Latest Headlines

Business community mourns death of David Humann

Company director and business adviser David Humann, whose roles included chairing nickel miner Mincor Resources and contractor Macmahon Holdings and being a member of the global board of accounting firm Price Waterhouse (now PwC), has passed away after a short illness.

Monadelphous tips 30% growth

Engineering and construction contractor Monadelphous Group has painted a positive outlook after tough trading conditions in recent years, with the company tipping strong revenue growth in the current financial year.

Creative design creates space

Faced with the confines of a small block, local property developer and architectural practice Baltinas turned to innovative design for its recent residential project on Mount Street in West Perth.

Swift wins lithium mine contracts

Perth-based telecommunications provider Swift Networks has secured multi-year contracts at three Western Australian lithium mine sites.

Share market creeps higher while $A dives

The share market has edged higher due to modest gains in most sectors, while the Reserve Bank's concerns about slow wages growth have driven the Australian dollar to a five-month low.

Battery in strongly supported $20m raising

Battery Minerals has announced a $20 million capital raising, primarily through a strongly supported share placement, ensuring the company can progress at its graphite projects in Mozambique.

Future-proofing Perth's CBD

Several initiatives have emerged in a bid to reduce Perth’s office vacancies and revitalise the city’s older buildings.

New gold levy plan immediately condemned

Treasurer Ben Wyatt has announced details of a new gold royalty increase that is budgeted to raise $332 million over four years while seeking to address the industry concerns that killed off his previous proposal, but the new plan has failed to win support.

Risco seeks board overhaul at Tap Oil

Tap Oil major shareholder Risco Energy Investments has notified the company of its intention to overhaul the company's board at the next planned annual meeting in February.

BHP gets more time for Samarco claims deal

A Brazilian court has granted an additional 150 days for BHP Billiton, Vale and their joint venture, Samarco, to negotiate a settlement of multi-billion dollar public civil claims over the 2015 mine dam collapse in that country.

APRA warns on growth in big mortgages

The banking regulator is still concerned about the size of the mortgages being taken on by consumers despite the effectiveness of its efforts to curtail housing market risks.

Competition clamping wages growth: RBA

The Reserve Bank remains doubtful about the timing of a return to meaningful growth in wages and a boost to stagnant inflation.

Quality is king as China cleans up

China's great environmental clean-up is starting to produce knock-on effects in Western Australia, with none more interesting than the ‘quality clash’ in the iron ore sector.

Wall St gains push Aust shares higher

Australian shares have reversed Monday's losses and opened stronger following positive finishes in the US overnight.

Morning Headlines

PM flags tax cuts for battlers

$A is again down against a stronger $US

The Australian dollar is lower against a slightly strengthened US dollar as some risk sentiment unexplainably returns to the markets.

Oil eases amid edginess ahead of OPEC

Oil prices have fallen, extending recent weakness ahead of next week's OPEC meeting, while a rally in the US dollar hurt commodities across the board.

Gold falls on pressure from stronger $US

Gold has fallen more than one per cent, giving up the prior session's gains on pressure from the rising dollar, expectations for US interest rate hikes and as the market entered a holiday week.

Construction contracts and tenders November 2 to 15 2017

Quality Builders, Maintenance and Construction Services Australia, Woodland Contractors, Orixon, and Fleetwood Corporation have shared in a $100 million panel contract for the state-wide provision

Stargroup goes into receivership

ATM operator Stargroup has been placed in the hands of insolvency firm KordaMentha after the loss-making company was unable to complete a restructure of its $9.1 million debt.

Watson’s Black Swan debut, playful and provocative

Much sought-after for her directorial talents, Clare Watson is now in the midst of showcasing her debut for Black Swan Theatre Company, Let the Right One In.

Aust shares down after weak offshore lead

The Australian share market has closed lower despite recovering much of the ground lost in early trade due to a negative lead from overseas markets

Junior explorers soar on drilling results

Shares in junior mining explorers Draig Resources and St George Mining have nearly doubled today after both companies announced positive drilling results.

CEO incomes on the rise

SPECIAL REPORT FOR SUBSCRIBERS ONLY: The annual Business News remuneration survey has data and in-depth analysis on hundreds of WA company directors and executives. We identify the top earners, including the people who qualified for large bonuses and equity incentives, in some cases year after year. The survey also reveals a big jump in the number of WA people who earned incomes of $1 million or more last financial year.

Cool reaction to $93m Altona acquisition

Perth-based Altona Mining has negotiated a scrip-based takeover deal that will see the aspiring copper miner bought by Canada's Copper Mountain Mining but its shares remain well short of the 17 cents valuation of the takeover scheme.

Spadaccini builds on success

Rob Spadaccini’s business has come a long way in 20 years – from renovations, extension works and small homes, to building multi-million dollar residences of national acclaim.

Passion for environment drives Wasteless franchise model

Wasteless Pantry is proving that a sustainable living focus can be commercially viable for a business, as the Mundaring retailer's founders seek to branch out into franchises in other suburbs across Perth.

Sodexo expands in slow market

Sodexo’s acquisition of Morris Corporation has pushed it up the ranking of big facilities management companies in Western Australia at a time when its competitors have been battling with the slowdown in large projects in the Pilbara.

Sharequity targets smaller raisings

A new capital markets platform that has backers from accounting firm BDO, law firm Steinepreis Paganin, and property group CrowdfundUP plans to target both traditional capital raising deals and the new field of equity crowdfunding.