As editor, Mark oversees the day-to-day online news at Business News. His particular brief is following major deals, the professions and private/family businesses. Mark has 35 years' career experience, primarily in business journalism. Before becoming a journalist, he was an economist with the Commonwealth Treasury in Canberra. He has worked for The Australian Financial Review and The West Australian, and also has public relations and corporate affairs experience.
CPB Contractors has failed in its application for an injunction against engineering group JKC Australia, which is claiming $39.2 million of liquidated damages related to work on the Ichthys LNG project.
A Chinese consortium is set to take control of the Dampier to Bunbury gas pipeline and several power stations across WA after regulators and shareholders today approved the $7.5 billion takeover of listed company DUET Group.
The University of Western Australia could be forced to pay nearly $5 million to Bibra Lake business TSW Analytical after the Court of Appeal found its relationship with the spin-out company was largely undocumented and opaque.
The Japanese owners of the Bluewaters Power Station near Collie face the prospect of substantial payments to the energy market operator, after an incident that has put one of its generating units out of service for up to six months.
SPECIAL REPORT: Western Australian stockbrokers and companies raised nearly $1.1 billion in 104 transactions in the March quarter, with gold deals being a major driver of activity, according to new data compiled for the BNiQ Search Engine.
SPECIAL REPORT: The mergers and acquisitions market was eventful in the March quarter, with Chinese and private equity investors to the fore, multiple WA businesses on the block, and a surprise advisory switch on a key takeover.
In this Business News podcast, Mark Pownall and Mark Beyer discuss property in Scarborough, Claremont, Elizabeth Quay and the Hyatt, Private capital boosts HealthEngine and Muscleworx, distilleries win gongs and March quarter deals environment.
The top Western Australian company in this year’s Energise accelerator program is developing an ambitious plan for robotic on-site manufacturing of equipment it believes will boost safety and dramatically cut costs at open pit mines.
Perth-based HealthEngine has shown that investors still have an appetite for quality tech companies, announcing today it has raised $26.7 million from venture capital and private equity investors in a deal led by major global player Sequoia India.
The number of people living in regional Western Australia fell last year for the first time in at least a decade, with mining towns such as Leinster, Meekatharra, Kambalda and Coolgardie driving the decline, new data from the Australian Bureau of Statistics shows.
Perth-based director Andrew Chapman is at the centre of an escalating battle between the board and the management team at US-focused tech company 1-Page over control of the business and its $30 million of cash.
A former chief of staff to Premier Mark McGowan has been seconded to a senior role in the Department of the Premier and Cabinet, triggering speculation he may become the next director general, putting him at the centre of government power.
Private company Applied Electro Systems has become enmeshed in a legal fight with construction giant John Holland after the two businesses had a falling out over contracted work on Chevron’s Gorgon gas project.
Sodexo has been shortlisted with two other companies to manage all of Rio Tinto’s camps and other facilities in the Pilbara, in the same week it has been awarded a contract to run Shell’s Prelude Floating LNG facility.
A joint venture comprising Henderson-based contractor Civmec and international engineering firm Black & Veatch has been selected as preferred proponent for a $196 million wastewater project south of Perth.
The Kailis family has folded its Kailis Bros seafood business into a larger, newly-capitalised venture called KB Foods that will be 90 per cent owned by Hong Kong-listed conglomerate Legend Holdings. Click through to see the multiple WA businesses owned by members of the Kailis family in WA.
Woodside Petroleum is hoping to win state government backing for a new 700-bed fly-in, fly-out camp at Karratha, after selecting a consortium led by Multiplex and Compass Group to build, own and operate the facility.