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

Corporate Finance DealsView all

Western Force prospectus hits market

Western Australia's only rugby union team is calling on the public to purchase shares in the club after releasing a prospectus today, in what it has called a "last call" to save it from being cut from the Super Rugby franchise.

Alara signs copper offtake agreement

Perth-based explorer Alara Resources has signed an offtake agreement for copper from its Al Hadeetha project in Oman, with the deal including a $US6 million ($A7.8 million) pre-payment.

Pharmanet to relist as gold company

Dormant Perth-based biotech company Pharmanet Group will re-emerge as a gold explorer after entering into an agreement to acquire Keras Australia by way of a reverse takeover.

Carnegie raises funds for solar power project

Carnegie Clean Energy has announced plans to raise up to $6 million to fund its share of the development costs of the $20 million Northam solar power project.

Emeco taps market for $20m to fund merger

Heavy equipment supplier Emeco Holdings has launched a fully underwritten $20 million capital raising to fund its three-way merger with east coast companies Orionstone and Andy's Earthmovers.

Most CommentedView all

Accelerator expectations need to be slowed

OPINION: Startup accelerators hope to beat the odds on the pathway to success, but the numbers suggest that even the 'experts' can't pick winners.

Halting Roe 8 not justified: Jacob

Western Australia's environment minister says there is no justification to stop work on the Roe 8 project, despite a Senate inquiry saying the Commonwealth should suspend approval for it.

WA Treasury confirms Liberal costings

Treasury costings of the Liberal Party's campaign promises have shown the estimates to be reasonable, with the Liberal's plan showing the state getting back to a small surplus in 2019-20.

Wyatt gets energy plus treasury

Premier-elect Mark McGowan has given added responsibilities to incoming treasurer Ben Wyatt, while Rita Saffioti, Paul Papalia, Peter Tinley and Alannah MacTiernan have been given key economic portfolios.

TFS rejects Ponzi claims

Indian sandalwood producer TFS Corporation has blasted US-based short-seller Glaucus Research Group for a scathing report which accused the Perth company of operating a Ponzi-like business structure.

Politics & the EconomyView all

WA regional travel down

Air travel from Perth to Broome and Perth to Karratha fell dramatically in January compared to the same month in 2016, according to the latest data by the Bureau of Infrastructure, Transport and Regional Economics.

Foster moves into Premier & Cabinet

A former chief of staff to Premier Mark McGowan has been seconded to a senior role in the Department of the Premier and Cabinet, triggering speculation he may become the next director general, putting him at the centre of government power.

City of Perth $500k audit 'waste': McGowan

Premier Mark McGowan has urged the controversy-plagued City of Perth to not waste money on a $500,000 audit of its entire operation as his government contemplates sacking the council.

McGowan calls for PM 'backbone' on GST

Premier Mark McGowan has urged the prime minister to show some backbone and change the GST carve-up, saying agreement with all other state and territories is not necessary.

Tinley loses mines portfolio

Premier Mark McGowan has been forced to reshuffle his cabinet just four days after his ministers were sworn in, with Labor state president Peter Tinley losing the mines and petroleum portfolio.

Upcoming Business News EventsView all

BelleVue Ballroom, Perth Convention & Exhibition Centre - 06 April 2017
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PropertyView all

Access, interaction key features of Aloft offering

One of the newest entrants to Perth's hotels sector is promising a radically different approach to hospitality. 

Engineering group grows into new office

MSP Engineering has established a new headquarters in West Perth to cater for a bigger workforce as it builds a $400 million lithium processing plant in Kwinana.

RBA warns of rising risk in housing market

The Reserve Bank of Australia says there is reason to believe commodity prices could rise higher than expected but is concerned about increasing risks in the housing market.

London calling for office tenants

Office landlord Hawaiian's refurbishment program at London House has paid dividends, with three new tenants taking space in the 18-level St Georges Terrace building in the past three weeks.

Brookfield confirms Westpac as Tower 2 tenant

Banking giant Westpac has been confirmed as the newest tenant for Brookfield Place Tower 2, as one of the city's newest office towers moves towards full occupancy.

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

Cafe serves Cat Haven support

The founders of local social enterprise Cat Cafe Purrth are hoping to open two more cafes later this year, thanks to the appeal of the business's cat, coffee and cake combination.

