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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.

Seven’s non-media businesses perform strongly

Seven Group Holdings has reported a 40 per cent surge in full-year underlying earnings but a $291 million write-down in the value of its media business, which hit its bottom line.

Emeco shares slump despite 214% profit increase

Emeco Holdings tripled its profit for the 2019 financial year, but its shares dropped 9 per cent today after it flagged flat earnings in the first half of this fiscal year.

Gabanintha capex rises to $454m

Technology Metals Australia has released the definitive feasibility study for its Gabanintha vanadium project, which revealed a longer-life operation than previously planned.

Latest labour data highlights WA volatility

Western Australia has recorded the largest decrease in jobs for July, just a month after it was the only state or territory in Australia to experience an increase in employment.

Austal wins $34m US contract, responds to speculation

Austal has secured a $US23 million ($34 million) contract with the US Department of Defence, and addressed media reports of a possible Philippines expansion.

Northern Minerals undertakes fresh equity raising

Northern Minerals is set to raise $20 million via a private placement, the latest in a string of significant capital raisings the rare earths hopeful has undertaken this year.

Hallam to lead Millennium

Millennium Minerals has appointed Warren Hallam as managing director, marking Mr Hallam’s return as the leader of a junior miner since his short-lived stint at Capricorn Metals ended abruptly in March.

Vicinity hit with $191m WA write-downs

Shopping centre giant Vicinity Centres has felt the full force of WA’s weak retail climate, after it recorded a $227 million write-down, largely due to the performance of its WA portfolio, which had $191 million wiped off its value.

Castle shares skyrocket on Ghana deal

Shares in Castle Minerals have risen by as much as 150 per cent today, after the junior gold explorer signed a $US11.7 million ($17.2 million) farm-out agreement for two of its licences in Ghana.

CV Check to raise $3m

CV Check is seeking to raise $3 million via a share placement, as it seeks to build on its recent positive momentum and accelerate growth.

Perth lawyer to be struck off

Nicholas Oud has been removed from the roll of legal practitioners, after the Supreme Court of Western Australia upheld an earlier decision by the Legal Profession Complaints Committee.

Capricorn to raise $65m

Capricorn Metals is set to raise $65 million via a share placement it says will underpin the development of its $132 million Karlawinda gold project.

Cirrus wins govt contracts

Cirrus Networks says it has won two contracts with the Western Australian government worth a combined $5.5 million, less than a week after it announced it secured a $5 million contract with the Australian Capital Territory government.

EPA green lights $536m rail extension

The Environmental Protection Authority has recommended environmental approval for the state government's Thornlie to Cockburn rail line extension, despite adverse effects on residents and cockatoo habitats.

Balconi strengthens remote connection

Con Michael believes his portable, video conferencing technology can help save lives, and is calling on the state government to do more to help him realise this vision.

AFG set to buy rival for $120m

Australian Finance Group has signed a binding agreement to acquire Melbourne-based Connective Group in a cash-and-scrip deal worth around $120 million that will create an entity with over 6,575 brokers.

WA govt awards $40m of schools contracts

The state government has awarded three major school construction contracts, with Crothers Construction receiving two and EMCO Building the other.

Supreme Court upholds lawyer’s removal

Ronald Bower, the former sole principal of Perth-based Corser & Corser Lawyers, has been removed from the roll of legal practitioners, after the Supreme Court of Western Australia upheld the Legal Profession Complaints Committee’s decision.

Tana named EY Champion

EY has named Nick Tana as its Champion of Entrepreneurship at the 2019 Entrepreneur of the Year Western Region awards, while Jim Fitzgerald, Iris Smit and Daniel Morrison were among the seven other winners in Western Australia.

AGL to snap up Perth Energy in $93m deal

AGL Energy is set to continue its rapid expansion into the WA market, after it struck a deal to purchase WA’s third-largest electricity retailer, Perth Energy, for up to $93 million.

$147m figure revealed for Wood & Grieve purchase

Canadian company Stantec has disclosed it paid C$135.8m ($147 million) for Perth-based Wood & Grieve Engineers, which it acquired in March, nearly 60 years after the Perth-based company was established.

Galaxy flags Mt Cattlin write-down of up to $274m

Galaxy Resources said it expects to record a non-cash impairment charge of between $US150 million ($222 million) and $US185 million ($274 million) for the first half of 2019, reinforcing the current bleak conditions in the lithium sector.

Iron ore price collapses on trade tensions, Vale revival

Shares in Australia's big three iron ore miners have broadly stabilised today after suffering big falls in recent trading sessions, in line with a dramatic collapse in the iron ore price, which is down more than $US23 per tonne since its peak last month.

Macmahon’s Telfer contract dispute talks collapse

Macmahon Holdings and Newcrest Mining are heading towards a legal battle, after talks over a mining services contract dispute at the Telfer gold mine fell through.

Wellard sells Swagman for $US25m

Heytesbury has been gazumped by a company from Luxembourg after it struck a deal to purchase Wellard’s M/V Ocean Swagman.

Gold juniors gearing up for legal stoush

Claremont-based Arrow Minerals and Subiaco-based Dreadnought Resources could soon be embroiled in a legal battle, after Arrow raised issues with Dreadnought’s acquisition of the Illaara gold project from Newmont Mining.

Swift’s founder reaps big gain on performance shares

Swift Media founder Robert Sofoulis is set to pocket a windfall of about $3.8 million after the vesting of performance shares, despite the company expecting its underlying earnings to fall by over 7 per cent for the 2019 financial year.

New car sales record first rise in 14 months

Sales of new vehicles in Western Australia bucked the national trend and rose by 5 per cent in July, primarily due to the sports utility vehicle (SUV) market segment, marking the first overall increase in monthly sales since May last year.

Juniors to raise $15m

WA-based juniors Titan Minerals, Coziron Resources, Galan Lithium, Anglo Australian Resources, and Big River Gold have announced share placement activity on the ASX today.

Wyllie successfully spills Redbank board

The entire board of Redbank Copper has been spilled and replaced today after the company’s largest shareholder, Wyllie Group, requested the motion just over a month after chairman Michael Fotios was declared bankrupt.

Signs of WA retail revival

A rebound in the local retail sector may be on the horizon, after Western Australia recorded the second largest rise in retail spending among states and territories, according the latest Australian Bureau of Statistics data.

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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.

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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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