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

Corporate Finance DealsView all

Sydney investor buys National Lifestyle Villages

Sydney-based investor Rob Nichols has teamed up with Singapore-based investment fund GIC to buy the assets of Perth company National Lifestyle Villages following a review led by Sirona Capital director Kelvin Flynn, who has run NLV since October last year.

De Grey in $6m raising

De Grey Mining has raised $6 million, with ASX-listed DGO Gold investing $5 million in the placement, to expand exploration work at the company’s Pilbara gold project.

Battery hopefuls pick up $50m

Two Western Australian mining juniors focused on battery-related commodities have secured $50 million to advance their projects in Africa.

Steinberg-backed fund completes $160m purchase

A new business backed by Quadrant Private Equity and the Perth-based family of Timezone founder Malcolm Steinberg has completed the purchase of Ardent Leisure Group’s bowling and entertainment division.

AFG in $10.9 million property lender buy

West Perth-based Australian Finance Group has announced it will purchase a 30.4 per cent stake of Sydney-based commercial property lender Think Tank Group for $10.9 million.

Most CommentedView all

Lounge offers business connections

The Small Business Lounge on Mount Hawthorn’s Oxford Street is just the first step for founder Brooke Arnott, who plans to take the advisory concept nation wide.

Dunsborough Puma developer has court win

The proponents of a Puma Energy development on Dunsborough’s main street had a win in the Supreme Court yesterday, but the issue is far from settled according to a local advocacy group against the proposal.

Mixed news for two Burrup projects

Long-running plans by Vikas Rambal’s Perdaman Industries to build a multi-billion dollar urea manufacturing plant in Western Australia have received a fillip, with his group signing a gas supply agreement with Woodside Petroleum.

Westin Hotel opens in Perth’s east end

Marriott International has opened Perth’s first Westin Hotel at an official ceremony this morning, anchoring a new dining and leisure precinct set to revamp the area.

Golden Group starts work at Belmont Park

Fives years after unveiling its vision for high-rise apartments at Belmont Park Racecourse, Golden Group will host a groundbreaking ceremony at the site today.

Politics & the EconomyView all

Company tax holding Australia back

High company taxes are one of the biggest impediments to Australia’s economic success, according to the latest global competitiveness index by Swiss business school IMD, although improving infrastructure and government efficiency have helped boost the country’s overall rating.

Perth city-to-stadium footbridge delayed

The long-delayed footbridge linking East Perth to Optus Stadium will not be ready by the end of May despite previous assurances by the McGowan government.

Hanson rejects tax cut plan

Federal Labor is demanding the Turnbull government hand over details of the deal it struck with Pauline Hanson to get her support to cut business taxes, a pact One Nation is now reneging on.

Confidence in China relationship

Australian businesses can be confident that strong personal relationships with their partners in China can help overcome any short-term problems between the governments of the two countries, according to two local business executives with close ties to the Asian powerhouse.

Cleaning up, clearing out

Entrepreneur lunch: Navitas managing director Rod Jones recently found a simple way to end in-house confusion about his phased handover to successor David Buckingham.

Upcoming Business News EventsView all

Beaumonde On The Point (upstairs ballroom and function centre), 306 Riverside Drive, East Perth - 27 June 2018

PropertyView all

Peet confirmed for Swan Valley project

Perth-based Peet has confirmed its appointment by the state government as the developer for the Brabham housing project near the Swan Valley.

Development potential for Northbridge site

A prime site in Northbridge, located on William Street opposite Yagan Square and Perth City Link and earmarked for a multi-tower mixed-use development, has been listed for sale.

National review seeks to strengthen security of payments

A national review has recommended all state governments establish a system of statutory trusts for building projects above $1 million as part of a package of measures to tackle the impact of company failures and late payments on contractors.

Perth housing data sends mixed message

The Perth property market has recorded an increase in the price of new land sold and strong growth in land under construction in the March quarter, however annual data in a new report out today shows the market still has a long way to fully recover.

