Business News

Ultra Tune cops $2.6m ticket

The Federal Court has imposed a $2.6 million penalty on Ultra Tune Australia, after it was found the automotive servicing and roadside assist company made false or misleading representations about a franchise site, and then tried to mislead the court in its defence.

UGL locks in $200m contract extensions

UGL has secured $200 million worth of contract extensions to supply maintenance and turnaround services for its clients in the oil and gas sector.

Appointments January 18, 2019

Boston-based global advisory, restructuring and investment firm Gordon Brothers has opened its first Perth office, to be led by equipment valuation and auction industry veteran, Ben Gibson.

Board Moves January 11, 2019

Our daily board moves wrap includes Stephen Gethin, Avi Sthapak and Robin Luo.

Euroz reports net loss

Stockbroking and funds management company Euroz has foreshadowed a half-year net loss after investment losses offset a gain in underlying cash earnings.

Board Moves January 10, 2019

Our daily board moves wrap includes Steven Chadwick, Matthew Gauci, Mathew Longworth and John Strong.

Rottnest attracts more visitors

The number of visitors to Rottnest Island grew by 15 per cent to 769,000 in 2018 as construction of the Discovery ‘glamping’ village approaches completion.

Board Moves January 9, 2019

Our daily board moves wrap includes Avi Sthapak, Atmavireshwar Sthapak, Brian Joseph, Alain Bouruet-Aubertot, Kevin Lines and Tim Manners.

Board Moves January 8, 2019

Michael Curtis has been appointed non-executive director of MMJ Group Holdings.

Board Moves January 7, 2019

Phillip Coulson has been appointed non-executive director of Vital Metals.

Cape Lambert in halt ahead of Congo project update

Shares in Tony Sage's Cape Lambert Resources have been placed in a temporary halt, ahead of a pending announcement regarding the company’s Kipushi cobalt-copper tailings project in the Democratic Republic of Congo.

Board Moves January 3, 2019

Susan Hunter has resigned as joint company secretary of Kingsrose Mining. Current chief financial officer Karen O’Neill will become the sole company secretary.

Tribune, Rand reject Northern Star's $150m Kundana bid

Northern Star Resources has been knocked back in its $150 million bid to acquire a near-half stake in the East Kundana gold mine from its joint venture partners Tribune Resources and Rand Mining, which say the offer significantly undervalues the asset.

Board Moves January 2, 2019

Our daily board moves wrap includes Ken Chee, Trevor Schultz, Robert Schafer, Chris Singleton, Kobe Li, Graeme Smith, Tim Hronsky, John Dawson and Mathieu Ageneau.

Board Moves December 31, 2018

Chris Pointon has retired as non-executive director of Avenira. Dr  Pointon joined the board in June 2016 and became chair in Dec 2016 after the passing of the incumbent chair.

Board Moves December 27, 2018

Mark Zeptner has been appointed non-executive director of Explaurum. He is appointed as a nominee of Ramelius Resources, where he holds the role of managing director.

Board Moves December 24, 2018

Sheng Fu has resigned as non-executive director of Amani Gold.

Board Moves December 21, 2018

Paul Jago has resigned as non-executive director of Coolgardie Minerals.

Board Moves December 20, 2018

Kobi Zecharia has resigned as non-executive director of life sciences company eSense-Lab.

Aurora signs JV with WorleyParsons

Local tech company Aurora Labs has signed a joint venture agreement with WorleyParsons to provide an additive manufacturing service primarily for the resources sector.

Kewdale property sells for $45m

Charter Hall Group has acquired Coca-Cola Amatil’s principal Western Australian production facility for $45.25 million.

Lendlease secures $53m tunnel contract

Diversified contractor Lendlease has secured a $53.2 million state government contract to provide maintenance services for the Graham Farmer Freeway tunnel for the next six years.

Tech Scene - FlashMop

FlashMop is an Uber-style app connecting Perth households and businesses with highly rated local cleaners, on demand.

Board Moves December 18, 2018

Alliance Mineral Assets has appointed Mark Turner as executive director of operations, and non-executive director Geoffrey McNamara becomes non-executive chair.

HHG appoints three family lawyers

HHG Legal Group has appointed three solicitors to its family law practice.

Explaurum backs new Ramelius bid

The board of Explaurum has backed a revised takeover offer from Mark Zeptner-led Ramelius Resources for the gold explorer.

McGees wins $5.5m contract

National group McGees Property has been awarded a $5.5 million state government contract to provide leasing services for the Department of Transport.

WestStar secures $4.5m Rio contract

WestStar Industrial has won a $4.5 million contract with Rio Tinto for works at the Cape Lambert port facility, taking the local contractor’s order book to $30 million.

Board Moves December 17, 2018

Nicholas Ong has replaced Ian Hobson as company secretary of White Cliff Minerals. Mr  Ong is also a non-executive director of the company.

Sam Walsh to chair Gold Corp

The state government has selected former Rio Tinto boss and current Mitsui & Co director Sam Walsh as the new chair of Perth Mint operator Gold Corporation.

Austal locks in US contract, $80m govt loan

Austal has secured a contract to build two vessels for the US Navy, while also announcing that the Commonwealth has agreed to loan the government of Trinidad & Tobago $80 million to support a purchase from the local shipbuilder.



$120m in new work for Monadelphous

Perth-based Monadelphous Group has received a number of contracts with multiple clients including Fortescue Metals Group, BHP Billiton and Chevron, with the work worth a combined $120 million.

FMG appoints Gaines as CEO

Fortescue Metals Group has announced major changes to its leadership, with a new chief executive taking the reins and its directors taking a hands-on role to support an updated strategy that focuses on producing more higher-grade iron ore.

Perth CBD office vacancy hits 25-year peak

Downsizing in the resources sector is outstripping emerging demand from technology, medical and education businesses for CBD office space according to a new report by independent property research firm Y Research.

Gow questions builder's financial status

The building commissioner has put out a public warning against a local building company, saying its financial status warrants questioning.

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EPA rejects MinRes, Sinosteel iron ore mines

The environmental watchdog has recommended rejection of two proposals to mine iron ore in Western Australia because they would cause irreversible damage to the land.

Govt unveils marina, dust plans for Port Hedland

The state government is planning to restrict new residential developments in the west end of Port Hedland while also implementing a new regulatory framework for air quality in the town, which is located adjacent to large iron ore stockpiles.

Robert Kennedy passes away

Company director Robert (Bob) Kennedy, who was a director or chairman of four ASX-listed companies, has passed away after a short illness.

Taxi plate buy-back part of transport shake-up

Perth taxi and Uber users may see a 10 per cent fare hike for the next four years to fund taxi plate buy-backs as the state government revamps on-demand transport.