Tayler Neale is the online reporter at Business News. He also reports on junior mining and the business of sport. Tayler completed a bachelor of commerce and a bachelor of economics at the University of Western Australia in 2015, majoring in corporate and investment finance, international business economics and money and banking. He previously worked as a journalist at the Albany Advertiser.
The board of Navitas has rebuffed a $2 billion takeover offer from a consortium of investors, which includes co-founder Rod Jones, saying the deal is well below its valuation of the education services company.
National automotive services business AMA Group has struck a $68 million deal with new investors, which includes a big share selldown by management, after Perth-based Andrew Hopkins became the company’s chief executive.
The redevelopment of the former New Esplanade Hotel near Elizabeth Quay is scheduled for completion in the first quarter of 2019, with the new facility set to feature a rooftop bar and co-working spaces.
Perth’s annual inflation rate has hit its highest mark in nearly three years, driven by rising electricity prices in the September quarter, according to the latest data from the Australian Bureau of Statistics.
Property developer Nicheliving has hit the restart button on its planned ASX listing, after making several major changes to the business, including announcing plans to appoint a new corporate adviser and auditor.
Carnegie Clean Energy will take a reduced stake in ASX-listed Tag Pacific in exchange for the Perth company’s battery storage and microgrid business, after the parties agreed to remove a $2.2 million cash component from their original deal.
New Zealand-based investment group Infratil is considering selling its majority stake in local electricity provider Perth Energy, which recently returned to profit after running at a loss for the past three years.
Moody’s Analytics is forecasting continued weakness in Perth's residential property market this year but a return to positive growth in 2019, with Perth’s western suburbs and Mandurah tipped to be the best-performing regions.
Perth house prices were up 0.3 per cent in March, and have risen in four of the past six months, according to the latest data from CoreLogic, adding to hopes of a sustained improvement in the residential property market.
The state government has approved design alterations to the Swan River pedestrian bridge in an attempt to cut $4 million in construction costs, while also announcing further delays to the bridge’s opening date.
Western Australia's premier food and wine event, Margaret River Gourmet Escape, will be held in its current form for just one more year, with the state government planning a reconfigured event that includes the Swan Valley in 2019.
Byrnecut executive chairman Steve Coughlan has slammed the state government’s decision to crack down on payroll tax exemptions, saying his company will no longer receive the exemption for courses being undertaken by 1,200 employees.
UPDATED: Australian startups will now be able to raise capital via crowdfunding sources after the corporate watchdog today approved the first batch of licences allowing companies to act as intermediaries in the process.