Latest Headlines

WA real estate celebrated

Michelle Kerr, Daniel Gonzalez and Jay Standley were among the winners at the real estate industry awards held over the weekend.

ASX ends higher as banks, telcos lift

A turnaround in the banking sector plus gains for mining and telco stocks have boosted the ASX back into positive territory on Monday.

DTI wins $6m Melbourne contract

Local tech company DTI Group has secured a $5.9 million contract to supply a CCTV surveillance and passenger information system on a fleet of trains in Melbourne.

Reid resigns as Cashies improves profit

Cash Converters International has posted a $22.5 million profit for the 2018 financial year, while also announcing the resignation of chief executive Mark Reid.

Jail sentence for UWA Guild theft

A former UWA Student Guild staff member who stole around $560,000 has been sentenced to a four year jail term, after Business News reported in 2014 he had left his role and that accounting firm BDO had been hired for a forensic audit.

Maca posts $24m profit

Mining contractor MACA has reported a decline in net profit for the 2018 financial year, impacted by poor weather conditions across its Western Australian operations, but has announced a $1.28 billion order book.

MMA flags tough 2019

Shares in MMA Offshore have fallen today, after the marine logistics company forecast a challenging year ahead as part of its 2018 financial report, which also included a $36.3 million loss.

Australian Mines makes $4m purchase

Australian Mines has exercised an option to purchase a cobalt project in New South Wales from Jervois Mining in a deal worth $4 million.

Rosser still dreaming with his feet on the ground

Brad Rosser brings diverse experience with Bond Corp, McKinsey and Co, Virgin and Unilever Ventures to his current focus on startups.

Waste-to-energy investment tops $870m

SPECIAL REPORT: Almost a billion dollars worth of waste-to-energy projects are in the pipeline in WA.

Changes on horizon for Pilbara

SPECIAL REPORT: Moves to reform the Pilbara’s electricity sector will improve competition and lower prices, proponents claim.

$3bn of projects amid market flux

SPECIAL REPORT: About $3 billion of electricity projects are in the pipeline in WA, but technological change and regulatory pressure are creating investment uncertainty.

Aust shares stumble at open

Australian shares have opened lower, weighed down by weakness in healthcare and financial stocks, despite Wall Street finishing on a high on Friday.

Morning Headlines

Morrison faces lowest primary vote in a decade

S&P500 reaches new high in record run

The benchmark S&P 500 stock index has clinched its longest bull-market run, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the US central bank's current pace of rate hikes.

Oil rises as China demand resumes

Oil prices gained more than 1 per cent on Friday, ending a run of weekly declines on signs that Iran sanctions may limit global supply and that a trade war may not curb China's appetite for US crude.

Forrest Chase developer wins legal fight

The $110 million redevelopment of Forrest Chase is set to proceed unhindered after the Supreme Court granted an injunction against the owners of a neighbouring cafe, who had blocked work by head contractor Lendlease by staying open all night.

Kingwest lists after $5m IPO

Shares in gold-focused Kingwest Resources began trading on the ASX today, after the company raised $5 million via an initial public offering.

Langoulant keeps reform fires burning

John Langoulant’s interests range widely, from building a lyric theatre in Perth to doing business in the Top End, but his main passion is public sector reform.

Poseidon raises $75m, backed by Forrest

Poseidon Nickel has announced a $74.6 million capital raising, backed by Andrew Forrest’s Squadron Resources, days after US group Black Mountain Metals pulled out of a $66 million takeover proposal.

Profit lift for mining services stocks

Macmahon Holdings has posted strong profit growth for the year to June, adding to a string of good results for local mining services companies, including Lycopodium and NRW Holdings.

AHG profit drops to $74.8m

Automotive Holdings Group has reported a decline in operating profit for the 2018 financial year, citing weakening demand in Western Australia despite positive economic indicators.

Mark my words podcast

Podcast: Mark Beyer and Mark Pownall discuss Canberra turmoil, John Langoulant, Perth property prices, Santos, nickel’s recovery and our special report – power and energy.

Morrison hopes to unite party, country

Prime minister designate Scott Morrison has admitted his party was battered and bruised this week, but committed to focus on unifying the country, with a review of the government's drought response his number one priority.

Curtin Uni appoints new chancellor

CBH Group's former chief executive Andrew Crane has been appointed chancellor of Curtin University.

Cohesive strategy needed on international education

University of Western Australia vice-chancellor Dawn Freshwater has warned that the state is wasting an enormous economic opportunity by failing to promote itself as an education capital for foreign students.

Nahan in the hot seat

Opinion: Despite taking on the unenviable job of opposition leader after a huge election defeat, Mike Nahan is still making his voice heard.

Morning Headlines

Liberals’ high noon shootout

Technology moves Murray Engineering forward

Diversification helped Murray Engineering boost its revenue during the resources downturn, and the business is now hoping its technology focus will create future growth.