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Shire of Serpentine Jarrahdale

Bio Organics founder seeks council seat

Fraser Beattie Fraser Beattie
21 Sep 2017

Benjamin Avila hopes that winning a seat on the Shire of Serpentine Jarrahdale council will enable him to assist businesses avoid the fate that befell his.

Commonwealth Bank of Australia

CBA sells life insurance business for $A3.8bn

AAP AAP
21 Sep 2017

Commonwealth Bank of Australia has sold its trans-Tasman life insurance businesses, CommInsure Life and Sovereign Assurance, for $A3.8 billion ($4.15 billion) to global insurer AIA Group.

Seven Group Holdings

Seven completes $375m raising

AAP AAP
Business News Business News
21 Sep 2017

Seven Group Holdings has raised $375 million to help it buy the remainder of equipment hire company Coates Hire, and plans to tap investors for a further $25 million.

Shares open 5pts lower

AAP AAP
21 Sep 2017

The Australian market has opened slightly lower, ignoring a positive lead from Wall Street overnight as markets reacted to the prospect of a US rate hike later this year.

Morning Headlines

21 Sep 2017

Seven Group to raise $400m

$A slips, but still above 80 US cents

AAP AAP
21 Sep 2017

The Australian dollar is still above 80 US cents despite slipping a little against greenback after the US central bank released its statement following its two-day policy meeting.

Oil up 2% despite US crude build

AAP AAP
21 Sep 2017

Oil prices have lifted two per cent despite a rise in US crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts.

Gold falls 1%, hits 3-wk low after FOMC

AAP AAP
21 Sep 2017

Gold prices have fallen one per cent after the US Federal Reserve left interest rates unchanged but signalled it still expected to raise interest rates by year-end.

BHP Billiton

Rose wins scholarship to US

Mark Beyer Mark Beyer
20 Sep 2017

BHP Billiton manager Kirsten Rose is heading to one of the world’s top universities this month for a leadership course after being selected for a Chief Executive Women scholarship.

Perth Stadium

Perth Stadium on track for goals

Tori Wilson Tori Wilson
20 Sep 2017

Perth Stadium chief executive Mike McKenna expects to attract a crowd of 50,000 for its first football game, featuring the AFLW Fremantle Dockers, he told a Business News Success & Leadership breakfast this morning.

Shares close 4pts lower

AAP AAP
20 Sep 2017

The share market recovered most of the ground lost in a poor start to the day but has still closed marginally lower, as weaker iron ore prices weighed on the mining sector.

Synergy

State aims for 50% women on boards

Fraser Beattie Fraser Beattie
20 Sep 2017

The state government has set itself the target of increasing the number of women appointed to its boards, committees and advisory bodies to 50 per cent by 2019, though it has a long way to go before hitting gender equality at its major trading enterprises.

Aldi

WA considers minimum price on alcohol

AAP AAP
20 Sep 2017

The state government is considering enforcing a floor price on takeaway booze to stop people getting drunk on cheap alcohol, but the opposition says it is a cost impost on households and red tape burden on businesses.

Urban Development Institute of Australia WA

Transport noise policy revamp

Katie McDonald Katie McDonald
20 Sep 2017

Striking a balance between transport corridors and urban development is the main objective of a revised planning policy that aims to mitigate road and rail noise for new residential projects.

Liar loans symptomatic of poor home loan practices

Tim Treadgold Tim Treadgold
20 Sep 2017

ANALYSIS: If a full-blown mortgage crisis were to hit Australia, it will have been brought about by mismanagement at all stages of the home-loan process.

Commonwealth Bank of Australia

ACCC concerned regulations boost big banks

AAP AAP
20 Sep 2017

The competition watchdog has expressed concern that big four bank profits are being boosted by regulation rather than the lenders' own performance.

Fraser Suites Perth

WA venues win national awards

Katie McDonald Katie McDonald
20 Sep 2017

Four Perth hotels and hospitality businesses, including Fraser Suites and the State Buildings, have been named best in their field at the annual Australian Hotels Association National Awards for Excellence.

Seven Group Holdings

Seven Group buys out Coates Hire

AAP AAP
20 Sep 2017

Kerry Stokes' Seven Group Holdings has announced it will buy the remaining half of its stake in equipment hire company, Coates Hire, for $517 million.

Wesfarmers

Remuneration boost for Goyder, Mackenzie

AAP AAP
20 Sep 2017

Wesfarmers managing director Richard Goyder landed a $12.1 million pay packet in his final full year in charge of the Coles and Bunnings operator, while BHP Billiton chief executive Andrew Mackenzie also lifted his total income, but he remained a long way short of the Perth businessman.

Aust shares open lower

AAP AAP
20 Sep 2017

The Australian market has opened weaker with falls across most sectors as investors wait for the outcome of the two-day US Federal Reserve policy meeting.

Morning Headlines

20 Sep 2017

Iron ore has peaked and so has China production, says RBA

$A follows US stocks higher

AAP AAP
20 Sep 2017

The Australian dollar has followed US stocks higher as as investors stayed away from making major bets ahead of the Federal Reserve's policy meeting.

Oil prices back away from recent highs

AAP AAP
20 Sep 2017

Oil prices ended lower on Tuesday, retreating from near five-month highs ahead of a meeting between key oil producers on the outlook for further supply cuts.

Gold prices rise as greenback retreats

AAP AAP
20 Sep 2017

Gold rose from the previous day's two-week low as the US dollar slipped ahead of a Federal Reserve meeting that is expected to provide more clues on the pace of US monetary tightening.

Cheeky Monkey Brewing Co

Cheeky Monkey on board Singapore Airlines flights

Tori Wilson Tori Wilson
19 Sep 2017

Margaret River's Cheeky Monkey Brewery Co is celebrating today with news Singapore Airlines will offer its locally brewed craft beer on business class flights between Perth and Singapore.

Woodside Petroleum

Karratha opposes new Fifo camp

Mark Beyer Mark Beyer
19 Sep 2017

The City of Karratha has strongly opposed Woodside Petroleum’s plans for a 700-bed fly-in, fly-out camp, but the final decision rests with Planning and Lands Minister Rita Saffioti, who is playing her cards close to her chest.

Property Council of Australia

Perth property down 8.8% in three years

Matt Mckenzie Matt Mckenzie
19 Sep 2017

Perth residential property prices fell 0.8 per cent in the June quarter, to be down 3.1 per cent across the financial year, according to data released by the Australian Bureau of Statistics today.

Perth Stadium

Freo AFLW team scores Perth Stadium spot

Tori Wilson Tori Wilson
19 Sep 2017

The Fremantle Dockers women’s team will play the first football game of any code at Perth Stadium next year in what is tipped to be the biggest standalone women’s sport event held in Australia.

Lease Equity

City retail strip to become student accommodation

Katie McDonald Katie McDonald
19 Sep 2017

The new owner of 335 Wellington Street, home to the Wellington Surplus Stores for 75 years, has lodged an application with the City of Perth to build a $70 million student accommodation building.

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