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

Corporate Finance DealsView all

Venus Metals Corporation

Explorers raise $9m

Jessica Mascione Jessica Mascione
12 Nov 2019

Venus Metals Corporation has entered into an underwriting agreement with Ord Minnett to exercise $5.7 million worth of options to progress exploration activities at its base metal projects in Western Australia.

AVZ Minerals

AVZ to raise $14m

Business News Business News
11 Nov 2019

Lithium explorer AVZ Minerals has announced it would raise $14.1 million to a new strategic investor based in China.

Sky and Space Global

SAS halves placement share price

Jessica Mascione Jessica Mascione
11 Nov 2019

West Perth-based Sky and Space Global has revised its previously announced plans for a $15 million capital raising, with the funds to be raised through a placement and rights issue at 0.5 cents per share.

Palermo Chartered Accountants

Bodybuilder strikes $85m ASX deal

Mark Beyer Mark Beyer
07 Nov 2019

Perth bodybuilder Danny Pavlovich is planning a stock market listing of his business Nutrition Systems, which has quietly grown to become one of Australia's leading suppliers of supplements with annual sales of $50 million.

APM

Konekt supports increased APM offer

Business News Business News
07 Nov 2019

West Perth-based APM has been forced to lift the value of its takeover offer for Konekt by 30 per cent after a competing bidder lodged a proposal for the ASX-listed health solutions provider.

Politics & the EconomyView all

Carmel School

Cormann bullish on wages

Matt Mckenzie Matt Mckenzie
08 Nov 2019

Wages growth is picking up and performing better than many commentators expect, according to Finance Minister Mathias Cormann, while the government will likely revise its surplus projection lower for the financial year.

Committee for Economic Development of Australia

Labor backs mining industry

Mark Beyer Mark Beyer
29 Oct 2019

Federal Labor leader Anthony Albanese has used a speech in Perth to defend the importance of the mining industry, saying the market should be allowed to determine which projects, including in the coal sector, are able to proceed.

Department of Treasury

Tinley primes WA for slice of Indonesia trade deal

Adrian Rauso Adrian Rauso
24 Oct 2019

Asian Engagement Minister Peter Tinley has talked up Western Australia’s business opportunities with Indonesia, as federal parliament is set to ratify a significant trade deal with the South-East Asian country.

Water Corporation

Ports, utilities add $1.2bn to coffers

Matt Mckenzie Matt Mckenzie
21 Oct 2019

Almost $1.2 billion in dividends flowed to the state government from 11 of its businesses in the year to June 2019, according to their recently published annual reports.

CITIC Pacific Mining

Citic resolution a key for China

Matt Mckenzie Matt Mckenzie
18 Oct 2019

Continued Chinese investment into Western Australia could hinge on a fair outcome in the long-running dispute between CITIC Pacific and Clive Palmer's Mineralogy, according to Consul General Zhihua Dong.

PropertyView all

WA house sizes fall 7%

Jessica Mascione Jessica Mascione
11 Nov 2019

Western Australians have built smaller homes over the past year, with the average house size falling 6.9 per cent, according to a recent report from CommSec.

Fini Group

Fini Group given go-ahead for heritage project

Dan Wilkie Dan Wilkie
11 Nov 2019

Fini Group has been given the green light to restore Shenton Park’s Victoria House, with the heritage-listed former hospital to become a retail and hospitality precinct which will be integrated with 8

Real Estate Institute of Western Australia

Vacancies fall in rental market, rent rise could follow

Business News Business News
08 Nov 2019

The latest data from Perth’s rental market suggests landlords could potentially look forward to rising rents in coming months, with vacancies continuing to decline while leasing activity ramps up across the city.

Linfox

Public art policy under pressure

Dan Wilkie Dan Wilkie
08 Nov 2019

National trucking giant Linfox is providing a major test for the validity and robustness of local government policies requiring developers to contribute to public art to win approval for major projects.

The Agency Group Australia

The Agency to manage Aspen’s $20m portfolio

Madeleine Stephens Madeleine Stephens
07 Nov 2019

The Agency has been appointed to manage Aspen Group’s recently acquired $20 million Perth rental portfolio.

WA Event Calendar View all

WA's most comprehensive guide to forthcoming business-related events. To list an upcoming WA event on this page, register with Scoop Online..