Construction tenders May 18 2018

TendererProjectCloseSubmissionsBroad Construction ServicesFremantle - civic building and libraryJun 5jaan.lind@broad.com.auBroad Construction ServicesLeighton Beach - Compass apartmentsJun 1tim.an

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

Rose sales drive funds for Cystic Fibrosis

Cystic Fibrosis WA is calling on volunteers and businesses across the state to help the charity raise $75,000 this Friday as part of its annual ’65 Roses Day’.

Hemsley heads AGWA Foundation

Property consultant Warwick Hemsley has replaced Adrian Fini as the Art Gallery of WA Foundation chair after four years at the helm.

$17m of AGWA collection at risk of damage

The auditor general of Western Australia has found about 785 artworks of the state’s $300 million collection is at risk of damage or loss due to inadequate storage, conservation and monitoring by the Art Gallery of WA.

Community culture works for WASO

WA Symphony Orchestra has deep roots planted firmly across Western Australia, having spent 90 years connecting with communities beyond its core audience of classical music aficionados.

Pica showcases emerging artists

Perth Institute of Contemporary Arts will launch its 27th Hatched: National Graduate Show this Friday night, showcasing 30 new graduates from across the country, including five local artists.

EnergyView all

Battery plant rumoured for Wesfarmers

Interest is growing in Kwinana as a possible battery manufacturing hub, with Wesfarmers mooted to be considering a move into the sector and representatives from US electric car manufacturer Tesla in Perth to meet with Premier Mark McGowan today.

Schneider Electric positive on WA

Global company Schneider Electric anticipates continued strong trading in Western Australia, helped by work on established resources projects, new lithium developments and its Clipsal business.

AGL rejects Alinta's $250m Liddell bid

AGL has knocked back Alinta Energy's $250 million offer to buy Liddell Power Station and reaffirmed its decision to close the plant in 2022.

New Burrup projects aim to defy history

Two groups aspiring to build gas processing projects on the Burrup Peninsula are aiming to fare better than many others have in the environmentally sensitive area.

ERA tightening to reduce power price pressure

State-owned Western Power will need to trim operating costs by about $100 million more than planned over the next five years under the Economic Regulation Authority’s latest draft access arrangements released last night.

"Mark My Words" PodcastsView all

18 May 2018

PODCAST: Mark Pownall and Mark Beyer discuss defence contracts, LNG developments, high density housing, master entrepreneurs, The West Australian, lithium and our special report on philanthropy.

11 May 2018

PODCAST: Mark Beyer and Mark Pownall discuss the state and federal budgets, three byelections in WA (or maybe four), regulator activity, and our special report this week is the wine industry.

07 May 2018

Former Fortescue Metals Group CEO Nev Power’s new career as a non-executive director has started with Perth Airport.

04 May 2018

PODCAST: Mark Beyer and Mark Pownall discuss Belmont Park apartments, Lithium projects, Fringe Festival, Chris Sutherland, and BN's special report on universities.

27 April 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss $3bn federal infrastructure boost, Perth’s urban sprawl, Burrup gas projects, global LNG production, Westin Hotel opens and mining projects.

Food & WineView all

WA brewery tops international competition

The local beer label behind Northbridge Brewing Company and Whitfords Brewing Company has won the top prize at Australia’s most renowned beer competition, hosted in Melbourne last night.

King of Queen Street lifts veil on new Moroccan bar

With the outlook for the small bar sector becoming more positive, hospitality entrepreneur Andy Freeman has embarked on a $2 million Moroccan-themed venue in Perth’s east end.

Tiny’s brings big energy to QV1

A new bar at Perth’s QV1 is aiming to make a big splash in Perth’s west end.

Perth first choice for Aloha Poké

Perth’s up-and-coming healthy food market was one of the factors that drew Singaporean restaurant chain Aloha Poké to the Western Australian capital, with its first international outlet opening at St Martin’s Centre in the CBD two weeks ago.

Stadium sales lift Gage Roads

Shares in Gage Roads Brewing Company have jumped today after the company posted impressive quarterly results, driven by strong sales at Optus Stadium.

MiningView all

Caravel board resigns

Caravel Minerals has announced the resignation of its entire board today, while the outgoing directors have agreed to withdraw legal proceedings against incoming director Alasdair Cooke.

