PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss FMG's new leadership, the iron ore market, Craig Mostyn's acquisition, WA's boom/bust economy, Fiona Wood, Rod Jones and the state's wealth creators.
The Australian share market has closed higher, led by the healthcare and energy sectors, while the under-pressure banks faded after an early rally as the looming royal commission weighs on the financial sector.
The fate of once-thriving Perth business Habitat 1 provides salutary lessons for investors and company directors, especially those who have signed non-compete agreements.
Two years into his job as Sadleirs Logistics chief executive, Ian Kent is preparing the family owned business for increased national growth after overseeing major changes to its local operations.
The opposition parties in Perth and Canberra are kicking the can down the road on debt, despite the parlous state of their respective budgetary positions.
Lord Mayor Lisa Scaffidi has won her court appeal against 26 adverse State Administrative Tribunal findings that she breached her gift disclosure obligations and remains hopeful of returning to the post once the matter is resolved.
Shareholders in uranium miner Paladin Energy will end up owning just 2 per cent of the company under a recapitalisation plan that will include a major debt for equity swap and a $US115 million high yield secured note raising.
Perth home prices have risen for the third straight month for the first time since 2014, according to the the latest CoreLogic home value index report.
The Australian Petroleum Production and Exploration Association has announced Zoe Yujnovich as the new chair while Michael Abbott has been elected vice chair following the association's annual meeting.
Perth-based gold explorer AIC Resources, chaired by Centamin founder Josef El-Raghy, got off to a solid start in trading today after raising $10 million in its initial public offering.
Belmont-based Zenith Energy has been selected as preferred contractor to build a 62-megawatt power station at Newmont's Tanami gold mine, edging out incumbent provider Pacific Energy.
Gold has dropped one per cent as upbeat sentiment on equities and positive US growth data dented the appeal of the safe-haven asset, though the metal was still stuck in its narrowest monthly range in 12 years.
Aveling Homes has been ordered by the federal court to pay $380,000 in response to the competition watchdog's claims that it had manipulated review websites.
Perth watch brand Haigh & Hastings has been revived nearly a year after the business was placed in administration, with founder Matt Sears gaining backing from two investors who share his passion.
Listed property developer Mirvac Group has introduced a scheme to make apartments at its Latitude Leighton Beach development more affordable for first home buyers.
The Chamber of Commerce and Industry WA has criticised the state government's crackdown on payroll tax exemption for employees earning more than $100,000 announced today.
The Australian share market has closed lower following the shock announcement of a royal commission into the finance industry, with banks and insurers hit by the news - Commonwealth Bank and ANZ recording the biggest falls.
Auditor general Colin Murphy's latest report has found Tourism Western Australia is unlikely to meet its headline target of doubling WA tourism spend by 2020 amid calls from the industry for reform of the government's tourism body.
The Australian Competition and Consumer Commission has highlighted mining industry concerns regarding grinding media company Moly-Cop's proposed acquisition of competitor Donhad in its statement of issues.
Junior miners Draig Resources and Capricorn Metals will tap investors in separate capital raisings as both companies advance their respective Western Australian gold projects.
The dairy sector needs a mandatory code of conduct to give farmers more bargaining power and to prevent chaos like that spawned by surprise cuts to the farmgate milk price in 2016, the competition watchdog says.
Fortescue Metals Group has announced major changes to its leadership, with a new chief executive taking the reins and its directors taking a hands-on role to support an updated strategy that focuses on producing more higher-grade iron ore.
Australian shares have opened sharply lower, weighed down by major falls across the banks after Prime Minister Malcolm Turnbull announced a royal commission into misconduct in the nation's financial sector.