Aboriginal Culture in WA View all

With a history stretching back at least 50,000 years, there are many ways to explore WA’s rich and diverse indigenous heritage..

Arts & CommunityView all

The Lester

Novice Nunan wins Lester Prize

Madeleine Stephens Madeleine Stephens
11 Nov 2019

Liam Nunan had never entered an art competition before winning the The Richard Lester Prize for Portraiture 2019 for a painting of his friend Jonny Hawkins on Friday night.

Fogarty Foundation

Fogarty named WA Australian of the Year

Business News Business News
08 Nov 2019

Perth philanthropist Annie Fogarty has been announced this year’s WA Australian of the Year for her work in education advocacy.

West Australian Ballet

WA Ballet goes to China

Jordan Murray Jordan Murray
07 Nov 2019

The West Australian Ballet has announced it will tour China with a performance of ‘Giselle’ in October of next year, as part of the company’s recently announced 2020 season.

Perth Festival

Perth Festival launch 2020 program

Madeleine Stephens Madeleine Stephens
01 Nov 2019

Artistic director Iain Grandage launched the 2020 Perth Festival program last night and announced the first week of the 24-day festival will be dedicated to First Nations performances.

EON Foundation

de Mori, Gilbert win NFP director awards

Business News Business News
29 Oct 2019

The Australian Institute of Company Directors has announced EON Foundation chair Caroline de Mori and South Coast Natural Resource Management board member and audit committee chair Joanne Gilbert as the winners of the PwC Director Awards for Excellence in the Not-for-Profit Sector in WA.

Featured PhotographsView all

Jessica Gethin, Perth Symphony Orchestra chief conductor and artistic director.
Fremantle Ports
Hadiqa Moroccan Restaurant & Bar at Hibernian Place
Meeting room and rooftop
Success & Leadership breakfast with Chris Sutherland, Programmed
Element office kitchen
The Melbourne Hotel
Conservatory
Riff powered by SpaceCubed
Riff powered by SpaceCubed

EnergyView all

Conservation Council of Western Australia

Carbon answers needed for LNG

Matt Mckenzie Matt Mckenzie
07 Nov 2019

The Conservation Council WA has ramped up its continuing criticism of the LNG industry, with a report released today arguing other parts of the state's economy will have an “impossible ask” to reduce emissions to compensate for recent petroleum developments assuming the national target is applied uniformly.

Mineral Resources

The power of money

Tim Treadgold Tim Treadgold
05 Nov 2019

OPINION: The investment opportunities offered by new energy models could change the debate over climate policy.

Clean Energy Finance Corporation

Feds switch lanes on energy

Matt Mckenzie Matt Mckenzie
04 Nov 2019

A $1 billion fund to subsidise grid reliability and an expert panel to review Australia’s emissions abatement program are signs the federal government might be rethinking its approach to climate policy.

Perth Energy

Perth Energy wins $4.5m gas contract

Jessica Mascione Jessica Mascione
22 Oct 2019

AGL Energy subsidiary Perth Energy has secured a $4.5 million three-year contract with the North Metropolitan Health Service, its biggest natural gas supply agreement with a state government agency this year.

Fortescue Metals Group

Fed govt backs Alinta-FMG power station

Mark Beyer Mark Beyer
18 Oct 2019

The use of renewable energy in the mining sector is being given a boost, with the federal government and Alinta Energy jointly funding a $200 million solar facility that will help to power Fortescue Metals Group’s iron ore mines.

Food & WineView all

Mata Design Studio

Kailis senses market movement

Matt Mckenzie Matt Mckenzie
30 Oct 2019

There’s a seismic shift happening in hospitality and Perth has an opportunity to become a culinary destination, according to George Kailis.

Chocolate artisan builds the brand

Matt Mckenzie Matt Mckenzie
22 Oct 2019

Coolbellup-based Nakamura Chocolates is aiming to triple Western Australian sales after a successful entry into the Japanese market.

Prominent Perth restaurateur accused of extortion

Adrian Rauso AAP
07 Oct 2019

The Perth restaurateur behind The Meatball Bar chain, Gourmet Republik, and Thuggs Fried Chicken and Waffles, is accused of threatening to destroy a man's cafe and put him "in a coffin" over some fruit and vegetables.

