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Luxury builder in eighth MBA win

Luxury home builder A Di Bucci & Son has won top prize at the 2018 Master Builders-Bankwest Housing Excellence Awards, which were held over the weekend at a black-tie event at Crown’s Grand Ballroom.

Construction contracts and tenders Feb 8 to 21

McCorkell Constructions has been awarded a $1.6 million contract to perform stage B of the Perth Zoo lion exhibit upgrade.

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss Langoulant review, government CIO, apartment developers, private business including Morrison, Hancock and D’Orsogna.

MMA buoyant as losses cut

Marine logistics business MMA Offshore has cut its net loss in the half year to December as conditions in the oil and gas market stabilised.

App/Tech business of the week- Stuck

Stuck offers flexible roadside assistance from local automotive experts.

CBA denies AUSTRAC class action liability

Commonwealth Bank has denied liability in a shareholder class action alleging it breached continuous disclosure obligations with its handling of an Australian Transaction Reports and Analysis Centre investigation into its compliance with money-laundering and terrorism-funding laws.

Solid results day drives Aust share gains

The Australian share market has made solid gains after a strong lineup of company earnings results briefly drove stocks above 6,000 points on Friday before closing just shy of the mark and up 1.6 per cent for the week.

Paatsch moves to Force

The Western Force has moved swiftly to appoint Brad Paatsch as its commercial strategy boss, weeks after he was let go as the chief operating officer at Optus Stadium.

Divirgilio steps down at DVG

Japanese company IDOM will take over the day-to-day operations of DVG Automotive Group after chief executive Lou Divirgilio stepped back to focus on his role as chairman.

Government starts subbies pay review

The state government will review the security of payments for local subcontractors, while also establishing an industry advisory group, chaired by experienced barrister John Fiocco, to facilitate the review.

WA slips in world mining ranks

Western Australia has slipped in the latest rankings of an international survey that measures the impact of government policy on exploration and mining investment.

Raiden up strongly on debut

Shares in West Perth-based Raiden Resources (previously SubZero Group) enjoyed strong gains today after they started trading on the ASX, following a two-year restructuring of the company and acquisition of a copper-gold project in Serbia.

Joyce resigns after fortnight of pressure

Barnaby Joyce will step down as deputy prime minister and from cabinet on Monday, three weeks after it was revealed he had had an affair with a former media adviser.

Five-year ban for Perth adviser

The corporate watchdog has banned Perth-based financial adviser Philip Leake from providing financial services for the next five years after he was found to have given poor advice to a number of clients.

AHG upbeat on WA car market

Perth-based Automotive Holdings Group has flagged a slight reduction in profit for the half year, but the company said it had noticed increased confidence in the Western Australian car market.

Woolworths’ first-half profit soars 37%

Woolworths' first-half profit jumped 37.6 per cent to $969 million after comparable food sales at its Australian supermarkets rose 4.9 per cent.

VR takes training to next level

A couple of Perth businesses are leading the use of virtual reality in corporate training, with applications from the boardroom to a mine site.

CEO lunch with Mike Edmonds

A new book by Meerkats co-founder Mike Edmonds, Truth, Growth, Repeat, expounds a business philosophy influenced by four decades of advertising industry experience, good and bad.

Aust shares buoyed by miners, energy

The Australian share market has opened higher, buoyed by overnight gains on Wall Street and a steady flow of positive local earnings.

Morning Headlines

Qantas set to pay tax after strong result Qantas Airways is expected to begin paying corporate tax again from next year after reporting a record first-half result despite soaring fuel costs. The Fin

$A up half a cent against $US

The Australian dollar is up almost half a cent against a weakened US counterpart.

Oil rises after surprise US drawdown

Oil prices have risen to two-week highs, boosted by data showing a surprise draw in US crude inventories and also by a drop in the US dollar.

Gold swings higher as $US surrenders gains

Gold has snapped four sessions of losses as the US dollar has surrendered early gains, though the metal remained lower for the week to date and analysts say they expect trading to be rangebound.

Cedar Woods, Peet lift profit

Property groups Cedar Woods Properties and Peet have both reported increases in net profit after tax for the first half of the 2018 financial year.

Variety Bash takes hits, drives on

The Variety Bash has defied the odds and reached a major milestone, and its organisers say there’s plenty of road yet to travel.

Finish line nears for urban e-bike

The Perth company behind a new e-bike for city use plans to commercialise next year, despite bumps along the road.

Share market rises as Qantas soars

The Australian share market has posted a modest rise as big gains for Qantas, Crown Resorts and Nine Entertainment were partly offset by big ex-dividend retreats for AGL Energy and Woodside Petroleum.

BCL Group halts operations

A local landscaping company has suspended trading and operations due to financial viability problems a fortnight after one of the state's biggest builders, Cooper & Oxley, went into administration.

RCR notches profit boost

Engineering contractor RCR Tomlinson has reported a big boost in profits for the half-year, propelled by a near doubling in revenue as the company increases its stake in the renewable energy sector.

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