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

Corporate Finance DealsView all

Migme flags major review

Loss-making digital media company migme has flagged a wide-ranging review encompassing its board, management and capital strategy after announcing the terms of a new convertible note issue.

NRW reveals Hughes price, Allegro completes JSW buy

NRW Holdings has revealed the price it has paid for the east coast operations of failed company Hughes Drilling, on the same day private equity fund manager Allegro formally acquired Hughes' Perth-based subsidiary JSW Australia for an undisclosed sum.

ASG shareholders back $350m takeover

Perth-based IT services firm ASG Group is set to be acquired by a Japanese business in a $349 million deal, after shareholders voted in favour of the takeover today.

WA assets in Santos spin-off

Four Western Australian projects will be included in a planned spin-off from energy player Santos in a bid to increase cash flow and cut debt, including facilities at Thevenard and Barrow islands.

Transerv blindsided by Origin's spin-out plans

Shares in oil and gas explorer Transerv Energy tumbled today as managing director Stephen Keenihan announced his resignation in the wake of news yesterday that the company's proposal to acquire assets owned by Origin Energy had been terminated.

Most CommentedView all

Stepping back into an uncertain future

Governments of all hues have failed to address the yawning gap between the ruling class and the less privileged.

Amara breathes life into Collier Homes

Long-running homebuilding brand Collier Homes will continue to operate in Western Australia, after the business was sold to local entrepreneur Dario Amara.

Power muscles against mining tax

A proposal to roughly double the royalties paid by the state's two biggest iron ore miners was divisive and could set a dangerous precedent for fixing budget issues, Fortescue Metals Group chief executive Nev Power told this morning's Business News Success & Leadership breakfast.

Appeal rejected on South Perth tower

A South Perth resident group claims a Court of Appeals decision to uphold the quashing of a development approval on Mill Point Road confirms the original intent of the suburb's town planning scheme, but the developer behind the proposal says the judgement only highlights problems with development guidelines in the area.

WACA asks state govt for $175m

The WACA has revealed the nine-figure number it has asked the state government to contribute for a proposed $207 million redevelopment of the East Perth cricket ground.

Politics & the EconomyView all

ATO releases major private company data for second year

The financial affairs of numerous previously low-key unlisted or foreign-owned companies headquartered in Western Australia have been released by the Australian Taxation Office for the second year running.

Local contractors to tout defence capability

Mark Potter will be one of around 100 Western Australian industry representatives ready to tout the state's defence contracting capability at a forum with the federal government's new Centre for Defence Industry Capability this morning.

McGowan's plan not credible: Nahan

Treasurer Mike Nahan has labelled opposition leader Mark McGowan's plan to slash senior executive positions and bring in new key performance indicators as 'not credible'.

US envoy promotes northern potential

The acting United States Ambassador to Australia, James Carouso, says there is enormous scope for increased American investment in northern Australia, including in the Broome and Ord River regions.

Mischin to speak at defence conference

Commerce Minister Michael Mischin will today encourage local defence contractors to apply for a state government industry assistance program to fund productivity enhancements, speaking at the Chamber of Commerce and Industry WA defence conference.

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PropertyView all

Fastbrick attracts investor for $8m raising

Fastbrick Robotics has locked in a new cornerstone investor through an $8 million capital raising, as it progresses its robotic bricklaying technology.

Construction starts on $90m Cirque apartments

Developer Stirling Capital and construction partner Jaxon have started work on a 19-level apartment project at Canning Bridge that has set new standards for environmental management.

Growing houses in Margaret River

A Margaret River-based entrepreneur is building a first for Western Australia - a house constructed out of hemp.

Land, location challenges for architects’ aged care builds

Aged care and retirement living projects are replacing office buildings and apartment complexes on the drawing boards of architecture firms across Western Australia, as increasing demand for beds stokes intense competition among providers.

LandCorp launches Nambeelup estate

LandCorp is seeking businesses to populate a new industrial estate in Nambeelup, a key plank of the state government's plan to create more than 33,000 jobs in the Peel region by 2050.

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

Gage crafts Fringe deal

Gage Roads Brewing Company will take to the Fringe World Festival stage in 2017 as the Perth event's new major brewery partner. 

