State-owned regional power provider Horizon Power has recorded a $35.4 million net profit for the year to June, while hitting its targeted reduction of government subsidies more than a year ahead of time.
The Australian share market has opened lower with investors nervous after North Korea fired a missile over Japan for the second time in a month, re-igniting geopolitical tensions.
Oil prices have risen, with Brent closing at a five-month high, as the US dollar weakened and after a string of reports forecasting the market would tighten further as fuel demand increased.
Gold has rebounded from a two-week low as North Korea threatened the United States and Japan, and the dollar softened despite strong US consumer inflation data, which could allow further interest rate increases from the Federal Reserve.
State-owned power generator and retailer Synergy has recorded a loss of $12.6 million for the 2017 financial year on the back of lower sales revenue and a large impairment due to the early closure of its generation capacity.
Allegations that late High Court judge Lionel Murphy had been involved in a tax avoidance scheme in Western Australia are contained in classified documents considered by a Parliamentary Commission of Inquiry released in Canberra today.
OPINION: As technology increasingly cuts out the middleman, the WA government’s investment in facilities at Perth Airport may have short-lived benefits.
The Australian share market has finished slightly lower for a second day running as mining stocks dipped but better-than-expected jobs growth helped lift the Australian dollar back around US80 cents territory after an overnight dip.
Property developer Sirona Capital has today unveiled plans for the 5,500 square metres-plus retail component of its $270 million Kings Square project in Fremantle.
Shares in West Perth-based energy hopeful Pancontinental Oil & Gas were up 33 per cent today after the company sold part of its stake in a Namibian offshore exploration licence to Africa Energy for $US7.7 million ($9.6 million).
Two of the largest contracts held by fallen Perth company Brierty have been terminated, as uncertainty hangs around the company’s future after last week's appointment of administrators.
Myer's six Perth stores appear to have escaped the chop, with the retailer instead closing an additional three interstate stores as it struggles to turn around sluggish sales amid weak consumer spending and growing industry competition.
Unemployment jumped 0.5 percentage points in August to a seasonally adjusted 5.9 per cent in Western Australia, according to the Australian Bureau of Statistics.
Shares in Vocus Goup have held steady despite a proposed class action alleging the telecommunications provider engaged in "misleading and deceptive conduct" and breached disclosure obligations.
Crude oil prices have risen after the International Energy Agency (IEA) said a global surplus of crude was starting to shrink, even though US data showed another big increase in domestic inventories due to Hurricane Harvey.
Gold prices have fallen to a one-and-a-half-week low, erasing earlier gains as the US dollar index jumped, though a retreat in global stocks after Tuesday's record high prevented deeper losses.
Opposition leader Mike Nahan has called for a parliamentary budget office to be established as part of his budget reply speech today, while lashing out at Labor for not funding the Ellenbrook rail line.
The share market surrendered its early gains to close relatively steady as investors practised caution ahead of US inflation data and Australian jobs figures out later in the week.
Poseidon Nickel has secured its fourth memorandum of understanding to develop the Lake Johnston nickel project, with today’s move to explore for lithium with Lithium Australia.
Listed company 1-Page is looking for new ways to spend its $26 million cash balance after selling its US technology business, which lost about $45 million over three years.
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