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

26 Jul 2017

Treasurer Ben Wyatt has all but ruled out the introduction of a bank tax in the September budget but has kept the option open for a future decision, while the industry has called on the state government to protect Western Australia’s economic growth by not bringing in the levy.

Black Mountain Resources

Black Mountain recruits Barnes

26 Jul 2017

Perth businesswoman Bronwyn Barnes has joined minerals explorer Black Mountain Resources as its interim chief executive, following the departure of Julian Ford earlier this month.

Aurora Labs

Tough leaves Aurora Labs for CEFC

Chamber of Arts and Culture WA

26 Jul 2017

Samantha Tough has become the third director to step down this year from the board of 3D printing company Aurora Labs, which has experienced a wild ride since listing on the ASX last August, initially enjoying a spectacular share price rally before losing most of the gains.

Banking on a collaborative culture

26 Jul 2017

Startup founders, business leaders, policy makers, artists and creative institutions are joining forces to shape the future of WA’s economy.

Santos

Former Nido MD joins Santos

26 Jul 2017

Oil and gas producer Santos has recruited former Nido Petroleum and BHP Petroleum executive Philip Byrne, who will take over from retiring executive vice-president John Anderson.

Corporate Finance DealsView all

Echo Resources

Echo to raise $5m for gold project

25 Jul 2017

Gold explorer Echo Resources has tapped investors for $5 million to fund ongoing development of its Yandal project near Wiluna.

Graphex Mining

Graphex raises $2.6m for Chilalo

24 Jul 2017

Graphex Mining has tapped investors for $2.6 million as it moves ahead with development of its Chilalo graphite project in Tanzania, amid legislative changes to how the country’s government receives mining royalties.

Tempo Australia

Tempo buys electrical engineer

24 Jul 2017

Tempo Australia has announced the acquisition of NSW-based electrical engineering company KP Electric for up to $10.1 million.

New Century Resources

Attila completes New Century reverse takeover

21 Jul 2017

New Century Resources has enjoyed fruitful gains on its first day of trading on the ASX after completing a reverse takeover of Perth-based Attila Resources.

Bis Industries

Bis in $1bn debt-for-equity deal

20 Jul 2017

Bis Industries, one of the major transport players in Western Australia, will come under new ownership after a $1 billion debt-for-equity swap deal was struck with its major lenders.

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Snowdale Holdings

WA egg producer to pay $1m in penalties

Chamber of Commerce and Industry of WA

25 Jul 2017

One of WA's biggest egg producers has been slugged more than $1 million after it deceived shoppers by falsely labelling some of its products free range, and consumer class action may follow.

Signs of growth in WA economy

20 Jul 2017

There are signs of recovery in the local economy, with employment and sales activity numbers showing improved performance in June and a major report predicting further recovery next year.

Fortescue Metals Group

Native title winners seek Fortescue compo

20 Jul 2017

Yindjibarndi Aboriginal Corporation will seek compensation from Fortescue Metals Group after the Federal Court recognised it has exclusive rights over Pilbara land where the company operates the Solomon hub.

Bis Industries

Bis in $1bn debt-for-equity deal

20 Jul 2017

Bis Industries, one of the major transport players in Western Australia, will come under new ownership after a $1 billion debt-for-equity swap deal was struck with its major lenders.

Pilbara Minerals

Pilbara Minerals finalises Pilgangoora contracts

24 Jul 2017

Pilbara Minerals has signed-off four major contracts for its Pilgangoora lithium project, with RCR Tomlinson, NRW Holdings, Action Industrial Catering and the Njamal traditional owners winning the lion’s share of the work.

Most CommentedView all

Mineral Resources

EPA rejects MinRes, Sinosteel iron ore mines

28 Jun 2017

The environmental watchdog has recommended rejection of two proposals to mine iron ore in Western Australia because they would cause irreversible damage to the land.

Curtin University

Perth tech pioneer passes away

Braemar Presbyterian Care

24 Jul 2017

Conrad Crisafulli, who was one of the pioneers of venture capital investing and technology commercialisation in Western Australia, has died after a long illness.

Shell

Prelude to an LNG drag race

Tim Treadgold

12 Jul 2017

OPINION: The resources world is watching to see how the technology on Shell’s Prelude platform performs against Inpex’s more traditional Ichthys operation.

