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

Corporate Finance DealsView all

WhiteHawk completes $4.5m IPO

Shares in US-focused cybersecurity company WhiteHawk will begin trading on the ASX tomorrow after the company completed a $4.5 million initial public offering using Perth brokers and advisers.

Tiger to sell DRC assets for $US260m

Perth-based Tiger Resources has sold its assets in the Democratic Republic of Congo, including its Kipoi copper project, to a consortium of Chinese investors for $US260 million ($325 million).

Mercantile increases Bauxite bid

Sir Ron Brierley-chaired Mercantile Investment Company has increased its bid for Perth-based Bauxite Resources to 11 cents, putting it within the price range set out in the independent expert’s report.

Imdex plans $NZ40m acquisition

Mining equipment supplier Imdex expects it will be able to deliver substantial productivity benefits to its clients after striking an option agreement over New Zealand company Flexidrill.

Tietto, BlackEarth raise $11m in IPOs

Perth-based gold explorer Tietto Minerals got off to a solid start in trading today after raising $6 million in its initial public offering.

Most CommentedView all

Crowdfunding available for startups

UPDATED: Australian startups will now be able to raise capital via crowdfunding sources after the corporate watchdog today approved the first batch of licences allowing companies to act as intermediaries in the process.

Local business at Yagan Square

The state government has announced six more local businesses that will operate at the new $75 million Yagan Square development, set to be opened next month.

Quintis opposes requisition

Troubled sandalwood producer Quintis says its board intends to advise shareholders to vote against a series of resolutions to spill the board, while also announcing a one week extension on its forbearance agreement.

Time to appoint a chief entrepreneur

The right kind of government assistance could provide a timely fillip for WA’s startup and innovation community.

Power Ledger makes tech final

Local tech company Power Ledger has been selected as one of three finalists in the 2018 Extreme Tech Challenge at CES in Las Vegas.

Politics & the EconomyView all

$A is once again above 80 US cents

The Australian dollar once again has edged above 80 US cents as the US government shutdown weighs on the greenback.

Gold flat as US government shutdown ends

Gold has steadied as the US dollar has hovered near three-year lows, but bullishness in the wider financial markets as the US government shutdown ended capped the metal's gains.

Oil up on volatile $US, Libya output dents

Oil has settled higher after US dollar fluctuations and the restart of some Libyan oil fields caused the market to vacillate, with prices testing lower before rallying to levels just below three-year highs.

$A is lower against a pressured $US

The Australian dollar is lower against a US counterpart weighed down by the threat of a US government shutdown.

Oil falters on growing US output concerns

Oil prices have fallen, breaking a four-week winning streak after a rally that had taken benchmarks to three-year highs, as investors sold positions on re-emerging US production concerns.

Upcoming Business News EventsView all

Hyatt Regency Perth - 16 February 2018

Crown Ballroom, Crown Perth - 07 March 2018

PropertyView all

Investors move on Perth seeking value

Foreign investors are making their mark on Perth, accounting for more than half of the purchases in the CBD office market in the past two years, according to Savills Australia.

Flux expands, innovates

The finishing touches are under way at the fitout for Flux’s two new floors at Parmelia House, which feature a shift away from full open plan.

Stockland gets green light for new shopping centre

ASX-listed property group Stockland is set to develop its fifth shopping centre in Western Australia after receiving state and local planning approvals for its Whiteman Edge Town Centre in Brabham.

TRG Properties selected for Parkside Walk

Local developer TRG Properties has secured the largest development site at LandCorp’s urban infill project in Jolimont, with plans to build 46 luxury apartments already under way.

Liv Apartments recognised for sustainability

A Defence Housing Australia apartment project in Fremantle has become the state’s third property development to be recognised as a One Planet Community, under the international Bioregional program.

