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

Corporate Finance DealsView all

Canaccord Genuity

Bellevue raises $20m

Business News Business News
22 Feb 2019

Bellevue Gold has raised $20 million via a share placement, with the funds to go towards drilling at its namesake project located near the Goldfields town of Leinster.

AIC Resources

AIC and Intrepid strike new merger deal

Adrian Rauso Adrian Rauso
20 Feb 2019

Intrepid Mines and AIC Resources have agreed to a revised merger deal, less than three weeks after Intrepid’s initial attempt to acquire the Subico-based gold junior lapsed.

Mareterram

Sea Harvest fishes for takeover of Mareterram

Business News Business News
05 Feb 2019

South Fremantle-based seafood company Mareterram has backed a takeover offer from its largest shareholder, Sea Harvest.

Crusader Resources

Corporate finance deals Jan 28 to Feb 1 2019

Business News Business News
04 Feb 2019

Crusader Resources is pleased to announce the following updates in relation to the Company’s funding position.

Healthscope agrees $4.5bn Brookfield buyout

AAP Business News
01 Feb 2019

Healthscope has agreed to a $4.5 billion takeover by Canadian investment firm Brookfield, despite rival bidders suggesting they could increase their offer.

Politics & the EconomyView all

WA unemployment spikes to 17-year high

AAP AAP
Matt Mckenzie Matt Mckenzie
21 Feb 2019

Western Australia’s unemployment rate has spiked to a 17-year high, at 6.8 per cent in seasonally adjusted terms, while the national numbers held steady.

Electorate of Curtin

Ex-minister Julie Bishop to retire

AAP AAP
Matt Mckenzie Matt Mckenzie
21 Feb 2019

Former foreign minister Julie Bishop has declared she is retiring from federal parliament at the next election, about six months after she left the role in the aftermath of a leadership spill.

Urban Development Institute of Australia WA

Rates forecast of 0.5%

Matt Mckenzie Matt Mckenzie
15 Feb 2019

There will be a big reduction in the Reserve Bank of Australia’s official cash rate in the next year or two, according to investment analysis Jonathan Pain.

Western Rock Lobster Council

Government compromises on rock lobster plan

Adrian Rauso Adrian Rauso
08 Feb 2019

The state government and the Western Rock Lobster Council have reached a comprise on the future of the industry, with the annual catch to increase by just 315 tonnes. However, details of how this will be delivered to the local market have not yet been worked out.

Julie Bishop declares intention to run for Curtin

AAP AAP
07 Feb 2019

Former foreign minister Julie Bishop says she intends to stand for her seat again at the coming election and has given her backing to Prime Minister Scott Morrison.

Upcoming Business News EventsView all

Treasury Breakfast

Hyatt - 28 February 2019

Barry Fitzgerald - CEO of Roy Hill

Hyatt - 28 March 2019

PropertyView all

Blackburne

Subi markets redevelopment approved at DAP

Dan Wilkie Dan Wilkie
22 Feb 2019

Apartment developer Blackburne’s $235 million plan to redevelop Subiaco’s Pavilion Markets site has received final approval from planning authorities, paving the way for a formal marketing launch next month and a potential construction start by early next year.

Gemmill Homes

Action urged on housing pain

Dan Wilkie Dan Wilkie
20 Feb 2019

Pressure is mounting in WA’s residential construction sector, with insolvencies piling up amid sustained falls in building activity.

Finbar Group

Finbar upbeat as Vue, Palmyra near completion

Dan Wilkie Dan Wilkie
20 Feb 2019

Apartments developer Finbar Group is poised for a strong performance in the second half of the 2019 financial year, forecasting a solid uplift on its first-half net profit of $1.89 million with the expected completion of its Vue Tower and the first stage of the Palmyra Apartment Estate.

Stockland

Stockland shares slump as profit slides

AAP AAP
20 Feb 2019

National property development company Stockland Corporation has reported a decline in half-year funds from operations and warned of weaker full-year results due to a steep decline in the residential property market.

MGroup

M/Group buys Queensland shops for $36m

Dan Wilkie Dan Wilkie
19 Feb 2019

Diversified property company M/Group has expanded its portfolio into Queensland through the $36 million, off-market acquisition of Pialba Place Shopping Centre in Hervey Bay.

