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

Corporate Finance DealsView all

Talga Resources

Talga raises $6m

Business News Business News
10 Dec 2019

Graphite explorer Talga Resources has raised $6 million from an oversubscribed share purchase plan, in excess of the $3 million target announced last month.

UON

Macquarie invests in WA energy company

Business News Business News
09 Dec 2019

Malaga-based UON has announced Macquarie Bank as a strategic investor of the company, as it looks to bring new technology and solutions to Western Australia’s mining sector.

GenusPlus Group

GenusPlus adds to growth with EC&M acquisition

Mark Beyer Mark Beyer
09 Dec 2019

Privately-owned contractor GenusPlus Group has completed its fifth acquisition in the space of two years, confirming today it has bought EC&M out of administration with plans to retain a small group of key staff to help rebuild the business.

Bethanie

Bethanie buys Subi, Como centres

Jessica Mascione Jessica Mascione
06 Dec 2019

Aged care and retirement living provider Bethanie has acquired Berrington Care Group's Subiaco and Como centres, which it expects to operate early next year. The sale comes five months after Berrington went into administration,

Salt Lake Potash

Salt Lake to raise $45.5m

Jessica Mascione Jessica Mascione
06 Dec 2019

Salt Lake Potash has secured further funding for the development of its Lake Way project in Western Australia after receiving commitments to raise $23.5 million from a share placement, along with a $22 million debt extension from Taurus Funds Management.

Politics & the EconomyView all

Hill resigns from $28m training fund

Mark Beyer Mark Beyer
06 Dec 2019

The chair of the Construction Training Fund has resigned 18 months before his term was due to expire, as the state government proceeds with changes to the fund's operation and governance.

WA worst for home loan debts

Jessica Mascione Jessica Mascione
05 Dec 2019

Western Australia recorded the highest mortgage delinquency rate in the year to May of 3.38 per cent, while the Australian average was 1.94 per cent, according to a report from Moody's Investors Service.

Work with us in Pacific, Belt and Road: China

Matt Mckenzie Matt Mckenzie
05 Dec 2019

Australia, China and the US can cooperate in the South Pacific on big data and in artificial intelligence, according to a visiting senior Chinese policy adviser, while encouraging Western Australia to get involved in the Belt and Road Initiative.

Lowe cautious on QE

Matt Mckenzie Matt Mckenzie
05 Dec 2019

Moves by the Reserve Bank to buy private assets or government bonds, known as quantitative easing, are unlikely in the near future, according to governor Philip Lowe.

Nahan to vacate Riverton in 2021

Matt Mckenzie Matt Mckenzie
03 Dec 2019

Former treasurer Mike Nahan will not re-contest his seat of Riverton at the 2021 state election, he announced today, about six months after leaving the role of opposition leader.

PropertyView all

Real Estate Institute of Western Australia

Data points to housing recovery

Dan Wilkie Dan Wilkie
12 Dec 2019

Fresh data on Perth’s residential property market points to a long-awaited recovery in 2020, with sales activity tracking higher in the second half of 2019 and supply starting to tighten across in-demand suburbs.

Quadrant lands in Joondalup with CBD buy

Dan Wilkie Dan Wilkie
11 Dec 2019

Property funds manager Quadrant Investments is evaluating its options to develop a prime site in Joondalup’s CBD, after it established a new fund to acquire the asset for $4.3 million.

Town of Mosman Park

Ellison to demolish $57m home

Mark Beyer Mark Beyer
10 Dec 2019

Ten years after paying a record WA price of $57.5 million for their Mosman Park property, mining magnate Chris Ellison and his wife Tia Ellison are planning to demolish the existing dwellings and build two new houses.

Primewest

Primewest fund in $47m sale

Business News Business News
09 Dec 2019

A fund managed by Primewest has sold a historic building and an adjoining eight-storey office tower in Brisbane’s CBD for $47.4 million.

Scentre Group

Scentre Group buys into Garden City for $570m

Dan Wilkie Dan Wilkie
06 Dec 2019

Garden City Booragoon will soon be rebranded as Westfield Booragoon, after Scentre Group acquired a half stake in the shopping mall from AMP Capital for $570 million.

