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At the core of AAP Newswire is our unbiased, 24/7 breaking newswire that feeds the latest news from Australia and the world. Supported by over 200 journalists, AAP Newswire provides the news that matters.

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WA company owner jailed for 'phoenixing'

A labour hire business owner who fraudulently obtained more than $890,000 through illegal "phoenixing" has been jailed for five years and four months in Western Australia.

WA accountant dodges jail for theft

An accounting company director in Perth who stole more than $43,000 has been spared an immediate prison sentence.

Laura Ashley enters administration again

Laura Ashley has been placed in administration for a second time, falling victim to the same forces that have claimed a raft of Australian retailers.

Wesfarmers shares down without Coles

Coles shares have floated on the Australian Securities Exchange at $12.49, with Wesfarmers' price adjusting in early trade without the supermarket giant in its stable.