CEO lunch with Carolyn Chard

With WA Opera turning 50 this year, Business News sat down to lunch at Julio's with its general manager, Carolyn Chard.

Artist in residence with Johannes Pannekoek

The decision to sell his commercial business was the first of many steps into the unknown Johannes Pannekoek has taken in his pursuit of a career in art.

From vineyard to catwalk, sparkling couture

When Gary Cass spoiled a vat of wine by accidentally flooding it with oxygen ar a South West vineyard more than 20 years ago , he noticed a textile-like substance had developed inside the container

Small festival and pop-up bar push for WA

A Labor government would aim to cut red tape so more micro-festivals could be held across Western Australia, according to party leader Mark McGowan, but the Liberals say changes to deregulate the liquor industry are already under way.

EnergyView all

Long-term potential for biogas, hydrogen as domgas

Biogas and hydrogen could be injected into distribution networks to partially replace natural gas for use by industry and households within decades, according to a report released today b

Chevron boss warns against political threats

Chevron managing director of Australasia Nigel Hearne has confirmed a fourth LNG train at the Gorgon project won't be happening in the near term, while calling on governments not to buckle to calls for higher taxes and increased regulation that will reduce competitiveness of the industry.

Inpex to have name up in lights under new lease deal

Oil and gas giant Inpex will hang its logo 24 storeys above the Perth CBD, after confirming it will stay put at 100 St Georges Terrace, one of two new leases covering 20,000 square metres in the ISPT-owned building.

Carnegie to build $20m solar power station

Renewable-focused Carnegie Clean Energy has announced it is developing a $20 million, 10-megawatt solar power station in Northam, which it says will generate enough electricity to power 4,000 homes for 25 years.

Inpex seeks redeployment for Laing's workers

The developer of the Ichthys LNG project has moved to assure the 800 workers affected by Laing O'Rourke's ejection from site that it would redeploy as many as it could to keep construction going.

"Mark My Words" PodcastsView all

20 March 2017

Royal Flying Doctor Service WA CEO Grahame Marshall talks to Business News head of content Mark Pownall about his career shift to head a not for profit six years ago and what he has learned on that journey, with an organisation that reaches every corner of our vast state.

17 March 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss the new state government, Alinta Energy, domgas and ICT.

10 March 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss 40under40, hotel room rates, Brett McKeon and the state election.

03 March 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss WA growth, Crown jobs, penalty rates and tourism.

24 February 2017

In this Business News podcast, Mark Pownall and Dan Wilkie discuss election promises, South Perth, mining raisings, Richard Goyder and mining services.

Food & WineView all

Chains serve up $30m 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.

Bars, brewers keep up the craft work

A new wave of beer-focused venues is driving the continued evolution of Perth's small bar scene.

Many cooks make for great events

PHOTO ESSAY: Whoever coined the phrase 'too many cooks spoil the broth' clearly didn't work in a commercial kitchen catering for large events. 

Special ReportsView all

40under40 2017

40under40 2017

09 March 2017

Jahna Cedar leads next crop of entrepreneurial young leaders.

Cedar repositions Gumala for growth
Azimi works to plant positive seeds
Pfleger taking medical research out of the lab
Santa Maria creates commercial gains
Private business 2017

Private business 2017

20 February 2017

Rinehart business to become state’s largest
Professional services 2017

Professional services 2017

13 February 2017

Legal sector shake-out continues

Law firms grapple with market shift

MiningView all

OECD calls on China to cut steel capacity

Almost 500,000 workers would need to be laid off in China's steel industry by 2020 to reduce excess capacity, according to a report released by the international Organisation for Economic Cooperation and Development this week.  

Cash to lead Millennium

Local gold miner Millennium Minerals has found an internal candidate to replace outgoing chief executive Glenn Dovaston, who has resigned after two years at the helm.

Gascoyne, Intermin reach milestones

Perth-based gold juniors Gascoyne Resources and Intermin Resources have both reached milestones, with Gascoyne earmarking GR Engineering Services for construction of processing infrastructure while Intermin has achieved first production.

