Latest Headlines

Efficiency key to Split system

Perth-founded building systems manufacturer Pro9 Global is planning to shake-up the construction industry, with a new energy-efficient and fire-resistant wall and façade structure.

Aust shares slide in early trade

The Australian share market has come under pressure in early trade as investors take cues from a weak close on Wall Street on Friday and a lack of local drivers.

$2.6m Smart Cities money for blockchain trial

Curtin University, Murdoch University, Power Ledger and LandCorp are behind an $8 million project that will use blockchain technology to manage water and energy systems in the City of Fremantle.

WA building largest homes nationally

The average size of Australian homes, inclusive of both houses and apartments, has hit a 20-year low, a new report has found; however, Western Australia is building the largest homes in the country.

$A is steady against $US

The Australian dollar has hit a five-month low against its US counterpart before recovering to be little changed.

Oil up 2% on pipe shutdown, OPEC optimism

Oil has rebounded more than two per cent after falling for five straight session as a major US crude pipeline was shut and traders anticipated an OPEC deal to extend curbs on production.

Lennon up, Stokes down

A new feature on the Business News web site that tracks the changing wealth of Western Australia’s company directors shows Tony Lennon and Peter Cook are among the winners over the past month while Kerry Stokes and Andrew Forrest have gone down.

Gold at month top on weak US, tax concern

Gold has jumped to a one-month high as the dollar softened on uncertainty about the progress of a proposed overhaul of the US tax code that would be the biggest since the 1980s.

Morning Headlines

Browse back on Shell’s agenda

Halom takes MMA to panel

Halom Investments has asked the Takeovers Panel to revise MMA Offshore’s planned $97 million capital raising, claiming the deal is designed to entrench the control held by the incumbent board.

Tabcorp-Tatts merger back on track for now

The $11 billion merger of gaming giants Tabcorp and Tatts Group is back on track for now, after the Australian Competition Tribunal gave the deal a green light for a second time.

Gold stocks soar on exploration results

Kalamazoo Resources, Legacy Iron Ore and Boss Resources all enjoyed share prices rises after announcing gold discoveries today.

Aust shares gain ground, helped by Wall St

The Australian share market has closed higher with gains for consumer, banking and IT stocks continuing a positive lead-in from Wall Street on Friday.

Gender pay gap at $26k

Men are earning $26,000 more per year than their female counterparts despite increased efforts from employers to address pay gaps and gender imbalances, according to the latest report by the Workplace Gender Equality Agency.

Royal Flying Doctor Service gives wings to new CEO

The Royal Flying Doctor Service (RFDS) has appointed Rebecca Tomkinson as chief executive, succeeding Grahame Marshall who resigned in September after six years in the role.

Mark my words podcast

In this Business News podcast Mark Beyer and Mark Pownall discuss Brownes acquisition and Chinese investment, Richard Goyder, Shell exits Woodside, Stockland’s land purchase spree, domgas deal, waste to energy, and CEO remuneration.

Merredin refinances $44m, considers solar move

A local power generator majority owned by Rod Jones’s Hoperidge Capital has refinanced its bank debt through a $44 million bond issue which the company believes will give it more flexibility, including the potential to pursue a 100-megawatt solar farm.

Venturex raise $4m to advance Sulphur Springs

Venturex Resources will raise $4 million through a share placement with funds to be used to advance the company’s Sulphur Springs copper-zinc project, 150km south east of Port Hedland.

Austal commits $300,000 to Anglicare

Anglicare WA has received confirmation that shipbuilder Austal will commit $300,000 to the not for profit’s family and domestic violence support service, Young Hearts, over three years.

mWave generates interest in Bombora

Perth company Bombora Wave Power will proceed with construction of its first commercial sized mWave device after securing multi-million dollar backing from international renewable energy consultancy Enzen.

CEO lunch with Fabian Ross

There’s plenty of talk about the need for ‘resilience’ these days, but WA Super CEO Fabian Ross learned that lesson long ago.

Tough call to get the naming right

Private sector sponsorship of public infrastructure has frequently caused controversy, and the sale of naming rights to Perth’s new stadium is no exception.

RugbyWA in voluntary administration

RugbyWA has entered into voluntary administration as Rugby Australia pursues the state’s rugby body for legal costs relating to the removal of the Western Force from the Super Rugby competition earlier this year.

US tax cut optimism drives Aust shares

Better-than-expected US company earnings and optimism that President Donald Trump's tax cuts will proceed has helped drive Australian shares higher.

$A slips against $US

The Australian dollar is a little lower against its US counterpart as risk appetite turns a little more positive thanks to solid earnings and revived optimism over US President Donald Trump's promised tax cuts.

Oil extends fall on US oversupply worries

Oil prices have again ended lower on increased concerns about growth in US production and inventories, despite expectations that major world producers will extend a supply-cut deal later in November.

Gold dips as market digests US tax vote

Gold prices are slightly lower, trading in a tight range as the US House of Representatives pass its version of sweeping tax cuts and investors weighed possible changes in fiscal policy against the impact of an expected rise in US interest rates.

Morning Headlines

Police pay deal

Evan Jones to lead planning reform team

Planning Minister Rita Saffioti has recruited experienced town planner and urban designer Evan Jones to head a review that she hopes will deliver a more strategic and streamlined planning process.