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Inflation rate cools in June quarter

Australia's inflation rate has cooled off in the June quarter, dragging the annual headline rate below the central bank's two to three per cent target range.

BGC wins more work on east coast

Osborne Park-based BGC Contracting has been chosen to deliver the main civil construction work on part of a $4.4 billion highway upgrade project in NSW.

Ford blamed drivers for faults: ACCC

Car maker Ford's Australian business is facing legal action for allegedly giving customers the bum steer about "systemic issues" around transmissions in several of its models and blaming drivers for the problem.

Shares open 51pts higher

A healthy company earnings story coming out of the US is buoying the Australian market, led by the major miners.

Morning Headlines

Canavan’s arrivederci to Turnbull ministry

$A slightly lower against $US

The Australian dollar is slightly lower against its US counterpart, as it trades in a tight range ahead of the release of local inflation figures.

Oil rallies 3% on expected supply falls

Oil rose 3.3 per cent on Tuesday to the highest close in more than a month, a day after US oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

Radium’s capital R&D funds plan

Companies investing in research and development have access to an increasingly competitive new source of finance.

Fleetwood fixes dividend policy gap

Fleetwood Corporation has adopted a new constitution that will make it easier for it to pay dividends, after pressure was applied by an activist shareholder group earlier this year.

Shares close 38pts higher

The Australian share market has closed higher as bargain-hunting investors ignored a mixed lead from US markets and lifted most stocks across the board.

Land price rise stokes property positivity

Land prices in Perth increased by 3.7 per cent in the June quarter, the latest sign of positive movement in the property sector, according to the Urban Development Institute of Australia WA.

More IPOs, less raised

About a quarter of ASX floats in the six months to June were undertaken by Western Australian companies, but the total amount raised is falling according to a new report.

Rates rise could stymie state’s recovery

ANALYSIS: WA could find itself in a tough spot if the Reserve Bank raises interest rates in response to economic conditions in the eastern states.

Eastern pours gold at Davyhurst

Eastern Goldfields has poured first gold at its Davyhurst operation near Kalgoorlie, amid a looming court battle against the project’s refurbishment contractor, GR Engineering Services.

Woolies deals another blow to Coke

Shares in Cola-Cola Amatil have fizzled following news Woolworths will pull all but two of the beverage giant's Mount Franklin water products from shelves.

Echo to raise $5m for gold project

Gold explorer Echo Resources has tapped investors for $5 million to fund ongoing development of its Yandal project near Wiluna.

WA egg producer to pay $1m in penalties

One of WA's biggest egg producers has been slugged more than $1 million after it deceived shoppers by falsely labelling some of its products free range, and consumer class action may follow.

Dick Smith class action ready to launch

A class action against failed electronics chain Dick Smith on behalf of disgruntled shareholders has been given the green light.

Shares open 37pts higher

The Australian share market has lifted in early trade, bouncing back from its previous session's losses, with investors also shrugging off mixed results on Wall Street overnight.

Morning Headlines

HBF to close branches in cost-cutting move

$A steady against $US

The Australian dollar is flat against its US counterpart with little news to drive markets.

Oil rises 1% on Saudi vow to cap exports

Oil has risen more than 1 per cent, after leading OPEC producer Saudi Arabia pledged to cut exports in August to help reduce the global crude glut, and Halliburton Co's executive chairman said the US shale drilling boom would probably ease next year.

Gold hits one-month high, eyes on Fed, $US

Gold prices have pared gains as the US dollar has turned slightly higher, after bullion rose to a one-month high as political turmoil in the United States boosted sentiment ahead of a Federal Reserve monetary policy meeting this week.

Pilbara Minerals finalises Pilgangoora contracts

Pilbara Minerals has signed-off four major contracts for its Pilgangoora lithium project, with RCR Tomlinson, NRW Holdings, Action Industrial Catering and the Njamal traditional owners winning the lion’s share of the work.

Rising dollar guards petrol pump: CommSec

A rising Australian dollar should protect motorists against any nasty surprises at the pump, according to the latest research by CommSec.

Jockeying for position in Perth Basin

SPECIAL REPORT: Only a small number of oil and gas players in the Perth Basin are moving forward on projects.

Fracking moratorium hit to under-pressure gas plays

SPECIAL REPORT: Ongoing uncertainty over state government policy and a lengthy approvals process are muddying the waters for local energy hopefuls.

Perth tech pioneer passes away

Conrad Crisafulli, who was one of the pioneers of venture capital investing and technology commercialisation in Western Australia, has died after a long illness.

Shares close 34pts lower

The Australian share market has closed lower with heavy falls by the banks and energy companies leading the way amid widespread selling.

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