Court rejects Mesa shareholder claims

A major shareholder in failed manganese company Mesa Minerals has lost its bid to have administrators replaced after the Supreme Court ruled there was no evidence of bias between Pitcher Partners and Mesa's largest stakeholder, Mineral Resources.

Doray appoints new COO

Doray Minerals chief operating officer Peter Bamford has become the latest senior departure from the firm, following the recent exit of its CEO and chairman.

OpinionView all

This week's property round-up

OPINION: Sales activity experienced a contraction over the week, with Reiwa members reporting a decrease in weekly sales to 650.

Stokes rides renewed yellow goods surge

OPINION: Western Australia has a new billionaire, or to be completely accurate, it has an old billionaire who has made another billion dollars over the past 12 months without anyone really noticing.

Grylls’ courage not enough

OPINION: There is no denying that Brendon Grylls has left his mark on Western Australian politics.

Mark my words podcast

In this Business News podcast, Mark Pownall and Mark Beyer discuss the new state government, Alinta Energy, domgas and ICT.

Pay structure a matter of trust

OPINION: The argument about penalty rates has an echo at the other end of the pay scale.

RetailView all

Slow return for retail sales

A recent report by professional services firm Deloitte Access Economics suggests retail spending could be slowly picking up in Western Australia, with recent official data finding sales grew 0.3 per cent in January after seasonal adjustment.

Old UK homes an opportunity for Bunnings

Old houses in Britain and Ireland are a key reason home improvement giant Bunnings expects its UK expansion to be a success.

SUVs still more popular in declining market

The pickup in the state's economy revealed in the latest GDP data hasn't flowed through to spending on new cars, with vehicle sales in February 13.7 per cent lower than the same month in 2016.

Customer focus keeps Camera Electronic in the picture

At a time when bricks and mortar retailers are facing an online onslaught, and with just about every person on the street having a camera in their pocket, Camera Electronic is fighting back, opening a new store in the CBD.

Profit down for auto dealer AHG

West Perth-based Automotive Holdings Group has predicted the state's automotive market will remain challenging in the short term, as the company reported a 20 per cent fall in net profit after tax in the six months to December.

Most viewed people

Rita Saffioti

Rita Saffioti

MLA - West Swan, Parliament of WA
Member, Australian Labor Party WA
MLA, West Swan District
Minister for Transport, Planning, Lands, Parliament of WA
Minister for Planning, Department of Planning
Minister for Transport, Department of Transport
Minister for Transport, Main Roads Western Australia
Minister for Transport, Public Transport Authority of WA

Ian Hobson

Ian Hobson

Chief Financial Officer, Vital Metals
Company Secretary, Kunene Resources
Company Secretary, Neptune Marine Services
Company Secretary, Sun Biomedical
Non-Executive Director and Company Secretary, Castle Minerals
Company Secretary, ePAT Technologies
Company Secretary, Dubber Corporation

Bill Johnston

Bill Johnston

MLA - Cannington, Parliament of WA
Member, Australian Labor Party WA
MLA, Cannington District
Minister for Mines and Petroleum, Asian Engagement, Electoral Affairs, Commerce and Industrial Relations, Parliament of WA
Minister for Commerce, Department of Commerce
Minister for Commerce, Department of the Registrar Western Australian Industrial Relations Commission
Minister for Housing, Housing Authority

Mark McGowan

Mark McGowan

MLA - Rockingham, Parliament of WA
Leader, Australian Labor Party WA
MLA, Rockingham District
Premier, Minister for Public Sector Management, State Development, Jobs and Trade, Federal-State Relations, Parliament of WA
Premier, Department of the Premier and Cabinet
Premier, Public Sector Commission

Peter Cash

Peter Cash

General Manager of Corporate Development, Chief Executive Officer (from 2017), Millennium Minerals

Thought LeadershipView all

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.

Where is Perth’s next “Tourism Hotspot”?

It was just over a year ago that Tourism Australia launched its $40 million campaign "There's Nothing like Australia" highlighting the country's world-class coastal experiences and showcas

Making technology work for you in the 21st century

Technology is changing the world, but has it changed the way you do business?

Uber Engineers? A reset of the sector but maintaining the balance.

Welcome into the year of 2017 where we are back at the early stages of a new commodities cycle, or so we are led to believe.