RFDS named Australia’s most trusted charity

The Royal Flying Doctor Service has been ranked the most trusted charity of the nation's top 40 largest and most recognisable charities for the sixth consecutive year, according to the recently published 2016 Charitable Reputation Index.

Beyond the 50-tonne spider

The Arcadia music festival and its giant scrap metal spider landed at Elizabeth Quay last weekend and lit up Perth's dance scene, but there is more to the fire-breathing robot than meets the eye. 

Top eateries support Food Rescue

The inaugural Food Rescue Week begins in Perth tomorrow to promote the Food Rescue initiative, with the State Buildings, The Trustee and Lalla Rookh among the venues promoting the cause.

New home, structure for Screenwest

Job creation and increased investment in the local industry are among the hoped-for outcomes of Screenwest's move to new headquarters and planned change in corporate structure.

EnergyView all

DAP approval for $160m Cunderdin solar farm

A $160 million project to build a utility scale solar farm near Cunderdin has received Development Assessment Panel approval and could be producing at 100 megawatts in time for Christmas next year.

Chevron, AWE moves improving gas certainty

Certainty around the state's domestic gas supply received a boost today, with the Chevron-led Gorgon project delivering first domgas to Synergy and AWE taking the next step towards the development of stage two at the Waitsia gas field.

Chevron to spend $US2bn on Gorgon, Wheatstone

Energy giant Chevron has committed $US2 billion ($A2.7 billion) next year towards completing its Gorgon and Wheatstone projects in Western Australia.

Risks to excess gas supply

The state's domestic gas market is expected to have excess supply of 640 terajoules per day by 2021, according to the Australian Energy Market Operator, although a delay in commencement of production at the Wheatstone or Gorgon domestic gas facilities could lead to a tightening of the supply as early as next year.

Origin to spin-off upstream assets

Gas and power retailer Origin Energy has outlined a scaled-back version of its long-anticipated plan to split the company's major businesses.

"Mark My Words" PodcastsView all

09 December 2016

In this Business News podcast, Mark Beyer and Mark Pownall discuss Asian property investment, Diploma group’s battles, Liberal party moves, John Gillam and who are WA’s biggest employers?

07 December 2016

A proposal to roughly double the royalties paid by the state’s two biggest iron ore miners was divisive and could set a dangerous precedent for fixing budget issues, Fortescue Metals Group chief executive Nev Power told this morning’s Business News Success & Leadership breakfast.

02 December 2016

In this Business News podcast, Mark Beyer and Mark Pownall discuss Western Power sale, house prices, innovative homes and WA’s business dynasties. 

25 November 2016

In this Business News podcast, Mark Beyer and Mark Pownall discuss South Perth apartments, Centurion and MacAleese, defence, wealth creators in WA.

18 November 2016

In this Business News podcast, Mark Beyer and Dan Wilkie discuss Collier Homes, Rottnest Express, Sealanes, Diab Engineering, office leasing deals, and chief executive salaries.

Food & WineView all

Woolies win in ACCC supplier payments case

A federal court judge has cleared Woolworths of unlawfully seeking payments from suppliers to boost its bottom line, dismissing a case brought by the competition watchdog.

The Grand Cru experience, a top cellar

Mount Lawley liquor retailer Grand Cru Wine Shop has undergone an evolution since being established more than 42 years ago.

Hummus Club dips lid to crowd

The owners of a new Northbridge eatery have placed a big emphasis on connecting with the community, and used crowdfunding to provide one element of that relationship.

Foreign investment buoys Margaret River winemakers

More than a dozen WA winemakers have joined forces to tackle the growing Chinese market.

Pizza Hut buys Eagle Boys outlets

Pizza Hut has bought the troubled Eagle Boys pizza chain and begun converting stores with its own branding.

Special ReportsView all

WA dynasties 2016

WA dynasties 2016

05 December 2016

We look at long-running family businesses

Compu-stor moves with the times
Families seek opportunities with big partners
CEO salaries

CEO salaries

21 November 2016

Annual survey shows softening trend.

Coleman, Power vie for highest-paid title
Pay trimmed for new CEOs
NFP board pay divides sector
Office space

Office space

07 November 2016

Commercial developers improve existing stock as new opportunities dry up

No new projects but CBD’s still changing
Development scarce in the suburbs
Primewest up in office rankings

MiningView all

Super Pit suitors make history

A Chinese company's bid to buy a stake in the Kalgoorlie Super Pit would make it the latest international player to control WA's most famous gold mine.

