Latest Headlines

Top chefs gather for foodie fest

Farmers, cooks, producers and consumers will join one of Australia's top chefs Ben Shewry this Sunday for a series of workshops, panel discussions and talks as part of Perth's inaugural Food and Drink Symposium. 

Payment delays hurt small business

Big companies are bullying smaller businesses in Western Australia, with more than half reporting they're not being paid on time, according to a new report.

Shares close 37pts lower

Steep losses from the heavyweight mining, banks and telco sectors have led the Australian share market lower.

Contractors sought for Shenton Park Hospital redevelopment

Early works have begun on the state government's planned redevelopment of the Shenton Park Hospital into a residential and retail precinct, with expressions of interest for the first two lots to open next week.

Iron ore bolsters WA rich lister rankings

An improved iron ore price delivered huge boosts for mining magnates Gina Rinehart and Andrew Forrest, who were two of the three Western Australians to feature in the top 10 on the nation's best known rich list.

Festival honours Fremantle’s past

Visitors to Fremantle will take a step back in time as the city kicks off its annual heritage festival today. 

State government still plans to win ships work

The state government will appoint a defence advocate to lobby Canberra to win work slated for South Australia.

Mark my words podcast

In this Business News podcast Mark Pownall and Dan Wilkie discuss Forrest's donation, Midland Gate expansion, investing in man caves and ICT for small business. 

ACCC shifts on regional internet levy

Australia's competition regulator will allow non-NBN high-speed internet providers to pass on federal government's proposed $7-a-month levy for regional services to customers.

Brainchip to push sales efforts with $6m raising

Technology company BrainChip Holdings has tapped investors for $6 million to expand its sales and marketing efforts.

Poseidon to spend $25m on Silver Swan

Poseidon Nickel expects to spend up to $25 million to restart operations at its mothballed Silver Swan mine near Kalgoorlie, according to a definitive feasibility study released today.

Dick Smith investors plan class action

Shareholders in failed consumer electronics retailer Dick Smith are a step closer to taking class action against the business on the grounds they were misled about the company's profitability.

Shares open 37pts lower

The Australian market has settled lower in early trade as a slide in global oil prices overnight weighed on investor sentiment, sending the indices lower.

$A slumps against $US

The Australian dollar is sharply lower against its US counterpart as the oil price plunges five per cent and the US dollar rebounds.

Oil plunges 5% on OPEC cut disappointment

Oil prices have tumbled five per cent as the extension of output curbs by OPEC and other producing countries disappoints investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March.

Gold eases as $US steadies

Gold prices have eased as the dollar came off its lows and world stock markets scaled fresh highs.

Morning Headlines

Monopoly fears over shipyards

Shares close 20pts higher

The share market has gained ground as strength in the mining and energy sectors outweighed falls by retailers, while the Australian dollar returned to a three week high.

Support blooms for Cystic Fibrosis

Hundreds of volunteers and businesses across the state have joined forces to sell more than 13,000 long-stemmed roses in support of children and young adults living with Cystic Fibrosis.

Merchant merges with Somers

Financial services firm Merchant Group has announced plans to merge with investment bank and funds manager Somers & Partners.

Buru takes full ownership of Ungani

Onshore oil producer Buru Energy has taken full ownership of the Ungani operation in the Canning Basin as part of an asset swap with its joint venture partner, Mitsubishi Corporation.

Cutting-edge tech project launched in Perth

An innovative project involving government agencies and private players has the potential to streamline and coordinate public works projects, reducing traffic congestion and saving costs, according to its proponents.

Bidders shortlisted for Murdoch Medihotel

Five bidders have been shortlisted to build the state's first Medihotel at the planned Murdoch Health and Knowledge Precinct, with the successful tenderer to be announced mid-year.

AHG flags profit downgrade, write-downs

Perth-based Automotive Holdings Group will incur a $35 million write-down hit from the closure of some of its underperforming businesses, in response to the weak market for car retailers combined with recent regulatory changes by the corporate watchdog.

Little shelter from fallout

OPINION: Australia is becoming increasingly vulnerable to global, and local, economic shocks.

Strong returns, teething troubles for graphite

Graphite players have posted strong share price gains in the past 12 months and raised $66 million between them, but they are struggling to kick off production of the mineral. 

Tourism WA opens east coast office

Tourism WA will open shop again in Sydney after nearly seven years as part of moves to boost the industry's contribution to the sluggish state economy.

Swick raises $5m, buys tech business

Swick Mining Services has raised about $5 million from investors to fund the buyout of minority shareholders in a mineral analysis and measurement technology company in which it already owns a major stake.

More retail woes as Topshop hits the skids

The company operating Topshop's Australian stores has entered voluntary administration, becoming the latest in a list of retailers to stumble amid sluggish consumer spending.