Department of Finance

Twenty-five businesses share $166m food contract

Adrian Rauso Adrian Rauso
02 Oct 2019

The Department of Finance has selected 25 businesses for its new common-use arrangement contract to supply food and beverage items to government agencies across Western Australia.

The British Sausage Company

WA wins big at national food awards

Adrian Rauso Adrian Rauso
25 Sep 2019

Bacon from Perth, coffee from Broome, pork from Fremantle, and nougat from the Swan Valley have all claimed awards at the 2019 Sydney Royal Fine Food Show’s Taste of Excellence event.

Special ReportsView all

Innovator of the Year 2019

Innovator of the Year 2019

07 November 2019

Business News takes a dive into the WA Innovator of the Year Awards 2019, profiling the companies behind glycine leaching, automated rigging, localised weed tilling and efficient bike storage.

Simple leaching solution wins for MPS

Simple leaching solution wins for MPS 

Jordan Murray 07 Nov 2019
Weedchipper a non-chemical, sustainable cropping solution

Weedchipper a non-chemical, sustainable cropping solution 

Jordan Murray 07 Nov 2019
Steadman rides to success as Steadyrack goes global

Steadman rides to success as Steadyrack goes global 

Jordan Murray 07 Nov 2019
Safety, efficiency seal Roborigger sweep

Safety, efficiency seal Roborigger sweep 

Jordan Murray 07 Nov 2019
Commercial Property 2019

Commercial Property 2019

04 November 2019

  • Optimism returning to office market as vacancies gradually fill
  • Rents starting to grow, incentives pulling back
  • Developers seeking new approvals to benefit from demand uptick
  • Chevron HQ construction to mark turning point in office sentiment

Office players lining up for next wave

Office players lining up for next wave

Dan Wilkie 04 Nov 2019
Primewest winning in tough IPO market

Primewest winning in tough IPO market

Dan Wilkie 31 Oct 2019
Environmental services

Environmental services

28 October 2019

• Big data for managing water, power use and geospatial services
• Sustainable tech businesses also include those focused on renewables and recycling
• Work picking up for environmental consultants is a good sign for the economy

Data helps drive optimal outcomes

Data helps drive optimal outcomes

Matt Mckenzie 28 Oct 2019
Consultants nurture growth opportunities

Consultants nurture growth opportunities

Matt Mckenzie 28 Oct 2019
Great for the State – Edition 8: Generosity & Giving

Great for the State – Edition 8: Generosity & Giving

22 October 2019

The 8th monthly edition of Business News' Great for the State has a focus on philanthropy. We profile some of the people and organisations who have made a big difference in Western Australia, and those set to have a large impact in future. These include:

Museum foundation sets big targets

Museum foundation sets big targets 

Mark Beyer 22 Oct 2019
Perron foundation set up for long-term future

Perron foundation set up for long-term future 

Mark Beyer 22 Oct 2019
Aikins brings gift for generating giving

Aikins brings gift for generating giving 

Mark Beyer 16 Oct 2019
From shale gas to philanthropy

From shale gas to philanthropy 

Mark Beyer 22 Oct 2019
View 5 more >>
ICT Infrastructure

ICT Infrastructure

21 October 2019

This feature analyses the growing debate over broadband services, as construction of the NBN approaches completion.
It also looks at WA data centres – while NEXTDC and Equinix are investing, Fujitsu has cancelled a planned upgrade.

Criticisms continue for NBN as rollout nears completion

Criticisms continue for NBN as rollout nears completion

Mark Beyer 21 Oct 2019
Data deployment shift as 5G nears

Data deployment shift as 5G nears

Mark Beyer 21 Oct 2019

MiningView all

Pilbara Minerals

Police investigate mine site death

Business News Business News
11 Nov 2019

Pilbara Minerals temporarily suspended its operations today after Homicide Squad detectives were called to investigate a suspicious death at its Pilbara lithium mine.

Perenti Global

Perenti shares slump after Africa attack

Jessica Mascione Jessica Mascione
07 Nov 2019

Perenti Global will reassess the security situation in the West African nation of Burkina Faso following a deadly attack on its employees and other local workers.