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.
26 Jan 2018 | @ 06:00pm
29 Jan 2018 to 02 Feb 2018 | @ 08:45am
01 Feb 2018 | @ 08:30am
01 Feb 2018 | @ 12:00pm
01 Feb 2018 | @ 06:00pm
02 Feb 2018 | @ 09:00am

Arts & CommunityView all

Fringe focused on value for money

City of Perth and Woodside are upping their input into Fringe World Festival this year as the arts event expands with new locations and online activity.

Construction at new museum under way

The state government has signed the stage two agreement for Western Australia’s new $428 million museum with managing contractor Multiplex, construction of which is scheduled for completion in mid-2019.

Dolphins dive for mental health

Backed by South32 and Deloitte, brightly coloured sculptures of dolphins have begun cropping up across the streets of Perth as part of a public art exhibition for mental health.

Fremantle finds its roots with local artists

David Spencer was selected alongside popular local artist Anya Brock last year to the role of brand ambassador for Sirona Capital’s King’s Square project in Fremantle.

Royal Flying Doctor Service's reputation soars

The Royal Flying Doctor Service (RFDS) has been ranked the most trusted charity for the seventh year running in the Charity Reputation Index for 2017, followed by St John Ambulance and CareFlight.

EnergyView all

Redmile to take helm at Perth Energy

Local electricity retailer Perth Energy is planning a leadership change, with chief development officer Giles Redmile to take over as chief executive in mid-February as current boss Andrew Rowe moves back to the engineering industry.

LNG Australia's third biggest export: Energy Quest

Australian LNG export revenue grew 44 per cent in 2017 on the previous year to $25.8 billion, making the commodity the nation's third biggest export earner, according to consultancy Energy Quest.

Goldsworthy, Skira to Power board

Former Rio Tinto executive Denise Goldsworthy and former Water Corporation chair Eva Skira have been appointed directors of Western Power, replacing Sharon Warburton and George Cash.

Western Power signs up Bonfire

Western Power has engaged digital marketing agency Bonfire to broaden the utility’s engagement with customers beyond the traditional means.

Nalder pans power pricing as disconnections grow

The number of electricity users disconnected for failing to pay bills increased around 60 per cent in Western Australia in the 2017 financial year, while more than 10,000 electricity users were on a hardship program, according to a report released by the Economic Regulatory Authority today.

"Mark My Words" PodcastsView all

19 January 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss the Australian dollar and commodities, blockchain technology, contract wins and deals, Imdex's expansion, and franchising.

12 January 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss the funeral business, St John of God Healthcare, cultural developments, big moves in corporate finance sector and Business News celebrates 25 years.

05 January 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss MRA and LandCorp merger, a local bitcoin venture, WA property values, cannabis, plus food trucks, fresh food boxes and fine dining.

15 December 2017

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss Scarborough high rise, Colin Barnett, construction jobs, Tox Free, AWE takeover and our person of the year.

08 December 2017

PODCAST: Mark Beyer and Mark Pownall discuss WA’s economic growth, land development softens, Scarborough development knocked back, architecture firm collapse, Mark Povey fined, EPA approves Southbank, gas project bid, company directors cash in and WA’s biggest employers

Food & WineView all

Bullish franchises plan to expand

SPECIAL REPORT: Whether it’s burritos, car repairs or mortgage advice, a number of big franchises are targeting growth in 2018.

Increasing appetite for loyalty

Fraser’s Kings Park is among the early takers for a new program aiming to bring loyalty back to Perth’s food scene.

Perth feasts on food boxes

SPECIAL REPORT: Perth's fresh food box market is becoming big business, with global player Hello Fresh launching in WA late last year as more local suppliers plan their launch.

Food trucks drive opportunity

SPECIAL REPORT: With more than 500 food trucks in Perth, competition in the sector is heating up, despite a number of unique challenges and bureaucratic hurdles.

Events embrace intimate flavour

The operators behind UnWined Subiaco and Ice Cream Factory have tailored their approach to curate experiences different to traditional large-scale events.