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

Pathways for Perth producers

Madeleine Stephens Madeleine Stephens
11 Dec 2019

Filmmakers Lauren Elliott and Brooke Silcox followed similar, but unconventional, paths to establishing their own production companies, Galactic Baby and No Thing Productions.

Foundation Housing

Initiatives increase social housing

Madeleine Stephens Madeleine Stephens
11 Dec 2019

The government, community housing providers, not-for-profit sector and property industry are finding new ways to access funding to build new social and affordable housing, but the community housing sector is still looking for additional funds.

WA Council of Social Service

Community services organisations campaign for more funding

Madeleine Stephens Madeleine Stephens
06 Dec 2019

Community services organisations have launched the #YourHelpWA campaign asking the state government for 20 per cent more funding to help vulnerable and at-risk people.

City of Perth

Templeman forms culture taskforce

Jordan Murray Jordan Murray
05 Dec 2019

Culture and the Arts Minister David Templeman has announced the formation of a cultural precinct taskforce, ahead of WA Museum’s reopening in late 2020.

Committee for Economic Development of Australia

Push for better data to inform social policy

Madeleine Stephens Madeleine Stephens
02 Dec 2019

The Committee for Economic Development of Australia puts data and evidence at the heart of a strategy to tackle social disadvantage in Australia, but those on the frontline argue solutions should also come from the community.

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

Synergy

WA alone in power price surge

Matt Mckenzie Matt Mckenzie
09 Dec 2019

Western Australia is the only Australian state expecting an increase in power prices during the next three years, according to new modelling out today, which could put pressure on the state government to introduce further competition to the electricity sector.

Environmental Protection Authority

EPA revises greenhouse gas policy

Jessica Mascione Jessica Mascione
09 Dec 2019

The Environmental Protection Authority has released a new draft greenhouse gas emissions guideline, which substantially softens the initial draft guideline announced earlier this year.

Horizon Power

WA women take senior board roles

Madeleine Stephens Madeleine Stephens
04 Dec 2019

Five Western Australian women have been appointed to senior board positions, including Marion Fulker joining the Infrastructure Australia board and Samantha Tough chairing Horizon Power.

Strandline Resources

LNG trucking for Strandline power

Matt Mckenzie Matt Mckenzie
03 Dec 2019

Woodside Petroleum and power contractor EDL will team up for a 27-megawatt gas and renewable microgrid to be built at Strandline Resource’s Coburn mineral sands project, which will include trucked LNG.

Gold Fields

$112m renewables project hits milestone

Mark Beyer Mark Beyer
22 Nov 2019

Mining company Gold Fields and energy producer EDL have completed the first stage of a renewable energy project that will eventually see wind and solar deliver half the power needs of the Agnew gold mine.

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

Family business dynasties

Family business dynasties

09 December 2019

A series of recent acquisitions has the Yukich family poised to become one of the state’s biggest players in hospitality, fine food and wine.

Yukich family tops taste test

Yukich family tops taste test

Dan Wilkie 09 Dec 2019
CEO salary survey

CEO salary survey

02 December 2019

Our comprehensive annual survey of executive remuneration shows wide variation across companies

WA companies use mix of pay strategies

WA companies use mix of pay strategies

Mark Beyer 02 Dec 2019
Equity deals deliver big rewards

Equity deals deliver big rewards

Mark Beyer 02 Dec 2019
Inclusive workplaces

Inclusive workplaces

27 November 2019

With Australia’s rate of disability employment stagnating, Business News spoke to businesses and people with disabilities to find out how to improve participation and be more inclusive.

Getting to work on abilities

Getting to work on abilities

Madeleine Stephens 27 Nov 2019
Tool helps firms open up job opportunities

Tool helps firms open up job opportunities

Madeleine Stephens 27 Nov 2019
Fund Managers

Fund Managers

19 November 2019

With uncertainty surrounding global share markets, Business News has taken a close look at the strategies of six Perth-based fund managers.

Fund managers offer strategy options

Fund managers offer strategy options

Mark Beyer 18 Nov 2019
Great for the State – Edition 9: Time & Place

Great for the State – Edition 9: Time & Place

18 November 2019

The Indo-Pacific is undergoing profound development, and WA is positioning itself to contribute with our resources, food, education and as a destination.

