Business News - Business, finance, political, &amp; economic news.

27 Apr 2018

A man has died after he was crushed at a coal mine in Collie last night.

Ocean Guardian

Shark deterrent developer launches IPO

27 Apr 2018

Perth company Ocean Guardian Holdings, which trades as Shark Shield, has launched a prospectus for a $5 million initial public offering, as it seeks to grow a suite of ocean safety products intended f

Pacific Energy

Pacific to build 52MW MinRes power station

26 Apr 2018

Perth-based Pacific Energy, through its newly acquired Contract Power Group, has secured a contract with Mineral Resources to build a 52-megawatt power station at the Wodgina lithium project.

West Australian Ballet

Stewart targets Raine cheques

26 Apr 2018

New chair Jan Stewart will be looking to grow awareness and financial support for the intergenerational Raine health study.

Woodside Petroleum

Doubt over Australian supremacy in LNG

26 Apr 2018

Consulting group Energy Quest has cast doubt over the long-held expectation that Australia will overtake Qatar as the world’s largest LNG producer, in part because of the anticipated decline in production at Woodside Petroleum's North West Shelf project.

Corporate Finance DealsView all

Australian Finance Group

AFG in $10.9 million property lender buy

Adrian Rauso

19 Apr 2018

West Perth-based Australian Finance Group has announced it will purchase a 30.4 per cent stake of Sydney-based commercial property lender Think Tank Group for $10.9 million.

AMA Group

Hopkins in $508m panel beating buyout

13 Apr 2018

Perth-based Andrew Hopkins has led a $508 million buyout of national panel beating business AMA Group, with the deal backed by private equity giant Blackstone.

Woodside Petroleum

Large deals boost capital raisings

09 Apr 2018

The value of Western Australia-related equity capital markets deals jumped to $4.2 billion in the March quarter, helped to a large degree by a handful of large transactions.Of the 140 March-quarter de

Argonaut

AWE, Finders battles add M&A spice

09 Apr 2018

SPECIAL REPORT: Corporate advisory firm Argonaut had a lead role in two of the most hotly contested takeover battles in WA in recent times.

Pacific Energy

Pacific Energy finds smooth M&A path

09 Apr 2018

SPECIAL REPORT: Ten years after completing a company-defining acquisition, remote power operator Pacific Energy has struck another similar deal.

This week's most viewedView all

Civmec

Worker dies at Perth wastewater plant

AAP Business News

20 Apr 2018

A construction contractor from Henderson-based Civmec has died while working on a wastewater treatment plant upgrade in Perth's south.

Trinity College

Reshuffle of heads for Perth boys schools

20 Apr 2018

Long-serving leaders of three of Perth’s most prestigious boys schools have announced their departure during the past fortnight, marking a shake-up for the education sector.

Sports bar brings the world to WA

Australian Development Capital

26 Apr 2018

A Victorian sports bar franchise has opened its second pub in Western Australia, part of a planned $10 million expansion in Perth.

Data shows Perth's urban sprawl continues

Mark Beyer Tayler Neale

24 Apr 2018

The bulk of Western Australia's population growth is occurring in Perth's outer suburbs, despite long-running efforts to encourage residential development in established inner suburbs, new data out today shows.

ADC proposes new East Perth precinct

23 Apr 2018

A private syndicate of local investors led by Australian Development Capital has contracted to acquire a state government site in East Perth where it plans to develop a town centre with residential, retail, office accommodation and community space.

Most CommentedView all

Tourism boss dumped

06 Apr 2018

The director general of the Department of Jobs, Tourism, Science and Innovation, Stephen Wood, will be leaving his job next week, after the government said it was not satisfied with his management of the tourism portfolio.

AMA Group

Hopkins in $508m panel beating buyout

13 Apr 2018

Perth-based Andrew Hopkins has led a $508 million buyout of national panel beating business AMA Group, with the deal backed by private equity giant Blackstone.

Miss Maud

Miss Maud Hotel sold to Stockholm Hotel Management

BRI Ferrier Western Australia

17 Apr 2018

Miss Maud’s Swedish Hotel and Restaurant at the corner of Pier and Murray streets has been sold to private company Stockholm Hotel Management, with the price rumoured to be around $10 million.

