News Articles for EY

SPECIAL REPORT: A startup company backed by Perth dealmakers John Poynton and Harry Karelis illustrates the commercial potential of cyber security.

EY has named Fiona Drummond as its next managing partner in Western Australia, making it the second of the big four accounting firms to have a female heading its Perth office, and only the sixth out of 86 accounting firms listed on the BNiQ Search Engine.

BDO has backed its confidence in WA's commercial outlook by purchasing boutique mergers and acquisitions firm Tomkins Turner Corporate Advisory

EY's Perth managing partner, Mike Anghie, is planning to join APM as its chief executive, four months after advising Quadrant Private Equity on the purchase of a 60 per cent stake in what is Australia's largest privately owned human services company.

Elizabeth Gaines' selection last week as the incoming chief executive of Fortescue Metals Group has shot her to the top of a very short list of genuinely powerful women in business in Western Australia. Click through to read more and see our listing of 12 leading WA women in business.

Australian businesses are underprepared for serious data breaches due to a lack of investment and awareness of cyber security, Ernst and Young's latest global information security survey has found.

A Supreme Court ruling handed down this week casts doubt on how the state government has calculated stamp duty on mining company takeovers, potentially overcharging miners tens of millions of dollars over more than a decade.

The founders of four Western Australian businesses, in industries ranging from mining software and horticulture to construction and industrial equipment, have been selected as finalists in the 2017 EY Entrepreneur Of The Year awards.

Building products company CSR has closed its Jandakot glass factory resulting in the loss of 58 jobs, though growth by competitors including Walshs Glass and Tough Glass will mitigate the impact.

The balancing act that allowed Australia's big four banks to lift their combined first-half cash profit to $15.6 billion is getting more precarious, analysts say.

While innovation is a necessity in every business founder's toolkit, it seems cutting-edge technology is not always something that plays a critical role in their success.

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.

Former Grant Thornton partner Matthew Donnelly and former Perth Airport executive Fiona Lander have brought to seven the number of external recruits to join Deloitte's Perth partnership in the past five months, offsetting moves by other partners such as Jenn Morris, who has retired from the firm.

Perth company SEQTA Software has combined with Melbourne-based Synergetic Management Systems to create Australia's largest education software business.

SPECIAL REPORT: Investment bank Gresham Partners and law firm King & Wood Mallesons were the top advisers on mergers and acquisitions in WA in 2016.

A national tourism business backed by Quadrant Private Equity has acquired Rottnest Express, one week after a food services business also backed by Quadrant announced plans to buy family-owned Sealanes.

Perth leadership and strategy consultant Kia Dowell has become the first Australian to be selected for a global mentoring program she hopes will help propel her business to international markets.

Interstate law firms are leading a wave of restructuring in the WA market, with big shifts in the ranking of lawyers in the BNiQ Search Engine.

Sir Ron Brierley-chaired Mercantile Investment Company appears to have been successful in its $21 million bid for Perth-domiciled, Singapore-based shipping business Richfield International.

Two Perth-based not for profits have teamed up to combine cancer support services, with SolarisCare and Cancer Support WA announcing their plans to merge.

The latest winners in the EY Entrepreneur of the Year awards have illustrated the diverse potential of the state's economy by developing value-adding businesses in sectors including education, oil and gas, agriculture, and construction.

SPECIAL REPORT: Former mining boss Charlie Bass and surgeon Peter Santa Maria are among the growing number of people in Western Australia looking to make innovation a commercial reality.

The chairman and co-chief executive of a Melbourne-based toy company has become the first Australian to be selected as global winner of EY's Entrepreneur of the Year award.

After last month's closure of Perth Theatre Company, Business News has delved into the financial reports of arts and culture groups in WA to check on their health.

A crowdfunded Australian bid for the S Kidman and Co cattle stations is gathering pace after securing a new business partner.

The Art Gallery of Western Australia has drawn on old supporters led by Wesfarmers and new partners like a robotics startup to help revitalise its activities.

Local oil explorer Pura Vida Energy has slashed director salaries and accepted the resignation of chairman Jeff Dowling as it seeks to further cut costs to preserve cash holdings.

Castillo Copper has appointed Nicole Fernandes as a non-executive director and Tim Slate as its joint company secretary.

WA business leaders have bemoaned the state government's failure to plan for life beyond the mining construction boom, but still see opportunities in other sectors.

One in four Australian business leaders is concerned about bribery and corruption in their own workplaces, an EY report has found.

Wesfarmers has disclosed that $18.1 million worth of supplier rebates had artificially inflated Target's half-year earnings and up to 10 people were involved in the collusion.

Any trade union-backed court challenge to the state government's updated wage policy would result in job losses in the public sector, Treasurer Mike Nahan warned today, as above inflation pay rises would need to be offset through lower staff numbers.

SPECIAL REPORT: How does a tech startup in Northbridge backed by a mining consultancy in West Perth manage to secure work on the world's largest privately funded infrastructure project, in Nicaragua? Business News profiles how CSA Global, Lycopodium, OTOC and PwC have chased diversification strategies.

Special Report: Falling commodity prices have led some mining contractors to circle the wagons, but others are cautiously targeting opportunities.

The state government has completed the first in a series of planned asset sales, announcing that it has concluded negotiations with an industry consortium to purchase the Perth Market Authority's Market City.

The state government's asset sales program has taken a step forward today, with Gresham Advisory Partners appointed as lead adviser for the partial sale of Keystart's loan book.

A planned $692 million takeover of Broadspectrum hangs in the balance amid uncertainty about its federal government contract.

The company operating Australia's Nauru and Manus Island detention centres has had its contract extended but is no longer the sole preferred bidder for the next five-year deal.

Deals and capital raisings in the mining and metals sector fell in 2015, according to EY, although asset sales from distressed parties coming onto the market could lead to an uptick in volumes in the year ahead.

Broadspectrum has resoundingly urged shareholders to reject the $692 million takeover offer from Spanish company Ferrovial, saying it significantly undervalues the business.