Latest Headlines

Shares close 16pts lower

The share market has closed lower due to a broad sell-off of banks, insurers and other financial stocks.

Survey finds workplace gender pay issues persist

More than a third of business women believe they’re underpaid, according to a report published today by Business Women Australia and CoreData Group, yet nearly one in five of those surveyed has never asked for a pay rise.

ARU to face Senate inquiry for axing Force

A Senate committee will inquire into the future of rugby union in Australia, a day after the ARU's victory in its fight to axe the Western Force from Super Rugby.

Perth contractor into liquidation

Balcatta-based electrical, fire and security service provider Global Electrotech has gone into liquidation after creditors appointed DCS Advisory to the failed business, which owes about $1.2 million.

Brierty falls into administration

Troubled civil construction and mining services business Brierty has been placed in voluntary administration after failing to secure what it considered to be an adequate pipeline of future work.

Potential lead contamination at WA schools

Schoolchildren across Western Australia may be exposed to lead-contaminated water because the same plumbing materials plaguing Perth Children's Hospital could also be in schools, an expert has warned.

Blossoming Profresh a cut above

Floral wholesaler Profresh has grown from a one-person business into a team of almost 15, generating $3 million in revenue in just its second year of commercial operations

Johnston defends gas fracking inquiry

Mines Minister Bill Johnston has been criticised for holding a scientific inquiry to decide the future of fracking in the state, with the industry saying it's unnecessary and creates damaging uncertainty.

Orinoco attracts $8m investment

Gold junior Orinoco has tapped investors for a near-$5 million capital raising and a $3 million investment by AngloGold Ashanti, as it progresses development of its Cascavel operation in Brazil.

WA economy continues to shrink ahead of state budget

Western Australia’s economy shrunk by 0.3 per cent in the June quarter, excluding international trade, according to the latest data from the Australian Bureau of Statistics, while GDP grew 0.8 per cent nationally.

WA unis climb global ranks

The University of Western Australia has fallen just short of its ambition to be a top 100-ranked institution in the Times Higher Education World University Rankings, but gained ground alongside Curtin University, which also landed a higher position.

Aust Mines buys out JV partner for $10m

Local explorer Australian Mines has entered into an agreement to buy out its joint venture partner at the Sconi cobalt-nickel-scandium project in Queensland for $10 million in cash and scrip.

Solid report card for ‘50 Lives 50 Homes’ project

A report into an innovative project to provide sustainable housing for the city’s homeless has found significant social and economic benefits across its first 12 months of operation.

Shares open 34pts lower

The Australian market has opened lower, following a negative lead from Wall Street and the major bank stocks all trading lower.

Gold prices hit 12 month high

Gold prices have climbed to a one-year high on Tuesday as the US dollar eased and safe-haven buying demand remained robust due to continued concerns over North Korea's nuclear tests.

Morning Headlines

Key policy pay shake-up is ‘ludicrous and not fair’

$A higher against $US

The Australian dollar has risen against its US counterpart, which fell following the release of weak US durable goods data.

Oil prices rise, as US refineries restart

Crude oil prices rose and gasoline fell by about three per cent on Tuesday as the gradual restart of refineries in the US Gulf that were shut by Hurricane Harvey raised demand for crude and eased fears of a fuel supply crunch.

Hatton to chair fracking inquiry

The state government has strengthened its ban on fracking in Perth and the South West, while moving to appoint Environmental Protection Authority chairman Tom Hatton to run a scientific inquiry into the drilling technique.

Shares close 4pts higher

The Australian share market has overcome a poor start to close slightly higher, helped by a late rally in bank stocks and support for the miners on the back of recent improvements in commodity prices.

Forrest case sparks mining lease legitimacy fears

The state government is considering amendments to the Mining Act in the wake of the High Court’s recent ruling that kept sand mining off Andrew Forrest's family pastoral station in the Pilbara but cast into question the legitimacy of other granted mining leases since 2006.

Atlas grinds its way through the gears

ANALYSIS: Recent numbers from iron ore miner Atlas Iron suggest it may be moving from survival mode to revival.

WA new car sales turn around in August

Western Australia reported a surprise increase in new car sales last month, boosted by strong performances by Toyota and Hyundai.

RBA holds cash rate at 1.5%

The Reserve Bank of Australia has kept the official cash rate on hold at 1.5 per cent and repeated its concern that an appreciating Australian dollar could slow economic growth.

Company fined $70k for skylight fall injury

A roofing company has been fined $70,000 after a labourer was seriously injured when he fell five metres through a skylight in Bicton.

Golding brings in $25m contract for NRW

NRW Holdings’ recently acquired east coast business, Golding Contractors, has been hired to provide its services to a coal mine in Queensland under a $25 million contract.

Austal wins $44m ferry contract

Henderson-based shipbuilder Austal has landed its first commercial deal in Taiwan after being hired to build two vessels, with the contract valued at $44 million.

Western Force fight on after appeal loss

Billionaire backer Andrew Forrest has vowed to continue the Western Force's fight with the Australian Rugby Union after losing an appeal to remain in the Super Rugby competition.

Service sector activity expands in August

Australian services sector activity has continued to expand for the sixth straight month, but the rate of expansion has slowed.