Latest Headlines

Saracen ups bid for Bligh's gold project

Saracen Mineral Holdings has increased its offer for Bligh Resources' Bundarra gold project after Zeta Resources made a competing bid last week.

Spotless rejects $1.26bn Downer bid

The board of cleaning and catering company Spotless has rejected mining services group Downer's $1.26 billion takeover bid, describing it as hostile and highly conditional.

Shares open 25pts higher

The Australian share market has opened higher as investors welcome the increased popularity of centrist pro-Euro candidate Emmanuel Macron in the first round of the French presidential election.

Morning Headlines

US company tax cut boost

$A higher against $US

The Australian dollar is higher against its US counterpart despite the US dollar index stengthening with traders squaring positions ahead of the weekend.

Oil dives, sending US crude below $USUS50

Oil prices have tumbled more than 2 per cent, notching the biggest weekly decline in more than a month on mounting evidence that US production and inventory growth were offsetting OPEC's attempts to reduce the global crude glut.

Gold climbs quietly ahead of French vote

Gold prices have risen slightly with investors awaiting the first-round of voting in the presidential French election at the weekend and possible announcements about tax changes in the United States.

CPB fights $39m Ichthys claim

CPB Contractors has failed in its application for an injunction against engineering group JKC Australia, which is claiming $39.2 million of liquidated damages related to work on the Ichthys LNG project.

Malaysian developer acquires second Perth site

A major Malaysian property developer is eyeing Perth as a launchpad for an entry into the Australian market, off the back of a $14 million acquisition of a development site in Leederville.

Research stirs debate over apartment size

Fresh research shows apartment residents are increasingly moving towards larger dwellings, but one of the city's top sales executives says there remains a market for all apartment types.

Shares close 32pts higher

The Australian share market has closed higher, boosted by positive overseas leads and a lift in the price of iron ore.

Mark my words podcast

In this Business News podcast, Dan Wilkie and Mark Beyer discuss 457 visas, chief executive salaries, Chinese investment in WA and the state of the construction industry.

Barnett defers major call

OPINION: Colin Barnett has decided to stay on as the member for Cottesloe, but how for long is another matter.

Veem manager resigns amid court action

The recently recruited global sales manager of Perth engineering company VEEM has been forced to resign after his former employer took Supreme Court action, claiming he breached terms of his employment agreement.

Job apps target a mobile workforce

Students and hospitality workers are the key cohorts first targeted by new mobile apps GoCasual and Squaddle, both of which have been developed by Perth startups.

CEO lunch with Terry Agnew

Business News sat down to lunch at Julio's with RAC head Terry Agnew to discuss his long career in the sector and the future of motoring.

15-year ban for Perth real estate agent

A Perth real estate agent who forged signatures on fake contracts to pocket $30,000 has been banned from working in the industry for 15 years.

Chevron loses $340m tax appeal

Chevron Australia has lost its appeal of a 2015 Federal Court ruling regarding the company's financial and taxation relationship with its US parent, although the company has not ruled out a High Court appeal.

CBA hikes interest-only and investor rates

Commonwealth Bank of Australia is again lifting mortgage rates for investor and interest-only loans, by as much as half a percentage point.

Zeta emerges with Bombora takeover plans

Two days after Magnum Gas & Power ended plans to acquire private company Bombora Natural Energy, Perth-based Zeta Petroleum has revealed its own merger plans with the target.

CKI’s $7.5bn Duet bid approved

A Chinese consortium is set to take control of the Dampier to Bunbury gas pipeline and several power stations across WA after regulators and shareholders today approved the $7.5 billion takeover of listed company DUET Group.

Woolworths wins dispute with Lowe's

Woolworths can press ahead with the sale of Masters' property assets after winning a stoush with former US joint venture partner Lowe's.

App/tech business of the week ~ Fieldmagic from CRM Online

Fieldmagic is a job management, maintenance, quoting and CRM platform designed from the ground up with field services in mind. Built on a leading CRM platform, it comes with an ecosystem of add-ons and integrations.

Shares open 41pts higher

The Australian share market is trading solidly higher after better-than-expected company earnings reports bolstered Wall Street's key indexes.

Morning Headlines

House wars: Labor to hit super funds

$A creeps higher against $US

The Australian dollar is modestly higher against its US counterpart with investors seemingly willing to take on greater risks.

Oil prices mixed in choppy trade

Oil prices have ended mixed after a seesaw trading session, as investors weighed rising US production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely.

Gold steady on softer $US

Gold has steadied after its biggest one-day drop in more than six weeks, with a retreat in the US dollar arresting the slide, though moves were muted as markets await the outcome of the looming French presidential election.

Construction contracts and tenders April 5 to 19

Thomas Building has won the contract for the construction of Griffin Group's 204 Walcott development in Menora. The building consists of 11 apartments, six offices, and a caf.