Bellanhouse Lawyers

Three WA explorers launch IPOs

Jessica Mascione Jessica Mascione
05 Nov 2019

Three Western Australian companies led by experienced mining executives are hoping to defy the slump in new stock market listings by launching initial public offerings over the past week.

Fenix Resources

Fenix releases positive feasibility study

Business News Business News
04 Nov 2019

Fenix Resources expects its high-grade Iron Ridge project in Western Australia to deliver strong returns, helped by its low development cost.

Macmahon Holdings

Macmahon, Newcrest reach Telfer agreement

Business News Business News
04 Nov 2019

Macmahon Holdings and Newcrest Mining have signed an agreement to increase the rates for Macmahon’s work at the Telfer gold project.

OpinionView all

Mark my words podcast

Mark Pownall Mark Pownall
Mark Beyer Mark Beyer
08 Nov 2019

PODCAST: Mark Beyer and Mark Pownall discuss ASX listings, including Danny Pavlovich's Nutrition Systems, Spudshed's growing profit, shopping centre developments, profit results for contractors Ertech and Georgiou, successful METS companies Hofmann Engineering and RCT, and our special report on the Innovator of the Year awards.

Exposure lifts lid on Chinese box

Mark Pownall Mark Pownall
06 Nov 2019

OPINION: China is developing even faster than some might realise, offering Aussie brands a big opportunity.

Mark my words podcast

Mark Beyer Mark Beyer
Mark Pownall Mark Pownall
01 Nov 2019

PODCAST: Mark Beyer and Mark Pownall discuss housing challenge, state stimulus, Primewest IPO, big mining royalties, lithium, tech incubator, and our special report on commercial property.

Committee for Economic Development of Australia

Labor resets, mines for votes

Peter Kennedy Peter Kennedy
01 Nov 2019

Labor has walked away from its planned major redistribution of income, and sought to clarify confusion over coal mining that cost it at the last federal poll.

Compelling business case for school connections

Gary Martin Gary Martin
31 Oct 2019

OPINION: Businesses that place emphasis on corporate social responsibility, or CSR, are attracting a growing share of consumer goodwill and spending.

RetailView all

Galati Group

Profit rockets at Spudshed

Matt Mckenzie Matt Mckenzie
01 Nov 2019

Profit has more than tripled at one of Western Australia’s most prominent family businesses, which controls the Spudshed chain of retail stores.

Betts Group

Betts pulls on boots for recovery

Matt Mckenzie Matt Mckenzie
31 Oct 2019

Shoe retailer Betts Group has returned to profitability after cutting nearly 130 stores in the past two years, and chief executive Danny Breckler is confident the business is now on the right path.

Super Retail sales rise but margin dips

AAP AAP
22 Oct 2019

The owner of Rebel Sport and Supercheap Auto says like-for-like sales have increased 3.2 per cent so far this financial year, but promotions to attract cautious consumers have hit margins.

Westpac

WA hospitality sector shows signs of resurgence

Adrian Rauso Adrian Rauso
03 Sep 2019

Western Australia has bucked the national trend and recorded a 0.6 per cent rise in retail spend for July, underpinned by gains in the hospitality sector, according to the latest data from the Australian Bureau of Statistics.

Automotive Holdings Group

AHG slumps to $233m loss

Adrian Rauso Adrian Rauso
23 Aug 2019

Automotive Holdings Group has suffered a loss of $232.6 million for the 2019 financial year, following major asset write-downs to its automotive and refrigerated logistics businesses during the period.

SkylineView all

Skyline
Property Council of Australia

Experts tip price growth for Perth housing

Skyline Skyline
25 Oct 2019

Perth has gone from being Australia’s least affordable city to the most - but it's ready for price growth, a Property Council WA lunch has heard.

Property Council of Australia

Property Council WA wins stamp duty relief

Skyline Skyline
25 Oct 2019

Property Council WA is counting the State Government’s rebates of up to $50,000 for off-the-plan apartments as a significant policy win.

Property Council of Australia

WA industrial players build on infrastructure momentum

Skyline Skyline
04 Oct 2019

As consumer demand changes, retail and logistics operations start to blur - with automated warehouses a notable aspect of the changing landscape.

Sheffield Property WA

Sub-lease office space in hot demand

Skyline Skyline
01 Oct 2019

Perth's office market is heating up, leading independent commercial property specialists Sheffield Property say.

