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Corporate Finance DealsView all

SCEE to bounce back after buying east coast group

Southern Cross Electrical Engineering expects to bounce back from a net loss in the first half of the 2017 financial year after announcing the "transformational" acquisition of a Sydney-based electrical contractor.

Kennards buys Belmont business

National hire equipment supplier Kennards Hire has acquired a Belmont-based company that offers similar services for an undisclosed sum.

Lithium-focused MetalsTech debuts on ASX

Subiaco-based lithium explorer MetalsTech has enjoyed steady gains on its first day of trading on the ASX, after completing a $4.3 million initial public offering.

ACCC concerned about South32 coal assets deal

The competition watchdog has raised concerns over South32's proposed $US200 million acquisition of Peabody Energy Corporation's Metropolitan Colliery in NSW, on the grounds that it may lessen competition in the region.

Elders to buy Bunbury real estate business

Elders has announced plans to expand its real estate presence in the South West through the acquisition of Bunbury-based Southern Districts Estate Agency for an undisclosed sum.

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Roe 8 documents handed over

Previously secret documents regarding the planning of the Perth Freight Link were yesterday released by Main Roads after a recent order by the Information Commissioner, according to Labor North Metropolitan region candidate Alannah MacTiernan.

South Perth uncertainty stalls Civic Heart

Buyers at Finbar Group's $400 million Civic Heart project are being refunded their deposits, after the state's largest apartment developer announced it would scale back the size of the tower because of uncertainty regarding planning rules in South Perth.

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.

Senate orders Roe 8 inquiry

UPDATE: A snap inquiry into alleged breaches of environmental conditions at the Roe Highway extension project will be held next week, after a motion introduced to Parliament by Greens Senator Scott Ludlam was today backed by the Senate.

Barnett attacks mining industry over ads

Premier Colin Barnett has criticised the mining industry over its prominent media campaign against Nationals leader Brendan Grylls and his proposed mining tax hike, on the first day of the election campaign.

Politics & the EconomyView all

Australia likely to dodge recession

Stronger commodity prices and government spending in the final months of 2016 are expected to have helped the economy bounce back from the preceding quarter's contraction.

Grylls says Turnbull ‘hypocritical’

ANALYSIS: Nationals WA leader Brendon Grylls has attacked the debt reduction strategies of both the Liberal and Labor parties as unrealistic. However, he confirmed that, in the event of a hung parliament after the March 11 election, his party would only work with the Liberals to form a new government.

Current account deficit falls

Australia's current account deficit was $3.85 billion in the December quarter down from a deficit of $10.2 billion the previous quarter, seasonally adjusted figures from the Australian Bureau of Statistics said.

Shares edge higher at start

The Australian share market is clinging on to the green in early trade after three days of decline, as investors take cues from overnight gains on Wall Street.

'No plan' to connect freight link to port

There's still no plan in sight to connect the controversial Perth Freight Link project to Fremantle Port, a Senate committee has heard.

Upcoming Business News EventsView all

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PropertyView all

International eyes on medical assets

Specialist medical centres are emerging as the asset type of choice for offshore buyers in Perth, according to local boutique management and consulting firm Griffin Group.

Reviving history at Swan Valley site

Restoration work is set to get under way on one of the Swan Valley's oldest buildings, with plans lodged to create a grower's market, art gallery and artist studios, grape processing facility and w

More developers forced to change South Perth plans

Frustration is mounting among developers in South Perth as they are forced to reassess projects after the second major change to the suburb's town planning guidelines in the past six years.

New Civic Heart to be 25% smaller

Finbar Group's new plan for its Civic Heart site in South Perth will have 74 fewer apartments and an end value 45 per cent lower than its original proposal, while it will be delivered a year after the first project was scheduled to be complete, the developer has revealed.

Peet flags gloomy WA outlook for rest of 2017

Land developer Peet says it doesn't expect conditions to improve in Western Australia in 2017, as it continues to push its long-running strategy to focus its operations outside of its home state.

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

RFDS lands Walsh as new chair

The Royal Flying Doctor Service WA has today announced former Rio Tinto chief executive Sam Walsh as the successor of chair Neville Bassett. 

Artist in residence with Alex Desebrock

With the Perth International Arts Festival under way, Business News caught up with Alex Desebrock to discuss life as a local artist and her latest creation.

BHP renews indigenous partnership with $14m pledge

BHP Billiton has extended its partnership with indigenous organisation Kanyirninpa Jukurrpa, following the announcement of a $14.7 million contribution to the Martu Ranger program over the next five years.

Pollies cool on arts commitment

The local arts sector has struggled to capture attention for a move it thinks is key to the sustainability and future development of the industry, with no political parties committing to the Chamber of Arts and Culture's proposed pledge of $100 million of increased funding over the next four years.  

A study in democratised giving

A group of young women living in high poverty areas of rural Cambodia will have access to tertiary level education after a recent live crowdfunding event in Perth raised more than $10,000.

EnergyView all

Australis in $100m raising plan

Subiaco-based energy company Australis Oil & Gas has announced an $80 million expansion of its shale acreage in the southern US, amid plans for a $100 million raising.