CEO lunch with Wayne Belcher

Mark Pownall

14 Jul 2017

New Business News CEO Mark Pownall sat down at Julio’s with Braemar Presbyterian Care’s Wayne Belcher to discuss his career and experiences in the aged care sector.

Greens senator quits federal parliament

14 Jul 2017

Greens senator Scott Ludlam is leaving federal parliament after finding out he was improperly elected more than a decade ago.

Politics & the EconomyView all

Inflation rate cools in June quarter

26 Jul 2017

Australia's inflation rate has cooled in the June quarter, dragging the annual headline rate below the central bank's target in the 2 to 3 per cent range.

HLB Mann Judd

More IPOs, less raised

25 Jul 2017

About a quarter of ASX floats in the six months to June were undertaken by Western Australian companies, but the total amount raised is falling according to a new report.

Rising dollar guards petrol pump: CommSec

24 Jul 2017

A rising Australian dollar should protect motorists against any nasty surprises at the pump, according to the latest research by CommSec.

WA economy lags nation, again

24 Jul 2017

Western Australia has achieved the unwanted title of Australia's worst performed economy for a fourth consecutive quarter.

Steele-John to replace Ludlam in Senate

Urban Development Institute of Australia WA

21 Jul 2017

The 22-year-old disability advocate set to fill the Greens seat left vacant by Scott Ludlam has vowed to smash stereotypes and represent the interests of the young and disabled in federal parliament.

Upcoming Business News EventsView all

Success and Leadership - Mike McKenna from Perth...

Hyatt Regency Perth - 20 September 2017

PropertyView all

Land price rise stokes property positivity

Master Builders Association

25 Jul 2017

Land prices in Perth increased by 3.7 per cent in the June quarter, the latest sign of positive movement in the property sector, according to the Urban Development Institute of Australia WA.

Luxury hotel named WA’s best build

24 Jul 2017

Crown Towers Perth has emerged as Western Australia’s standout construction project, with the ultra-luxury hotel on the Burswood Peninsula winning two major categories at the Master Builders Association’s annual excellence in construction awards.

Melville Plaza

Melville Plaza to get $5m upgrade

19 Jul 2017

Retail landlord Hawaiian will spend $5 million bringing one of the oldest shopping centres in its portfolio up to date, with work to start on a redevelopment of the 45-year-old Melville Plaza later this month.

JLL

Positivity flows into office sector

18 Jul 2017

A growing chorus of major voices in Perth’s commercial property sector is suggesting the worst of the recent period of sluggish activity may be over, with consistent demand for space and renewed investor interest indicating the marketplace is on the improve.

MGroup

Eastern deals attract west coast groups

Perth Institute of Contemporary Arts

18 Jul 2017

East coast opportunities are increasingly beckoning for WA-based property companies.

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.

28 Jul 2017 | @ 09:00am

Security Risk

28 Jul 2017 | @ 12:00pm

Perth Networking CBD Lunch : 37 Pier Street, Perth

28 Jul 2017 | @ 12:00pm

AmCham Business Briefing with guest speaker Frank Tudor, Managing Director, Horizon Power

28 Jul 2017 | @ 12:00pm

AmCham Business Briefing with guest speaker Frank Tudor, Managing Director, Horizon Power

28 Jul 2017 | @ 12:30pm

Culture – created in the boardroom

28 Jul 2017 | @ 07:00pm

2017 Australian Subsea Industry Awards

29 Jul 2017 | @ 07:00pm

2017 HIA - WA Laminex Kitchen and Bathroom Awards

01 Aug 2017 | @ 09:00am

NFP Constitution Workshop

02 Aug 2017 | @ 09:00am

Finance for Directors

02 Aug 2017 | @ 05:00pm

Meet the Innovator: Glenn Callow

Arts & CommunityView all

Artist in residence with Sharyn Egan

Chamber of Arts and Culture WA

26 Jul 2017

Sharyn Egan didn’t fully embrace her lifelong dream to be an artist until her 38th year.

Banking on a collaborative culture

26 Jul 2017

Startup founders, business leaders, policy makers, artists and creative institutions are joining forces to shape the future of WA’s economy.