Cafes close in ATO battle

18 Apr 2018

Perth venues The London Court Cafe and Black Tie Co have closed their doors in recent weeks, as the holding company controlling the two brands enters liquidation following a dispute with the Australian Taxation Office.

Fremantle Ports

Kim Beazley appointed WA governor

03 Apr 2018

Former deputy prime minister and diplomat Kim Beazley has been appointed Western Australia's 33rd governor.

Politics & the EconomyView all

Joondalup Health Campus

$3.2bn federal funding for WA

27 Apr 2018

Civmec

Deeks chosen to boost WA trade

26 Apr 2018

The state government has appointed Civmec defence general manager Mike Deeks as its new London-based agent general for Western Australia.

City of Perth

Power to lead City of Perth inquiry

24 Apr 2018

The state government has appointed Francis Burt Chambers lawyer Tony Power to undertake a year-long inquiry into the City of Perth, after the council was suspended last month following a tumultuous period.

Perth inflation just 0.1% in March

24 Apr 2018

Perth's inflation rate was just 0.1 per cent in the March quarter, bringing the total increase in consumer prices in the past 12 months to just 0.9 per cent, well below the national inflation rate of 1.9 per cent.

Further consultation for energy guarantee

20 Apr 2018

State governments have approved more detailed design work on the National Energy Guarantee to proceed at a Council of Australian Governments energy ministers meeting today, although Labor state leaders still have objections.

Upcoming Business News EventsView all

Success and Leadership - Success & Leadershi...

Hyatt Regency Perth - 03 May 2018

Rising Stars Awards - Entries now open for 2018...

To be announced - 27 June 2018

PropertyView all

BGC Development

Westin Hotel to revive Perth’s East End

27 Apr 2018

Marriott International has opened Perth’s first Westin Hotel, following an official ceremony this morning, launching part of a new $500 million dining and leisure precinct set to revamp the area.

Savills

Perth CBD office sales reach $740m

26 Apr 2018

Perth’s CBD office market recorded $740 million worth of major transactions in the 12 months to March 2018, more than three times higher than it was this time last year, according to research undertaken by Savills Australia.

Cameron Chisholm Nicol

Architects adapt, future-proof services

26 Apr 2018

Doing more with less is common practice for most businesses in an economic slowdown and the state’s architects are no different, with many adapting and evolving their services to win work.

Melbourne Hotel

Heritage a Melbourne drawcard

24 Apr 2018

The Melbourne Hotel is hoping its $40 million makeover, which aims to strike a balance between old and new, will give it a competitive edge in the Perth market.

Jaxon

Jaxon wins $35m aged care project

23 Apr 2018

Craigcare has appointed local builder Jaxon to deliver its third aged care facility in Western Australia, located on Grandstand Road in Ascot.

WA Event CalendarView all

WA's most comprehensive guide to forthcoming business-related events. To list an upcoming WA event on this page, complete the online submission form.

28 Apr 2018 to 13 May 2018 | @ 09:00am

Margaret River Region Open Studios

01 May 2018 | @ 07:15am

INSPIRATIONAL LEADER SERIES - JIM WALKER FAIM GAICD

01 May 2018 | @ 07:30am

For the Good of the Game | Sports Governance Breakfast

01 May 2018 to 02 May 2018 | @ 07:30am

Hot Topix: Pilbara Kimberley Forum 2018

01 May 2018 | @ 09:00am

Building Your Brand Through Digital Marketing Workshop

01 May 2018 | @ 01:00pm

Facebook for Business: Insights into Marketing for Tourism Workshop

01 May 2018 | @ 05:00pm

Leading Complex Projects with Ed Merrow

02 May 2018 to 03 May 2018 | @ 08:00am

WACOSS Conference: Making Place

02 May 2018 | @ 09:00am

Advanced Facebook for Business: In-Depth Advertising and Strategy Workshop

02 May 2018 | @ 01:00pm

Digital Marketing: Major Platforms and Trends in 2018 Workshop

Arts & CommunityView all

West Australian Ballet

Stewart targets Raine cheques

26 Apr 2018

New chair Jan Stewart will be looking to grow awareness and financial support for the intergenerational Raine health study.