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.
24 Feb 2019 | @ 06:00pm
'On Sacred Ground' Screening & Talk
25 Feb 2019 | @ 05:45pm
A big Business was once a small business - It just marketed itself better!
26 Feb 2019 | @ 09:00am
Instagram Marketing - Hashtags, Content & Growth [MASTERCLASS]
26 Feb 2019 | @ 09:00am
PERTH WA - (Fremantle) Online Security & Data Privacy for Small Business (Beginner)
26 Feb 2019 | @ 10:00am
PERTH WA (North Beach) - LinkedIn Masterclass (Skilled/Advanced)
26 Feb 2019 | @ 10:45am
The Social and Economic Sustainability of WA’s Rural Volunteer Workforce
26 Feb 2019 | @ 05:30pm
Carbon Group Presents: Becoming a Kick-Ass Speaker
26 Feb 2019 | @ 07:30pm
#SM Perth February// Drinks For Perth Social Media
27 Feb 2019 | @ 09:30am
Social Media Marketing
27 Feb 2019 | @ 10:30am
2019 Economic and Political Overview in Perth

Arts & CommunityView all

EON Foundation

Funding feeds good food growth

Delia Price Delia Price
15 Feb 2019

Perth-based EON Foundation is growing its food and nutrition programs in remote communities.

McGees Property

Sunset to become cultural precinct

Delia Price Delia Price
13 Feb 2019

The Sunset Hospital site on the riverfront in Dalkeith will become a cultural and creative precinct, with Culture and Arts Minister David Templeman today announcing an expressions of interest process.

Rio Tinto

Kimberley art pays off for artists, Rio

Delia Price Delia Price
08 Feb 2019

The curators and sponsors of the Desert River Sea: Portraits of the Kimberley exhibition at the Art Gallery of WA are hopeful the more than 150 pieces on display will challenge and broaden the public’s perception of Aboriginal art.

Ochre Contemporary Dance Company

Regional route a funding play

Delia Price Delia Price
01 Feb 2019

Having spent years working overseas in Europe and the UK, director and lighting designer Mark Howett is acutely aware of the need for art to appeal far beyond its own cultural base.

MSWA

Stafford drives growth at MSWA

Delia Price Delia Price
31 Jan 2019

Neurological services provider MSWA has undergone substantial growth in the past 10 years, working towards reliance on private revenue sources.

Featured PhotographsView all

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
Sculpture By The Sea 2018

EnergyView all

$8.8 million regional power rollout

Delia Price Delia Price
21 Feb 2019

The state government has today announced the rollout of $8.8 million of stand-alone power systems, with Perth-based companies Hybrid Systems and BayWA r.e Solar Systems to lead the first stage of deployment.

Santos

Santos more than doubles FY profit

AAP AAP
21 Feb 2019

Santos, Australia's second largest independent gas producer, has reported a more than doubling in full-year underlying profit following the acquisition of Quadrant assets and higher realised prices for its oil and gas.

AGL Energy

AGL increases WA customers by 57%

AAP Business News
07 Feb 2019

AGL Energy has continued its growth in the Western Australian gas market, revealing it had approximately 33,000 customers by the end of 2018, a rise of 12,000 from six months prior.

Gold Fields

Granny Smith to go solar

Business News Business News
05 Feb 2019

Gold Fields has awarded Aggreko a contract to construct and operate a microgrid with 20,000 solar panels and battery storage, which will be integrated with the existing natural gas power supply to reduce fuel consumption at the Granny Smith gold mine near Laverton.

APA Group

APA's Badgingarra wind farm producing power

Matt Mckenzie Matt Mckenzie
25 Jan 2019

Electricity has started flowing from APA Group’s Badgingarra wind farm in recent days, while two of the state’s major coal generating units have been powered down due to low demand.

"Mark My Words" PodcastsView all

22 February 2019

PODCAST: Mark Pownall and Mark Beyer discuss Julie Bishop, unemployment, big contract wins, interim profit reports, Airbnb, Rottnest glamping, John Langoulant and our special report on junior miners.
15 February 2019

PODCAST: Mark Pownall and Mark Beyer discuss a tourism business sale, Airbnb, Vicinity Centres, Galleria Shopping Centre, future CBD development opportunities, infrastructure priorities, and our special report on ports and transport.
08 February 2019

PODCAST: Mark Pownall and Mark Beyer discuss the banking royal commission fallout, private schools, Graham Griffiths' passing, export data, office vacancies, Architectus and our 25th anniversary event
01 February 2019

PODCAST: Mark Pownall and Mark Beyer discuss house prices, RCR sell-off, Zhenya Tsvetnenko, Optus Stadium, lithium strategy, big miners back Indigenous campaign, The Simpsons, and our special report on the big risks to WA.
25 January 2019

PODCAST: Mark Pownall, Mark Beyer and Dan Wilkie discuss Dale Alcock and Adrian Fini, South Perth development, house market sentiment, Infinite Energy, Wright Prospecting’s financials, Kinetic IT, and our special report on major WA private companies.

