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Adrian Rauso

Adrian Rauso joined Business News in February 2018 as the morning email producer and is the online news reporter as of January 2019. Adrian completed a degree in journalism and politics at the University of Notre Dame, where he was the co-editor of the University’s student magazine for nearly two years. He also has experience in corporate affairs at the United States Consulate in Perth.

Mixed half-year results for local contractors

Macmahon has reported a strong half-yearly result, but MACA and GR Engineering have seen their profit plunge compared to the prior corresponding period.

AFG posts 2.2% profit jump

Australian Finance Group has announced a cash profit increase, and said there were encouraging signs for the future of the mortgage broking industry.

Talisman plans $29m capital return

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.

Tech scene: Komo boosts coffers

Perth startup QuizJam, which was best known for its quiz widget, has been remaned Komo to reflect its range of digital engagement tools. The rebranding followed a successful private capital raising.

AIC and Intrepid strike new merger deal

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.

Hallam to lead Capricorn

Warren Hallam has been tapped as the new managing director of Capricorn Metals, as the company ramps-up the development of its flagship Karlawinda gold project.

RCR’s remaining WA assets sold

The sale of RCR Tomlinson’s Western Australian operations is complete, with RCR Resources, RCR Power and RCR Water West sold to AvidSys Group for an undisclosed sum.

Flinders shares soar 33% on delisting agreement

The Takeovers Panel and Flinders Mines have come to agreement on a new proposal for the iron ore explorer to delist under which its biggest shareholder will lose out.

Woodside aiming for 2020 go-ahead on mega projects

Western Australia will know as early as next year if Woodside Petroleum's Scarborough, Pluto and Browse gas projects, worth a combined $36 billion, will be given the green light, as the business posted a 28 per cent rise in profit today.

New public policy director at UWA

A UK-based academic who worked as a senior policy adviser to Tony Blair has been named the inaugural director of the University of Western Australia’s Public Policy Institute.

Tabcorp confirms WA TAB interest

Tabcorp has confirmed it is interested in acquiring the Western Australian government-owned TAB, on the same day it announced a 642 per cent rise in profit stemming from its $11 billion merger with Tatts Group.

Govt, GRDC sign $48m partnership

The state government and the Grains Research and Development Corporation have signed a $48 million scientific partnership for research into Western Australia’s grainbelt soils and boosting grain production for local growers.

Carnarvon to raise $50m

Carnarvon Petroleum has launched a $50 million share placement, with the funds set to primarily progress the commercialisation of the Dorado oil discovery, as part of its Phoenix project, located in the North West Shelf.

Govt offers $20m to settle hospital dispute: report

The Western Australian government has reportedly offered contractor John Holland $20 million to settle the long-running dispute over the Perth Children's Hospital.

Win for Flinders minority investors

The Takeovers Panel has declared unacceptable circumstances in the proposed delisting of the Flinders Mines, giving minority shareholders of the company a victory in the feud.

Government compromises on rock lobster plan

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.

Tech scene: ImpactHD

ImpactHD is an app which aims to provide a sustainable and scalable healthcare solution for individuals with Huntington’s disease (HD), which is currently incurable.

Arafura study points to rare earths production boost

Perth-based Arafura Resources' definitive feasibility study for its flagship Nolans rare earths project in the Northern Territory has revealed higher production and lower capital costs than previously anticipated.

Hybrid car sales up 140%

Sales of new hybrid cars have continued their rapid growth, rising by 140 per cent in January in Western Australia compared to the same month last year, and bucking the overall trend of declining new vehicle sales.

John Holland charged over Perth project

Construction company John Holland and two contractors are facing federal work health and safety charges over an incident that injured a worker at Main Roads WA’s $1 billion NorthLink road project.

AFG shares fall 29% on royal commission report

Shares in Perth-based Australian Finance Group and in ASX-listed Mortgage Choice plunged today on concerns the mortgage broking sector will be one of the biggest losers from the banking royal commission, which recommended the banning of commissions paid by lenders to brokers.

BGH bid hits Navitas profit

Navitas has reported a 14.4 per cent decrease in profit for the half year to December, as expenses related to BGH Capital’s first takeover bid hit the company’s bottom line.

Three juniors to raise at least $9.9m

Three junior miners are undertaking capital raisings, with Amani Gold set to raise at least $3.7 million, Hot Chili $3.2 million, and $3 million for Capricorn Metals.

Data Exchange shares crash 44% on market update

Data Exchange Network's share price has plunged, after it announced cost blowouts for the construction of two data centres and the resignation of its founder as chief executive.

Three juniors to raise up to $13.3m

Three local junior resources companies are undertaking capital raisings, with Sovereign Metals to raise up to $5.3 million, Global Energy Ventures up to $5 million, and Northern Minerals to raise $3 million.

State government launches battery strategy

The state government has used the launch of its battery industry strategy today to announce that one of the first initiatives will be to develop an investment attraction strategy for the sector.

Fortescue's iron ore shipments rise 5% for quarter

Fortescue Metals Group has recorded a 5 per cent rise in iron-ore shipments for the December quarter, as it positions itself to increase output of a new higher-grade product.

Perth’s inflation remains low

Perth’s subdued inflation rate has continued, coming in at just 1.3 per cent in 2018, trailing only Darwin for the lowest price increase out of Australia’s eight capital cities.

Perth Stadium snubbed for T20 World Cup finals

The International Cricket Council has overlooked Perth Stadium to host a finals fixture when the women's and men's Twenty20 World Cups are staged next year, on the same day the state government announced the stadium is a key part of its tourism strategy.

Three miners restructure leadership

Three struggling locally-based miners, including MZI Resources and Thundelarra, have announced the departure of their top executives.

Barbaro Homes into liquidation

Osborne Park-based Barbaro Homes has entered liquidation, a week after it ceased operations.

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Work under way on $400m Karratha FIFO camp

Multiplex has commenced construction of the 604-bed Bay Village accommodation facility for Woodside Petroleum's fly-in, fly-out workers in Karratha.

Sweetlips and Tim Ho Wan close doors

Perth’s hospitality woes have continued, after fish and chip chain Sweetlips entered liquidation and Raine Square tenant Tim Ho Wan closed its doors after less than a year.

Morning Headlines

Crackdown on rorters taking ATO for ride

Perth house prices fall again

The median price of a house in Perth recorded the largest decline among all state capitals for September, with the slump over the past five years now surpassing 20 per cent, according to the latest CoreLogic data.

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