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

Corporate Finance DealsView all

ResApp Health

ResApp raises $7.5m

Business News Business News
19 Sep 2018

Medical tech company ResApp Health has announced a $7.5 million capital raising as it moves to commercialise its smartphone app, which aims to diagnose and manage respiratory diseases.

Poseidon Nickel

Poseidon averts Asic objection

Mark Beyer Mark Beyer
17 Sep 2018

Aspiring miner Poseidon Nickel has completed a $69 million entitlement offer without having to call on support from its sub-underwriter, Andrew Forrest’s Squadron Resources.

Poseidon Nickel

Asic challenges Forrest's Poseidon deal

Mark Beyer Mark Beyer
13 Sep 2018

The corporate regulator has objected to an underwriting deal under which Andrew Forrest’s Squadron Resources could end up with as much as 61 per cent of Poseidon Nickel.

Capilano Honey

Beekeepers support Capilano takeover bid

AAP AAP
13 Sep 2018

The beekeeper-owners of Capilano Honey have thrown their support behind a private equity takeover bid for the Australian company.

OpenDNA

OpenDNA acquires new digital agency

Matt Mckenzie Matt Mckenzie
12 Sep 2018

Subiaco-based marketing business OpenDNA has completed a $2.5 million placement and announced it will acquire Perth-based Choose Digital and Chinese-focused RooLife.

Most CommentedView all

PwC

Tax policy failure a missed opportunity

Matt Mckenzie Matt Mckenzie
30 Aug 2018

Opinion: Riding on a bus in Sydney almost two decades ago, my mother was worried we’d be homeless if the country went into a recession, as many were suggesting could happen after the Howard government introduced the GST.

University of Western Australia

Jail sentence for UWA Guild theft

Business News Business News
27 Aug 2018

A former UWA Student Guild staff member who stole around $560,000 has been sentenced to a four year jail term, after Business News reported in 2014 he had left his role and that accounting firm BDO had been hired for a forensic audit.

Voyager Estate

Voyager targets tourists with provenance push

Cassandra Charlick
29 Aug 2018

Dining accolades, tourism successes, exploratory wines and a new venture in the pipeline – it’s a big year for Voyager Estate, which is celebrating its 40th anniversary.

NEC Australia

GovNext will not deliver planned savings

Mark Beyer Mark Beyer
30 Aug 2018

The Barnett government’s ambitious GovNext ICT program was based on flawed assumptions and will not achieve the anticipated savings but still holds potential to deliver significant benefits, a review has found.

Chamber of Commerce and Industry of WA

WA risks skills shortage

Delia Price Delia Price
03 Sep 2018

A 7.4 per cent decline in the number of WA trainees and apprentices in-training is leaving the state at risk of a skills shortage.

Politics & the EconomyView all

Housing Industry Association

WA population hit by interstate losses

Tayler Neale Mark Beyer
20 Sep 2018

Western Australia’s population increased by just 0.8 per cent in the year to March, continuing its recent trend of soft growth, while nationally population growth slumped to a two-year low, new data out today shows.

Lotterywest

WA govt moves to ban online lotteries

AAP AAP
19 Sep 2018

Moves are under way in Western Australia to ban online lottery betting organisations, with the state government saying it will protect Lotterywest and minimise harm to at-risk gamblers.

Trade war risks collateral damage

Matt Mckenzie Matt Mckenzie
19 Sep 2018

Market fears for the outcome of the escalating tariff war between the world’s two biggest economies have heightened during the past week, with history showing what could be a significant impact on consumers, and employment.

Six WA prison guards face corruption probe

AAP AAP
14 Sep 2018

Six female prison officers, who either quit or were sacked from Acacia Prison in Wooroloo WA for having "inappropriate relationships" with inmates, have been referred to the Western Australian Corruption and Crime Commission.

Chamber of Commerce and Industry of WA

Unemployment steady in the west

Matt Mckenzie Matt Mckenzie
AAP AAP
13 Sep 2018

Western Australia’s unemployment was steady in August at 6.2 per cent in trend terms, despite a small rise in the number of people employed, although the level was much lower for women than men.

Upcoming Business News EventsView all

Success and Leadership - Hon Julie Bishop

BelleVue Ballroom 1 PCEC - 12 October 2018

Success and Leadership - Miyuki Suzuki Leader o...