Food & WineView all

Bar De Halcyon

Evolving the offering a priority for Perth publican

Dan Wilkie Dan Wilkie
07 Feb 2019

With the recent acquisitions of The Breakwater and the Newport, Perth-based hospitality group Capitol Corp is continuing to diversify its offering.

Gage Roads Brewing Company

Single Fin drives solid quarter for Gage Roads Brewing

Dan Wilkie Dan Wilkie
01 Feb 2019

Gage Roads Brewing’s Single Fin Summer Ale has propelled the Palmyra-based brewer to a quarter of solid growth, after the brew was named the nation’s fastest-growing beer brand late last year.

Chevron

New Normal for restaurant waste

Delia Price Delia Price
29 Nov 2018

A small bar in Subiaco is demonstrating the benefits to business of developing more efficient waste management practices.

WA Insolvency Solutions

New owner for Beach Bar

Delia Price Delia Price
16 Nov 2018

Scarborough Beach Bar has been thrown a lifeline, with insolvency specialist WA Insolvency Solutions selling the company to hospitality operator the ARK Group, which currently operates venues including The Generous Squire and Market Grounds.

Shire of Augusta-Margaret River

Settlers Tavern finds growth formula

Cassandra Charlick
06 Nov 2018

Never settling for second best, a hardworking couple has spent the past 15 years transforming Margaret River’s local pub, Settlers Tavern, into a venue of national note.

Special ReportsView all

Ports & Transport 2019

Ports & Transport 2019

18 February 2019

Westport among $18bn of projects, but timing uncertain

Supply chain, environment key port considerations

Supply chain, environment key port considerations

Matt Mckenzie 18 Feb 2019
Driver, skills shortage not great for freight

Driver, skills shortage not great for freight

Matt Mckenzie 18 Feb 2019
Smart solutions lifting exports at Port Hedland

Smart solutions lifting exports at Port Hedland

Matt Mckenzie 18 Feb 2019
Getting up to speed on Metronet rollout

Getting up to speed on Metronet rollout

Matt Mckenzie 18 Feb 2019
Risks to WA

Risks to WA

04 February 2019

Concern over China, skills shortages, politics

All eyes on China amid slowing global trade

All eyes on China amid slowing global trade

Matt Mckenzie 04 Feb 2019
Project pick-up puts pressure on skills

Project pick-up puts pressure on skills

Matt Mckenzie 04 Feb 2019
Business, investors count down to key poll

Business, investors count down to key poll

Matt Mckenzie 04 Feb 2019
Private companies 2019

Private companies 2019

29 January 2019

The latest update to the BNiQ listing of Western Australia's largest private companies has once again highlighted major shifts in economic activity.

Iron ore boosts private companies

Iron ore boosts private companies

Mark Beyer 29 Jan 2019
Kinetic IT keeps it private

Kinetic IT keeps it private

Mark Beyer 29 Jan 2019
Corporate finance 2018

Corporate finance 2018

21 January 2019

Annual review of WA deals and outlook

Goldman, Freehills top deal tables

Goldman, Freehills top deal tables

Mark Beyer 21 Jan 2019
Cutting through tech funding maze

Cutting through tech funding maze

Mark Beyer 21 Jan 2019
Lithium, gold and base metals driving deals

Lithium, gold and base metals driving deals

Dan Wilkie 21 Jan 2019
Aged care

Aged care

17 January 2019

Fast-growing sector under scrutiny

Aegis, Juniper lead aged care growth

Aegis, Juniper lead aged care growth

Delia Price 17 Jan 2019
Property slump playing role in retirement plans

Property slump playing role in retirement plans

Delia Price 17 Jan 2019
Fear, loathing and hope for commission

Fear, loathing and hope for commission

Delia Price 17 Jan 2019

MiningView all

Talisman Mining

Talisman plans $29m capital return

Adrian Rauso Adrian Rauso
22 Feb 2019

Talisman Mining has announced a $29 million capital return to shareholders in the form of a 15.625 cent per share dividend, following the sale of the company’s 30 per cent interest in the Springfield copper-gold project located in the Doolgunna region.

