Latest Headlines

ASX moves higher on rate cut hopes

The Australian share market has closed broadly higher following the release of board meeting minutes indicating the Reserve Bank is likely to cut interest rates again in the months ahead.

Tim Shanahan to chair Zetta

Perth-based IT services firm Zetta has recruited Tim Shanahan as its new chair, as it continues to pursue acquisition opportunities.

Tough calls make a mountain of difference

The wages of Australian workers could almost double in real terms by 2060, with manufacturing showing the biggest potential, aided by technology adoption and better management practices, according to a new report.

Bard1 raises $7.5m, makes board changes

Cancer-focused medical technology company BARD1 Life Sciences has raised around $7.5 million via a share placement and rights issue, and has appointed two non-executive directors to its board.

Machine learning mavericks meet Perth mainstream

A group of emerging Perth minds is using machine learning for everything from power grids to poetry.

Trade war may spark rare earth opportunity

An exotic mineral once mined Iluka Resources could bring about a resurgence in demand, as US-China tensions persist.

Fleetcare secures $150m in funding

Wangara-based Fleetcare has struck a $150 million deal with an undisclosed major Australian bank, which it says will pave the way for additional growth.

Macmahon buys GBF for $48m-plus

Mining services firm Macmahon Holdings has acquired underground mining contractor GBF, which currently has around $266 million worth of work in its order book.

WA Labor backs Setka expulsion

WA Labor’s state executive has backed a motion calling for the expulsion of construction union boss John Setka, albeit by a small margin, and with Premier Mark McGowan using the issue to step up his attack on Maritime Union of Australia boss Christy Cain.

Podcast: Office Hours with Damian Stone

Host Damian Stone sits down with John Nicolaou and Brodie McCulloch to discuss jobs and the changing nature of work in the latest episode of Office Hours, the property podcast of Business News.

ASX moves higher as Coles shares jump

The Australian share market is higher at midday, with most sectors except telecom industrials posting gains.

Architects shortlisted to redevelop Cottesloe's Indiana

Andrew Forrest’s Minderoo Group has named a shortlist of four architecture firms to guide the redevelopment of Cottesloe’s famous Indiana Tea House.

Coles hits new high on $1bn savings target

Coles shares have hit a new high after the supermarket announced a $1 billion cumulative savings target over four years to compete with new discount grocery market arrivals such as Lidl and Kaufland.

DJ Carmichael acquired by Shaw and Partners

Shaw and Partners has acquired Perth-based financial advisory and planning firm DJ Carmichael, which has approximately $650 million funds under its advice.

Morning Headlines

Gina joins the payroll fight Multibillionaire iron ore magnate Gina Rinehart has called on the State Government to turn WA into a business utopia by getting rid of payroll tax. The West

Oil prices fall 1% on economic worries

Oil prices fell more than one per cent overnight after more poor Chinese economic figures fanned fears of lower worldwide oil demand.

Gold dips as US rate cut expectations ease

Gold prices slipped further overnight after sliding from a more-than-14-month high the previous session on upbeat US economic data that dampened expectations the Federal Reserve could ease interest rates.

Shareholders welcome Flinders changes

Shares in Flinders Mines were up 32.7 per cent today after the company announced board changes and an independent review into infrastructure options for its flagship project.

Pilgangoora sales limited on construction delays

Shares in Pilbara Minerals have fallen up to 10 per cent today after June quarter sales from its Pilgangoora project are expected to be lower than originally anticipated, due to construction delays by its offtake partners.

ASX closes lower as miners, telcos slip

The Australian share market has given up its early gains to close lower, dragged down by the big miners and the telecommunications sector.

US giant finds Perth partner

One of the US’s biggest players in commercial property is using Perth as a launchpad to building a presence across Australia and the Asia-Pacific, establishing an alliance with local agency Vicus Property Group to underpin its plan.

Straight shooters fire entrepreneurial bent

OPINION: Encouraging entrepreneurial behaviour can only benefit a state such as WA.

Local defence ecosystem grows business

SPECIAL REPORT: A strong network has developed in WA to help local businesses gain access to defence opportunities across the country.

Matrix the one for neo-materials

SPECIAL REPORT: Defence work is providing opportunities for businesses with oil and gas prowess such as Matrix Composites & Engineering.

Harvey’s policies rebuffed by business

Business peak groups have slammed newly minted opposition leader Liza Harvey’s policy shifts on public sector wages, privatising Western Power, and retail trading hours.

Blacktree broadcasts from Belmont to Britain and places in between

SPECIAL REPORT: A Belmont-based business is connecting military installations around Australia and across the world.

WA defence sector aims to build on contract wins

SPECIAL REPORT: Local businesses are already winning ongoing defence work as WA positions itself as a sustainment hub. Click through for our list of 25 deals won by WA contractors in the past year.

Evol seals gas supply deal

Wesfarmers subsidiary Evol LNG has secured a six-year deal to supply gas for a 14.5-megawatt power station to be operated by Zenith Energy at the Kirkalocka gold mine.

Prospect raises $5.2m

Prospect Resources has raised $5.2 million via a share placement and share options exercise, with the funds raised to be utilised for general working capital.