding sought for WA GST legal fight

AAP AAP
28 Aug 2017

A Western Australian Liberals-led High Court challenge over the state's GST share will be partly financed by crowdfunding.

Synergy

Synergy loss as gas, power sales fall

Matt Mckenzie Matt Mckenzie
14 Sep 2017

State-owned power generator and retailer Synergy has recorded a loss of $12.6 million for the 2017 financial year on the back of lower sales revenue and a large impairment due to the early closure of its generation capacity.

Politics & the EconomyView all

Shire of Serpentine Jarrahdale

Bio Organics founder seeks council seat

Fraser Beattie Fraser Beattie
21 Sep 2017

Benjamin Avila hopes that winning a seat on the Shire of Serpentine Jarrahdale council will enable him to assist businesses avoid the fate that befell his.

Synergy

State aims for 50% women on boards

Fraser Beattie Fraser Beattie
20 Sep 2017

The state government has set itself the target of increasing the number of women appointed to its boards, committees and advisory bodies to 50 per cent by 2019, though it has a long way to go before hitting gender equality at its major trading enterprises.

KPMG

Visa changes move goals for business

Katie McDonald Katie McDonald
18 Sep 2017

SPECIAL REPORT: Stricter visa rules are making it harder for businesses in WA to explore overseas options to meet their skilled labour needs

Michael Page

Recruiters adapt to a changing marketplace

Katie McDonald Katie McDonald
18 Sep 2017

SPECIAL REPORT: A possible skills shortage is among the challenges facing WA recruiters, amid an uptick in mining and hiring across the board.

Kobelke to head Swan Valley inquiry

Business News Business News
15 Sep 2017

Former police minister and Labor member for Balcatta, John Kobelke, has been appointed to head a review of the Swan Valley’s planning framework, Planning Minister Rita Saffioti announced today.

Upcoming Business News EventsView all

Success and Leadership - Professor Fiona Wood

Hyatt Regency Perth - 28 November 2017

40under40 - ENTER NOW

Winners announced - 07 March 2018

PropertyView all

Urban Development Institute of Australia WA

Transport noise policy revamp

Katie McDonald Katie McDonald
20 Sep 2017

Striking a balance between transport corridors and urban development is the main objective of a revised planning policy that aims to mitigate road and rail noise for new residential projects.

Liar loans symptomatic of poor home loan practices

Tim Treadgold Tim Treadgold
20 Sep 2017

ANALYSIS: If a full-blown mortgage crisis were to hit Australia, it will have been brought about by mismanagement at all stages of the home-loan process.

Property Council of Australia

Perth property down 8.8% in three years

Matt Mckenzie Matt Mckenzie
19 Sep 2017

Perth residential property prices fell 0.8 per cent in the June quarter, to be down 3.1 per cent across the financial year, according to data released by the Australian Bureau of Statistics today.

Lease Equity

City retail strip to become student accommodation

Katie McDonald Katie McDonald
19 Sep 2017

The new owner of 335 Wellington Street, home to the Wellington Surplus Stores for 75 years, has lodged an application with the City of Perth to build a $70 million student accommodation building.

Sirona Capital

Kings Square promises unique Freo offering

Katie McDonald Katie McDonald
14 Sep 2017

Property developer Sirona Capital has today unveiled plans for the 5,500 square metres-plus retail component of its $270 million Kings Square project in Fremantle.

Arts & CommunityView all

Perth Institute of Contemporary Arts

Art scene: Proximity Festival

Tori Wilson Tori Wilson
22 Sep 2017

With the development of new projects in Perth’s east end under way as part of the Historic Heart project led by Adrian Fini, it is perhaps fitting that the Proximity one-on-one performance arts festival will take place at Cathedral Square for 2017.

Margaret River Chocolate Company

Entrepreneurs stitch-up sweet live music deal

Katie McDonald Katie McDonald
12 Sep 2017

A Murray Street basement once home to the pattern cutters and seamstresses of Perth fashion label Pierucci is set to become the city’s newest live music venue, The Sewing Room.

Artist in residence with Hugh Brown

Tori Wilson Tori Wilson
12 Sep 2017

Documentary photographer Hugh Brown first picked up a camera in 1998 when he fell in love with Western Australia’s red-earthed Kimberley, and the journey that started nearly two decades ago shows no sign of ending.

Satterley Property Group

Creative approach to community change

Matt Mckenzie Matt Mckenzie
04 Sep 2017

SPECIAL REPORT: On the runway and in the shopfront, fashion has become an instrument for changemakers who want to make a difference in the community.

Empire Rose

Offshore, onshore success by design

Matt Mckenzie Matt Mckenzie
04 Sep 2017

SPECIAL REPORT: Whether they’re manufacturing locally or abroad, WA fashion designers and garment makers are still winning contracts and stockists here and overseas.