Ausdrill

Ausdrill profit surges nearly 33%

21 Feb 2019

Ausdrill has announced a strong first-half result, which the company attributed to its acquisition of Barminco.

Mineral Resources

MinRes slumps on lower profit

Mark Beyer Mark Beyer
21 Feb 2019

Shares in Mineral Resources fell sharply early today befor recovering some lost ground, after the company reported an interim net profit of $13 million, due in part to an unrealised loss on its stake in Pilbara Minerals.

Kalium Lakes

Another miner wins infrastructure funding

Madeleine Stephens
20 Feb 2019

Kalium Lakes is a step closer to starting construction on its Beyondie potash project near Newman after receiving $74 million in funding, making it the latest in a string of mining companies to win financial backing from the Northern Australia Infrastructure Facility.

NRW Holdings

NRW, Seven Group lift earnings

Mark Beyer Mark Beyer
20 Feb 2019

Shares in NRW Holdings and Seven Group Holdings were stronger today after reporting improved earnings on the back of strong resources and infrastructure markets, with NRW adding its first interim dividend in five years.

OpinionView all

Mark my words podcast

Mark Pownall Mark Pownall
Mark Beyer Mark Beyer
22 Feb 2019

PODCAST: Mark Pownall and Mark Beyer discuss Julie Bishop, unemployment, big contract wins, interim profit reports, Airbnb, Rottnest glamping, John Langoulant and our special report on junior miners.

The science of the cold call

Jeffrey Gitomer Jeffrey Gitomer
22 Feb 2019

OPINION: Making a good first impression and then asking the right questions are two important elements of the cold call.

State shaking off sick-man status as fertile seeds sown

Tim Treadgold Tim Treadgold
19 Feb 2019

OPINION: While not all WA’s economic indicators are pointing in the right direction, there’s plenty of cause for optimism, particularly in the minerals and agriculture sectors.

Business News marks 25 years at cutting edge

Mark Pownall Mark Pownall
15 Feb 2019

The media is like any other business, where adapting to consumer needs is the only way to survive.

Mark my words podcast

Mark Beyer Mark Beyer
Mark Pownall Mark Pownall
15 Feb 2019

PODCAST: Mark Pownall and Mark Beyer discuss a tourism business sale, Airbnb, Vicinity Centres, Galleria Shopping Centre, future CBD development opportunities, infrastructure priorities, and our special report on ports and transport.

RetailView all

Wesfarmers

Wesfarmers shareholders to receive $1bn special dividend

AAP AAP
21 Feb 2019

Wesfarmers is handing more than $1 billion of the cash it raised by demerging Coles and selling other assets back to shareholders in the form of a special dividend.

Woolworths

Woolies dips on 'below expectation' profit

AAP AAP
20 Feb 2019

Woolworths shares have taken a knock after the supermarket giant reported a disappointing first half and flagged subdued consumer spending for the foreseeable future.

Coles

Coles sales slow, restructure costs weigh

AAP AAP
19 Feb 2019

Coles' supermarket sales slowed during the run-up to Christmas, while the newly demerged retailer's first-half profit slipped 29 per cent to $381 million as restructuring costs weighed on the balance sheet.

Deloitte

Super Retail to repay $32m in unpaid hours

AAP AAP
12 Feb 2019

Rebel Sport owner Super Retail Group is set to repay six years' worth of unpaid overtime and allowances to retail managers in an expected $43 million pre-tax hit to first-half earnings.

JB Hi-Fi lifts H1 profit 5.5% to $160m

AAP AAP
11 Feb 2019

JB Hi-Fi has lifted first-half profit 5.5 per cent to $160.1 million despite volatile holiday trading for the electronics and home entertainment retailer.

SkylineView all

Skyline
Property Council of Australia

Property Council cautiously backs noise reforms

Mark Beyer Mark Beyer
Tayler Neale Tayler Neale
20 Sep 2018

The Property Council of Australia has welcomed proposed laws governing apartment projects in entertainment precincts, but has expressed caution about where the policy applies and its impact on planning approvals.

BGC Australia

Hibernian Place tops UDIA awards

Matt Mckenzie Matt Mckenzie
17 Sep 2018

BGC Development’s Westin Hotel and Hibernian Place development was picked as the top project in Western Australia in this year’s Urban Development Institute Australia WA awards.

