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

Corporate Finance DealsView all

Paladin to keep main asset

The restructuring of Paladin Energy has taken a surprise turn after Chinese group CNNC Overseas Uranium Holdings advised it would not exercise an option to buy the Langer Heinrich uranium mine.

Top End’s long road to Myanmar

Local exploration company Top End Minerals, with the backing of prominent prospector Mark Creasy, has received shareholder approval to raise funds for the purchase of a zinc project in Myanmar and repay its creditors, as it deals with a number of issues left unresolved by its previous board.

Northern taps investors for more funds

Aspiring heavy rare earths miner Northern Minerals has raised $2.5 million from investors to fund ongoing development of its Browns Range project in the Kimberley.

Spitfire in tie-up with Aphrodite

Gold junior Spitfire Materials has entered into an agreement to merge with Victoria-based Aphrodite Gold in an all-scrip deal that values the target at about $32 million.

NRW buys east coast business for $85m

Perth-based NRW Holdings has announced plans to acquire east coast contractor Golding Group for an enterprise value of $85 million.

Most CommentedView all

Perth tech pioneer passes away

Conrad Crisafulli, who was one of the pioneers of venture capital investing and technology commercialisation in Western Australia, has died after a long illness.

Woodside to spend $400m on Fifo camp

Woodside Petroleum is hoping to win state government backing for a new 700-bed fly-in, fly-out camp at Karratha, after selecting a consortium led by Multiplex and Compass Group to build, own and operate the facility.

Residential builds to be blocked under Port Hedland dust plan

About a third of the town of Port Hedland should be blocked from any new residential developments, the state government's dust management taskforce has recommended.

Western Force axed from Super Rugby

The Western Force is set to take the Australian Rugby Union to court after being axed from the Super Rugby competition.

Radium’s capital R&D funds plan

Companies investing in research and development have access to an increasingly competitive new source of finance.

Politics & the EconomyView all

State may sue ARU over Force axing

The Western Australian government is considering suing the Australian Rugby Union for more than $100 million over the decision to axe the Western Force, threatening to bankrupt the body.

Abbott heads west to become teacher's aide

Tony Abbott will be spending the week far from the dramas of parliament, as a teacher's aide in the Kimberley.

WA unemployment hits two-year low

Unemployment in Western Australia is at its lowest level in more than two years, with Treasurer Ben Wyatt saying it was pleasing to see the rise in employment driven by full-time work.

Wages growth at 18-year low

Western Australia recorded its lowest level of wages growth in the year to June since at least 1999, at 1.4 per cent, according to data from the Australian Bureau of Statistics.

Perth world's 7th most liveable city

Perth is the world’s seventh most liveable city for the second year running, according to The Economist’s Intelligence Unit, while Melbourne continues a winning streak as the world's number one, a position it has held since 2011.

Upcoming Business News EventsView all

Hyatt Regency Perth - 20 September 2017

Winners announced - 07 March 2018

PropertyView all

GDI in $143m bid for Perth’s IKEA store

Sydney-based GDI Property Group has set its sights on Perth’s IKEA complex in a conditional deal worth $143.5 million.

Sustainability key to affordable living

Innovative affordable housing models have emerged in Fremantle, with three developers pushing the envelope of sustainability and lifestyle.

W Fairweather & Son wins top building accolade

Fourth-generation commercial building company W Fairweather & Son was named the winner of the Master Builders Association’s Robert Law award at an event in Perth today.

Claremont apartments surge leads nation: report

Cottesloe-Claremont has been named the country’s fastest growing area for apartments, despite Western Australia continuing to have one of the lowest shares of medium-density housing approvals of all the states, according to a Bankwest report released today.

MPF increases east coast presence with $20m deal

Perth-based Mair Property Funds has acquired two commercial properties in Melbourne in an off-market deal worth $20.3 million.

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

CEO Ian Booth to leave Screenwest

Screenwest today announced that, after 10 years as chief executive, Ian Booth will leave the organisation at the end of the year.

Artist in residence with Ray Glickman

Ray Glickman can often be spotted in a quiet corner seat in one of Perth’s busy cafes, putting his thoughts down on paper for his latest work-in-progress.