Property Council of Australia

Glimmer of hope in WA house prices

Skyline Skyline
27 Sep 2019

Perth house prices have slumped over the past five years but positive signs are emerging for West Australian households, creating hope of a rebound in residential values.

Bulls N' BearsView all

Bulls N' Bears
Horizon Minerals

Horizon gets onto more gold near Kalgoorlie

Matt Birney Matt Birney
12 Nov 2019

Horizon Minerals has rounded off a drilling campaign at its Kalgoorlie gold project with results such as 12 meters grading 3.62 grams per tonne gold from just 28 meters downhole at the Capricorn prospect. At the historic Baden Powell North prospect, new intercepts include 5m going 2.67g/t from only 12m. With multiple processing facilities in the area, Horizon could even produce some quick and easy cashflows from Capricorn.

Big River Gold

Big River looks to cash in on “waste” mineral

Matt Birney Matt Birney
12 Nov 2019

Big River Gold said this week that a usually insignificant waste mineral known as “mica”, could potentially make the company some good money at its Borborema gold project in north-eastern Brazil. Perth-based consulting group, Wave, identified the potential to process and extract the mica minerals and sell them as a separate, commercially viable product. The micas make up approximately 30% of the volume of the Borborema deposit and carry half the gold grade.

Strike Energy

Is this Australia’s largest onshore conventional gas deposit?

Matt Birney Matt Birney
11 Nov 2019

Strike Energy is firing on all cylinders, tabling a maiden resource of a massive 1,185 billion cubic feet of 2C gas at its West Erregulla-2 well in the Perth Basin of Western Australia. Strike’s gas play is arguably Australia’s largest onshore conventional gas field and the company’s excitement is still building with multiple targets at West Errugulla underpinning the potential for the gas resource to grow even further.

Corizon

Coziron to drill Pilbara gold play after nugget find

Matt Birney Matt Birney
11 Nov 2019

Coziron Resources will soon be on the ground at its Croydon Top Camp project in WA’s Pilbara region, after expanding its gold target zone by re-assaying historic samples that peaked at 4.9g/t gold. The company has secured a rig and is preparing to drill approximately 2000m across some very prospective rock sequences, where a prospector recently recovered an astounding 203 gold nuggets in the area.

AVZ Minerals

Chinese to plough $14m into AVZ’s massive lithium play

Matt Birney Matt Birney
11 Nov 2019

AVZ Minerals’ quest to develop the giant Manono lithium project in the DRC has been given a major shot in the arm after it received $14.1 million from Chinese lithium chemical producer, Yibin Tianyi. The strategic investment, which could lead to an offtake agreement, will allow AVZ to increase its stake in the project and start early development works as it completes Manono’s definitive feasibility study.

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Most viewed people

Vernon Strange

Vernon Strange

Former Non-Executive Director, Southern Cross Goldfields

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Brett Fogarty

Founder, 3rd Wave Capital

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Danny Wallis

Founder, Chief Executive Officer, Managing Director, DWS Advanced Business Solutions

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Con Berbatis

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Thought LeadershipView all

HFW

Construction industry reforms – is compliant still compliant?

HFW HFW
07 Nov 2019

Builders, developers and consultants may all be at risk of legal action commenced as a result of the impending changes to building regulations.

Committee for Perth

Perth can be Singapore’s Playground

Marion Fulker Marion Fulker
07 Nov 2019

A lot has been said of late about increasing tourism as a means to diversify our economy and create more jobs.

Blackburne

Reshaping the future of Subiaco

One Subicao One Subicao
04 Nov 2019

Subiaco is no stranger to reinvention. 

Breaking the Mould on Gender Equality

Megan MacNeill Megan MacNeill
04 Nov 2019

On Tuesday 15th October, the RRR Network of WA celebrated the International Day of Rural Women with more than 130 people at the Perth Convention and Exhibition Centre to discuss Breaking the Mould on

Global ed-tech leader, crimson education, secures US$20m in series c funding round

Alex Cork Alex Cork
30 Oct 2019

October 16, 2019: Global edtech company Crimson Education, has completed an innovation-inspired Series C funding round, spearheaded by a US $10M investment from Hong Kong-based CTF (Chow Tai Fook) Education Group.