The Westin Ballroom - 24 October 2018

PropertyView all

Property Council of Australia

Property Council cautiously backs noise reforms

Mark Beyer Mark Beyer
Tayler Neale Tayler Neale
20 Sep 2018

The Property Council of Australia has welcomed proposed laws governing apartment projects in entertainment precincts, but has expressed caution about where the policy applies and its impact on planning approvals.

The Agency Group Australia

The Agency confirms Top Level buy, $13m equity deal

Business News Business News
19 Sep 2018

Perth-based The Agency Group Australia has executed an option to acquire east coast real estate group Top Level for $5.5 million, while also announcing an $8.4 million capital raising and a $5 million debt conversion deal.

Aegis Aged Care Group

Carmel, Aegis win Joondalup project

Business News Business News
18 Sep 2018

Property developer Carmel Group and Aegis Aged Care Group have been chosen to build a $100 million multigenerational development at the former Joondalup Basketball Stadium.

ABS house price data at odds with CoreLogic

Tayler Neale Tayler Neale
18 Sep 2018

New data from the Australian Bureau of Statistics shows a less severe annual decline in Perth house prices than other sources.

All Earth

All Earth Group into administration

Mark Beyer Mark Beyer
17 Sep 2018

Maddington-based civil contractor All Earth Group, which held contracts on two state government projects, has gone into voluntary administration.

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.
27 Sep 2018 | @ 09:00am
Content Marketing – Creation, Curation & Strategies [MASTERCLASS]
28 Sep 2018 to 29 Sep 2018 | @ 09:00am
Perth Mindfulness Conference 2018
01 Oct 2018 | @ 09:00am
AIM WA UWA Business School Executive Education: Act Like A Leader
02 Oct 2018 | @ 02:00pm
R&D Tax Incentive information session for businesses
02 Oct 2018 | @ 05:30pm
eGroup October Forum
03 Oct 2018 | @ 09:00am
Instagram Marketing - Hashtags, Content & Growth [MASTERCLASS]
03 Oct 2018 | @ 05:00pm
Meet the Innovator: Mahmood Hussein
03 Oct 2018 | @ 05:00pm
2018 GIWA Forum - China and Western Australia: Grain, Agribusiness and Food Futures
05 Oct 2018 to 07 Oct 2018 | @ 12:00pm
Revive Retreat Weekender
06 Oct 2018 | @ 06:30pm
Kids Are Kids! Gala Dinner

Arts & CommunityView all

AngloGold Ashanti

Earbus gets the message out

Delia Price Delia Price
21 Sep 2018

The Earbus Foundation of WA has been recognised for its charity work and business structure.

Art Gallery of WA

Holmes a Court to chair AGWA

Delia Price Delia Price
18 Sep 2018

The state government has announced Janet Holmes a Court will replace Sam Walsh as chair of the Art Gallery of WA, amidst uncertainty around the future of chief executive Stefano Carboni.

Screenwest

McKenna resigns from Screenwest

Delia Price Delia Price
10 Sep 2018

Seph McKenna has unexpectedly resigned as chief executive of Screenwest, only nine months into his five-year term.

Ae'lkemi

Designers plan global assault

Matt Mckenzie Matt Mckenzie
10 Sep 2018

SPECIAL REPORT: Asia and the US are the big targets for Perth designers who hope to break onto the world stage.

Chamber of Arts and Culture WA

Magadza to run arts body

Staff reporter Staff reporter
07 Sep 2018

A former artistic director of the Perth Festival is returning to Western Australia to become executive director of the Chamber of Arts and Culture WA

Featured PhotographsView all

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
Sculpture By The Sea 2018
Sculpture By The Sea 2018

EnergyView all

Western Power

ERA orders lower Western Power costs

Matt Mckenzie Matt Mckenzie
21 Sep 2018

An overnight decision by the Economic Regulation Authority will put downward pressure on power prices, with network operator Western Power ordered to further tighten its belt in the next four years.

Committee for Economic Development of Australia

Softer notes on power competition

Matt Mckenzie Matt Mckenzie
20 Sep 2018

The state government appears to be continuing to back away from plans to introduce increased competition in electricity retailing, with Economics and Industry Committee chair Jessica Shaw saying she’d like to see more evidence it would reduce prices.

Synergy

Falling revenue pressure for Synergy

Matt Mckenzie Matt Mckenzie
20 Sep 2018

Electricity retailer Synergy hit an after-tax profit of $24.3 million in the year to June, an improvement of $36 million, aided by about $140 million of state government subsidies, while increased uptake of household solar continues to put pressure on revenue.

