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

Corporate Finance DealsView all

Dacian scales back raising as gold price falls

Dacian Gold has again reduced the size of its $50 million placement and put its $100 million entitlement offer on ice, in the wake of the falling gold price which hit a 10-month low overnight.

Pioneer signs $100m facility

Perth-based financial services provider Pioneer Credit has signed a $100 million debt facility with Bankwest and Westpac as it seeks to continue growing its debt portfolio.

NRW bids for Hughes operations

Civil and mining contractor NRW Holdings has announced plans to buy the east coast operations of failed mining services company Hughes Drilling, with the acquisition price undisclosed.

Western Areas signs offtake deal with Nickel West

Western Areas has locked in its second nickel offtake agreement in as many days, announcing today a deal with BHP Billiton subsidiary Nickel West for product from its Forrestania nickel mine.

Dacian taps investors for $150m

Aspiring miner Dacian Gold has launched a $150 million capital raising to fund a big portion of the development costs for its Mt Morgans gold project near Laverton, which is expected to begin operating by 2018.

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.

Centurion buys McAleese haulage fleet

The transport and logistics subsidiary of Perth-based, family-owned CFC Group has acquired McAleese Group's entire heavy haulage fleet for an undisclosed sum.

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.

Leadership dilemma for Liberals

Colin Barnett may be the government's best performer in parliament, but his standing in voters' eyes is fuelling talk of a challenge.

Politics & the EconomyView all

State to close NDIS deal with fed govt

The federal government is on the brink of striking a deal with Western Australia to let the state run the National Disability Insurance Scheme locally.

WA women earning $43,000 less than men

Western Australian women have gone backwards in terms of the gender pay gap, with full-time workers earning on average 30.9 per cent - or $43,000 a year - less than men.

Barnett calls for change to penalty rates

Colin Barnett says he would like to see penalty rates cut for casual small business employees on Sundays and public holidays, but lift the base rate for standard hours.

Western Power float to raise $3bn

The Barnett government is hoping to raise $3 billion by selling 51 per cent of Western Power to Australian investors, and will also use the privatisation deal to remove about $8 billion of debt off the state's books.

New co-working space for Karratha

The state government has allocated $2 million for a new co-working space in Karratha to promote small business and startups in the area.

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Hyatt Regency Perth - 07 December 2016
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PropertyView all

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.

Perth housing market sits in the red alone

Perth is now the only capital to record a year-on-year fall in house prices, and was the weakest-performing city in the three months to November, according to new data.

Building industry lauds return of regulator

Unions have been put on notice with the revival of the Australian Building and Construction Commission, as the building sector celebrates the what it says is the return of law to the industry.

Moody's warns of more house price falls

A new gloomy forecast has emerged for Perth house prices, with global economic research firm Moody's predicting further declines in 2017.

Collier Homes a natural fit for Amara

Experienced Perth business executive Dario Amaria has spoken to Business News about his plans to revive one of Western Australia's oldest building companies. 

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

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.

Perron family lends name to institute

The state's oldest medical research institute will change its name in recognition of the philanthropic contribution by one of the state's most prominent families over many years.

Giving circle grants $230,000 to WA charities

Collective giving circle Impact100 WA has injected $230,000 worth of shared donations into the state's not-for-profit sector this month.

EnergyView all

TTE recruits former LNG boss

Perth-based oil and gas explorer TTE Petroleum has recruited former Liquefied Natural Gas boss Maurice Brand as part of a board restructure that includes the resignation of current chair Darren Levy and the movement of chief executive Paul Garner to a non-executive role.

Kalbarri to get renewable energy microgrid

A $10 million renewable energy-powered microgrid, which has the potential to become Australia's largest, has been given the green light for development in Kalbarri.

Distance cuts both ways for WA gas

ANALYSIS: Vienna is a long way from Perth, but what might happen there on November 30 could have a profound effect on the Western Australian economy.

