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Ship launches LNG as a Pilbara logistics option

Woodside Petroleum has officially launched its latest marine craft, taking the opportunity to showcase the newly built platform supply vessel Siem Thiima in Fremantle due to its capacity to use LNG as a fuel.

Commitments scarce on arts funding

The local arts sector has struggled to capture attention for a move it thinks is key to the sustainability and future development of the industry, with no political parties committing to the Chamber of Arts and Culture's proposed pledge of $100 million of increased funding over the next four years.  

Property industry says Labor's tax will hurt WA

Property industry lobby groups say WA Labor's plan to introduce a 4 per cent tax on foreign buyers of residential property if it wins the March 11 state election is a retrograde step for the state'

Rinehart business to become state’s largest

Hancock Prospecting is poised to become Western Australia's biggest private company after a investment and acquisition spree in iron ore and agribusiness which is expected some time this year to push its revenue past that of the incumbent number one for the past 12 years, home builder BGC. A 2018 reranking appears certain following research for the Business News Private Companies list published today in a special report.

Shares close 10pts lower

Australian shares finished lower on Monday, hurt by disappointing earnings results from logistics giant Brambles and engineering group Worley Parsons.

Foreign players cement their footprint

OPINION: Everyone exposed to the Australian retail industry knows how tough conditions are, but what they might not fully understand is the extent to which a once-local industry is being blasted out of business by international competition.

Arafura taps investors for $5m

Rare earths explorer Arafura Resources has announced a $5.1 million capital raising to fund ongoing work at its Nolans project in the Northern Territory.

AusQuest surges on South32 venture

Shares in local explorer Ausquest have surged on news the company has struck an agreement with BHP Billiton spin-off South32, with the two companies to form a joint venture over prospective projects.

Beach swings to profit after record sales

Beach Energy has swung to a first-half net profit on the back of record sales volumes and higher oil prices.

Matrix to pocket $14m from previously-binned contract

Perth-based manufacturer Matrix Composites & Engineering says it will be paid the full $US10.9 million ($A14.2 million) owed under a previously cancelled contract with an unnamed shipyard customer, but work under a second contract will not proceed.

WorleyParsons shares plunge on loss

Engineering and project management firm WorleyParsons says the slump in activity among its customers, which caused revenue to plunge by 35 per cent and pushed the company to a first-half loss, may have bottomed out.

Cautious campaigns aim for small targets

ANALYSIS: Both Colin Barnett and Mark McGowan wisely avoided making big spending commitments when they launched their formal election campaigns on Sunday.

Indigenous contractor signs third deal this year

Indigenous Construction Resource Group has diversified its business by purchasing consulting group NANA Australia, the local offshoot of a giant Alaskan native corporation.

Monadelphous JV lined up for $US250m contract

A joint venture between Monadelphous Group and Jacobs Engineering has struck an agreement to provide services to Oil Search's operations in Papua New Guinea, in a deal worth up to $US250 million.

PM aiming for WA GST floor in 2019-20

Prime Minister Malcolm Turnbull's promise to put a floor on what the states receive as a share of the revenue they raise from GST still stands, although it is still a few years away before it can be implemented.

Shares open 14pts lower

The Australian share market has opened slightly lower as Wesfarmers goes ex-dividend and logistics firm Brambles unveils a weaker-than-expected half-year profit.

Morning Headlines

Stamp duty battle in WA election

$A back below 77 US cents

The Australian dollar is lower against its US counterpart, slipping back below the 77 US cent mark.

Oil steady, but down for week on glut fear

Oil prices have ended steady on the day but lower on the week, with US crude notching its first weekly decline in five weeks, as the market weighed rising US drilling and record stockpiles against efforts by major producers to cut output to reduce a global glut.

Gold steady as equities rally loses steam

Gold prices have eased but have notched a weekly gain as investors opted for the safe-haven qualities of bullion due to uncertainty about US and European politics as well as the direction of stock markets.

Mark my words podcast

In this Business News podcast, Mark Pownall and Mark Beyer discuss Civic Heart, Richard Goyder, top IGA, local property market and WA private companies.

Shares close 10pts lower

Australian shares fell as losses across healthcare, resource and energy companies offset gains in some banking and real estate stocks amid another batch of company earnings results.

Solid six months for Fleetwood

Perth-based Fleetwood Corporation has posted solid results for the half year, with revenue higher and profit surging, but no dividends declared.

Tunnel costs lower than first forecast

The state government's estimate for the cost of a tunnel to complete Roe 9 has fallen dramatically since the option was first floated in 2014, according to documents obtained under freedom of information by Labor.

Mod up on drilling results

Shares in copper explorer MOD Resources closed higher on promising drill results at the company's T3 copper operation in Botswana.

Improving sentiment to drive property rebound

Perth's median house price is on the verge of upswing in 2017, as a stabilising labour market and surging commodity prices drive marked improvements in consumer sentiment.

Consumer choice can limit our options

OPINION: Modern commerce that places cheap and convenient at the head of the queue comes at a cost to other measures of value.

Wright recruits top lawyer

Private Perth company Wright Prospecting has bolstered its already impressive ranks with the recruitment of top lawyer Peter Wiese, who will guide it through continuing legal disputes with fellow Perth company Hancock Prospecting.

Cirrus lined up for Emeco IT job

Cirrus Networks has been earmarked for a contract to provide IT managed services to heavy earthmoving equipment supplier Emeco Holdings for an undisclosed sum.

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