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

Corporate Finance DealsView all

Saracen ups bid for Bligh's gold project

Saracen Mineral Holdings has increased its offer for Bligh Resources' Bundarra gold project after Zeta Resources made a competing bid last week.

Zeta emerges with Bombora takeover plans

Two days after Magnum Gas & Power ended plans to acquire private company Bombora Natural Energy, Perth-based Zeta Petroleum has revealed its own merger plans with the target.

CKI’s $7.5bn Duet bid approved

A Chinese consortium is set to take control of the Dampier to Bunbury gas pipeline and several power stations across WA after regulators and shareholders today approved the $7.5 billion takeover of listed company DUET Group.

Storage group outlays $17m on WA properties

National Storage REIT intends to acquire two properties in Perth for a combined $17 million while confirming plans to develop two further sites, believed to be at Yanchep and Martin.

Carnegie raising grows to $18m

Carnegie Clean Energy has tripled the size of its capital raising to $18 million after accepting oversubscriptions from a share purchase plan and undertaking an additional placement.

Most CommentedView all

New study reveals Perth suburbs selling faster than in boom

The Real Estate Institute of Western Australia has revealed 10 Perth suburbs where properties are selling faster now than during the mining boom, with four of the top 10 in the western suburbs.

Corporate opposition to 457 visa axing

Parts of corporate Australia have attacked the federal government's axing of 457 immigration work visas, claiming it is a politically driven move and unfairly targets less than 1 per cent of the workforce.

GST first of many tests for Labor

OPINION: The McGowan government will need to get straight down to business, given the backlog of issues it needs to address.

Taxi tax could be admin headache

A taxi levy to buy back plates could be a major administrative headache for the sector and punish more efficient players, according to Ingogo chief executive Hamish Petrie.

Rise in Perth house prices tipped

A research collaboration between CoreLogic and ratings agency Moody's has predicted a turnaround in Perth's depressed property market this year, with a 2.8 per cent rise in detached house values foreshadowed.

Politics & the EconomyView all

Corporate opposition to 457 visa axing

Parts of corporate Australia have attacked the federal government's axing of 457 immigration work visas, claiming it is a politically driven move and unfairly targets less than 1 per cent of the workforce.

Wages and debt weigh on confidence: ANZ

Low wage growth, rising household debt and global geopolitical tensions are all weighing on consumer confidence, ANZ Banking Group says.

Palmer goes quietly from politics

Clive Palmer is formally waving goodbye to politics and disbanding his political party.

457 visa program to be replaced

Prime Minister Malcolm Turnbull has announced the abolishment of the 457 skilled visa program, which will be replaced by a visa with new requirements for temporary foreign workers.

Directors want tax reforms back on agenda

A lower company tax rate, the abolition of stamp duty and a review of the federation should be top priorities to drive national prosperity, says the Australian Institute of Company Directors.

Upcoming Business News EventsView all

PropertyView all

Malaysian developer acquires second Perth site

A major Malaysian property developer is eyeing Perth as a launchpad for an entry into the Australian market, off the back of a $14 million acquisition of a development site in Leederville.

Research stirs debate over apartment size

Fresh research shows apartment residents are increasingly moving towards larger dwellings, but one of the city's top sales executives says there remains a market for all apartment types.

15-year ban for Perth real estate agent

A Perth real estate agent who forged signatures on fake contracts to pocket $30,000 has been banned from working in the industry for 15 years.

Terrace gets taste of cheese, chocs

The evolution of The Western Australian Club's former premises at 101 St Georges Terrace is continuing, with Guylian Belgian Chocolates to open a cafe in the historic building next month.

Gow questions builder's financial status

The building commissioner has put out a public warning against a local building company, saying its financial status warrants questioning.

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.
25 Apr 2017 | @ 05:50am
27 Apr 2017 | @ 12:00pm
27 Apr 2017 | @ 01:00pm
01 May 2017 to 02 May 2017
| @ 08:30am
01 May 2017 to 05 May 2017
| @ 09:00am

Arts & CommunityView all

Gentle art of conversation not lost on mental health advocates

Perth business leaders, teachers and psychologists are part of a campaign using art to start conversations about youth mental health.

NFP seeks local support for care kits campaign

Not-for-profit organisation People Who Care is calling on the community and local businesses to pledge funds or donate items for kits to help those fleeing domestic violence. 