BGC cuts Perth staff

BGC Contracting has announced personnel cuts within its Perth head office as part of a restructure that will also move its mining chief operating officer to Brisbane as the company shifts its focus to the east coast.

Rio Tinto in talks for Grasberg mine sale

Rio Tinto has confirmed it is in talks about the potential purchase of its stake in the Indonesian Grasberg mine for $3.5 billion.

Resources tech ripe for startups

The startup space supporting the resources sector is Australia’s game to lose, according to Unearthed director Justin Strharsky, but vision and wise investment are needed amid growing competition.

Titan raises $11m

Titan Minerals has announced an $11 million capital raising to fund the purchase of a processing plant and exploration work at its Torrecillas and San Santiago projects in Peru.

OpinionView all

Good leaders inspire their teams

Managers can encourage or discourage sales with their policies and actions, so what makes a great sales manager?

Concerns for local lithium if Musk’s Tesla tanks

Recent comments by Tesla’s Elon Musk, and his company’s price dive immediately after, will be of interest to the state’s lithium miners.

Mark my words podcast

PODCAST: Mark Pownall and Mark Beyer discuss defence contracts, LNG developments, high density housing, master entrepreneurs, The West Australian, lithium and our special report on philanthropy.

Liberal move divides party

The GST is a potential sleeper issue as WA heads to three by-elections.

Emotive issues all talk

A renewed activist focus on the carbon sequestration efforts on Barrow Island is, like many populist arguments these days, abusing language to stir up emotions.

RetailView all

Myer blames warm weather for profit woes

Myer has warned unseasonably warmer weather could dent its fourth-quarter profit after third-quarter sales dipped 2.7 per cent to $635.3 million.

Woolies' Q3 sales growth surpasses Coles'

Woolworths has outpaced rival Coles' sales growth for a sixth consecutive quarter.

Wesfarmers leadership changes

Wesfarmers has announced two leadership changes today, with Officeworks chief executive Mark Ward set to step down at the end of the year, while former New Zealand prime minister Bill English has been appointed to the board of the Perth-based conglomerate.

UK Bunnings remains a weight on Wesfarmers

Wesfarmers has blamed severe winter weather for another dramatic fall in sales at its struggling Bunnings venture in the UK and Ireland.

Coles' third quarter sales lift 0.9%

Coles' food and liquor sales rose in the third quarter, with parent company Wesfarmers citing lower prices and improved service and quality for customers.

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Sophia Bolhassan

Sophia Bolhassan

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John Poynton

John Poynton

Director, Linc Property
Non-Executive Chairman, Giving West
Council Chairman, Christ Church Grammar School
Non-Executive Chairman, Warrington Property
Non-Executive Chairman, Jindalee Partners
Non-Executive Director, Crown Perth
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Board of Guardians, Future Fund

Denby Roberts

Denby Roberts

Director, DR Capital

Sally Capp

Sally Capp

Former Senior Associate, Herbert Smith Freehills
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Graham Riley

Graham Riley

Non-Executive Director (Non-Executive Chairman 2009-2012), Gascoyne Resources
Non-Executive Director, Zenith Minerals

Thought LeadershipView all

The Evolution of Disaster Recovery: Achieving IT Resiliency

The backup and recovery strategy that forms the backbone of IT resiliency has come a long way in the last twenty years. IT teams have evolved from preserving and protecting company data on tape systems, and there is an increasing realisation that in-house data centres act as a single point of failure.

Industry, Tertiary Education and Government: is the DNA of WA life a Triple Helix?

It’s long been acknowledged that the interrelationship between industry, tertiary education and training providers and government can either help or hinder innovation in a society, depending on how th

Do you want the Lamborghini, the Hyundai or the Bicycle … of salary benchmarking?

Salary benchmarking can be as illuminating for businesses as it is for employees.

Empower your team with Digital

A workplace is no longer the physical office space or place of work, it is wherever work takes place. Network barriers, organisational silos, lack of knowledge sharing, restrictive work practices

Financial Counselling - An Integrated Response

Members and volunteers are at the core of the work that Vinnies does, and last financial year these remarkable people assisted over 38,000 Western Australians.