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Aust shares up in lacklustre trade

Australian shares are slightly higher in lacklustre early trade as investors turn cautious ahead of key US data and a slew of local earnings.

Morning Headlines

Coalition crisis as Joyce loses Nats MPs’ support

$A slips against weakening $US

The Australian dollar has slipped against a weakened US counterpart, but still remains above 78 US cents.

Oil flat, all eyes on US production data

Oil prices are flat, bouncing back from an early slide as the US dollar fell to a one-week low, which encouraged buying of US dollar-denominated crude at session lows.

Gold up as $US weakens ahead of data

Gold prices have risen as the US dollar has slipped and markets anticipate the release of impending US inflation data that may offer some clues on the pace of future Federal Reserve interest rate increases.

S2 sells Polar Bear to Westgold

Mark Bennett’s S2 Resources has sold the Polar Bear gold project to Westgold in a $9 million partially scrip deal.

Kin MD quits after planned director spill

KIN Mining managing director Don Harper has resigned today following a move from former directors Terry Grammer and Fritz Fitton to remove board member David Sproule.

Workskil enters WA

Adelaide-based Workskil Australia is set to open 14 offices in Western Australia following a reallocation of providers under the federal government's jobactive program.

Shares follow Wall Street's positive lead

The Australian share market has closed higher following gains on Wall Street and as several companies reported profit growth.

Trump tax change a $US1.8b hit to BHP

BHP Billiton will include an income tax expense of $US1.8 billion in its half-year accounts due to a cut to corporate income tax rates in the US.

Blackham finalises $36m raising

Gold miner Blackham Resources has completed a $36 million entitlement issue with help from underwriters, as the company seeks to cut debt.

Growth in land sales, prices

Signs of recovery across Perth’s property market continue to emerge, with the latest figures from the Urban Development Institute of Australia showing land sales were up 4 per cent for the December 2017 quarter.

Revenue rise lifts Civmec

Henderson-based contractor Civmec lifted profit to $S10.4 million ($A10 million) for the first half of the financial year, up 59 per cent, on the back of a big surge in revenue.

Yeoman writes fresh festival

This year marks a changing of the guard at the Perth Writers Festival, with Katherine Dorrington stepping down as program manager and The West Australian’s literary editor, William Yeoman, stepping in to curate the festival in a guest capacity.

Trump build buoys Transurban

Transurban has racked up a near fourfold increase in first-half profit and the toll road operator is looking for more to come, thanks to US President Donald Trump's planned infrastructure splurge.

Culture drives leadership program

A unique initiative launched earlier this month based on the six seasons of the Noongar calendar aims to grow indigenous leadership skills through culturally appropriate training, according to co-founder Rishelle Hume.

Banks edge closer to instant payments

Three of Australia's big four banks have begun rolling out their new $1 billion payment system that allows customers to transfer funds between rival institutions in near real-time.

Orbital planning to shift up a gear

Balcatta-based Orbital Corporation recorded an unaudited $1.5 million after-tax loss for the first half of the financial year, but expects a profit in its full-year result, as it shifts focus to building engine parts for unmanned aerial vehicles.

Court dismisses eSense case

Legal proceedings started by two eSense-Lab directors, including Otsana Capital director Brendan de Kauwe, against the life sciences company in Israel have been dismissed.

First tick for Pilgangoora expansion

A $207 million expansion to more than double the capacity of Pilbara Minerals' Pilgangoora project could get under way as early as this year, after a pre-feasibility study released today delivered positive results.

Australian shares rise on US lead

Australian shares are modestly higher in early trade after Wall Street's Dow closed sharply higher as US equities rose for a second consecutive session.

Banks, brokers get a taste for WA wine

If WA’s wine industry isn’t exactly booming today, it could be a different story soon.

Morning Headlines

Coal strikers take pay cut to save jobs

$A gains again against weaker $US

The Australian dollar is back above 78 US cents as the US dollar's rise falters and it slips amid an equity rebound.

Oil up as markets stabilise, $US slips

Oil prices have risen, beginning to recoup some of last week's steep losses as global equities have steadied following their biggest one-week decline in two years.

Gold rises, but gains capped

Gold prices have risen as the US dollar has eased, but gains are expected to be muted ahead of inflation data from the United States later this week that could mean US interest rates rise faster than expected.

Simply Energy to enter Perth gas market

An east coast energy retailer backed by a French multinational will become the fifth player selling to consumers in the local gas market, after receiving approval by the Economic Regulation Authority today.

Buckeridge property sells for $43m

Singapore-listed OKP Holdings has made its first foray into Australia, via the purchase of an East Perth property for $43.5 million from BGC directors Andrew and Sam Buckeridge.

Law partners make their moves

SPECIAL REPORT: There has been a flurry of high-profile moves by senior lawyers in Perth as the sector readies for a pick-up from several quiet years.

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