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Delta, Brajkovich secure WA work

Melbourne-based Delta Group has been awarded two contracts in Western Australia, with a $4.2 million demolition job for the state government and work for CBH Group.

Pacific wins Panoramic power contract

Pacific Energy has won a power supply contract with Panoramic Resources for the restart of the nickel producer’s mothballed Savannah project in the east Kimberley.

ASX retraces gains after Wall St tumble

The Australian share market has slumped at the open, with the banks one of the few sectors in the green, after volatile Wall Street trade heralded the resumption of a red October.

Morning Headlines

Henderson in line for $200m defence boost

Wall Street drops on trade worries

US stocks have fallen in a volatile session, with the S&P 500 ending just shy of confirming its second correction of 2018, hurt by fresh worries of an escalation of US-China trade tensions and a sharp drop in big tech and Internet names.

Gold falls on strong dollar, equities lift

Gold has eased, sliding off a more than three-month peak in the previous session, pressured by a strong dollar and as investors returned to riskier assets following a recent sell-off in global stocks.

Oil dips as Russia signals high output

Oil prices have edged lower, with futures on track for the worst monthly performance since mid-2016, after Russia signalled that output will remain high and as concern over the global economy fuelled worries about demand for crude.

Perth CEO sacked by commissioners

UPDATED: Former City of Perth chief executive Martin Mileham says he is considering legal action after being sacked suddenly by the commissioners running the council yesterday.

Sirona positive on Perth growth

SPECIAL REPORT: Taking a long-term view of WA’s development potential is paying off for Sirona Capital.

Brookfield builds for the future

SPECIAL REPORT: Commercial property player and Perth’s biggest landlord, Brookfield, is building on its success across the city with big plans and a strategic focus.

Navitas, Jones continue stand-off

Navitas founder Rod Jones and his fellow board members have failed to reach agreement on insider protocols designed to manage conflicts of interest affecting the takeover target.

Perth office market absorbs foreign funds

SPECIAL REPORT: The greater volume of funding for commercial property is helping drive a push for diversification.

Popular Northbridge bar in limbo

The future of the Perth Cultural Centre’s Picabar has been placed in doubt, after its operators disclosed their lease had been terminated by the state government, which has transferred management of the precinct to the Perth Theatre Trust.

Gascoyne shares plummet after double resignation

Gascoyne Resources' share price plunged 55 per cent lower today after the gold miner disclosed managing director Mike Dunbar and chair Ian Murray both resigned last week, and it also downgraded its production forecast.

ASX lifts on miners, healthcare rally

A rally from the healthcare and materials sectors has pushed the Australian share market to a higher close despite weakness in overseas markets.

Ausdrill JV wins $US375m contract

Ausdrill-Barminco joint venture African Underground Mining Services has won a US$375 million underground mining services contract at AngloGold Ashanti’s Obuasi project in Ghana.

Gumala wins $15m in new work

Indigenous contractor Gumala Enterprises has secured a series of new contracts, including with iron ore miners Rio Tinto and BHP Billiton, worth a combined $15 million.

Rand forced to sell $60m Tribune stake

The Takeovers Panel has ordered the sale of a $60.1 million stake in gold miner Tribune Resources, along with updated disclosure from some of the company’s major shareholders.

Two wins at WA media awards

For the second year running, Business News was among the winners at the West Australian Media Awards announced on Saturday night.

Nicheliving refreshes ASX listing plan

Property developer Nicheliving has hit the restart button on its planned ASX listing, after making several major changes to the business, including announcing plans to appoint a new corporate adviser and auditor.

Holmes a Court, Perron at odds over art

Art Gallery of WA chair Janet Holmes a Court has gone head to head with Perron Group over the planned relocation of an artwork in the foyer of the Central Park office tower.

Alkane deal breaches hostile Explaurum bid

Alkane Resources is set to take an $8 million stake in takeover target Explaurum via a share placement that breaches the conditions of Ramelius Resources’ hostile bid.

ASX defies gloomy outlook in opening jump

The Australian share market has defied predictions of doom and gloom to climb at the start of a new trading week, with the heavyweight mining and banking sectors eking out early gains and healthcare stocks up by nearly three per cent.

Morning Headlines

Morrison to boost small end of town

US stocks end lower as tech stocks tumble

The S&P 500 has ended at its lowest level since early May after technology and internet shares sold off further, capping a volatile week that confirmed a correction for the Nasdaq.

Oil jumps, but still down over three weeks

Oil prices have risen, supported by expectations that sanctions on Iran would tighten global supplies, but futures posted a weekly drop as a slump in stock markets and concerns about trade wars clouded the fuel demand outlook.

Gold up again as investors seek safe haven

Gold has risen to a more than three-month peak as investors rushed to the safety of bullion as stock markets around the globe plunged, putting the metal on track for its fourth week of gains.

Late rally from banks and miners lifts ASX

The Australian share market has pulled itself off the canvas and finished slightly higher after a choppy day's trading and despite the US futures markets looking ominous.

Thick named as orchestra chair

Perth Symphony Orchestra has welcomed Tianqi Lithium general manager Phil Thick as its new chair.

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