CBRE

Regus takes space at new Raine Square office

Peter Kermode Peter Kermode
14 Sep 2018

International serviced office provider Regus is close to finalising a lease for new office space at Raine Square, being developed by Charter Hall Group.

Linc Property

Access key at Linc industrial estate

Peter Kermode Peter Kermode
12 Sep 2018

Mining services, logistics warehousing and food services firms are boosting demand for industrial property.

Sirona Capital

The Village Margaret River on the market

Peter Kermode Peter Kermode
05 Sep 2018

Sirona Capital has engaged Colliers International and CBRE to offer its 5,706 square metre shopping centre in Margaret River to the market.

Bulls N' BearsView all

Bulls N' Bears
St George Mining

Rods are turning for St George near Leonora

Matt Birney Matt Birney
22 Feb 2019

St George Mining has started a 37 hole RC drilling campaign that is aimed at discovering more nickel-copper sulphides at its Mt Alexander project near Leonora in WA. The program will initially target the new West End prospect to test for a continuation of the highly mineralised Cathedrals Belt towards the regionally important Ida Fault zone before moving on to test the new Fairbridge prospect.

Northern Minerals

Northern Minerals ramps up rare earths production

Matt Birney Matt Birney
21 Feb 2019

Northern Minerals is ramping up rare earths output at its Browns Range pilot plant in the East Kimberley region of WA to steady state levels to assess the quality of the rare earth carbonate produced. Data collected from the production of 7.2 tonnes of rare earth carbonate to date has provided the company with a better understanding of its ability to produce rare earths at the required specification.

Great Southern Mining

Great Southern to fast-track gold drilling in WA

Matt Birney Matt Birney
21 Feb 2019

Great Southern Mining has stepped on the gas and will fast-track a program of infill and extensional drilling at its emerging Mon Ami gold project near Laverton in the north eastern Goldfields region of WA. The work aims to rapidly expand the current 59,000 ounce resource by drilling down-dip to the west, down-plunge to the north and along strike up to 1km south of the existing resource.

Lithium Australia

Lithium Australia grows spodumene processing tech

Matt Birney Matt Birney
21 Feb 2019

Lithium Australia has initiated the next stage of development for its LieNA spodumene processing technology after preliminary R&D showed that further work on the process was warranted. The process seeks to recover lithium from spodumene without the need for expensive, energy-hungry roasting by using a caustic solution to leach the lithium from spodumene and recover it as lithium phosphate.

Pilbara gold resource update on the cards for Novo

Matt Birney Matt Birney
21 Feb 2019

Canadian conglomerate gold specialist Novo Resources has reported encouraging and consistent gold grades averaging 2.55g/t from a regional, bulk sampling program at its Beatons Creek gold project near Nullagine in WA. The current mineral resource sits at 8.38 million tonnes grading 2.47g/t gold for 667,000 ounces and will be updated this quarter using the bulk sampling results and a new 3D geological interpretation.

Thought LeadershipView all

BCRC-WA’s launches new support program for partners of metastatic breast cancer patients

Carmelo Arto Carmelo Arto
21 Feb 2019

Receiving a diagnosis of breast cancer is devastating, not only for the patient but also for their loved ones.

Is an Online MBA for you?

Rovena Bytyci Rovena Bytyci
19 Feb 2019

The education sector is rapidly evolving, especially in an era where everything is accessible at the touch of a button and from the comfort of your home.

Synergy

Babies, beagles and a bright future for solar savings

Synergy Synergy
12 Feb 2019

Significant energy-bill savings can be made with solar power in almost any business, but the upfront cost of panels and installation can be a barrier, particularly in the not-for-profit sector.

Visa Legislation: Lessons and Tips for Recruiting Overseas Talent

Mindy Lee Mindy Lee
06 Feb 2019

In September Prime Minister Scott Morrison flagged the Australian Government will make it a priority to encourage migrants to move to smaller capital centres - including Perth - and into regional and

Breast Cancer Research Centre - WA

More than "giving for good", supporting BCRC-WA saves lives

Carmelo Arto Carmelo Arto
17 Jan 2019

Breast Cancer Research Centre-WA (BCRC-WA) will open a world class integrated breast cancer treatment, research and patient support service centre in Perth in 2020 which will further consolidate our r