Featured PhotographsView all

Shark Bay from above
Welcome to Carnarvon
Common facilities - rooftop sky garden
Curtin HIVE recently held one of the first studies of its kind to explore the effects of sensory cues in retail stores on consumer emotions
The research found that sensory cues evoke greater intensity of emotions, which enhances consumers’ attitudes towards the brand and likelihood of purchase
Steel Blue's Malaga facility produces 200 pairs of made-to-order boots a day.
Steel Blue's Malaga facility produces 200 pairs of made-to-order boots a day.
Steel Blue's malaga facility produces 200 pairs of made-to-order boots a day.
Coma Land BTS - Black Swan Theatre
Coma Land BTS - Black Swan Theatre

EnergyView all

Stochastic Simulation

Stochastic into liquidation

Matt Mckenzie Matt Mckenzie
22 Sep 2017

Oil and gas software developer Stochastic Simulation has gone into liquidation, about five months after it went into receivership, with secured creditors likely to receive about 4 cents in the dollar in a best-case scenario.

Horizon Power

Horizon beats subsidy cut target

Matt Mckenzie Matt Mckenzie
15 Sep 2017

State-owned regional power provider Horizon Power has recorded a $35.4 million net profit for the year to June, while hitting its targeted reduction of government subsidies more than a year ahead of time.

Synergy

Synergy loss as gas, power sales fall

Matt Mckenzie Matt Mckenzie
14 Sep 2017

State-owned power generator and retailer Synergy has recorded a loss of $12.6 million for the 2017 financial year on the back of lower sales revenue and a large impairment due to the early closure of its generation capacity.

Empire Oil & Gas

Empire production assets under receivership

Matt Mckenzie Matt Mckenzie
14 Sep 2017

Updated: Empire Oil & Gas has appointed voluntary administrators to its wholly-owned Empire Oil subsidiary, which controls its core Red Gully assets.

Turnbull to stare down energy revolt on backbench

AAP AAP
13 Sep 2017

Malcolm Turnbull is staring down coalition backbenchers concerned that a proposed clean energy target could push up power prices and undermine coal-fired power.

"Mark My Words" PodcastsView all

22 September 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss Perth house prices, CBD developments, charity funding and Lotterywest, Perth Stadium and the gold sector.
15 September 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss Nev Power leaving FMG, safe harbour legislation, women on WA boards, stamp duty setback and labour markets.

11 September 2017

Tertiary education may not have sat comfortably with Justin Miller, but his connections to Curtin University have played an important role in the development of his Sensear and Nuheara businesses.

08 September 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss the state budget, contractor collapses, Lisa Scaffidi, advertising industry, ageing population and corporate wellness.
01 September 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss WA entrepreneurs, manufacturing merger, recycling deal, retail property, the sports stadium and the fashion industry.

Food & WineView all

Scentre Group

Opportunity brewing at Whitfords

Katie McDonald Katie McDonald
21 Sep 2017

The recent revamp of Westfield Whitford City’s hospitality precinct crafted the perfect business opportunity for Beerland Brewing to open its second venue today.

Aldi

WA considers minimum price on alcohol

AAP AAP
20 Sep 2017

The state government is considering enforcing a floor price on takeaway booze to stop people getting drunk on cheap alcohol, but the opposition says it is a cost impost on households and red tape burden on businesses.

Fraser Suites Perth

WA venues win national awards

Katie McDonald Katie McDonald
20 Sep 2017

Four Perth hotels and hospitality businesses, including Fraser Suites and the State Buildings, have been named best in their field at the annual Australian Hotels Association National Awards for Excellence.

Cheeky Monkey Brewing Co

Cheeky Monkey on board Singapore Airlines flights

Tori Wilson Tori Wilson
19 Sep 2017

Margaret River's Cheeky Monkey Brewery Co is celebrating today with news Singapore Airlines will offer its locally brewed craft beer on business class flights between Perth and Singapore.

Burch Family Wines

Howard Park Wines sparkles in world championship win

Tori Wilson Tori Wilson
15 Sep 2017

Howard Park Wines recently flaunted its fizz at the Champagne & Sparkling Wine World Championships held in London, with its Jeté label winning the award for ‘best Australian sparkling wine’.

MiningView all

Sheffield Resources

Sheffield cleared for Thunderbird development

Fraser Beattie Fraser Beattie
22 Sep 2017

Sheffield Resources is set to receive a mining lease for its Thunderbird mineral sands project near Derby, after the Federal Court threw out a native title appeal by a local Aboriginal group.

Neometals

Neometals recruits Peak CEO

Business News Business News
21 Sep 2017

Mining executive Darren Townsend has left the top job at Peak Resources to become the chief development officer at Neometals, though he will continue at Peak as a non-executive director.

Red 5

Red 5 flags further impairments

Business News Business News
21 Sep 2017

Gold junior Red 5 has flagged a further $30 million impairment charge against its Siana gold project in the Philippines, on top of a $70 million write-down on the asset in March.

