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Mark Beyer AAP

Navitas up 21% on $2bn takeover

Shares in Perth-based education services provider Navitas closed 21.8 per cent higher today after the company received an indicative takeover proposal from consortium that includes founder and director Rod Jones.

WA accepts $3.3bn GST compromise

The planned overhaul of the GST distribution system may not be perfect, but it's a pragmatic and creative response all states and territories should be able to accept, Western Australian Treasurer Ben Wyatt said today.

Wesfarmers to spin-off grocery giant Coles

Investors have welcomed today's news that Wesfarmers plans to spin-off supermarket giant Coles and create a separately listed business that would rank among the 30 biggest on the Australian stock market.

Vocus chairman leaves after five months

Seventeen months after Perth investor Anthony Grist left the board of Vocus Communications after failing to secure backing for a leadership shake-up, the three former M2 Group directors who retained control at that time have all resigned from the underperforming telco business.

BHP hikes South Flank cost

BHP Billiton has increased the expected cost of its South Flank iron ore project to $US3.6 billion ($A4.6 billion), substantially above the estimated range it provided in June 2017 when initial funding was approved.

Iron ore, oil drive stocks higher

The Australian share market is at its highest level in almost 10 years, with the benchmark S&P/ASX200 index closing 1 per cent higher today and the Western Australia-focused BN30 index jumping 1.8 per cent to a new high.

Market steady but Quintis down again

The share market ended the day steady after early gains by the big four banks evaporated in afternoon trade, and miners fall on weaker iron ore futures.

Tribunal makes misconduct finding against Scaffidi

Opposition leader Mike Nahan has joined Premier Mark McGowan in calling for Perth Lord Mayor Lisa Scaffidi to resign, after the State Administrative Tribunal today found she had committed 45 serious breaches of the Local Government Act by not disclosing travel and accommodation gifts.

Wellard taps investors for $52 million

Loss-making livestock exporter Wellard is undertaking a share placement and entitlement offer as part of a $52 million capital raising it hopes will allow it to exploit a predicted improvement in trading conditions.

Fortescue, Vale JV plans could fall over

 Fortescue Metals Group said today its proposed joint venture with larger Brazilian miner Vale, for blending their iron ore at key Chinese ports, could fall over.

Most-read

Tribunal makes misconduct finding against Scaffidi

Opposition leader Mike Nahan has joined Premier Mark McGowan in calling for Perth Lord Mayor Lisa Scaffidi to resign, after the State Administrative Tribunal today found she had committed 45 serious breaches of the Local Government Act by not disclosing travel and accommodation gifts.

Wesfarmers to spin-off grocery giant Coles

Investors have welcomed today's news that Wesfarmers plans to spin-off supermarket giant Coles and create a separately listed business that would rank among the 30 biggest on the Australian stock market.

WA accepts $3.3bn GST compromise

The planned overhaul of the GST distribution system may not be perfect, but it's a pragmatic and creative response all states and territories should be able to accept, Western Australian Treasurer Ben Wyatt said today.

BHP hikes South Flank cost

BHP Billiton has increased the expected cost of its South Flank iron ore project to $US3.6 billion ($A4.6 billion), substantially above the estimated range it provided in June 2017 when initial funding was approved.

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Tribunal makes misconduct finding against Scaffidi

Opposition leader Mike Nahan has joined Premier Mark McGowan in calling for Perth Lord Mayor Lisa Scaffidi to resign, after the State Administrative Tribunal today found she had committed 45 serious breaches of the Local Government Act by not disclosing travel and accommodation gifts.

Navitas up 21% on $2bn takeover

Shares in Perth-based education services provider Navitas closed 21.8 per cent higher today after the company received an indicative takeover proposal from consortium that includes founder and director Rod Jones.