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Building company fined $65,000

Limestone Building Blocks Company has been handed a $65,000 fine after a worker at its Nowergup manufacturing plant was seriously injured when he became trapped in a block-making machine last year.

Perth CEO takes indefinite leave

City of Perth chief executive Martin Mileham has taken indefinite leave, with Lord Mayor Lisa Scaffidi explaining today that his move comes after a private investigation by law firm Herbert Smith Freehills late last year.

Red 5 in $4m takeover bid

Gold junior Red 5 has announced a hostile $4 million takeover bid for unlisted public company Bullseye Mining, which owns tenements near Red 5’s Darlot gold mine.

MRA approves new Scarborough apartments

Perth-based developer Norup + Wilson’s latest project The Beach Shack, a 99-apartment development in Scarborough, has been given the green light by the Metropolitan Redevelopment Authority.

GBF secures underground contract

GBF Underground Mining Company has been awarded a three-year contract at Millennium Minerals’ Nullagine gold project in Western Australia.

Aust shares drift in lacklustre trade

Australian shares have got off to a tepid start with investors still cautious amid a busy earnings week despite positive momentum in the last few sessions.

Morning Headlines

Merger plan: HBF agrees to $4b deal

$A tumbles against $US

The Australian dollar has fallen more than half a US cent against its US counterpart which continues to experience weakness despite bouncing off a three-year low.

Oil gains on equities rebound, weak $US

Oil prices are higher as a rebound in the global equities market and a weak US dollar supported crude's recovery from last week's slide.

Gold slips but sight set on 2.4% week rise

Gold prices have dipped, but still hovered near a three-week high, as the US dollar index bounced from a three-year low and investors worried that US inflation could heat up.

Govt ICT chief to join Deloitte after review

The state government’s chief information officer Giles Nunis is moving to the private sector after a recent review recommended sweeping changes to his office, which was established under the Barnett government.

Green China opportunity for WA

Opportunities will grow in the environmental protection and energy efficiency space for Australian exporters as China looks to go greener, according to Chinese deputy consul general Anlin Sun.

NTC wins Wheatstone contract

Onslow-based NTC Contracting has been awarded a civil and earthworks contract for up to five years at the Chevron-operated Wheatstone LNG plant.

Badge wins $12.9m contract

Osborne Park-based Badge Constructions has been awarded a $12.9 million contract for work at Southern River Primary School.

Lacklustre Aust shares give up early gains

Australian shares fell back in afternoon trade to close lower on Friday despite the impetus of some strong company profit figures and overnight gains on Wall Street.

Club Swizzle wows Fringe crowds

PHOTO ESSAY: If Fringe World had a headline act, Club Swizzle would likely be it.

Positive return for Paladin

Uranium miner Paladin Energy made a positive return to the ASX today following a tumultuous period during which it announced a recapitalisation deal that left shareholders with 2 per cent of the company’s equity.

Beer, spirit producers to win from red tape cut

Cutting red tape for wineries, breweries and distilleries, and changes to procurement laws to favour local businesses were two measures to support economic recovery highlighted by Premier Mark McGowan at a Business News Success & Leadership breakfast this morning.

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss McGowan’s first year, Perth Modern School, Scarborough LNG, cryptocurrency and blockchain, Pilbara Minerals and junior mining.

Company tax does affect investment: RBA

The head of the Reserve Bank has warned any corporate tax cut in Australia cannot come at the expense of higher budget deficits, adding that recent cuts to business taxes in the US are problematic.

Health insurance arm buoys Medibank profit

Medibank Private's turnaround strategy is beginning to pay off with the rate of customer declines slowing and company costs narrowing.

Aust shares hold on to early gains

The Australian share market has held on to morning gains as investors selectively take positions amid a slew of corporate results.

Morning Headlines

Woodside’s LNG estimates under fire

Brent pares loss, US crude up on weak $US

Oil prices have closed mixed with Brent paring losses and US crude turning positive as a weak US dollar and Saudi Arabia's comments that OPEC and other producers were committed to their pact on cutting supplies outweighed record US production and rising inventories.

Gold edges higher as $US hits two-week low

Gold was on track for its fourth straight session of gains on Thursday as the US dollar slid to its lowest in two weeks on concerns about the impact of high U.S debt levels and tax cuts.

$A is slightly lower against weakening $US

The Australian dollar is a tad lower against its US counterpart which has continued to weaken.

Bald Hill to ship by end of quarter

Lithium hopeful Tawana Resources has commenced commissioning of the Bald Hill mine.

Resources rally drives strong market gain

The share market has posted its best session in seven months due to positive half-year earnings results and strong gains for the miners and the energy producers.

Origin predicts growth in WA as more entrants come

Sydney-based Origin Energy has signed up close to 5,000 Western Australian retail gas customers since launching in the Perth market in October.

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