Diversified contractor Decmil Group has won $46 million worth of contracts with the Department of Defence, with work to be carried out across multiple states including Western Australia.
Commonwealth Bank of Australia has lifted third quarter profit about 4.5 per cent to $2.3 billion but has followed its big bank rivals by reporting a rise in bad debts.
The Australian share market has swapped the red for the green in choppy early trade as the major four banks, bar the ANZ, change direction and move into positive territory.
Gold has jumped one per cent after US non-farm payrolls data for April came in weaker than expected, boosting expectations the Federal Reserve will delay further interest rate increases.
The cost of hiring tradies in Western Australia has fallen over the past year but continues to be substantially more expensive than other states, an industry survey has found.
In this Business News podcast Mark Pownall and Mark Beyer discuss Interest rates, the dollar, federal and state budgets, listings and capital raisings, and mining projects.
The share market has made a late surge to end the week with a modest gain, with industrial and retail stocks driving the turnaround from an early fall.
Billionaire Gina Rinehart has appointed a new executive director and a new chief executive at Hancock Prospecting and foreshadowed plans to recruit additional senior executives to run its commercial and agribusiness operations.
Apartment towers are getting taller, but one of the city's leading architecture firms says an authentic mix of uses is the next step in the maturation of Perth.
WA business leaders have bemoaned the state government's failure to plan for life beyond the mining construction boom, but still see opportunities in other sectors.
Perth's tourism sector is expected to receive a boost from the Ritz-Carlton & The Towers proposal at Elizabeth Quay, with national construction contractor Probuild confirming it has been appointed to undertake the project.
BHP Billiton shares have stemmed their slide after Brazil's federal court ratified a settlement reached with the country's authorities over a deadly dam spill.
Junior explorers Coventry Resources, Metals of Africa and Consolidated Zinc have tapped investors to raise a combined $13.7 million to fund ongoing development of their respective projects.
PHOTO ESSAY: With our special report into Universities in next week's paper, Business News has taken the opportunity to speak to some recent and soon to be university graduates about what looms ahead as they make the big transition into the workforce.
Decmil Group has lowered its revenue guidance after announcing a number of one-off costs relating to the closure of one of its local business divisions, coupled with delays to a project and further restructuring, as it seeks to direct its business away from the resources sector.
Gold turned lower on Thursday, dropping for the fourth straight session on pressure from the firm U.S. dollar ahead of Friday's U.S. payrolls report, which will give clues about whether the Federal Reserve will soon raise interest rates.
Home ownership and interest rates provide solid point-scoring opportunities for politicians, but the whole narrative is increasingly out of touch with the reality of many working families in Australia.
One part of the Dick Smith business has been snapped up by an entity affiliated with Harvey Norman, although employees will still need to wait for a liquidation process to receive overdue entitlements.
Chevron is the latest major resources player in the state to announce a change in leadership, after selecting a successor to current managing director (Australia) Roy Krzywosinski, who will hand over the reins in June.