Deloitte recruits Perth oil and gas leader

Professional services firm Deloitte has snared its second senior recruit from Accenture's Perth office, hiring Bernadette Cullinane as its national oil and gas practice leader.

AGL to enter WA gas market

AGL Energy is set to take on Alinta Energy and Wesfarmers' subsidiary Kleenheat in Western Australia's retail gas market, with the company targeting 100,000 customers within two years.

"Mark My Words" PodcastsView all

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.

11 November 2016

In this Business News podcast, Mark Pownall and Dan Wilkie discuss Donald Trump from a WA perspective, Gold Road, PDC BIM, Laurance Wines, Fremantle developments and junior miners.

04 November 2016

In this Business News podcast, Mark Pownall, Mark Beyer and Dan Wilkie discuss innovation strategy, Wheatstone, Pilbara mining, Sam Walsh and commercial property.

Food & WineView all

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.

New beer bar to fill northern suburbs gap

Beerland Brewing is responding to a perceived shortage of craft beer in Perth's northern suburbs, building a new venue to anchor a hospitality precinct at the redeveloped Westfield Whitford City.

Entertaining backyard business

A couple of Perth micro businesses offer up some entertainment options for summer.

US investor spends $20m on Laurance Wines

One of Australia's best known winemaking families, the Oatley Wine Group, will open a cellar door in the Margaret River region, part of what's believed to be the largest value sale ever for a winery in Western Australia.

Special ReportsView all

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
Arts & Culture

Arts & Culture

31 October 2016

Western Australia's arts sector performs in tough funding environment.

Reinterpreting the funding culture
Cultural connections, artistic exchanges
Innovation to ensure culture counts

MiningView all

Iluka blows $6m on failed titanium venture

Mineral sands minder Iluka Resources says it has agreed with joint venture partner Vale to end plans to develop a titanium project in Brazil after deeming it unfeasible.

Paladin seeks help as debt deadline approaches

Debt-troubled Paladin Energy has started discussions with some of its stakeholders and convertible bond holders about the looming deadline for a $US212 million repayment, as a cloud hovers over the company's planned sale of a stake in its Langer Heinrich uranium mine to meet those repayments.

Crawford, Rezos stir proxy debate

The chairmen of Perth companies South32 and Alexium International Group have singled out global firm Institutional Shareholder Services for criticism amid ongoing debate over the role of proxy advisers.

Impairment reversal helps Global Advanced Metals

Privately held tantalum miner Global Advanced Metals has reported a $6.3 million net profit for the year to June 2016, up from a $72.2 million loss in the previous 12 months, while its two Western Australian mine sites remained under care and maintenance.

Fortescue names vessels after family

Fortescue Metals Group has recognised the family of chairman Andrew Forrest by naming four new very large ore carrier (VLOC) vessels after his wife and children.

OpinionView all

Mark my words podcast

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

Trump cuts have local appeal

The incoming Trump administration in the US has the potential to dramatically change the global economy and financial markets. ?

Is VR coming to Christmas at your place?

VR consumers will have their hands full this Christmas, with a raft of new products on the store shelves.

The devil is in the detail

At last, after months of chewing it over, the state government has announced a plan to divest Western Power.

Victims of their own success

For evidence that success can sometimes damage a business we need look no further than the political games playing out ahead of next year's state election, with the very real chance Western Australia's biggest iron ore miners will be hit by a $5 per tonne penalty tax because they're too successful.

RetailView all

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.

Big W boss quits after 10 months

Woolworths shares have slipped after it announced retail expert Sally Macdonald's resignation as Big W chief executive after less than a year in the job.

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Thomas Stianos

Thomas Stianos

Non-Executive Director, Empired

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Technical Director, Rumble Resources

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Matthew Smith

Chief Financial Officer, Kingsrose Mining
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Maureen Peterson

Maureen Peterson

Non-Executive Director, Grandbridge

Scott Steinkrug

Scott Steinkrug

Chief Financial Officer, Independence Group
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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