ScreenWest

Screenwest becomes an NFP

20 Jul 2017

The state’s peak body for screen funding and development, Screenwest, has today formalised its transition from a government agency to an independent not-for-profit organisation.

Bankwest Foundation

Charities challenged to measure up

17 Jul 2017

Many charities are struggling to measure outcomes in an increasingly competitive funding environment.

FORM

Artist in residence with Berndnaut Smilde

13 Jul 2017

Berndnaut Smilde has spent years sculpting temporary clouds inside bare and evocative architectural spaces, but was inspired to replicate his artwork outdoors after encountering the sweeping landscapes of the Pilbara last year.

Featured PhotographsView all

More photos: bit.ly/2017RisingStars

Jimmy McKeown Chief Distiller, founder

CEO Howard Cearns and distiller Alex Poulsen

Linda Taylor and her 4 ambassadors

The rise of sneaker culture AGWA

15 years of winners - 40under40 book launch at the Beaumonde On The Point

Freshly caught green abalones

That's not an easy job to put these reefs into the water when the ocean is rough

EY Entrepreneur of the year lunch

Premium olive oil with warmed olives and house baked bread

EnergyView all

Aurora Labs

Tough leaves Aurora Labs for CEFC

26 Jul 2017

Norwest Energy

Jockeying for position in Perth Basin

24 Jul 2017

SPECIAL REPORT: Only a small number of oil and gas players in the Perth Basin are moving forward on projects.

Whitebark Energy

Fracking moratorium hit to under-pressure gas plays

24 Jul 2017

SPECIAL REPORT: Ongoing uncertainty over state government policy and a lengthy approvals process are muddying the waters for local energy hopefuls.

Woodside Petroleum

Mixed results for Woodside

20 Jul 2017

Energy giant Woodside Petroleum has posted a 6.6 per cent fall in second quarter production following outages at some of its facilities and lower share of pipeline gas from the North West Shelf.

Empire Oil & Gas

Walker replaces Aitken at Empire

Great Southern Distilling Company

19 Jul 2017

Former Canaccord Genuity head of energy Asia Pacific, Angus Walker, has taken over the helm of Perth Basin energy producer Empire Oil & Gas today after the resignation of managing director Ken Aitken.

"Mark My Words" PodcastsView all

21 July 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss FMG's native title stoush, trucking sector restructuring, Quintis drama, economic update, honey, and the onshore oil and gas sector.

14 July 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss property development, university donations, lithium action, crowd-funding and Japanese buyers.

14 July 2017

New Business News CEO Mark Pownall sat down at Julio’s with Braemar Presbyterian Care’s Wayne Belcher to discuss his career and experiences in the aged care sector.

07 July 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss Paladin's collapse, Fastbrick Robotics, Peet and Perron Group, indigenous contracting and this year’s Total Shareholder Return survey.

30 June 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss BHP expansion, EPA decisions, renewable projects, Rising Stars, and BN Awards.

Food & WineView all

Syme distils recipe for success

Great Southern Distilling Company

14 Jul 2017

A series of local and global accolades has helped craft export opportunities for Great Southern Distilling Company.

Great Southern takes top prize at Telstra awards

The Monk Craft Brewery & Kitchen

10 Jul 2017

Boutique distillery Great Southern Distilling Company has been crowned this year’s Telstra Western Australian Business of the Year.

Removing the mystery from beer history

Competitive Foods Australia

30 Jun 2017

A pair of beer industry entrepreneurs is aiming to raise awareness of the history of WA’s favourite amber fluid.

Collins buys more WA KFC restaurants

26 Jun 2017

ASX-listed Collins Foods will spend $110.2 million to acquire 28 KFC restaurants around Australia from US-based Yum! Brands, six of which are in Western Australia.

Claremont tops for amenity

20 Jun 2017

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.