Rio Tinto

Walsh to chair national arts council

23 Apr 2018

Former Rio Tinto chief executive Sam Walsh will take up the position of Australia Council of the Arts (ACA) chair, as of July, after almost two years on the board.

Art Gallery of WA

Web puts photographers in the picture

17 Apr 2018

Perth photography business Salty Wings is a prime example of how creatives in the 21st century can drive success off the back of social media.

St Bartholomew's House

End Homlessness WA launches on Adelaide Terrace

13 Apr 2018

A group of not for profits that joined forces 18 months ago with a mission to end homelessness will today publicly launch its 10-year plan on Adelaide Terrace, followed by a music event through the streets of the CBD.

Town of Victoria Park

Social enterprise for homeless seeks $50,000

12 Apr 2018

An emerging social enterprise, The Underground Collaborative, is seeking about $50,000 to provide employment pathways for Perth’s homeless and disadvantaged amid plans to roll out a series of coffee carts across local parks.

Featured PhotographsView all

The Melbourne Hotel

Conservatory

Riff powered by SpaceCubed

Riff powered by SpaceCubed

Sculpture By The Sea 2018

Sculpture By The Sea 2018

Sculpture By The Sea 2018

Club Swizzle

Club Swizzle

Club Swizzle

EnergyView all

Horizon Power

Two additions to Horizon Power board

Nicholas Clarke

26 Apr 2018

The state government has appointed Stephen Edwell chair of Horizon Power, and added Kylie Chamberlain to the utility’s board.

Solar/crypto project for Collie

24 Apr 2018

Collie could soon be home to a 20 megawatt solar farm and cryptocurrency 'mining' operation, after the Southern Development Assessment Panel recommended approval for a project led by energy entrepreneur Ben Tan.

Image Resources

Sunrise secures $7m solar win

23 Apr 2018

A solar power company founded by former Western Power manager Neil Danby and olympic basketballer Andrew Vlahov has picked up its first contract, winning $7 million of work for Image Resources’ Boonanarring mineral sands project.

Chevron

Gorgon build will mean workflow for contractors

16 Apr 2018

Chevron’s decision to build stage two of the Gorgon LNG project, announced on the weekend, takes the total value of petroleum industry investment committed or under construction in Western Australia to around $55 billion, according to state government data.

Roy Hill Holdings

Alinta unveils $45m Pilbara battery

Small Business Development Corporation

13 Apr 2018

A new utility-scale battery launched in the Pilbara by Alinta Energy today will be Australia’s second biggest, behind Elon Musk’s Tesla battery in South Australia.

"Mark My Words" PodcastsView all

27 April 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss $3bn federal infrastructure boost, Perth’s urban sprawl, Burrup gas projects, global LNG production, Westin Hotel opens and mining projects.

20 April 2018

PODCAST: In this Business News podcast Mark Pownall, Matt Mckenzie, and Katie McDonald discuss Gorgon stage two, corporate tax debate, defence contracts, employment data, fracking ban, tourism, and our building and construction feature.

20 April 2018

A survivor of the tech wreck, Andrew Hall tasted success in the venture capital space before launching his own new startup, Formalytics.

13 April 2018

PODCAST: In this Business News podcast Mark Beyer, Matt Mckenzie, and Tori Wilson discuss Synergy and renewable energy, the Atlas Iron takeover, live sheep exports, Bill Shorten’s Perth visit, a new report on Kwinana, and the debate over training and apprenticeships.

06 April 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss house price recovery, lithium contract win, automation in WA, remuneration report, GST, indigenous contracting, our feature on corporate finance includes big recent takeovers and the trends in other mergers and acquisitions + a capital raising wrap-up.

Food & WineView all

Fresh greens at your fingertips

BRI Ferrier Western Australia

19 Apr 2018

Indoor plant solutions startup Urbotanica is hoping to springboard off the growth in healthy food preparation appliances with the launch of its UrbiPod.

Cafes close in ATO battle

18 Apr 2018

BDO

Jamie Oliver's Aust business hits trouble

Wines of Western Australia

17 Apr 2018

Jamie Oliver's business woes have deepened with his Australian restaurant group falling into voluntary administration.

Aust wine exports to China pass $1bn

16 Apr 2018

Lower tariffs have helped boost the value of Australian wine exports to China in the year to March 2018 to more than $1 billion - the first time that exports to a single country have hit that level.

