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

Corporate Finance DealsView all

MMJ to list Canadian subsidiaries

MMJ Phytotech has announced plans to spin-out its medical cannabis-focused Canadian subsidiaries onto the TSX Venture Exchange through the reverse takeover of a resources company.

Metaliko and Echo in tie-up

Echo Resources and Metaliko Resources are expected to announce a tie-up this week, after the two ASX-listed companies with assets in the eastern Goldfields region announced trading halts today.

VEEM prospectus reveals slip in profit

Engineering business VEEM is forecasting strong growth in revenue in the current financial year but a fall in profit, the family owned company has disclosed in the prospectus for its $25 million initial public offering.

Crusader in $10m raising for gold projects

Perth-based Crusader Resources has announced a $10 million capital raising to fund ongoing work at its Juruena gold project in Brazil.

Resolute raises $150m for Ravenswood

Gold miner Resolute Mining has tapped investors for $150 million to fund the restart of operations at its Ravenswood mine in Queensland.

Most CommentedView all

BHP renews attack on Nationals

BHP Billiton's top Australian executive has stepped up the company's criticism of the WA Nationals' planned iron ore tax hike, two days after an opinion poll found high support for the proposal.

Perth CBD needs a new plan

The state government has spent $3.5 billion over the past decade in the CBD and the Swan River foreshore, generating an expected $8.2 billion worth of spending by the private sector, but making all the pieces work together remains a significant challenge.

Builders fined for fraud, unfinished work

Two Perth-based builders have been denied registration and another has been fined, in a busy week for Western Australia's Building Commission.

MinRes, Pilbara Minerals dispute escalates

Mineral Resources and Pilbara Minerals continue to lock horns over an offtake agreement for lithium mined at the Pilgangoora project, with the companies exchanging words over the ASX today.

Death by numbers, do we need a census?

Perhaps it is time to reconsider why we need to survey the nation every five years. 

Politics & the EconomyView all

Backpacker tax reduced, travel fees to rise

Western Australia's hospitality and agricultural industries have welcomed the federal government's decision to amend its planned backpacker tax, but the tourism body says it will cost the state jobs nevertheless.

Australia set for years of low rates: economist

Australia's interest rates are likely to stay low for years, perhaps even decades, a top global economist warns.

Porter opens conversation on data-driven welfare

Two reports last week took quite different approaches to welfare reform, but both were a move away from the approach undertaken in the 2014 budget.

State's debt, deficit better than anticipated

The state's budget position for the 2016 financial year has come in nearly $700 million better than was initially forecast when it was released in May last year, but still in the red to the tune of $2 billion, with revenue $915 million down on the previous year.

Marmion takes transport in reshuffle

Bill Marmion will pick up the transport portfolio in a minor cabinet reshuffle that also includes the introduction of two new ministers; Paul Miles and Mark Lewis.

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Hyatt Regency Perth - 07 December 2016
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PropertyView all

Large number of Perth homes sold at a loss

About one in five homes resold in Perth are done so at a loss, new data has revealed, with the city's western suburbs among the hardest hit.

Uniqlo on its way to Perth CBD

Japanese fashion retailer Uniqlo will open its first Western Australian store in Perth's Murray Street Mall, with a flagship two-level shop anchoring a $6 million redevelopment of Plaza Arcade.

Landlords look at upgrades to lure new tenants

CBD landlords are continuing to invest in their assets to ensure they remain relevant in an increasingly competitive office market.

Slow sales squeeze small developers

There are glimmers of hope emerging for beleaguered apartment developers, despite slugglish sales across Perth.

Selective focus, apartments projects drive Momentum

Buyers' agency and developer Momentum Wealth has braved Perth's patchy apartments market with a new syndicate, raising $6.5 million from investors for a 40-dwelling project in Highgate.

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

Top Lion hears positive message on Perth foundation

Perth has hosted the head of Lions International for the first time in four decades, with US-based Bob Corlew in town this month to see first-hand the impact of the Lions Foundation of Western Aust

Giving voice to topical issues

In the age of social media, led by a generation of digital communicators, it may seem remarkable a tradition dating back millennia has not only survived, but is thriving.