Special ReportsView all

Equity crowdfunding

17 July 2017

A new business financing option

Crowdfunding to offer new equity opportunity

17 Jul 2017

M&A deals take surprise twists

17 Jul 2017

Total shareholder returns 2017

10 July 2017

Backdoor plays, resources lead shareholder returns

10 Jul 2017

Rising Stars 2017

29 June 2017

Sonic boom: Nuheara leads 2017 Rising Stars

Nuheara realises budding talent

29 Jun 2017

Abco aims to clean up the competition

29 Jun 2017

kwik-ZIP carves out niche opportunities

29 Jun 2017

Camera Electronic focused on growth

29 Jun 2017

Passing Paws digs into niche market

29 Jun 2017

QPC buying its way to dominant position

29 Jun 2017

Holistic recovery a PeopleSense priority

29 Jun 2017

TAMS Group grows against the odds

29 Jun 2017

Wattnow on rapid growth trajectory

29 Jun 2017

Indigenous Business 2017

26 June 2017

Diverse opportunities for indigenous businesses

26 Jun 2017

Yagahong Alliance into positive territory

26 Jun 2017

Apartments advantage

19 June 2017

Opportunities arise amid dearth of new projects

Supply issues likely for apartments

19 Jun 2017

South Perth shines light on city-wide planning problems

19 Jun 2017

MiningView all

Santos

Former Nido MD joins Santos

26 Jul 2017

Oil and gas producer Santos has recruited former Nido Petroleum and BHP Petroleum executive Philip Byrne, who will take over from retiring executive vice-president John Anderson.

Black Mountain Resources

Black Mountain recruits Barnes

26 Jul 2017

Perth businesswoman Bronwyn Barnes has joined minerals explorer Black Mountain Resources as its interim chief executive, following the departure of Julian Ford earlier this month.

Eastern Goldfields

Eastern pours gold at Davyhurst

25 Jul 2017

Eastern Goldfields has poured first gold at its Davyhurst operation near Kalgoorlie, amid a looming court battle against the project’s refurbishment contractor, GR Engineering Services.

Paladin Energy

Paladin administrators restructure debt

24 Jul 2017

The administrators of Paladin Energy have entered into an agreement with Deutsche Bank to refinance some of the troubled uranium miner’s debt and fund ongoing work at the Langer Heinrich mine in Namibia.

Newcrest Mining

Newcrest output drops on Cadia hit

24 Jul 2017

Newcrest Mining has posted a 2.4 per cent drop in full-year gold production driven by lower output at its Cadia mine in NSW, which was shut after an earthquake in April.

Current IssueView all

Issue for 17 July 2017 to 30 July 2017

Issue for 03 July 2017 to 16 July 2017

Issue for 19 June 2017 to 02 July 2017

Issue for 05 Jun 2017 to 18 Jun 2017

Issue for 22 May 2017 to 04 June 2017

OpinionView all

Hard to be neutral amid IT upheaval

Marcus Holmes

26 Jul 2017

OPINION: There are a few battles going on in the tech world at the moment; it’s worth watching these fights as bellwethers for the direction of the industry.

Mark my words podcast

Mark Pownall

21 Jul 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss FMG's native title stoush, trucking sector restructuring, Quintis drama, economic update, honey, and the onshore oil and gas sector.

Wake up and write

Jeffrey Gitomer

18 Jul 2017

OPINION: Without regular engagement with your social media followers (potential customers), your social media business strategy is going nowhere.

Settling foundations for GST change

Mark Pownall

17 Jul 2017

OPINION: The perverse incentives created by the application of horizontal fiscal equalisation emerged clearly during a recent Productivity Commission inquiry.

Libs need to mend some fences

Peter Kennedy

14 Jul 2017

OPINION: The ball is in Malcolm Turnbull’s court if the Liberals want to shore up seats in WA.

RetailView all

Woolworths

Woolies deals another blow to Coke

25 Jul 2017

Shares in Cola-Cola Amatil have fizzled following news Woolworths will pull all but two of the beverage giant's Mount Franklin water products from shelves.

National Australia Bank

Dick Smith class action ready to launch

25 Jul 2017

A class action against failed electronics chain Dick Smith on behalf of disgruntled shareholders has been given the green light.

Woolworths

Woolies to remove single-use plastic bags

14 Jul 2017

Woolworths, Big W and BWS liquor stores nationwide will stop giving out free plastic shopping bags within the next year.

Domino's Pizza

Coca-Cola Amatil dealt double blow

06 Jul 2017

Coca Cola-Amatil has suffered a double blow, losing a contract with Australia's largest pizza chain to its rival and failing to get its latest no sugar offering on the shelves of supermarket giant Woolworths.

Camera Electronic focused on growth