Business News

The Reserve Bank of Australia's stance on rates may be getting a little less neutral after Australian economic growth fell well short of the central bank's own downgraded forecast.

Carnegie Clean Energy has reported a net loss of $45 million for the half year, largely due to a write-down to the value of its intellectual property.

Our daily board moves wrap includes Evan Cross, Craig Burton, Chris Bath, Charles Morgan, Stephen Keenihan, and Allan Boss.

Telstra is set close its approximately 78 business centres and open 28 business technology centres in their place.

The state government has continued its rollout of off-grid renewable systems, with Perth-based CPS National set to install micro power systems in the Esperance region.

Western Australian tourism businesses have won 16 medals at the 2018 Qantas Australian Tourism Awards, the largest medal haul for the state since the awards' inception in 1985.

Coles is offloading management of its 87 pubs, including four in Western Australia, in a $200 million deal with private equity controlled Australian Venue Co.

Brendan Borg has stepped down as managing director of Celsius Resources but remains on the board as non-executive director.

Capricorn Metals advises that the Share Purchase Plan described in the offer booklet dated 6 February 2019 closed on 21 February 2019.

Our daily board moves wrap includes Mariah Khoury, Nicki Farley, Mathew O'Hara, Oonagh Malone, Chris Banasik, Steve Parsons, Andrew Vickerman, Marcus Engelbrecht, Stephen Copulos, Andrew Richards, Greg Gaunt, Tony Chong, David McGowan, Rachel Kerr, Kate Sainty, Steven Wood, Jason Conroy, Robert Martin, Tim Wither, Ian McCubbing, Tony Lofthouse, Phil Bruce, Rick Crabb, and Philip Crabb.

RCR Tomlinson Administrators McGrathNicol has announced UGL has purchased the RCR Upgrades and Maintenance business.

Catalyst Metals has announced that Gold Exploration Victoria, a subsidiary of Hancock Prospecting, has agreed to subscribe for a $13.02 million placement of Catalyst shares.

The cash-strapped company that received Western Australian government funds despite not meeting milestones attached to a wave power project has been suspended from trading on the Australian stock exchange for failing to lodge its half-year financial report.

Our daily board moves wrap includes Rebecca Broughton, Kym Verheyen, Steven Zaninovich, Chris van Wijk, and Darren Townsend.

State government agency VenuesWest and contractor Perth Aluminum Scaffolds have each been fined $90,000 over the death of a worker who fell through a skylight in the roof of HBF Stadium in Mt Claremont.

Civmec has secured a fabrication and assembly contract at BHP's South Flank iron ore project in the Pilbara, taking its total at the project to $48 million.

Our weekly appointments wrap includes Scott Nugent, Michael Britton, Charmaine Reay, Paul Hindle, Jon Ricciardone, Deborah Terry, and Frank McLoughlin.

Shipbuilder Austal has increased its shareholder payout after announcing a two per cent lift in first-half profit on its expanding US Navy and commercial ferry work.

Jamie Armes has resigned as company secretary of Alta Zinc. Current finance director Stephen Hills will take over the role of company secretary.

Australia's biggest miner Rio Tinto says it will return billions to shareholders, after it recorded a 2 per cent rise in underlying earnings for 2018, to US$8.63 billion ($12.2 billion).

A consortium of leading property developers and investors, including Fini Group, Minderoo Group and Linc Property, has today launched a major new industrial estate in Perth, the Roe Highway Logistics Park (RHLP).

Tempo has secured a contract with Woolworths estimated to be worth between $20 million and $25 million over a three-year term, with a scope for more works over the contract term worth about $5 million.

Southern Cross Electrical Engineering has reported a net profit after tax of $4.5 million for the first half of the financial year, a rise of 66 per cent from the prior corresponding period.

After acquiring custom engineering firm Groves Manufacturing & Tooling on January 1, Nexxis will restructure and rebrand its new acquisition under the name SixDe, as it pushes into the robotics industry.

Macfield Construction Pty Ltd, Halls Star Pty Ltd, Fennessy's Motors Pty Ltd, Apotheke Pty Ltd, Q Collections Pty Ltd, BXLXS Pty Ltd, A1J Auto Parts Pty Ltd as trustee for the RSM Family Trust...

Our daily board moves wrap includes Mark McConnell, Andrew Stott, Eric Hughes, Martin Carolan, Garry Triglavcanin, Bill Hornaday, and Lindsay Ward.

Ausdrill has secured a two-year contract extension for works at the Nsuta manganese mine in Ghana, West Africa.

Altura Mining has announced it its closer to the production target at its Pilgangoora lithium project, after it made improvements to the processing plant.

SRG Global has reported solid half-year results but its shares fell sharply after it lowered its full-year guidance on the back of project delays.

Our daily board moves wrap includes Po-Tao Wei, Yi-Chin Chen, Chia-Tai Chiang, Ian King, Nicholas Sage, David Tasker, Li Yi, and Victor Goh.

Evolution Mining has purchased a 19.9 per cent stake in Tribune Resources, which holds a major interest in the East Kundana project operated by Northern Star Resources.

Medical cannabis company AusCann Group Holdings has appointed international pharmaceutical executive Ido Kanyon as its new chief executive, nearly five months after it was announced that Elaine Darby would resign from the role.