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

Corporate Finance DealsView all

Grist raises $10m from Vocus share sale

Venture capitalist Anthony Grist has raised almost $10 million joining fellow board member and his private investment partner James Spenceley in selling down stakes in Vocus Communications to focus on the next generation of investments.

New gold, lithium play debuts on ASX

Local gold and lithium explorer Berkut Minerals has enjoyed steady gains on its first day of trading on the ASX after completing a $3.5 million initial public offering.

SolarisCare, Cancer Support WA in sync

Two Perth-based not for profits have teamed up to combine cancer support services, with SolarisCare and Cancer Support WA announcing their plans to merge. 

Peppermint in deal with Philippines bank

Recently-listed technology company Peppermint Innovation will supply its remittance system to a bank based in the Philippines under a new partnership deal.

Evolution in $880m Glencore deal

Evolution Mining will pay Glencore $880 million in a deal to take an interest in the Ernest Henry copper and gold mine in Queensland.

Most CommentedView all

Protestors take Roe 8 fight to High Court

Opponents of the state government's controversial Roe 8 highway extension project have taken their fight to the High Court following a recent decision that validated the project's environmental approval.

Water pressure highlights competing priorities

If utilities such as Water Corporation can't fulfill their primary responsibility to the public, maybe an alternative ownership model would be a better option.

Grylls’ tax a turkey that won’t fly

ANALYSIS: Politics and business never mix well, which is something the state government is about to discover with news that former Nationals WA leader Brendon Grylls is eyeing a return to his party's top job.

Banks need a clean up, not a clean out

The desire to bash the banks is understandable when some of their past behaviour is considered; but before the bashing goes too far, it is important critics know what it would mean to damage an important part of the Australian economy at a delicate point in the global economic cycle.

Maylands infill model pitch

Architect Sam Klopper has shrugged off community consternation over an apartment project on Kennedy Street in Maylands, instead pitching the development as a model for future urban infill.

Politics & the EconomyView all

Barnett bans Nalder from cabinet meeting

Premier Colin Barnett has reportedly told Agriculture and Transport Minister Dean Nalder not to attend a regional cabinet meeting because his presence would be a distraction.

Barnett accuses Poynton of interference

Businessman John Poynton has denied interfering in Premier Colin Barnett's leadership of the state government amid an outcry about a poll commissioned by powerful businessmen showing the Liberal Party on track to lose the March election.

Record residential vacancies in Perth

Perth's residential rental vacancy rate has reached a record high of 5.2 per cent with 10,738 homes currently untenanted, according to property group SQM Research.

Motorists still paying too much at bowser: ACCC

Petrol prices reached 14-year low averages in the past year but gross retail margins hit fresh highs, the competition watchdog says.

Big banks risk from weak economy: Moody's

Ratings agency Moody's has downgraded the outlook for Australia's banking system, warning that a challenging environment could hit banks' bottom lines and leave them more at risk to external shocks.

Upcoming Business News EventsView all

PCEC, BelleVue Ballroom, Level 3, Perth Convention & Exhibition Centre - 21 September 2016
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PropertyView all

Station spurs density in Aubin Grove

A new train station at Aubin Grove has been the catalyst behind an evolution of product from residential land developer Richard Noble & Company.

Brickworks to close Malaga plant, write-down $47m

Building products maker Brickworks has confirmed it will close its Malaga manufacturing facility and showroom in the face of the decline in residential building activity in Western Australia.

Downturn timing right for Melchor

A new player is applying an international model to win work in the highly competitive commercial construction sector.

Neighbourhood centres the place to be

Suburban shopping centres are becoming the most sought-after asset class in property.

Affordability remains an issue

More than 80 per cent of houses sold in Perth in the year to the end of June went for $400,000 or more, the latest evidence of the difficulties faced by low income earners seeking to own a home.

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.
01 Sep 2016 | @ 09:00am
01 Sep 2016 | @ 09:00am
01 Sep 2016 | @ 11:30am
01 Sep 2016 | @ 01:30pm
02 Sep 2016 | @ 08:30am
04 Sep 2016 to 09 Sep 2016
| @ 03:00pm
07 Sep 2016 | @ 08:30am
07 Sep 2016 | @ 05:30pm

Arts & CommunityView all

Community care for problem gamblers

The producers of a documentary on problem gambling hope it will provoke greater awareness and community discussion of the issue in Western Australia.