Iluka to spend up to $290m in Sierra Leone

Mineral sands miner Iluka Resources could spend more than $290 million on ramping up production, streamlining operations and improving safety at Sierra Rutile after completing a merger with the Sierra Leone-based miner.

Mod's copper project to cost $US135m

Copper explorer MOD Resources has released a scoping study for an open-pit mine at its T3 project in Botswana, which has an estimated development cost of $US135 million ($A181.7 million).

Power muscles against mining tax

A proposal to roughly double the royalties paid by the state's two biggest iron ore miners was divisive and could set a dangerous precedent for fixing budget issues, Fortescue Metals Group chief executive Nev Power told this morning's Business News Success & Leadership breakfast.

Iluka revives $375m takeover

Mineral sands miner Iluka Resources has revived its $375 million takeover of Sierra Rutile, a week after the deal fell under a cloud due to geotechnical risks at the target's tailings dams.

OpinionView all

Mark my words podcast

In this Business News podcast, Mark Beyer and Mark Pownall discuss Asian property investment, Diploma group's battles, Liberal party moves, John Gillam and who are WA's biggest employers?

Standing out from the crowd

Getting a job is hard. Gone are the days where all that was needed was a pulse and the word 'manager' in a previous job title to secure a plethora of interviews.

Big nature comes calling up north

Man's interference in the marine environment presents challenges for our species, and those that live in it.

Barriers are opportunities

Don't view a knockback or similar hurdle as a reason to give up, but rather an added incentive to make the sale.

Trump two-faced for WA’s basket of exhaustibles

Kalgoorlie's gold and nickel sectors could benefit if Donald Trump follows through with some of his plans.

RetailView all

Bunnings boss steps down

Bunnings' long-serving chief executive John Gillam has announced he is stepping down from the role, but will continue to serve the business as an adviser.

Metcash hurt by intense competition

Food and grocery wholesaler Metcash's earnings have taken a hit from intense price competition and Aldi's expansion into South Australia and Western Australia.

Woolies reassures shareholders about Big W

Woolworths bosses have sought to reassure shareholders about the future of its struggling discount department chain, Big W, a week after its newly installed chief executive resigned.

Ancient organisms help create fabric of the future

A WA-based company could potentially shake up the $US96 billion global textile industry with a natural fibre originally sourced from wine.

AHG has tough start to year

Automotive Holdings Group has reassured shareholders that its troubled refrigerated logistics business is on the mend, after releasing a trading update that showed lower profits.

Most viewed people

Nick Di Latte

Nick Di Latte

Managing Director, Diploma Group
Company Secretary, Diploma Group

Piers Lewis

Piers Lewis

Non-Executive Director, Ardiden
Chief Financial Officer, Enterprise Metals
Non-Executive Director, Hawkley Oil &
Gas
Director, Voyager Global Group
Company Secretary, Ultima United
Company Secretary, Non-Executive Director, Cycliq

Cindy Lee

Cindy Lee

Former , MLG Realty

Cliff Lawrenson

Cliff Lawrenson

Non-Executive Chairman, Pacific Energy
Managing Director and Chief Executive, Avenira

Ian McCubbing

Ian McCubbing

Non-Executive Director, Swick Mining Services
Non-Executive Director, Avenira
Non-Executive Director, Kasbah Resources

Thought LeadershipView all

Saving Money with recruitment

The past 12 months has seen fulltime jobs decline by approximately 53,000, the first annual decline in almost two-and-a-half years.

Has the role of the Graduate died?

The fourth industrial revolution theory predicts entry level white collar jobs will be eradicated by technology.

Rise and rise of automation

Automation is our new reality. We have the capability, the investors and the need for innovation. Let's embrace it.

Are the days of overtime over?

Modern Awards can be confusing, from determining what award applies, to identifying how each job is classified in the award, and then what your people are entitled to... Overtime?

What is the digital bait to hook a top applicant?

It's common knowledge that often the best applicants are currently employed, however recent studies suggest that nine out of ten Australians are keen to know about a job opportunity regardless of h