Protean Energy

Protean in $3m South Korean investment

Business News Business News
19 Sep 2018

A half-owned subsidiary of Perth-based Protean Energy has received a $3 million investment from the South Korean government for a $9.7 million vanadium battery project.

Chevron

Chevron to browse Clio, Acme options for backfill

Matt Mckenzie Matt Mckenzie
14 Sep 2018

Chevron’s Clio and Acme gas fields could provide backfill supply for an existing LNG plant, most likely North West Shelf Venture’s Karratha facility, under a plan to be unveiled by the company’s Australian managing director Nigel Hearne this afternoon.

"Mark My Words" PodcastsView all

21 September 2018

In this podcast Mark Pownall talks to Kristen Turnbull from CoreData about her specialist subject of market research, most notably the impact of the current Royal Commission on banks and financial services businesses.

21 September 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss government contractor failures, house prices, population growth, LNG revival, Austal, performance share winners, and our special report on tourism.

14 September 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss Startups, Metronet, Perth Airport, Volt Power, Kreepy Krauly, and BN's special report on gold miners

07 September 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss the opening of WA’s 7th lithium mine, Perth house prices, a cyber security business backed by John Poynton and ECU, Tourism WA, skills shortages, WA Ballet's Dracula, two notable arts appointments and our special report on fashion – with Jessica Gomes, and WA designers discuss the export market.

31 August 2018

Podcast: Mark Beyer and Mark Pownall discuss Northern Star Resources, Terry Agnew, legal issues, RCR Tomlinson, GovNext and our special report on professional services focuses on accountants.

Food & WineView all

Frankland Estate

WA wineries taste more success

Tayler Neale Tayler Neale
21 Sep 2018

Western Australian wineries have continued their recent run of success, with Howard Park’s Janice McDonald crowned the Gourmet Traveller winemaker of the year and Frankland Estate's Judi Cullam claiming the Len Evans award last night.

Bajaj games-out growing his dominion

Matt Mckenzie Matt Mckenzie
14 Sep 2018

Saran Bajaj is combining his love of arcade games with staple bar offerings of cocktails and pizza at his new venue, Palace Arcade.

Lamont Winery

Lamont in for Langoulant at Committee for Perth

Delia Price Delia Price
11 Sep 2018

John Langoulant will retire as chair of advocacy group Committee for Perth in November, to be replaced by businesswoman Kate Lamont.

Janssen consolidates success

Cassandra Charlick
06 Sep 2018

Two-time 40under40 winner Anthony Janssen is no stranger to the bumpy ride that accompanies entrepreneurship.

Voyager Estate

Voyager targets tourists with provenance push

Cassandra Charlick
29 Aug 2018

Dining accolades, tourism successes, exploratory wines and a new venture in the pipeline – it’s a big year for Voyager Estate, which is celebrating its 40th anniversary.

Special ReportsView all

Tourism 2018

Tourism 2018

25 September 2018

Sector confronts multiple challenges.

Government sells WA to the world

Government sells WA to the world

Peter Kermode, Matt Mckenzie 25 Sep 2018
Room choice here to stay

Room choice here to stay

Peter Kermode 25 Sep 2018
Private builds for foreign students

Private builds for foreign students

Peter Kermode, Matt Mckenzie 25 Sep 2018
Walk tours an experience, not a destination

Walk tours an experience, not a destination

Peter Kermode 25 Sep 2018
Gold miners 2018

Gold miners 2018

17 September 2018

Mixed results for gold miners as output hits 6.6m oz

Mixed results for gold miners as output hits 6.6m oz

Tayler Neale 17 Sep 2018
Miners consolidate holdings

Miners consolidate holdings

Tayler Neale 17 Sep 2018
Juniors get down to business

Juniors get down to business

Tayler Neale 17 Sep 2018
Fashion 2018

Fashion 2018

10 September 2018

Local fashion players look at overseas markets.

Designers plan global assault

Designers plan global assault

Matt Mckenzie 10 Sep 2018
Jessica Gomes grows to Asia

Jessica Gomes grows to Asia

Matt Mckenzie 10 Sep 2018
Professional Services 2018

Professional Services 2018

03 September 2018

Seven-page special report on accounting sector.