Special ReportsView all

Corporate Finance 2017

Corporate Finance 2017

15 January 2018

Local dealmakers pursue opportunities

New players chasing finance deals as opportunities align
BDO buys corporate advisory firm
Person of the year 2017

Person of the year 2017

18 December 2017

Chris Ellison on top after shrewd moves

Strategic Ellison seizes opportunities
Wealth creators 2017

Wealth creators 2017

04 December 2017

WA company directors make major gains

Healthy dividend in building wealth
Tech next step for Jones post-Navitas

MiningView all

Cape in Bald Hill lithium win

CFC Group subsidiary Cape has become the latest business to win work from the the state’s growing lithium sector, sealing a four-year contract for crushing services at Bald Hill.

Mining sector turnaround

A 40 per cent rise in project applications with the Department of Mines, Industry Regulation and Safety last year has provided another signal of a turnaround in the mining sector.

Battery secures 60% offtakes

Battery Minerals has locked in offtake agreements for 60 per cent of the forecast annual production at its Montepuez graphite project in Mozambique after announcing a supply deal with a Chinese company today.

Battery signs offtake deal

Perth-based Battery Minerals has signed an offtake deal for the supply of graphite concentrate at its Montepuez project in Mozambique to a private Chinese company.

BHP maintains iron ore volumes

BHP Billiton has lifted production of copper, nickel and energy coal for the first half of fiscal 2018, but volumes were flat in its iron ore business while petroleum and metallurgical coal volumes were down.

OpinionView all

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss the Australian dollar and commodities, blockchain technology, contract wins and deals, Imdex's expansion, and franchising.

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss the funeral business, St John of God Healthcare, cultural developments, big moves in corporate finance sector and Business News celebrates 25 years.

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss MRA and LandCorp merger, a local bitcoin venture, WA property values, cannabis, plus food trucks, fresh food boxes and fine dining.

Cryptocurrency boom to lose its lustre

Bitcoin may be enjoying a golden run at the moment, but established economists are dismissive of its value.

Urban no legend in Labor ranks

The state government is facing its first major personnel crisis, and the opposition is keen for a win.

RetailView all

$150,000 fines for Pastacup breach

The competition watchdog has had its first major win enforcing a new franchising code of conduct, with the Federal Court today fining Pastacup franchisor Morild and co-founder Stuart Bernstein $150,000 for a failure to disclose he had been a director of two insolvent entities.

More time to shop this Christmas

Perth’s shoppers will enjoy the same extended shopping hours as last year to buy presents and hunt for bargains, but employers want longer hours all year round.

Borgioli right at home on King Street

It was in the aftermath of a profoundly emotional moment that Terence Borgioli, then 23, decided to chase his dream of starting a luxury fashion business.

Car sales shed August gains

New car sales in Western Australia dipped back into the red last month after showing rare signs of improvement in August.

Blossoming Profresh a cut above

Floral wholesaler Profresh has grown from a one-person business into a team of almost 15, generating $3 million in revenue in just its second year of commercial operations

Thought LeadershipView all

Autonomy trumps command and control in the digital age

Historically, business models which were created to enable efficiency and cost effectiveness resulted in the formation of complicated and siloed organisations, often with vast formal and informal i

The biggest danger is to act with yesterday’s logic

I don’t think anyone can be in any doubt that we’re operating in a VUCA environment today, with extreme levels of Volatility, Uncertainty, Complexity and Ambiguity.

Perth’s quiet smart creative revolution

When I moved to Perth from Johannesburg earlier this year I was surprised by the views and perspectives of some people I met on the prospects for the WA economy.

How can scrap metal help people and the environment?

In today’s world, organisations have an incredibly important role in being environmentally responsible. The St Vincent de Paul Society understands this and has a strong focus on sustainability and recycling.

The modern workplace — gen Y style

THE nature of employment is changing as a younger generation moves through the workforce. The new era means a shift of priorities is needed for employers and employees. “About 20 or 30 years ago you used to have a job for life,” Lance Compton said.