Indigenous research success shows value of a good yarn

The impact of a WA initiative that empowers young Aboriginal women was recently showcased at the World Indigenous Peoples Conference on Education.

Mural to revamp Merredin silos

THE first brushstrokes have been applied to four CBH grain silos in Merredin as part of cultural organisation FORM’s annual PUBLIC street art project.

Holmes a Court art collection on show

An exhibition opening and new book have provided an insight to a selection of works from the private collection of arts advocate, philanthropist and Perth businesswoman, Janet Holmes a Court.

EnergyView all

Renewables await policy clarity

SPECIAL REPORT: More than $1.6 billion of renewable energy projects are proposed for the South West Interconnected System, but their success may hinge on how the government handles two regulatory issues.

Power players keen to compete with Synergy in more open marketplace

SPECIAL REPORT: As WA households benefit from increased competition in gas retailing, the electricity sector wants to be able to compete with Synergy in providing to small customers, with some players calling for a reduction in the contestability threshold to 20 megawatt hours.

Coleman flags ownership changes at NW Shelf

Woodside Petroleum chief executive Peter Coleman said today that changes to the ownership of the North West Shelf Venture would be a natural progression as it became an infrastructure asset servicing offshore gas fields.

Acquisition could boost NWSV life extension case

Some of the North West Shelf Venture partners might either sell their stake in the operation or take an equity interest in potential projects such as Browse as one potential solution to find backfill liquids for Karratha gas plant in the next decade, according to a report by Wood Mackenzie.

Woodside director to lead CEDA

Melinda Cilento has been chosen to succeed Stephen Martin as chief executive of the Committee for Economic Development of Australia.

"Mark My Words" PodcastsView all

18 August 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss South West irrigation schemes, sandalwood, NRW, and Lawleys, plus power and energy.

15 August 2017

One of the state’s most experienced financial services leaders, John Van Der Wielen says the opportunity to put something back into the community was one factor motivating his move to HBF.

11 August 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss Woodside’s Fifo project, contrary views in the nickel sector, Jimmy Wilson’s lateral move, Port Hedland’s dust issue and small business.

04 August 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss office vacancies, Richardson Hotel, Mandogalup, residential housing, David Flanagan and home grown tech heroes.

02 August 2017

The value of a strong team in a crisis was highlighted by mining chief David Flanagan during his recent discussion with Business News.

Food & WineView all

Lawley’s rolls out new Nedlands store

Building a bread empire was not part of the plan when Sarah Thomas and her husband, Trevor, took over a Beaufort Street bakery in 2003; their goal was to reinvigorate the struggling business.

Small bars breathe new life into Perth pubs

Change is sweeping through front bars and suburban watering holes across the city, with publicans of some of the city’s most recognisable pubs spending up big in efforts to stay relevant in Perth’s rapidly diversifying hospitality sector.

Syme distils recipe for success

A series of local and global accolades has helped craft export opportunities for Great Southern Distilling Company.

Great Southern takes top prize at Telstra awards

Boutique distillery Great Southern Distilling Company has been crowned this year’s Telstra Western Australian Business of the Year.

Removing the mystery from beer history

A pair of beer industry entrepreneurs is aiming to raise awareness of the history of WA’s favourite amber fluid.

Special ReportsView all

Small business 2017

Small business 2017

14 August 2017

SME and startup centres evolve

Shared spaces connect businesses, foster collaborative opportunities
Small business growth on tap at Curtin
Equity crowdfunding

Equity crowdfunding

17 July 2017

A new business financing option

Crowdfunding to offer new equity opportunity
M&A deals take surprise twists

MiningView all

Mining upswing lifts Imdex

The share price of Balcatta-based Imdex hit its highest level in four years today after the mining equipment and technology company reported a strong improvement in earnings.

Fortescue raises payouts as profit soars

Fortescue Metals has flagged it will sustain higher payouts for shareholders after a rebound in iron prices and lower costs helped it more than double full-year profit.

Eastern, Wolf issues keep GR Engineering shares locked

GR Engineering Services has requested its shares be suspended from trading on the ASX while it assesses the impact of Eastern Goldfield’s now-retracted wind-up order, as well as a £7.5 million ($A12.2 million) bond claim notice lodged by Wolf Minerals.