Power prices 'put jobs at risk': AiGroup

Soaring energy prices, driven by growing gas exports are putting jobs at risk and "politics-driven energy policies" are making the situation worse, Australia's peak business lobby group has warned.

Labor promises more Western Power jobs

WA Labor has vowed to employ at least 50 apprentices at Western Power every year if it wins the state election.

One Nation not keen on fracking

Pauline Hanson's One Nation is hoping to put an end to decades of fracking in Western Australia, if the party wins seats in the upcoming state election.

Labor picks Carnegie for Albany energy deal

WA Labor has promised the state's sixth-largest town, Albany, would become fully powered by renewable energy - if elected - under a $19.5 million funding commitment with Carnegie Clean Energy.

"Mark My Words" PodcastsView all

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.

17 February 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss Civic Heart, Richard Goyder, top IGA, local property market and WA private companies.

10 February 2017

In this Business News podcast, Mark Beyer and Mark Pownall discuss the Builton collapse, election promises, Richard Court and Rob Bransby, and WA’s professions.

03 February 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss startups and software, Aldi, election campaign and transport infrastructure.

27 January 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss the Builton collapse, CBD vacancy rates, Balla Balla iron ore and land developers.

Food & WineView all

Yowie chocolates return to Australia

Yowie chocolates - Australia's answer to Kinder Surprise - are returning to local shops for the first time after their relaunch in the United States three years ago.

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. 

Brewery to catch stadium foot traffic

Fans won't have to walk far for refreshments before and after events at the new Perth Stadium, with a 2,500-person capacity tavern and microbrewery to be built adjacent to the Swan River pedestrian bridge on the Burswood Peninsula.

The Grand Cru experience, a top cellar

Mount Lawley liquor retailer Grand Cru Wine Shop has undergone an evolution since being established more than 42 years ago.

Hummus Club dips lid to crowd

The owners of a new Northbridge eatery have placed a big emphasis on connecting with the community, and used crowdfunding to provide one element of that relationship.

Special ReportsView all

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
Ports & Transport 2016

Ports & Transport 2016

06 February 2017

The Roe 8 debate is a flashpoint ahead of the state election

Election to determine road, port future
Locals call for regional road spend

MiningView all

New deals for Kidman, Lithium Australia

Kidman Resources has bought two lithium tenements from nickel miner Western Areas in a $6 million all-scrip deal, while Lithium Australia has signed a memorandum for a joint venture in Germany.

Better numbers for Emeco

Osborne Park-based heavy equipment supplier Emeco Holdings has reduced its first-half net loss after tax by around 70 per cent, to $31.3 million for the six months to December.

Fortescue denies bid for coal assets

Iron ore miner Fortescue Metals Group has denied media reports stating it had lodged a $1 billion-plus offer for Wesfarmers' Curragh coal mine in Queensland.

Smaller players seek to reduce freight barriers

SPECIAL REPORT: Contractors face hurdles as they bid for work with major companies, and suggest a more open approach might bring benefits.

Klen fires up as market turns

SPECIAL REPORT: Klen International's work in the gold sector offers a valuable insight into how Western Australian companies are taking the expertise from the state's resources industry and developing it well beyond the mine pit.

OpinionView all

Lost day on the campaign trail

ANALYSIS: There used to be a golden rule in election campaigns that candidates should be seen but not heard. The public face of the party was the leader, whose commitments and comments were always carefully scripted.

Seeds of discontent ripen and bloom

OPINION: Voters are deserting the established political order in droves. Many are fatiqued by the constant change, and believe they are bearing the brunt of it.

Mark my words podcast

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

There’s only one poll that counts

OPINION: The polls appear to be tightening ahead of next month's election, with renewed interest also in which minor parties may hold the balance of power.

This week's property round-up

OPINION: Sales activity contracted over the week with Reiwa members reporting a decrease in weekly sales to 676. 

RetailView all

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.

Woolies wins back shoppers

Woolworths' crucial comparable food sales for the first half have outshone those at fierce rival Coles in a sign that heavy discounting is luring shoppers back.

Wesfarmers considers Officeworks IPO

Wesfarmers is considering a spin-out of its profitable Officeworks business, which contributed to strong earnings growth for the Perth-based conglomerate in the first half alongside Bunnings and Kmart.

Wesfarmers' diversity keeps it prosperous: Scott

Incoming Wesfarmers managing director Rob Scott, who will formally take his new job late this year, says the business will continue to thrive on the back of its diversity across markets.

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Thought LeadershipView all

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.

The Australian oil and gas paradox: Will the world’s largest LNG exporter become an importer?

A meeting of state and federal energy ministers in August 2016 highlighted the critical role that gas will play in Australia's rapidly evolving energy sector.

When do you make the call…enough is enough?

Managing ill and injured employees can be extremely testing, particularly when you suspect the absenteeism may not be genuine...or when it is genuine, but their absences are beginning to negatively impact on your operations!

A brave new dawn for the Australian oil and gas industry

After more than AU$200bn in capital investment over the last decade, Australia is emerging as an undisputed global oil and gas epicentre with Perth at its very heart.

Industry leaders say Collaboration critical for local oil and gas industry

With the petroleum industry struggling through one of the toughest periods in recent memory, there has been a growing call for government, academia and oil and gas operating and service and supply