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

Corporate Finance DealsView all

Silver Lake sells Murchison assets to Westgold

Silver Lake Resources has announced the sale of its remaining interests in the Murchison region to Metals X spin-out Westgold Resources in a cash-and-shares deal worth $10 million.

Brierty signs facility deal with Bankwest

Brierty has signed a new facility and debt restructure agreement with Bankwest that is conditional on the company's rectification plan at Rio Tinto's Western Turner Syncline project being approved by the iron ore miner.

Calidus debuts on ASX

Gold-focused Calidus Resources has begun trading on the ASX after raising $7.8 million from investors and completing a reverse takeover of biotech company Pharmanet Group.

Dreamscape buys Singapore firm for $30m

ASX-listed tech firm Dreamscape Networks has entered into an agreement to acquire a Singapore-based hosting and domain services business for about $30 million in cash and scrip.

APA Group to power Gruyere

APA Group will construct a new $180 million gas pipeline and power station to provide energy to Gold Road Resources' Gruyere gold project near Laverton.

Most CommentedView all

Relentless dismantling of traditional retail

ANALYSIS: The point of no return may have already been reached for bricks-and-mortar retailers struggling to compete with the online experience. 

New Business News CEO

Mark Pownall will become CEO at Business News from the start of the new financial year, replacing Charlie Gunningham, who has been at the helm for four years.

WA holds all the cards on energy

OPINION: Western Australia has always been different to the rest of the nation, and not often to its advantage, as the ongoing dispute over the GST demonstrates.

Households, miners to pay an extra $334m

The state government has lifted an array of fees and charges as it seeks to address its budget woes, with iron ore exporters in the Pilbara and electricity consumers facing the largest increases.

State government still plans to win ships work

The state government will appoint a defence advocate to lobby Canberra to win work slated for South Australia.

Politics & the EconomyView all

SA bank levy attractive: Wyatt

State Treasurer Ben Wyatt says the South Australian government's controversial bank levy is an attractive option and he'll watch with interest ahead of delivering his own budget in September.

Households, miners to pay an extra $334m

The state government has lifted an array of fees and charges as it seeks to address its budget woes, with iron ore exporters in the Pilbara and electricity consumers facing the largest increases.

Call for six-month Scaffidi suspension

Perth Lord Mayor Lisa Scaffidi has not demonstrated any insight into her wrongdoing or indicated she won't fail to disclose gifts again, the State Administrative Tribunal has heard.

McGowan slashes skilled migration jobs

The state government has slashed the number of occupations on the skilled migration list from 178 to just 18 in a bid to promote more local jobs and prevent an oversupply of overseas workers.

Unemployment falls again in WA, nationally

An unexpected surge in full-time employment has driven Australia's jobless rate to a four-year low, meaning a Reserve Bank interest rate cut is now off the table, economists say.

Upcoming Business News EventsView all

Beaumonde On The Point (upstairs ballroom and function centre), 306 Riverside Drive, East Perth - 28 June 2017
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PropertyView all

Busselton pub sold to Charter Hall fund

One of institutional property group Charter Hall's investment funds has bought The Ship Inn in Busselton, part of a $23.2 million sale and leaseback deal with Australia's biggest pub owner, ALH Group.

Rooftop pool goes in at Park Regis

Aqua Technics has installed a free-standing composite pool on the roof of the Park Regis Hotel in Subiaco, saying this technique delivered big time savings for Cooper & Oxley Builders.

Perth property plunge not over yet

Property analyst BIS Oxford Economics believes there is limited upside for residential property in Perth and says the market has yet to bottom out, contrary to the widely held view that the worst is over for Perth homeowners.

Aspen lands $28m industrial estate deal

Aspen Group has announced an agreement to sell its Spearwood Industrial Estate, leaving only a single asset in its portfolio that isn't a holiday park or an accommodation village.

Outback Trust investors face uncertainty

Perth entrepreneur Craig Mitchell and property funds manager Angelo Del Borrello are facing off over the future of four large roadhouses in northern WA, with the outcome having a big bearing on investors who pumped $22.5 million into four related property trusts.

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

Chequered past motivation for new career

Perth entrepreneur Paris Mitchell has packaged his past experiences with addiction and substance abuse into a series of educational presentations and workshops for schools, not-for-profit agencies and corporates.

BDO dons purple bras for good cause

More than a dozen partners from BDO will wear purple bras over their corporate attire this Wednesday in support of Breast Cancer Care WA's annual Purple Bra Day, in the hope of raising at least $10,000 for the charity's services. 

Artist in residence with Jarrad Seng

Whether he's taking photos of baby leopards in Namibia or of acclaimed musicians performing to packed stadiums all over the world, award-winning photographer, filmmaker, and creative director Jarrad Seng has turned what was a hobby into a fulfilling career.

RFDS opens new facility

The Royal Flying Doctor Service officially opened its new aviation and engineering facility this morning, which was funded by a $3.9 million Lotterywest grant and donations from Western Australians.

SOS, website have the goods on giving

Local charities and corporates are turning to an online platform to more efficiently source and gift items for people in need.

EnergyView all

Hunt appointed as AGL chairman

AGL Energy has appointed non-executive director Graeme Hunt to take over as chairman when Jerry Maycock retires.

Rooftop solar changing energy market

Rooftop solar panels cut peak electricity demand last summer by 7 per cent and their growing popularity is reshaping consumption patterns, potentially at higher cost to electricity generators, a new report has found.

PM urged to pull party into line on energy

Prime Minister Malcolm Turnbull will face a showdown over the merits of a proposed clean energy target when government MPs meet tomorrow.

Woodside fears Senegal development delay

Woodside Petroleum says its joint venture partner at the SNE oilfield offshore Senegal, FAR, has declined to support a transition for the energy giant to eventually take over as operator of the operation.

