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Shares close 20pts higher

The share market has gained ground as strength in the mining and energy sectors outweighed falls by retailers, while the Australian dollar returned to a three week high.

Support blooms for Cystic Fibrosis

Hundreds of volunteers and businesses across the state have joined forces to sell more than 13,000 long-stemmed roses in support of children and young adults living with Cystic Fibrosis.

Merchant merges with Somers

Financial services firm Merchant Group has announced plans to merge with investment bank and funds manager Somers & Partners.

Buru takes full ownership of Ungani

Onshore oil producer Buru Energy has taken full ownership of the Ungani operation in the Canning Basin as part of an asset swap with its joint venture partner, Mitsubishi Corporation.

Cutting-edge tech project launched in Perth

An innovative project involving government agencies and private players has the potential to streamline and coordinate public works projects, reducing traffic congestion and saving costs, according to its proponents.

Bidders shortlisted for Murdoch Medihotel

Five bidders have been shortlisted to build the state's first Medihotel at the planned Murdoch Health and Knowledge Precinct, with the successful tenderer to be announced mid-year.

AHG flags profit downgrade, write-downs

Perth-based Automotive Holdings Group will incur a $35 million write-down hit from the closure of some of its underperforming businesses, in response to the weak market for car retailers combined with recent regulatory changes by the corporate watchdog.

Little shelter from fallout

OPINION: Australia is becoming increasingly vulnerable to global, and local, economic shocks.

Strong returns, teething troubles for graphite

Graphite players have posted strong share price gains in the past 12 months and raised $66 million between them, but they are struggling to kick off production of the mineral. 

Tourism WA opens east coast office

Tourism WA will open shop again in Sydney after nearly seven years as part of moves to boost the industry's contribution to the sluggish state economy.

Swick raises $5m, buys tech business

Swick Mining Services has raised about $5 million from investors to fund the buyout of minority shareholders in a mineral analysis and measurement technology company in which it already owns a major stake.

More retail woes as Topshop hits the skids

The company operating Topshop's Australian stores has entered voluntary administration, becoming the latest in a list of retailers to stumble amid sluggish consumer spending.

Shares open 18pts lower

The Australian share market has opened lower as selling has resumed across the heavyweight financial sector.

$A is back above 75 US cents

The Australian dollar is sharply higher against its US counterpart, breaching above 75 US cents after the Federal Reserve's minutes ruffles investor sentiment and the greenback.

Oil down slightly on low US petrol draw

Oil prices have retreated slightly as investors reacted to a smaller-than-expected US petrol stocks draw as they awaited the outcome of discussions in Vienna between OPEC and other oil-exporting countries on whether to extend output cuts.

Gold up after Fed minutes

Gold prices have risen as the US dollar has slipped and minutes of the Federal Reserve's last policy meeting suggest the US central bank was cautious about raising interest rates.

Morning Headlines

Retail blow as Topshop goes under

HopgoodGanim finds resources partner

Law firms HopgoodGanim Lawyers and Hunt & Humphry will amalgamate from July 1, with the deal designed to boost the combined firm's capabilities to take advantage of increasing activity in the r

Shares close 8pts higher

The Australian dollar is weaker as the first ratings downgrade on China by Moody's since 1989 renewed concerns about the economic strength of Australia's key trading partner. 

Adani doesn't need Aussie banks: Walsh

Indian coal miner Adani does not need the financial backing of an Australian bank, former Rio Tinto chief executive Sam Walsh says.

Strong appetite for Brightwater giving appeal

Brightwater Care Group held its annual fundraiser at Crown Towers last Friday, with about 1,000 guests raising $230,000 for the organisation's work in the community.

$US650,000 scholarship for Perkins researcher

Ryan Lister's work in the epigenetics and genomics lab at the Harry Perkins Institute of Medical Research has received a boost in the form of $US650,000 from a prominent US-based institute. 

From minesweeping to mine sites

A Queensland business that uses sensors to detect unexploded bombs in former conflict zones in South-East Asia and Europe is now using its technology to help iron ore miners find pieces of equipment that have broken off in stockpiles.

AHG takes stake in auction business

Logistics and car retailer Automotive Holdings Group has bought a major stake in an east coast-based vehicle auction business for an undisclosed sum.

Create the scenario for sales success

OPINION: Building relationships is a key element in the process of securing a strong portfolio of sales.

Next stage for Knutsford build

Adrian Fini's development firm FJM Property is gearing up to launch the third stage of its Knutsford Precinct, near Fremantle, which was last year named as one of the best infill projects in the nation by the Australian Institute of Architects. 

Coventry to buy Alaskan explorer

Subiaco-based Coventry Resources will be rebranded after completing the $8.3 million acquisition of a gold explorer focused on projects in Alaska, and announcing plans for a $10 million raising.

Tinkler banned from managing companies

Bankrupt former coal baron Nathan Tinkler and two of his closest business allies have been banned from managing a company for at least three years for their roles in the collapse of several businesses.

SCEE wins more work

Perth-based contractor Southern Cross Electrical Engineering has won $25 million in contracts for work on Rio Tinto's Amrun bauxite project in Queensland, bringing to about $150 million the value of contracts earned this month.

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