Perth initiative gives to Greeks

The Hellenic Initiative Australia has launched a campaign inviting people travelling to Greece to volunteer while they holiday.

Artist in residence: Ofa Fotu

Singer-songwriter Ofa Fotu grew up in Fremantle surrounded by melodies, but hadn't planned for music to become her career. 

WASO tunes up for Karijini opera

A string quartet from the West Australian Symphony Orchestra will exchange its Perth Concert Hall home for a natural stage in the Kalamina Gorge next week for the 2017 Karijini Experience.

EnergyView all

Chevron loses $340m tax appeal

Chevron Australia has lost its appeal of a 2015 Federal Court ruling regarding the company's financial and taxation relationship with its US parent, although the company has not ruled out a High Court appeal.

Woodside continues Pluto expansion pursuit

Woodside Petroleum has engaged contractors to develop concept options for an expansion of the Pluto LNG facility for consideration as early as mid-year, while reporting an 11 per cent drop in March quarter revenue on the back of adverse weather and inventory build up.

Magnum, Bombora end acquisition plans

Plans by private company Bombora Natural Energy to join the ASX through the acquisition by Magnum Gas & Power have fallen through after the deal was terminated by mutual agreement.

Stochastic to be sold by receivers

Oil and gas software developer Stochastic Simulation is expected to be put up for sale, two weeks after it was put into receivership. 

Court rejects power station claim

The Japanese owners of the Bluewaters Power Station near Collie face the prospect of substantial payments to the energy market operator, after an incident that has put one of its generating units out of service for up to six months.

"Mark My Words" PodcastsView all

21 April 2017

In this Business News podcast, Dan Wilkie and Mark Beyer discuss 457 visas, chief executive salaries, Chinese investment in WA and the state of the construction industry.

13 April 2017

In this Business News podcast, Dan Wilkie and Mark Beyer discuss house prices, training and apprentices, iron ore prices, apartment projects and student housing.

07 April 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss property in Scarborough, Claremont, Elizabeth Quay and the Hyatt, Private capital boosts HealthEngine and Muscleworx, distilleries win gongs and March quarter deals environment.

31 March 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss residential property, Quintis, insolvency law reform and oil and gas.

24 March 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss TFS- Quintis, Kerry Stokes and mining investment, Western Force’s prospectus and who are the state’s Most Influential people?

Food & WineView all

Local distillers show winning spirit

Those who fancy a tipple of the finest vodka or whisky will be pleased to learn that two of the world's best are made right here in Western Australia.

Getting more from the daily grind

From pods to beans, the founders of social enterprise Community Pod have extended their business model.

Chains serve up $40m stores push

A big increase in takeaway spending in WA may not be flowing through to the big players, but they are still investing in market share.

Investa, Eureka offer glimpse of new QV1

QV1 co-owners Investa Property Group and Eureka Real Assets have unveiled the look of Perth CBD's newest food precinct, the $6.5 million first phase of nearly $150 million worth of redevelopment works at the 43-level office tower.

Red Rooster unveils new store concept

Red Rooster has chosen Northbridge as one of four locations where it will open new-format stores, with smaller-footprint operations designed to allow the barbecued chicken chain to secure more inner-city sites.

Special ReportsView all

Corporate Finance March 2017

Corporate Finance March 2017

10 April 2017

We analyse 170 March quarter deals worth $7bn

Major M&A deal hunters lurking
OreCorp pursues gold plan with Africa focus
Capital raisings top $1bn
Most Influential 2017

Most Influential 2017

27 March 2017

Big changes among WA's political and business leaders

Influence radiates from centre of power
Information and communications technology 2017

Information and communications technology 2017

20 March 2017

Data drives ICT opportunities
Data centres target top tier

MiningView all

Sharp fall in CEO salaries

Newly appointed chief executives in WA are on substantially lower salary packages compared with recent years, a Business News survey has found. 

Super pit deal falls through

The Chinese company angling to buy a 50 per cent stake in the Kalgoorlie super pit has reportedly dropped the $US1.3 billion bid due to more rigid Chinese controls on capital outflows, while its bid to buy Southern Cross gold mine owner Hanking Australia has been completed.

Rio shipments hit by bad weather

Mining giant Rio Tinto has made a sluggish start to the year, with first-quarter shipments and production of iron ore affected by bad weather in Western Australia.