Nerves, dreams, desires...

PHOTO ESSAY: A month before the Telstra Perth Fashion Festival, more than 150 models fronted an industry panel in the hope of being selected to walk the runway in one of the fashion parades during the six-day event. 

Designers hatch plans for local, overseas growth

SPECIAL REPORT: Slower growth in discretionary spending is a challenge for some local fashion hopefuls, but export markets and tech-style accelerator programs are presenting opportunities.

Staff health a strategic move

Western Australia workplaces are taking a big-picture view of employee wellbeing, implementing programs to target mental, social, financial and physical health.

EnergyView all

Carnegie in Garden Island microgrid grant

Perth-based renewable energy technology developer Carnegie Wave Energy has won a $2.5 million grant from the Australian Renewable Energy Agency for a wave and solar power microgrid it aims to develop on Garden Island.

AGL announces buy-back, earnings lift

AGL Energy has forecast a lift in underlying profit for the current financial year while also announcing a near $600 million share buy-back and a higher dividend payout as it benefits from strong electricity margins.

Citation enters voluntary administration

Citation Resources has appointed KordaMentha as voluntary administrators, while the oil and gas company continues to pursue recovery of funds through a civil action against former director Peter Landau.

L'Estrange moves forward on fracking

The state government has acted on a key recommendation from a parliamentary inquiry into fracking delivered late last year, appointing a working group to review laws around land access.

Vanadium battery a WA first

Listed minerals group Australian Vanadium has installed its battery system in Western Australia via a subsidiary acting as a reseller of technology linked to its parent, in this case an alternative

"Mark My Words" PodcastsView all

23 September 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss state politics, lithium developments, financial failures and our special report brewing.

22 September 2016

PODCAST: Business News chief executive Charlie Gunningham discusses the local tech startup scene with the director and co-founder of local venture capital firm Yuuwa Capital Matt Macfarlane and the founder of the Spacecubed and Flux coworking spaces Brodie McCulloch.

16 September 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss newspapers merger, law firms growth, tourism down south and what’s happening in the gold sector.

09 September 2016

In this Business News podcast Mark Pownall and Dan Wilkie discuss property planning, builders fraud, Fastbrick Robotics and fashion.

05 September 2016

Every Monday Mark Pownall joins Jane Marwick in the 720 Perth Drive studio for an in depth look at two local businesses.

Food & WineView all

Little Dove win a gauge of local craft brewers’ art

SPECIAL REPORT: Western Australian breweries' continued success is building on a rich brewing pedigree.

Carrying the can for craft beer

SPECIAL REPORT: There's a definite case of old school meets new school going on in the boutique brewing set, with aluminium cans increasingly the container of choice among the craft beer crowd.

Brewers, bars team up to grow craft consumption

SPECIAL REPORT: WA brewers are finding that it's better for the industry if they work together.

Watchdog takes Pastacup franchisor to court

The competition regulator has initiated Federal Court proceedings against Perth-based franchise chain Pastacup and its co-founder Stuart Bernstein for alleged breaches of the Franchising Code of Conduct.

WA venues top national awards

Two Western Australian businesses and a WA venue manager have won major titles at the Australian Hotels Association national awards for excellence, announced at the Royal Pines Resort on the Gold Coast last night. 

Special ReportsView all

Something brewing

Something brewing

23 September 2016

Western Australian brewers work together to build on rich beer pedigree

Brewers, bars team up to grow craft consumption
Carrying the can for craft beer
Little Dove win a gauge of local craft brewers’ art
On the runway

On the runway

12 September 2016

US market draws WA designers as local dynamics shift

Designers hatch plans for local, overseas growth
Well at Work 2016

Well at Work 2016

08 September 2016

Business News' annual health check on WA workplaces

Identifying workplace safety risks
Caught short on workplace wellness
Staff health a strategic move
Buyers' choice

Buyers' choice

29 August 2016

Retail emerges as the standout performer in property.