Boom brings mutual benefit

Boom brings mutual benefit 

Matt Mckenzie 19 Nov 2019
Gearing up for Indo-Pacific’s bright minds

Gearing up for Indo-Pacific’s bright minds 

Matt Mckenzie 19 Nov 2019
Seven developments that built brand Perth

Seven developments that built brand Perth 

Matt Mckenzie 19 Nov 2019
From ocean to plate, it’s favoured in Asia

From ocean to plate, it’s favoured in Asia 

Matt Mckenzie 19 Nov 2019
View 4 more >>

MiningView all

Uyghur activist’s chilling warning on China

Matt Mckenzie Matt Mckenzie
04 Dec 2019

Australia needs to consider its trading relationship with China in light of alleged human rights violations against tens of thousands of the Uyghur ethnic minority, community representative Rushan Abbas said at a media briefing organised by the US consulate.

Metals X

Metals X gets new chairman, MD to leave

Mark Beyer Mark Beyer
03 Dec 2019

Metals X has announced a sweeping board restructure after last week’s closure of the Nifty copper mine, with three directors resigning and APAC Resources nominee Brett Smith joining, just two months after he was rejected by the incumbent board.

Agrimin

Agrimin, Mitchell form JV

Mark Beyer Mark Beyer
03 Dec 2019

Experienced trucking operator Craig Mitchell has formed a logistics joint venture with aspiring sulphate of potash producer Agrimin, seven months after he reached a similar agreement with budding iron ore miner Fenix Resources.

BHP

Autonomy, big data driving resources revolution

Matt Mckenzie Matt Mckenzie
28 Nov 2019

A move to use lasers to perfectly load rail cars is worth about $300 million to BHP and is an example of how the area around the town of Newman is world class in applying technology to resources.

Rio Tinto

Rio to invest $1bn in Pilbara mine

Jessica Mascione Jessica Mascione
27 Nov 2019

Rio Tinto has approved a $1 billion investment in its Pilbara iron ore operations, including the rollout of more autonomous trucks, on the same day the state government urged Canberra to support changes designed to fast track approvals for major resources projects.

OpinionView all

Keystart’s investment future

Mark Pownall Mark Pownall
12 Dec 2019

OPINION: The impact of helping people into the housing market is invaluable.

Micro-aggressions metastasise

Gary Martin Gary Martin
11 Dec 2019

School leaders usually agree to disagree on many thorny education issues but are united in their view that schools must be places where children and young adults can learn and develop without fear of discrimination and harassment.

Department of Communities

Seat changes add uncertainty

Peter Kennedy Peter Kennedy
10 Dec 2019

OPINION: The state’s electoral redistribution commissioners shouldn’t expect Christmas cards from opposition leader Liza Harvey, former Labor minister Margaret Quirk or the first-term member for Joondalup, Emily Hamilton.

Qantas

Tech tensions offer opportunity

Kate Raynes-Goldie Kate Raynes-Goldie
09 Dec 2019

The tech sector continues to shift through the gears as 2020 approaches, hurtling society towards an increasingly complex, digitised and mediated world.

Mark my words podcast

Mark Beyer Mark Beyer
Mark Pownall Mark Pownall
06 Dec 2019

PODCAST: Mark Beyer and Mark Pownall discuss economic data, housing stimulus, property prices, Garden City, new hotel developments, mining IPOs, Deborah Terry, accounting rankings and our special report on WA dynasties.

RetailView all

Fashion Council WA

Administration, restructure planned for Fashion Festival

Matt Mckenzie Matt Mckenzie
19 Nov 2019

The entity which ran the Perth Fashion Festival for 20 years, before operations were passed to the Fashion Council WA, has entered administration owing $819,000, with owners Mariella Harvey-Hanrahan and Tony Sage planning a deed of company arrangement.

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.

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

Property Council WA praises revised City of Perth population targets

Skyline Skyline
05 Dec 2019

The City of Perth’s decision to more than double its residential population targets to 90,000 will help central Perth reach its potential.