Ore fall a big dent to budget

The dramatic fall in the price of iron ore since the start of March could punch a $1.4 billion hole in the state's finances in the next financial year.

Iluka set for stability after years of shifting sands

ANALYSIS: Several factors are combining to reshape the future options for titanium minerals and zircon miner Iluka Resources.

OpinionView all

Mark my words podcast

In this Business News podcast, Dan Wilkie and Mark Beyer discuss 457 visas, chief executive salaries, Chinese investment in WA and the state of the construction industry.

Barnett defers major call

OPINION: Colin Barnett has decided to stay on as the member for Cottesloe, but how for long is another matter.

Royalties for Regions cuts a sensible first step

OPINION: During the state election campaign, Mark McGowan said his government would repay the state's debt as though it were a home mortgage; now, unfortunately, he is experiencing the equivalent of mortgage stress, which comes with taking on too much debt without enough income to service it.

Political edge to BHP break-up play

OPINION: Corporate events such as takeovers and break-up proposals do not always have a political edge to them, but when they involve BHP Billiton, once Australia's biggest company, politics are not far away (and neither is Western Australia).

Data key to marketing moves

OPINION: Businesses risk being left behind by rapid changes in customer behaviour unless they improve how they collect and communicate information. 

RetailView all

Woolworths wins dispute with Lowe's

Woolworths can press ahead with the sale of Masters' property assets after winning a stoush with former US joint venture partner Lowe's.

Amazon confirms it's coming to Australia

E-commerce giant Amazon has confirmed it will launch its full retail offering in Australia and is inviting local retailers to sign up.

Myer buys Marcs and David Lawrence

Myer has saved troubled luxury clothing labels Marcs and David Lawrence from extinction two months after the Australian brands hit financial strife.

Woolworths facing potential class action

Retail giant Woolworths could face a $100 million shareholder class action for allegedly failing to properly inform investors it would not meet its profit growth forecasts in the 2014-15 financial year.

Westfield says demand for stores is strong

The owner of Westfield shopping centres in Australia and New Zealand says store space across its 39 properties is almost completely occupied.

Most viewed people

Alan Winduss

Alan Winduss

Company Secretary, Non-Executive Director, United Overseas Australia
Company Secretary, Non-Executive Director, Advanced Share Registry

Mark Pearce

Mark Pearce

Non-Executive Director, Company Secretary, Prairie Mining
Non-Executive Director, Odyssey Energy
Non-Executive Director, Sovereign Metals
Non-Executive Director (Company Secretary 2009-2010), Equatorial Resources
Non-Executive Director (Company Secretary 2009-2012), WCP Resources
Non-Executive Director, Salt Lake Potash
Non-Executive Director, Apollo Minerals

Grant Button

Grant Button

Non-Executive Director, Company Secretary (since 2016), Ferrum Crescent
Chief Executive Officer, Company Secretary (since 2009, Magnum Mining &
Exploration

Paul Watt

Paul Watt

Director of Research Services and Innovation (from 2016), Telethon Kids Institute
Non-Executive Director (since 2016), Chief Scientific Advisor (since 2013), CEO (2009-2013), Phylogica

Mark Bojanjac

Mark Bojanjac

Non-Executive Director, Geopacific Resources
Executive Chair since 2016, (Non-Executive Chair 2015-2016), Coventry Resources

Thought LeadershipView all

WA Outcomes setting the benchmark for consumption based IT in Government

Blue sky thinking comes from all manner of places.

Perth could become Australia’s next property investment hotspot – but where in Perth has the edge?

With recent property prices peaking in Sydney and Melbourne coupled with flat property conditions in Perth, there has been speculation recently that Perth is now the place to consider for investing in property. We all know that property investment has a number of risks so when considering investing in Perth, are there any areas that have the edge over other locations? 

Time to Shelve the Performance Appraisal?

Whether we call them performance appraisals, reviews, feedback or the current trending term, 'check-ins' every organisation has its own process of identifying, measuring, and developin

Improving Business Resilience with Cloud Disaster Recovery as a Service (DRaaS)

During 2016 many high profile enterprises (including the ATO and the ASX) suffered significant outages of critical IT services.

How Flexible are you?

Once upon a time flexibility in the workplace was the sole domain of working parents, however our changing world has seen an increased expectation across all areas of your business.  As with all change, this presents the organisation with a number of opportunities, as well as challenges.