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IGO banks $53m profit

Diversified miner Independence Group has reported a big jump in profit for the 2018 financial year, driven by the first 12 months of commercial production at its Nova operation.

Gold explorers raise $10m in IPOs

Neil Warburton-led Coolgardie Minerals is set to list on the ASX tomorrow, while shares in Black Dragon Gold began trading today following a $6 million initial public offering.

Harmony helps find the sweet sales spot

Every sales presentation is different, and must be adapted to meet the customer’s needs.

Funding for WA not for profits

Anglicare and UnitingCare West are among eight not-for-profit groups to have secured financial backing from Community Sector Banking, which has distributed $300,000 through its 2018 national grants pool.

Virgin Aust optimistic despite $681m loss

Virgin Australia has reported a full-year loss of $681 million after impairments and tax adjustments, its sixth consecutive year of losses, but the airline is optimistic about delivering a statutory profit in the next half.

Tech Scene- Bankwest messaging service

Bankwest has launched an in-app messaging service that allows its customers to have their questions and queries answered securely, quickly and easily.

Voyager targets tourists with provenance push

Dining accolades, tourism successes, exploratory wines and a new venture in the pipeline – it’s a big year for Voyager Estate, which is celebrating its 40th anniversary.

Aust shares open slightly positive

Australian shares have opened largely unchanged, with losses in healthcare and energy capping gains, despite a small rise on Wall Street overnight.

Morning Headlines

Warrington in $170m William Square exit

Oil prices dip on profit-taking

Oil prices have slipped as some investors take profits on recent strong gains, but losses were limited the day after a US-Mexico trade agreement eased worries about tensions between the two countries.

S&P, Nasdaq at highs on US-Mexico deal

US stock indexes have risen, with the benchmark S&P 500 and the Nasdaq indexes hitting fresh all-time highs, as a trade agreement between the United States and Mexico calmed fears of a global trade war.

Perth tax adviser facing $35m tax bill

Perth accountant Peter Moltoni has been hit with a $34.5 million tax assessment after the ATO took a close interest in disputed payments by his former client Pankaj Oswal.

Property Deals

August property deals.

Aust shares higher as trade worries ease

Australian shares have ended higher on Tuesday, following on from a record close on Wall Street and hopes of reduced global trade tensions.

Pacton in $5.8m Pilbara gold purchases

Canada-based Pacton Gold has announced the acquisition of two gold projects in the Pilbara worth about $5.8 million in the past week.

Sheffield soars on native title ruling

Shares in Sheffield Resources have reached their highest mark in nearly four years after the company won a National Native Title Tribunal ruling, which allows for a mining lease to be granted at its Thunderbird mineral sands project in the Kimberley.

Shortlist chosen for $1.6bn train program

The state government has shortlisted three consortiums to build and maintain 246 new railcars during the next decade, while choosing Bellevue as the preferred site for the associated manufacturing facility.

Investec picked for Landgate privatisation

The state government has chosen Investec to advise on the partial privatisation of Landgate, a day after the agency's Victorian equivalent sold for $2.9 billion.

Caltex eyes part-sale of retail assets

Caltex Australia says it is considering selling part of its convenience retail assets valued at $2 billion, even as higher costs kept its first-half profit at the lower end of its guidance.

Bishop to stay on as member for Curtin

Outgoing Foreign Minister Julie Bishop has confirmed she will remain as the member for Curtin despite moving to the backbench following last week’s leadership spill.

RAC announces new CEO

The Royal Automobile Club of WA today announced that current group chief executive Terry Agnew will step down in March 2019 after 20 years in the role.

RCR cost blowout, FY18 loss and $100m raising

RCR Tomlinson has revealed the details of a $57 million write-down at one of its solar projects, with the contractor today announcing a $16.1 million loss for the 2018 financial year and a $100 million capital raising to help cover the cost overruns.

Tech, culture key in Asia

Improving technology and increased use of big data could create significant value for Australia through integration with Asian economies, while business leaders need greater understanding of the market, according to consultancy VCI co-founder Graeme Stanway.

High-tech, sustainable, future-proofed apartments

Owner-occupiers and investors increasingly look for technology and sustainability features when making apartment purchases.

SwanCare invests to meet demand

Retirement living and aged care provider SwanCare has developed facilities and services to adapt to a growing industry.

Australian shares start higher

Australian shares have opened higher, helped by gains in financial and resources stocks, as local investors take cues from an overnight rally on Wall Street.

Morning Headlines

$9b LNG jobs bonanza

S&P, Nasdaq hit new records on Wall St

US stocks have posted strong gains, with the benchmark S&P 500 and the Nasdaq hitting all-time highs, as news that the United States and Mexico were closing in on a trade deal added to optimism about the economy.

Oil gains after US-Mexico trade deal

Oil prices have edged up, supported by a strengthening equities market and news that the United States and Mexico agreed to overhaul the North American Free Trade Agreement (NAFTA).

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