Adam aims to change deaf discussion

The WA Deaf Society, an organisation established almost 100 years ago, has welcomed its first deaf chief executive.

MG Group wins Railway Square contract

Osborne Park-based MG Group has won a contract to develop the state government's $7 million Railway Square public open space project in Midland.

Scitech shifting to Cultural Centre

Scitech will relocate to the Perth Cultural Centre after almost three decades at its current City West home, a move expected to complement the $428 million new museum complex scheduled to open in 2020. 

Adventurers broaden front line

Perth charity Telethon Adventurers has plans to expand nationally at the end of this year, following the success of recent fundraising and research programs. 

EnergyView all

Sun Brilliance shifts focus to 100MW solar array

A planned solar farm near Cunderdin will boost its capacity by 300 per cent due to its favourable economic potential, despite about a gigawatt of excess capacity available in the South West's electricity network

Browse still on the list for Woodside

Costs would need to come down a further 25 per cent to breakeven at around $US40 per barrel of oil for the Browse LNG project to proceed, according to Woodside Petroleum managing director Peter Coleman.

Pacific Energy grows profit

Power generation company Pacific Energy has posted solid results for the 2016 financial year, with further growth expected in the year to come.

Ausgrid call shows where trade power lies – for now

ANALYSIS: Balancing WA's trade needs with Australia's broader geopolitical and strategic interests is a challenge for leaders in this state.

MMA loss widens to $144m

Marine services company MMA Offshore's net loss has widened to $144 million on the back of a previously flagged impairment and reduced activity in the oil and gas sector.

"Mark My Words" PodcastsView all

26 August 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss state political dramas, profit season, charity bike rides, entrepreneurs and retail property.

22 August 2016

Every Monday Mark Pownall joins Jane Marwick in the 720 Perth Drive studio for an in depth look at two local businesses.

19 August 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss Alannah Mactiernan, Richard Sellers, what’s behind our resources company results, Perth’s liveability and our changing power and energy markets.

12 August 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss Brendon Grylls, Ritz-Carlton sale, women directors, digital disruption and small business.

08 August 2016

Mark Pownall, the Head of Content at Business News, joins Jane Marwick on ABC 720 Drive radio to chat about WA business. This week is was Tracey Horton from Navitas and Dustin and Martin Michael, founders of Michael Brothers juice company. 

Food & WineView all

Gage Roads seeks cash to buy out Woolies

Gage Roads Brewing Company will tap the market for $10.1 million to buy back Woolworths' stake in the Palmyra-based brewer, capping off a busy 12 months where it created Australia's best beer while also returning to profitability.

Woolies revamps unpopular loyalty scheme

Woolworths is overhauling its loyalty program less than a year after the unpopular revamp that introduced orange tickets and prompted complaints from customers.

Full bottle on vermouth

An aperitif used for medicinal purposes in the early 1500s has been given a 21st century twist with the release of Burch Family Wines' Howard Park Vermouth. 

Ice cream boss goes cold on Eagle Boys

One potential buyer of Eagle Boys Pizza is having second thoughts after receiving "superficial" financial details of the troubled pizza franchise.

Producers unhappy with alcohol tax regime

A recent move by the federal government to include distillers in a tax rebate scheme for breweries is a step in the right direction, but not a total fix.

Special ReportsView all

Buyers' choice

Buyers' choice

29 August 2016

Retail emerges as the standout performer in property.

The future, coming to a mall near you
Neighbourhood centres the place to be
Powerful Forces

Powerful Forces

24 August 2016

Decisions pend as technology disrupts the electricity sector

Power shift disrupts traditional model
Tricky Business

Tricky Business

15 August 2016

Small businesses battle the state's slowing economy

SMEs seek leadership, reform
Innovation 2016

Innovation 2016

08 August 2016

From talkfest to action.

