Latest Headlines

Cape wins Metronet contract

CFC Group subsidiary Cape has secured a power infrastructure contract with Western Power as part of the state government’s Metronet project.

Regional restaurants beat Perth in Food Guide

Regional restaurants have received the top accolades in Western Australia, as the national Good Food Guide released its 2019 edition.

Kin plans $10m raising

Gold-focused Kin Mining has announced plans to raise up to $10.4 million via an entitlement offer, while also revealing it has received interest for potential acquisition deals.

Hancock secures 90% of Atlas

Gina Rinehart’s Hancock Prospecting plans to focus on how to integrate Atlas Iron’s operations into its existing business after acquiring more than a 90 per cent shareholding in the struggling iron ore miner.

Tech Scene- Fooduction

Fooduction is an online marketplace app where users can buy takeaway food items from nearby local restaurants and other establishments (with a licensed home kitchen).

From Ken Court to Li Ping, Oakajee saga ongoing

Plans announced last month by a private Chinese group to revive the multi-billion dollar Oakajee port project add a new twist to a 45-year saga.

ASX takes an opening hit, extending losses

A global sell-off has pushed Australian shares lower again at the open, with healthcare and energy shares dragging on the market, and the banks and miners flat.

Morning Headlines

ATO targets legal privilege

Wall St lower as tech stocks, oil weigh

US stock indexes were lower on Monday, pressured by a drop in technology and energy companies and muted appetite for equities after last week's spike in Treasury yields following healthy economic data.

Oil recovers after sharp overnight drop

Oil prices almost fully recovered from a sharp drop overnight, paring losses as investors bet China's economic stimulus moves would lift crude demand in the world's number two economy.

Gold dips as buyers seek refuge in dollar

Gold fell to its lowest level in a week overnight as investors sought safety in the US dollar on concerns about a selloff in global stocks worsened by worries over economic growth in China.

Markets close on worst day since March

Australian shares have suffered their worst one-day performance since March as the Aussie dollar recovered slightly from a weak opening.

Brokers’ best business in mining services

Tighter lending conditions likely after the banking royal commission will be a hurdle for business brokers who are seeing a slow improvement in their market.

Bannister Downs opens $20m facility

Sue and Mat Daubney’s Bannister Downs Dairy officially opened its $20 million-plus robotic milking operation and tourism centre at the weekend, with the pair cutting a special ribbon with major investor Gina Rinehart.

Quantify to raise $4m

Perth-based Quantify Technology Holdings has announced a $4 million capital raising to progress the commercialisation of the company’s flagship device.

Gascoyne flags board changes

Ian Murray has been appointed non-executive chairman of gold producer Gascoyne Resources, two months after announcing his retirement from Gold Road Resources.

Mining, energy take IPO reins

SPECIAL REPORT: A significant uptick in the number of resources stock floats in WA mirrors a national trend driven by improved investor sentiment and rising commodity prices.

Gold revival boosts deal flow

SPECIAL REPORT: WA companies participated in 175 corporate finance transactions worth $7.6 billion in the September quarter, with one of the most complex and innovative being the recapitalisation of Eastern Goldfields.

CME appoints BHP executive

The Chamber of Minerals and Energy of WA has appointed Edgar Basto as its acting president following the departure of Woodside executive and CME president Jeroen Buren.

St Barbara in $7m gold JV

Gold miner St Barbara has entered into a joint venture agreement with Australian Potash at the Lake Wells gold project near Laverton.

ANZ profit to take hit from $421m compo

ANZ has flagged an $824 million hit to its full-year profit due to impairments and one-off expenses, with half of it related to customer remediation.

Decmil wins $277m EPC solar contract

Decmil Group has finalised a $277 million contract with Chinese group Maoneng to build a 255-megawatt solar farm in NSW, eight months after signing a memorandum of understanding for the project.

Where there’s a will, there’s a way

Lawyer Michael Hollingdale’s career has taken a new turn after being asked to help wealthy families with their estate planning.

Miners, banks drag on Aust shares at open

Tumbling overseas markets - combined with weaker metals and oil prices, and pending scrutiny for the big banks - have given Australian shares a whack at the open, while the Aussie dollar remains at near two-and-a-half year lows in the face of a strong greenback.

Morning Headlines

Boost for Pilbara power plan

Wall St falls, yields gain on jobs data

US stocks dropped for a second straight day on Friday, weighed down by another rise in Treasury yields in the wake of a solid jobs report that capped off a week of robust data.

Oil marks weekly gain ahead of sanctions

Crude futures steadied after climbing to four-year highs, while both Brent and US crude marked weekly gains ahead of US sanctions on Iranian oil exports.

Gold up as US dollar eases amid jobs data

Gold edged higher as the US dollar softened on data that showed job growth had slowed more than expected last month, while a slide in stock markets burnished the appeal of bullion as a safe haven.

Norwest delay at Xanadu

West Perth-based oil hopeful Norwest Energy has said a delay in regulatory approvals has pushed back the targeted start of a seismic survey at its Xanadu prospect in the Perth Basin until at least March 2019.