Feral Brewing Company

Crafting the perfect brew

11 Apr 2018

WA’s beer offering today is a world away from the limited choices of just a few decades ago.

Special ReportsView all

Construction 2018

23 April 2018

Big builds bring confidence

23 Apr 2018

Payments’ security under review

23 Apr 2018

Dismantling the status quo

23 Apr 2018

Apprentices and training 2018

16 April 2018

Struggle to meet market needs

16 Apr 2018

Businesses wary of tax training plan

12 Apr 2018

Corporate finance March 2018

09 April 2018

Pacific Energy finds smooth M&A path

09 Apr 2018

AWE, Finders battles add M&A spice

09 Apr 2018

Large deals boost capital raisings

09 Apr 2018

Agribusiness 2018

03 April 2018

Agribusiness seeks global growth solutions

03 Apr 2018

Energising options to give farmers power

03 Apr 2018

Lower prices hit revenue

03 Apr 2018

Most Influential 2018

26 March 2018

The key players in politics, business, arts and property

Leadership can take many forms

26 Mar 2018

Saffioti plans taking shape

26 Mar 2018

Influencers and innovators shape arts sector outcomes

26 Mar 2018

MiningView all

Syndicated Metals

Kin appoints new CEO

27 Apr 2018

Aspiring gold miner KIN Mining has appointed former Syndicated Metals managing director Andrew Munckton as its new chief executive after former leader Don Harper quit in February.

UnionsWA

WA coal mine worker crushed to death

27 Apr 2018

A man has died after he was crushed at a coal mine in Collie last night.

Pacific Energy

Pacific to build 52MW MinRes power station

26 Apr 2018

Perth-based Pacific Energy, through its newly acquired Contract Power Group, has secured a contract with Mineral Resources to build a 52-megawatt power station at the Wodgina lithium project.

Finders Resources

Panel blocks major shareholder

26 Apr 2018

The Takeovers Panel has blocked a major shareholder of Finders Resources from accepting the recent takeover offer after the corporate watchdog submitted an application to the panel.

Fortescue Metals Group

Cost increases for FMG

24 Apr 2018

Fortescue Metals Group has recorded higher production costs during the March quarter, while iron ore shipments were down slightly for the period.

Current IssueView all

Issue for 23 Apr 2018 to 06 May 2018

Issue for 9 April 2018 to 22 April 2018

Issue for 26 Mar 2018 to 8 Apr 2018

Issue for 12 Mar 2018 to 25 Mar 2018

Issue for 26 Feb 2018 to 11 Mar 2018

OpinionView all

Mark my words podcast

Mark Pownall

27 Apr 2018

McKinsey & Company

Digital drive gives power to the people

Tim Treadgold

24 Apr 2018

Keeping pace with the changing demands of a digital marketplace is a challenge for many in business.

Mark my words podcast

Mark Pownall

Department of Jobs Tourism Science and Innovation

20 Apr 2018

Political posts and power plays

Peter Kennedy

20 Apr 2018

Opinion: The departure of career public servant Stephen Wood has raised questions about the role of the bureaucracy in providing frank and fearless advice.

Fremantle Ports

Union of convenience may be a step too far

Mark Pownall

19 Apr 2018

Past overreach on IR and current political realities combined to mute the federal government’s options in terms of the new ‘super union’.

RetailView all

UK Bunnings remains a weight on Wesfarmers

27 Apr 2018

Wesfarmers has blamed severe winter weather for another dramatic fall in sales at its struggling Bunnings venture in the UK and Ireland.

Wesfarmers

Coles' third quarter sales lift 0.9%

26 Apr 2018

Coles' food and liquor sales rose in the third quarter, with parent company Wesfarmers citing lower prices and improved service and quality for customers.

Myer

Economists unconvinced by retail surge

Cash Converters International

04 Apr 2018

Department store sales helped retail spending rebound sharply in February, but economists aren't getting carried away by the surprisingly strong result.

Wesfarmers

Retail sector feeling the heat

Tim Treadgold

16 Mar 2018

Analysis: The franchising model could become the latest victim of the pressure being heaped on the retail sector.

Cashies delivers on profit expectation