Seven Group Holdings

Seven Group buys out Coates Hire

AAP AAP
20 Sep 2017

Kerry Stokes' Seven Group Holdings has announced it will buy the remaining half of its stake in equipment hire company, Coates Hire, for $517 million.

Mineral Resources

MinRes, Galaxy trade blows over director

Mark Beyer Mark Beyer
18 Sep 2017

Perth companies Mineral Resources and Galaxy Resources have waded into an extraordinary dispute over their respective corporate governance standards, triggered by the role played by Chinese businesswoman Xi Xi.

OpinionView all

Labor faces upper house highwire act

Peter Kennedy Peter Kennedy
22 Sep 2017

OPINION: Labor will need to compromise if its budget plans are to pass the parliament, and a push for upper house reform may not be out of the question.

Mark my words podcast

Mark Pownall Mark Pownall
Mark Beyer Mark Beyer
22 Sep 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss Perth house prices, CBD developments, charity funding and Lotterywest, Perth Stadium and the gold sector.

This week's property round-up

Dillon Kanbi Dillon Kanbi
21 Sep 2017

OPINION: Sales activity experienced an expansion over the week, with Reiwa members reporting an increase in weekly sales to 583.

Targeted tech funding vital

Marcus Holmes Marcus Holmes
19 Sep 2017

OPINION: While the dollar amounts are small, the recent state budget contained some positive news for startups and the tech sector.

Solid steps ensure customer loyalty

Jeffrey Gitomer Jeffrey Gitomer
15 Sep 2017

OPINION: Before you receive loyalty from your customers, you’ll need to show some within your own workplace.

RetailView all

Wesfarmers

Remuneration boost for Goyder, Mackenzie

AAP AAP
20 Sep 2017

Wesfarmers managing director Richard Goyder landed a $12.1 million pay packet in his final full year in charge of the Coles and Bunnings operator, while BHP Billiton chief executive Andrew Mackenzie also lifted his total income, but he remained a long way short of the Perth businessman.

Myer

Perth stores safe, for now, as Myer cuts back

AAP AAP
14 Sep 2017

Myer's six Perth stores appear to have escaped the chop, with the retailer instead closing an additional three interstate stores as it struggles to turn around sluggish sales amid weak consumer spending and growing industry competition.

Blossoming Profresh a cut above

Katie McDonald Katie McDonald
06 Sep 2017

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

Automotive Holdings Group

AHG profit down but outlook positive

Business News Business News
25 Aug 2017

Perth-based Automotive Holdings Group has delivered a lower full-year net profit result on the back of restructures and one-off costs associated with its refrigerated logistics business.

Steel Blue

Steel Blue: hard-wearing, not hard to wear

Katie McDonald Katie McDonald
Attila Csaszar Attila Csaszar
17 Aug 2017

PHOTO ESSAY: Work boot company Steel Blue has shown niche, quality-focused manufacturing has a place in Western Australia.

Most viewed people

Xi Xi

Xi Xi

Non-Executive Director, Zeta Resources
Non-Executive Director, Mineral Resources

Richard Hacker

Richard Hacker

Chief Financial Officer (since 2008)
Joint Company Secretary (since 2017), Chalice Gold Mines
Chief Financial Officer
(Company Secretary 2008-2014), Liontown Resources
Non-Executive Director, Uranium Equities

Leanne Stevens

Leanne Stevens

Former Finance Manager, Company Secretary, Chalice Gold Mines
Former Company Secretary, Liontown Resources
Former Financial Controller, Perth, AWE
Former Audit Manager, Office of the Auditor General

Richard K Hacker

Richard K Hacker

Christine Christian

Christine Christian

Non-Executive Director, ME - Former ME Bank
Non-Executive Director, Flexigroup
Non-Executive Director, Lonsec

Thought LeadershipView all

Want to lower costs AND improve productivity by 30%?

Alex Hu Alex Hu
14 Sep 2017

In 2007, Google created a dedicated analytics team to support their People Operations (Human Resources) function and thus coined the term people analytics.

NEC Australia

FOCUS ON CYBER SECURITY

Marcus Ashby Marcus Ashby
12 Sep 2017

Leading-edge data and information security services are needed at a time when cyber threats are ever-present, and growing. 

Maritime issues In The Zone

Gordon Flake Gordon Flake
04 Sep 2017

The annual ‘In The Zone’ conference encourages Western Australians to think globally and, specifically, to look north.

Babies and Business are not Mutually Exclusive

Melanie Bridge Melanie Bridge
17 Aug 2017

Nearly two in every five employees have caring responsibilities for children; so, chances are your business employs one or more working parents.

City of Joondalup

Will the right location give your small business the edge?

Garry Hunt Garry Hunt
08 Aug 2017

According to the recent Bankwest Curtin Economics Centre report entitled “The Engine Room for Growth? - The Role, Performance and Future Prospects of Small Business in Western Australia”, small business accounts for 97 per cent of all businesses in the State, has a value added contribution of $39.7 billion, and accounts for 41 per cent (512,000 persons) of WA’s overall employment.