The future, coming to a mall near you
Neighbourhood centres the place to be

MiningView all

Iron ore survivors plan reset

A couple of smaller miners that rode out the slide in iron ore prices could be the early movers in a more widespread revival in the sector.

Gold sector keeps Barminco profits up

Perth-based private mining contractor Barminco has posted a 30.7 per cent rise in operating profit for the 2016 financial year, with the company optimistic about prospects in the gold sector for the year ahead.

Probes draw curtain on ‘locked’ gold

A team of researchers in WA are leading an emerging geoscience field that could influence the future of gold recovery.

Lithium projects to deliver $1bn boost

Lithium projects in Western Australia are set to inject almost $1 billion of new investment into the state's economy as the past year's surge in commodity prices and stock valuations turn into tangible commercial benefits.

Lilleyman joins FMG as Pearce resigns

Fortescue Metals Group has started the search for a new chief financial officer after Stephen Pearce handed in his resignation to pursue an international role, on the same day the iron ore giant announced the appointment of a new director of operations.

OpinionView all

Gaming the system might be the best bet

Disruption is affecting the GST allocation model, so when will that change?

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss state politics, lithium developments, financial failures and our special report brewing.

Liberals facing election traps

Uncertainty about the direction of the government and its leadership is likely to persist despite the premier's win last week.

This week's property round-up

Reiwa members reported an increase in weekly sales to 554 this week.

Fintech changing the game for banks

Fintech is disruption in action, and how we think about finance and undertake transactions will never be the same.

RetailView all

JB Hi-Fi up on Good Guys buy

JB Hi-Fi shares have soared after returning to trade for the first time since the electronics retailer announced an $870 million takeover of The Good Guys.

Myer is a stronger business, CEO says

Department store chain Myer has shown signs its turnaround plan is working after it more than doubled its full-year profit to $60.5 million.

Wesfarmers fighting on two fronts with Homebase in far-flung Britain

ANALYSIS: No-one knows how long it might take for Wesfarmers' foreign foray to bear fruit, and at what cost.

JB Hi-Fi downplays takeover speculation

JB Hi-Fi has responded to renewed media speculation by saying that it is continuing acquisition discussions with whitegoods retailer The Good Guys but nothing has been finalised.

Woolies cuts ties with Masters board

Woolworths has pressed on with cutting ties with Masters by replacing its directors on the failed hardware chain's board with staff from insolvency firm KordaMentha.

Most viewed people

Peter Landau

Peter Landau

Former Interim Executive Director, Continental Coal
Former Executive Director, Black Mountain Resources
Former Executive Chairman, AusRoc Metals
Former Non-Executive Director, Range Resources
Former Non-Executive Director, Continental Coal
Former Director, Cape Lambert Resources
Former Non-Executive Director, Blaze International
Former non-executive director, Poseidon Nickel
Former Director &
Company Secretary, Indus Energy
Former Non-Executive Chairman, Paynes Find Gold
Former Non-Executive Director, Eclipse Metals
Former Executive Director &
Joint Company Secretary, NKWE Platinum
Former Chairman, Citation Resources

Greg Lilleyman

Greg Lilleyman

Director Operations, Fortescue Metals Group

Karl Paganin

Karl Paganin

Deputy Chairperson, Autism West
Non-Executive Director, Southern Cross Electrical Engineering
Non-Executive Director, OTOC

Thought LeadershipView all

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

Are your wages on the nose? You can cut wages to spite your face

In this current economic climate, many small businesses find themselves faced with the prospect of cutting wages costs. Gone are the 'boom' years when the main concern was finding the

Practical Engineering - Getting the hands dirty again and training for the future.

With the future of manufacturing, construction, innovation and development in Australia over the next 20 years of vital importance to the resource sector, it's time to reset and rethink how we plan

Learning and Development on a Budget

Your budget for the next year is set and one of the casualties is learning and development; meanwhile your employees are asking what training is available in the coming year. Bel

How can remuneration benchmarking impact your bottom line?

The changing Australian economy has resulted in a greater focus on operating costs for many businesses. Employees are often an organisation's greatest resource, and typically they also represent t