Regulator gives AGL, Origin green light

East coast-based companies AGL Energy and Origin Energy have received approval to enter Western Australia's domestic gas market, where they will join Wesfarmers subsidiary Kleenheat and Alinta Energy.

"Mark My Words" PodcastsView all

23 June 2017

In this Business News podcast Dan Wilkie and Mark Beyer discuss the state budget, fees and charges, skilled migration, the outlook for Perth property, new mining projects, the roadhouse blues, and indigenous business.

16 June 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss resources contracts, unemployment, solar power, BHP, CEO sleepout and apartment developments.

09 June 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss the Access Economics report, mining development activity, WA’s civil infrastructure projects …. and BN’s new CEO.

 

02 June 2017

In this Business News podcast Mark Pownall and Dan Wilkie discuss builder collapses, Wesfarmers leadership, CEO salaries, distilleries and breweries.

26 May 2017

In this Business News podcast Mark Pownall and Dan Wilkie discuss Forrest’s donation, Midland Gate expansion, investing in man caves and ICT for small business.

 

Food & WineView all

Claremont tops for amenity

Theoretically speaking, office workers in Subiaco have to wait about seven times as long as their Claremont counterparts for a morning coffee, an analysis of amenity levels across 50 suburban office markets has revealed.

Poach Pear plates up to meet demand

A fine foods producer is extending its offering across Australia to satisfy a growing appetite for its artisanal products. 

Brand focus for brewers as market gets crowded

SPECIAL REPORT: Brewers are increasingly focusing on branding to stay relevant in a rapidly evolving craft scene.

Artisans distil spirits’ true essence

SPECIAL REPORT: WA distillers are poised at the forefront of the next big movement in boutique beverages.

Crowdfunding, saucy branding add spice to Bunsters exports

A distinctive recipe, creative product name and a viral crowdfunding campaign have been the key ingredients of success for a local hot sauce business.

Special ReportsView all

Apartments advantage

Apartments advantage

19 June 2017

Opportunities arise amid dearth of new projects

Supply issues likely for apartments
South Perth shines light on city-wide planning problems
Infrastructure projects 2017

Infrastructure projects 2017

12 June 2017

Contractors face unique local challenges
Labor resets infrastructure priorities
Crafting a legacy

Crafting a legacy

06 June 2017

Distillers, brewers help WA lead the way in boutique beverages

Artisans distil spirits’ true essence
Brand focus for brewers as market gets crowded

MiningView all

Pilbara Minerals board approves Pilgangoora

Pilbara Minerals will soon begin constructing its Pilgangoora lithium project after its board this morning gave the green light for the $214 million development.

Iluka flags impairment, mining restart

Perth-based Iluka Resources plans to put its Hamilton mineral separation plant in Victoria on care-and-maintenance status, resulting in a $150 million pre-tax impairment charge in its half-year accounts.

Brierty confirms contract suspension

Brierty announced today that its $300 million mining contract at Rio Tinto's Western Turner Syncline project, which was undertaken in partnership with three indigenous contractors, has been suspended.

Atlas puts Corunna Downs plans on hold

Atlas Iron has put plans to develop its Corunna Downs iron ore project on ice, but will maintain production for FY18 by increasing output at its Mt Webber operation.

Uranium projects avoid state ban

The state government has been condemned by conservation groups for allowing four uranium projects with existing approvals to be developed.

OpinionView all

Mark my words podcast

In this Business News podcast Dan Wilkie and Mark Beyer discuss the state budget, fees and charges, skilled migration, the outlook for Perth property, new mining projects, the roadhouse blues, and indigenous business.

Cashie maintains lucrative allure

OPINION: Everyday Aussies feel gypped when big business doesn't seem to pay its 'fair' share of the tax burden, which may help explain the attraction of the cash economy.

Bank on gold, London to a brick

OPINION: A slide in the value of the $A against the greenback could be a positive for gold. 

Inconsistency on asset sales

OPINION: The government seems to be having a bet each way in terms of privatising its revenue-generating assets.

New party puts GST front and centre

OPINION: The formation of the Put Western Australia First Party has raised the stakes over tax reform, with the Liberals and Labor on notice that Senate seats may come under threat unless something tangible is done to resolve the GST impasse.

RetailView all

Grocery prices are crazy: Coles boss

Australia's food and grocery prices have to come down further because they are "crazy" compared to the rest of the world, Coles managing director John Durkan says.

WA car sales show first improvement in years

New car sales in Western Australia grew on a monthly basis for the first time in four years in May, but the upswing still falls well short of the slide in sales for the year to date.

CEO lunch with Michael Chaney

Business News sat down to lunch at Julio's with Michael Chaney to discuss his career at Wesfarmers and beyond.

New target for remuneration

The salary package for Wesfarmers' new managing director acknowledges the reality that many large companies pay big annual bonuses every year.

Wesfarmers could be most exposed to Amazon

Amazon poses the biggest threat to Wesfarmers' discount department stores Kmart and Target rather than specialty retailers like JB Hi-Fi, investment bank Morgan Stanley warns.

Thought LeadershipView all

What’s on every CIOs mind? Cloud and Mobility

Although cloud computing has been around for over a decade, for most people outside of the tech industry, it will feel like a relatively new concept.

Is the meat in the sandwich? – The Pay and Performance Discussion.

Employees seek reward for their efforts and so regular pay reviews are an important element for any organisation to ensure employees maintain an appropriate level of remuneration.

Future-proofing business through innovation

CommBank's 21 Day Change Challenge helps businesses face change and innovate day to day operations to meet challenges and take advantage of opportunities.

Business bankers strategic partners for challenges and change

Commonwealth Bank has transformed business banking to help small to large enterprises face emerging challenges and opportunities