Property Council of Australia

Drone delivery poses new challenges for WA industrial players

Skyline Skyline
13 Nov 2019

A panel of experts has told a Property Council WA event that drone delivery is closer to becoming a reality - and will require a re-think from planners.

Sheffield Property WA

Perth's newest commercial hub launches at Murdoch Health and Knowledge Precinct

Skyline Skyline
12 Nov 2019

Sheffield Property are calling for expressions of interest in Western Australia’s most dynamic new office space, in Perth’s fast-growing southern corridor.

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.

Bulls N' BearsView all

Bulls N' Bears
Image Resources

Image nails new 40km long mineral sands horizon

Matt Birney Matt Birney
12 Dec 2019

Active minerals sands miner, Image Resources, may have found a new, 40 kilometre long shoreline trend running both west of and parallel to its current zircon-rich Boonanarring heavy minerals ore reserves in Western Australia. The company has been busy with the drill rig throughout 2019 as it goes about upgrading Boonanarring’s proven reserves of 9.3 million tonnes at 8.6% heavy metals and its probable reserves of 10.5Mt at 5.9% HM.

PharmAust

PharmAust grows network for dog anti-cancer drug trials

Matt Birney Matt Birney
11 Dec 2019

PharmAust has expanded its national network of participating veterinary and university institutions who will join the ASX-listed biotech’s anti-cancer crusade for dogs. With the pace of phase II clinical trials for its promising “Monepantel” anti-cancer treatment projected to rise, the company is looking to impact K9 – and possibly even human – cancers. Phase I trials were very positive, with a notable reduction in cancerous tumours and prolonged lifespans.

Venus Metals Corporation

Prominent QLD mining veteran pumps $4m plus into Venus

Matt Birney Matt Birney
11 Dec 2019

Multi-commodity explorer, Venus Metals, has received a vote of confidence from Queensland multi-millionaire and veteran coal miner, Christopher Wallin, who has ploughed $4 million into the company at 20 cents a share. The investment gives Mr Wallin, one of Australia’s top 50 richest people, a substantial 17.25% stake in the Perth based ASX-listed company as it attempts to unlock some riches in the Youanmi mineral province in WA.

TNG

TNG vanadium offtake book full at NT project

Matt Birney Matt Birney
11 Dec 2019

TNG Ltd has signed a binding agreement with major global commodity trader for the offtake of 40% of the vanadium pentoxide products from its flagship Mount Peake vanadium-titanium-iron project in the NT. The company already has a binding offtake agreement with South Korea’s Woojin for at least 60% of the project’s vanadium output and a binding term sheet with Gunvor for its iron products.

Neometals onto broad nickel sulphides at Widgie South

Matt Birney Matt Birney
11 Dec 2019

Neometals has added some serious length and width to its Widgie South nickel trend at the Mt Edwards project near Widgemooltha, in the first serious drill campaign to hit the area since 2008. Best intercepts include 16 metres grading 1.45% nickel and 21 metres grading 1.05% nickel. Narrow high-grade nickel zones in the broader intercepts ran up to 4.79% over two metres and 2.42% over four metres.

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JoAnn Theriault

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Thought LeadershipView all

How Vulcan is helping to create a zero carbon future

Jonathan Jackson Jonathan Jackson
02 Dec 2019

Located at the heart of the European auto and lithium-ion battery industry, ASX listed Vulcan Energy Resources (ASX:VUL) is working to bring “Zero Carbon” lithium to Europe’s electric vehicle (EV) sup

Blackburne

Subiaco a drawcard for investors

ONE Subicao ONE Subicao
21 Nov 2019

An influx of new property projects has put Subiaco back on the map. 

APIL Group

APIL Reaches $1.0Billion Property Fund Milestone

APIL APIL
21 Nov 2019

Perth-based Australasian Property Investments Limited is sizing up opportunities in the industrial market, launching a new syndicate targeting $125 million worth of properties.

WCA Solutions

How good is your employee relations strategy?

Marija Vujcic Marija Vujcic
14 Nov 2019

When resource projects get the green light everyone in the community directly or indirectly benefits.  Although the construction phase is short lived; the new resource projects generate huge benefits

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.