PKF, Hall Chadwick reposition in WA

PKF, Hall Chadwick reposition in WA

Mark Beyer 03 Sep 2018
Mixed results on gender equity

Mixed results on gender equity

Mark Beyer 03 Sep 2018
Shifting local alliances

Shifting local alliances

Mark Beyer 03 Sep 2018
Power and Energy 2018

Power and Energy 2018

27 August 2018

$3 billion of projects hit by uncertainty.

$3bn of projects amid market flux

$3bn of projects amid market flux

Matt Mckenzie 27 Aug 2018
Changes on horizon for Pilbara

Changes on horizon for Pilbara

Matt Mckenzie 27 Aug 2018
Waste-to-energy investment tops $870m

Waste-to-energy investment tops $870m

Matt Mckenzie 27 Aug 2018

MiningView all

Black Rock Mining

Black Rock signs graphite agreement

Business News Business News
25 Sep 2018

Black Rock Mining has signed a strategic agreement with a Chinese machinery company to supply plant equipment and source up to $US40 million ($55 million) for the graphite explorer’s Mahenge project in Tanzania.

Blackham Resources

Blackham in $23m deal

Business News Business News
25 Sep 2018

Gold producer Blackham Resources has announced a $23 million funding deal with New York-based fund manager The Lind Partners to repay lender Orion and finalise an expansion study for the Wiluna project.

South32

Executives perform for $38.7m share

Matt Mckenzie Matt Mckenzie
25 Sep 2018

Twenty local executives acquired $38 million of shares at no cost over the past 3 months, research by Business News has found.

AustSino Resources Group

$100m for Oakajee, Sundance projects

Tayler Neale Tayler Neale
25 Sep 2018

A private Chinese company is planning to invest $100 million in two major iron ore projects that have been dormant for the best part of a decade - the Oakajee port in WA's Mid West and Sundance Resources' Mbalam Nabeba mine in Cameroon.

RNC Minerals

WA prospector finds $110k gold nugget

AAP AAP
Business News Business News
21 Sep 2018

A massive gold nugget worth at least $110,000 has been uncovered by a prospector in the northern Goldfields, weeks after Canadian gold miner RNC Minerals made an even bigger discovery near Kambalda.

OpinionView all

Mark my words podcast

Mark Pownall Mark Pownall
Mark Beyer Mark Beyer
21 Sep 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss government contractor failures, house prices, population growth, LNG revival, Austal, performance share winners, and our special report on tourism.

Wentworth to influence WA Libs

Peter Kennedy Peter Kennedy
21 Sep 2018

Opinion: While the issue of gender quotas has been a winner for Labor, it remains a divisive topic within Liberal ranks, as the recent pre-selection for the Wentworth by-election indicates.

Envy card a losing hand

Mark Pownall Mark Pownall
20 Sep 2018

Opinion: The improvement in quality of life and opportunity for all but a few over recent decades shows the true progress towards a more inclusive society.

Mark my words podcast

Mark Beyer Mark Beyer
Mark Pownall Mark Pownall
14 Sep 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss Startups, Metronet, Perth Airport, Volt Power, Kreepy Krauly, and BN's special report on gold miners

Don’t delay, make your move

Jeffrey Gitomer Jeffrey Gitomer
14 Sep 2018

Opinion: Making the step from a trade show to a sale requires pre-planning, and speed is of the essence.

RetailView all

Chamber of Commerce and Industry of WA

Govt cuts back Christmas trading hours

Tayler Neale Tayler Neale
21 Sep 2018

The Chamber of Commerce and Industry of WA has lashed the state government’s decision today to reduce extended Christmas trading hours as applied last year.

Woolworths

Coles, Woolworths announce milk levy

AAP AAP
20 Sep 2018

Customers will pay more for home-branded milk at Coles and Woolworths stores with the levy to be passed on to dairy farmers gripped by drought.

Kathmandu rewards staff after sales surge

AAP AAP
18 Sep 2018

Kathmandu is rewarding staff after the outdoor equipment retailer's full-year profit surged almost a third to $NZ50.5 million ($46.3 million) thanks to a big jump in Australian sales.

Myer

Myer CEO buys up as shares surge

AAP AAP
13 Sep 2018

Myer chief executive John King has increased his stake in the beleaguered retailer, purchasing 100,000 shares a day after it posted a full-year net loss of $486 million.

Myer

Myer shares fall after $486m FY loss

AAP AAP
12 Sep 2018

Shares in department store Myer have fallen to a two-month low after the embattled retailer reported a full-year net loss of $486 million.