Turning innovative ideas into real-world outcomes
Cisco centre builds linkages
Healthcare 2016

Healthcare 2016

01 August 2016

Disruption in the sector leads to healthy innovations

Technology personalises healthcare

MiningView all

Lithium hopeful wins government grant

ASX-listed resources hopeful Lithium Australia has scored a $50,000 commercialisation grant from the federal government for a process the company has developed to process lithium.

BHP Samarco disaster years in the making

Mining giant BHP Billiton says it was not aware that the tailings dam at its Samarco joint venture in Brazil was at risk of collapsing, despite a series of efforts over years to fix its structural defects.

Sandfire upbeat on year ahead

Copper and gold miner Sandfire Resources has posted a softer profit result for the 2016 financial year on the back of lower copper prices, but was upbeat on the year ahead.

$300m Kwinana lithium plant proposed

A Chinese company with a majority stake in world's largest hard rock lithium mine will seek development assessment panel approval on Wednesday for a $300 million processing facility in Kwinana.

SRG beats headwinds to book profit lift

Civil contractor and mining services company SRG Limited says it is well positioned for further growth on the back of recent contract wins, after booking a 52 per cent lift in net profit in the 201

OpinionView all

Benefits of data-based targets

Traditional statistics tools are often overlooked in an environment where big data and data science are dominating the business analytics conversation.

Winners and winners in the rush to gold

IT might not feel like it, but there are early signs of boom conditions forming in some parts of the state's mining industry, with two sectors in particular benefiting from events in the markets for commodities, labour, and capital equipment.

Failure to engage makes for risky business

Political and business leaders need to make clear, rational arguments to counter the more extreme claims from those who feel disenfranchised.

Maintaining peak performance

There may be lessons in the performances of our athletes in the Rio Olympics, including some for business.

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss state political dramas, profit season, charity bike rides, entrepreneurs and retail property.

RetailView all

Court asked to appoint Masters liquidator

US retailer Lowe's has begun Federal Court action against Woolworths over the failed Masters hardware chain.

The future, coming to a mall near you

Perth's big retail centres are evolving to become much more than just a collection of shops.

Woolworths falls to $1.23bn loss

Woolworths has slipped to a $1.23 billion full-year loss after a big decline in earnings from its Australian food and drink business and more than $2.6 billion of write-downs.

Target write-downs offsets Coles earnings

Strong profit results from Wesfarmers' Coles and Bunnings stores have been overshadowed by hefty write-downs linked to Target and its coal assets.

Scentre bullish as Dick Smith gaps filled

The collapse of Dick Smith has highlighted the trends and challenges facing Scentre Group's Westfield shopping centres.

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Veronica Macpherson

Veronica Macpherson

Managing Director, Macro Realty Developments

Greg Poland

Greg Poland

Chair, Strzelecki Group

John Poynton

John Poynton

Principal, Linc Property
Chair, Giving West
Chairman, Christ Church Grammar School
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Non-Executive Director, Orbital Corporation
Chair, Jindalee Partners

Ian Middlemas

Ian Middlemas

Non-Executive Chairman, Berkeley Energia
Non-Executive Chair, Salt Lake Potash
Chair, Syntonic
Chairman, Cradle Resources
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Non-Executive Chairman, Paringa Resources
Chairman, Equatorial Resources
Non-Executive Chairman, Sovereign Metals
Chairman, Odyssey Energy
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Shane Gherbaz

Shane Gherbaz

Former Executive Director, Euroz Securities

Thought LeadershipView all

Are your wages on the nose? You can cut wages to spite your face

In this current economic climate, many small businesses find themselves faced with the prospect of cutting wages costs. Gone are the 'boom' years when the main concern was finding the

Practical Engineering - Getting the hands dirty again and training for the future.

With the future of manufacturing, construction, innovation and development in Australia over the next 20 years of vital importance to the resource sector, it's time to reset and rethink how we plan

Learning and Development on a Budget

Your budget for the next year is set and one of the casualties is learning and development; meanwhile your employees are asking what training is available in the coming year. Bel

How can remuneration benchmarking impact your bottom line?

The changing Australian economy has resulted in a greater focus on operating costs for many businesses. Employees are often an organisation's greatest resource, and typically they also represent t

Social media imperative in crises

Recent disasters such as that in Orlando and Brussels have brought home the importance of social media during a crisis.