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Morning Headlines

JobSeeker surge in blue-ribbon suburbs

Oil steadies amid demand concerns

Oil prices edged up overnight in sluggish trading with holidays in Singapore, London and New York, as rising concerns over demand recovery offset supply cuts.

Govt relaxes company disclosure rules

The federal government has temporarily amended continuous disclosure provisions that apply to companies and their officers, citing concern about companies being exposed to opportunistic class actions.

Aust shares rise 2.2%, hit 11-week high

The local bourse has closed at an 11-week high after soaring more than two per cent, with gains across the board.

Warrego Energy to raise $15m

Warrego Energy has received commitments to raise $15 million from a two-tranche share placement, with the proceeds to go towards drilling at its West Erregulla development in the Perth Basin.

Sustainability gains ground in Margs

The wine industry is shifting to more sustainable production methods.

Market choices mitigate COVID impact

Exports, tourist numbers, and cellar door sales have been disrupted in the past few months, putting some WA wineries under pressure.

$1.5m to WA visual artists

The Art Gallery of WA Foundation and the gallery's board have announced a $1.5 million package for Western Australian artists represented in the State Art Collection and Aboriginal art centres across the state.

Gold explorers seek $12m

Kairos Minerals is looking to raise up to $4.2 million from a share placement and rights issue, while RTG Mining and Paterson Resources have also recently launched capital raisings.

Palmer call sends wrong message

The refusal to allow Clive Palmer into WA on public health grounds seems out of step with decisions relating to other high-profile businessmen.

Finbar brings sales in house

ASX-listed apartment developer Finbar Group has established a new business division, appointing an in-house sales team led by former Knight Frank head of residential Western Australia Neil Kay.

Regional travel restrictions to lift on Friday

The state government will lift regional travel restrictions in time for the long weekend, with Premier Mark McGowan urging Western Australians to travel within the state and support local businesses.

Western Areas takes 19% stake in Panoramic

Panoramic Resources has edged closer to the restart of its Savannah nickel mine in the East Kimberley after launching a $90 million capital raising, with Western Areas to emerge as a new strategic investor.

InteliCare lists after $5.5m IPO

Leederville-based startup InteliCare had a positive start to trading on the ASX today, with its shares closing at 31.5 cents each, more than 50 per cent above their issue price.

WA companies win Great Central Road works

A joint venture between Carey Mining and Central Earthmoving has secured sealing works on Great Central Road under a $20 million contract, with the project jointly funded by the state and federal governments.

Hassell, Devlyn win school contracts

Architecture firm Hassell has secured design works on new arts facilities at Bob Hawke College, which are set to double student capacity, while Devlyn Constructions has started work on new facilities at Belmont City College.

Master Builders seeks $13bn stimulus

The Master Builders Association is seeking more than $13 billion for a building and construction stimulus package which it claims will support an economic recovery, including subsidies for new home building and for rennvations.

Aust shares climb 1.5% in early trade

Shares have bounced about 1.5 per cent in early trade on the Australian market with all industry sectors higher.

Morning Headlines

JobKeeper: PM digs in over saving

Oil down on China-US tensions

Oil prices have tumbled about 2 per cent on rising US-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.

Gold firms as US-China spat helps demand

Gold prices will start the week higher after intensifying US-China tensions compounded fears of a slow recovery in a global economy already reeling from the coronavirus pandemic.

Australian share market drops nearly 1%

The Australian share market has closed lower, rejecting a move above 5,600 as traders turned cautious amid fresh US-China tensions.

Bryah shares surge on high-grade discovery

Shares in Bryah Resources were trading as much as 50 per cent higher today after the Perth-based explorer reported recent drill results at its manganese project in Western Australia.

Ord Minnett back in Perth

Stockbroking and wealth management firm Ord Minnett will formally resume its Perth presence next week after an absence of 17 years.

Activ cancels City to Surf

Disability service provider Activ has become the latest organisation to withdraw a major fundraising event, with this year’s City to Surf cancelled on the back of state and federal government coronavirus directives.

Myer reopening all stores

Myer says it will reopen all of its stores, with Perth City due to reopen next Wednesday, in line with most other stores around the country, while its Karrinyup store is set to reopen next weekend once a refurbishment project is complete.

Mark my words podcast

PODCAST: Mark Pownall and Mark Beyer discuss Wesfarmers restructuring, pandemic impact, planning process changes, BGC and Ventura Homes, new city towers, China tension, and our special report on WA's wine industry.

Treasury revises JobKeeper to $70 billion

The federal government's JobKeeper wage subsidy program is now expected to cost $70 billion, only about half the original estimate of $130 billion.

BHP appoints Edgar Basto as minerals president

BHP has selected former iron ore boss Edgar Basto to lead its Australian mining operations, after he served as acting minerals president since the appointment of chief executive Mike Henry last year.

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