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.
The tail end of the tech stock listing boom will continue tomorrow when two companies start trading on the ASX, with one completing its IPO nearly three years after it first announced listing plans and the other completing an RTO in a relatively efficient five months.
The last 10 days of 2016 were a busy period for WA corporate deals, with the Rae family attracting a bumper price for its Gull New Zealand business, Chinese group MMG selling the Golden Grove mine, Diploma Group going into receivership and seven new listings on the ASX.
The state government is targeting transport and occupational licences as the first comprehensive set of services to be offered through a new web site that it hopes will eventually become a single portal for accessing all services.
SPECIAL REPORT: Many politicians, including senior government ministers, go through their careers as ‘grey’ men or women, barely getting noticed and having little impact; the same could never be said of Brendon Grylls.
The competition watchdog said today it planned to deny authorisation to a proposed partnership between Virgin Australia Holdings and Alliance Aviation Services because it would lessen competition in the West Australian market.
The planned three-way merger between Perth-based Emeco Holdings and east coast companies Orionstone and Andy’s Earthmovers will not proceed as planned after the deal failed to win sufficient backing from creditors.
In a rare move for the pro-mining Barnett government, environment minister Albert Jacob has sided with the Environmental Protection Authority and rejected appeals by Canadian company Cameco over its proposed Yeelirrie uranium mine in the Goldfields.
Paladin Energy has offloaded its entire shareholding in Deep Yellow, taking advantage of a share price spike after the uranium miner’s former managing director John Borshoff joined the junior explorer.
The chairmen of Perth companies South32 and Alexium International Group have singled out global firm Institutional Shareholder Services for criticism amid ongoing debate over the role of proxy advisers.
The Barnett government is hoping to raise $3 billion by selling 51 per cent of Western Power to Australian investors, and will also use the privatisation deal to remove about $8 billion of debt off the state’s books.
Shareholders in agribusiness Wellard have strongly rejected four resolutions at the company's annual meeting, though their anger over the company's poor performance was not enough for the nominee of a dissident shareholder to get elected to the board.
SPECIAL REPORT: Some of WA’s top company directors have achieved extraordinary gains in their wealth over the past year, and while most held onto their shares, a group of 11 reaped more than $180 million from share sales.
Attorney General Michael Mischin said today he was disappointed at the federal government’s role in overturning state legislation designed to settle the long-running Bell Group dispute, as the amount of litigation around the matter once again escalates.
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.