Eastern wind-up cancelled after payment

The Supreme Court of Western Australia has reversed its decision to wind-up Eastern Goldfields after it was revealed the relevant debt of $383,000 was paid on the same day the winding-up application was lodged.

Solid year for NRW

NRW Holdings has reported a profitable 2017 financial year, but has withheld a dividend payout following its acquisition of Golding Group.

OpinionView all

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss South West irrigation schemes, sandalwood, NRW, and Lawleys, plus power and energy.

Super union merger a cause for concern

OPINION: In any normal case, efforts to economise and gain efficiencies to best represent your stakeholders would be applauded. So why is that not the case with the proposed merger of some of the nation’s most influential unions?

Sales techniques are good, friends are better

OPINION: It’s estimated that half of all sales are made on the basis of an established friendship, so if you’re not making nice you’re missing out on half of your market.

Digital drive a good sign for the Times

OPINION: A bit of bagging from Donald Trump has coincided with the digital rise of a traditional US publishing business.

Overreach likely in family trust plan

OPINION: Federal Labor may regret gunning for family trusts as it starts developing policies for the next election

RetailView all

Steel Blue: hard-wearing, not hard to wear

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

Coles earnings slip, Wesfarmers profit up

Earnings at supermarket giant Coles have fallen for the first time since its acquisition by Wesfarmers nine years ago, as its sales growth slowed further amid stiff competition.

JB Hi-Fi delivers record profit

Electronics retailer JB Hi-Fi has reported strong sales growth for the 2017 financial year and says it expects that to continue heading into the peak Christmas trade.

BP-Woolies deal could raise petrol prices

Motorists could end up paying more for fuel if BP's proposed $1.8 billion takeover of Woolworths petrol stations goes ahead, the competition watchdog warns.

Stirfire’s virtual reality offering delivering real-world potential

Stirfire Studios is set to join the ranks of publicly traded games companies such as Japan’s Sony and Nintendo, and Electronic Arts and Activision Blizzard in the US.

Most viewed people

Michael Fotios

Michael Fotios

Executive Chairman, Redbank Copper
Non-Executive Director, Pegasus Metals
Executive Chairman, Eastern Goldfields
Non-Executive Chairman, Horseshoe Metals
Non-Executive Chairman, Oklo Resources

Gaye McMath

Gaye McMath

Non-Executive Director, Gold Corporation
Deputy Chair, Committee For Perth
Non-executive director, Perth Convention Bureau
Non-Executive Director, Perth Markets
Board Member, Chamber of Arts and Culture WA
Non-Executive Director, The Perth Mint

Mark Clements

Mark Clements

Company Secretary, Indus Coal
Executive Chairman (since 2014), Company Secretary (since 1997), MOD Resources
Company Secretary, Auris Minerals
Company Secretary, Lucapa Diamond Company
Trustee, Company Secretary, Simon Lee Foundation
Non-Executive Director, Company Secretary, MSM Corporation International
Company Secretary, Emerald Resources
Company Secretary, Marine Produce Australia

Peter Unsworth

Peter Unsworth

Non-Executive Chairman, Impact Minerals
Non-Executive Chairman (since 2010), Invictus Gold
Non-Executive Director, Gold Corporation
Non-Executive Director, The Perth Mint

Karen Wellington

Karen Wellington

Program Manager, CoderDojo WA
Board Member, Secretary, PVI Collective
Program Manager, CoderDojo WA , Fogarty Foundation
Non-Executive Director, Classroom of Hope

Thought LeadershipView all

Babies and Business are not Mutually Exclusive

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

Will the right location give your small business the edge?

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.

Investment strategies for busy professionals and executives

The head of Commonwealth Private Banking, Marianne Perkovic, takes a look at the some of the key domestic and global trends for private investors.

Local solution solves global IT issue

Government at all levels is focused on improving public safety and security at present.

Three ways to grow your business and boost revenue

Untapped innovation worth $37 billion to WA economy. Can innovation help grow a business and generate more revenue?