Bulls N' BearsView all

Bulls N' Bears
Lithium Australia

Lithium Australia eyes new jurisdictions for pilot plant

Matt Birney Matt Birney
25 Sep 2018

Location and scale are two areas that Lithium Australia is studying for its planned, large-scale lithium processing pilot plant to reduce capital requirements and optimise the technical and financial benefits. The company said that with changes to the Australian Federal Government’s R&D rebate scheme, it would locate its pilot plant in a jurisdiction that will provide the greatest practical benefits.

Artemis Resources

Artemis hits multiple minerals at depth in Pilbara

Matt Birney Matt Birney
25 Sep 2018

Artemis Resources’ drill campaign at Carlow Castle has uncovered the potential for more mineralisation at depth with a notable intersection of 25m @ 3.38g/t gold, 0.24% cobalt and 0.77% copper from 228m including 5m @ 9.62g/t gold, 0.65% cobalt and 0.79% copper. Further extensional and infill drilling is planned to target further strike extensions and define the major controlling structures.

Galena Mining

Galena adds $134m in value at Abra

Matt Birney Matt Birney
25 Sep 2018

Galena Mining has reported some outstanding results for its Abra lead/silver project PFS, showing an initial 14 year mine life and a pre-tax NPV of A$528m, $134m more than previously thought. Galena says Abra will churn out an impressive A$97m worth of free cash annually after 2022. The company also reported a maiden ore reserve of 10.2 million tonnes grading 8.1% lead and 20g/t silver this week.

Azumah Resources

Azumah scrubs up Ghanaian gold show

Matt Birney Matt Birney
25 Sep 2018

Azumah Resources has reported that a review of the cost structure at the company’s Wa gold project in Ghana shows lower capital and operating costs compared to its 2015 feasibility study. The work shows higher plant throughput could be achieved, potentially positioning the project for future development. Recent exploration activity has defined a number of new drilling opportunities at Wa East, which has seen little or no historical work.

TNG Limited

Indians to plough $10m into TNG

Matt Birney Matt Birney
25 Sep 2018

ASX-listed vanadium player TNG Limited has taken another step towards development of its vanadium-titanium-iron project in the Northern Territory, securing a $10 million strategic investment deal with a leading Indian mining conglomerate. TNG sees the deal with Vimson, a family-owned Indian resources company, as another milestone on its move towards making its flagship 100 percent-owned Mount Peake Project a reality.

Most viewed companies

All Earth

All Earth

Ranked 62nd from 82
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iCetana

Ranked 137th from 142
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Tribune Resources

Tribune Resources

Ranked 18th from 30
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AustSino Resources Group

AustSino Resources Group

Ranked 351st from 501
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Galati Group

Ranked 10th from 46
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Most viewed people

Chris Farquhar

Chris Farquhar

Former Chief Executive, iCetana
Former System Analyst, BHP Billiton
Former Research Scientist (HIsmelt Corporation), Rio Tinto

Scott Fleay

Scott Fleay

Former Managing Director, Greenwich &
Co

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
Executive Chair, Sapien Cyber

Terence Clee

Terence Clee

Executive Director (since 2017), (Non-Executive Director 2015-2017), Victory Mines
Executive Director (Executive Chair since April 2018), Hardey Resources
Non-Executive Director, JV Global

Tim Andrew

Tim Andrew

Board Member, Swimming WA
Co-Founder, Director, View Street Partners

Thought LeadershipView all

City of Joondalup

Driving tourism dollars to your destination

Garry Hunt Garry Hunt
18 Sep 2018

It’s been more than 20 years since Bill Gates declared “content is king”, and much has changed in the social and global market since then.

A Father’s Day Special – Mental Health, Don’t Simply Bear It!

Catherine James Catherine James
30 Aug 2018

According to the Australian Bureau of Statistics, men are three times more likely to commit suicide than women, with suicide one of the highest causes of death for men under the age of 35…but why?

City of Joondalup

Cyber Villains and Heroes: the quest for a cyber-secure future.

Garry Hunt Garry Hunt
06 Aug 2018

The Cyber Security Review, led by the Department of the Prime Minister and Cabinet, found that cybercrime costs the Australian economy up to $1 billion annually. According to the U.S.

No point going back to the future, we’re in it!

Annika Oborne Annika Oborne
02 Aug 2018

Do you use Siri on your iPhone? Own a smart vehicle? Used the on-line pop-up helper on the ATO or a similar website?

Breaking into the global marketplace

James Cook University James Cook University
18 Jun 2018

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.