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

Corporate Finance DealsView all

Battery hopefuls pick up $50m

Two Western Australian mining juniors focused on battery-related commodities have secured $50 million to advance their projects in Africa.

Steinberg-backed fund completes $160m purchase

A new business backed by Quadrant Private Equity and the Perth-based family of Timezone founder Malcolm Steinberg has completed the purchase of Ardent Leisure Group’s bowling and entertainment division.

AFG in $10.9 million property lender buy

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.

Hopkins in $508m panel beating buyout

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.

Large deals boost capital raisings

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

Most CommentedView all

Lounge offers business connections

The Small Business Lounge on Mount Hawthorn’s Oxford Street is just the first step for founder Brooke Arnott, who plans to take the advisory concept nation wide.

Dunsborough Puma developer has court win

The proponents of a Puma Energy development on Dunsborough’s main street had a win in the Supreme Court yesterday, but the issue is far from settled according to a local advocacy group against the proposal.

Mixed news for two Burrup projects

Long-running plans by Vikas Rambal’s Perdaman Industries to build a multi-billion dollar urea manufacturing plant in Western Australia have received a fillip, with his group signing a gas supply agreement with Woodside Petroleum.

Westin Hotel opens in Perth’s east end

Marriott International has opened Perth’s first Westin Hotel at an official ceremony this morning, anchoring a new dining and leisure precinct set to revamp the area.

Golden Group starts work at Belmont Park

Fives years after unveiling its vision for high-rise apartments at Belmont Park Racecourse, Golden Group will host a groundbreaking ceremony at the site today.

Politics & the EconomyView all

Hanson rejects tax cut plan

Federal Labor is demanding the Turnbull government hand over details of the "secret" deal it struck with Pauline Hanson to get her support to cut business taxes, a pact One Nation is now reneging on.

Confidence in China relationship

Australian businesses can be confident that strong personal relationships with their partners in China can help overcome any short-term problems between the governments of the two countries, according to two local business executives with close ties to the Asian powerhouse.

Cleaning up, clearing out

Entrepreneur lunch: Navitas managing director Rod Jones recently found a simple way to end in-house confusion about his phased handover to successor David Buckingham.

Constant re-engineering needed

Entrepreneur lunch: Coogee Chemicals executive director Gordon Martin struck a chord at this year’s Entrepreneur of the Year lunch when he said all businesses needed to re-engineer their cost structure every few years.

Business leaders see potential

Entrepreneur lunch: Peter Prendiville, Rod Jones, Gordon Martin and John Rothwell have outlined the challenges they see in diversifying WA’s economy.

Upcoming Business News EventsView all

Beaumonde On The Point (upstairs ballroom and function centre), 306 Riverside Drive, East Perth - 27 June 2018

PropertyView all

Construction tenders May 18 2018

TendererProjectCloseSubmissionsBroad Construction ServicesFremantle - civic building and libraryJun 5jaan.lind@broad.com.auBroad Construction ServicesLeighton Beach - Compass apartmentsJun 1tim.an

Monaci to head Georgiou Group

John Georgiou will step down as chief executive of family-owned Georgiou Group after 20 years in the role, with executive general manager Rob Monaci to take up the position from August 1.

$160,000 fine after two deaths

A cartage company has been fined $160,000 after pleading guilty to causing the death of two construction workers in East Perth in 2015 after tilt-up panels fell off a truck.

First State makes $190m Freo foray

First State Super has made its first major investment in Western Australia, with the Sydney-based superannuation fund signing a $190 million funding agreement with Sirona Capital for the Kings Square Fremantle redevelopment.

Scarborough sale heralds rental plan

A Singaporean investment manager has bought the Sunmoon Boutique Resort in Scarborough for $8.3 million, with plans to transform the property into one of Australia’s first build-to-rent projects.

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.

Arts & CommunityView all

Rose sales drive funds for Cystic Fibrosis

Cystic Fibrosis WA is calling on volunteers and businesses across the state to help the charity raise $75,000 this Friday as part of its annual ’65 Roses Day’.

Hemsley heads AGWA Foundation

Property consultant Warwick Hemsley has replaced Adrian Fini as the Art Gallery of WA Foundation chair after four years at the helm.

$17m of AGWA collection at risk of damage

The auditor general of Western Australia has found about 785 artworks of the state’s $300 million collection is at risk of damage or loss due to inadequate storage, conservation and monitoring by the Art Gallery of WA.

Community culture works for WASO

WA Symphony Orchestra has deep roots planted firmly across Western Australia, having spent 90 years connecting with communities beyond its core audience of classical music aficionados.

Pica showcases emerging artists

Perth Institute of Contemporary Arts will launch its 27th Hatched: National Graduate Show this Friday night, showcasing 30 new graduates from across the country, including five local artists.

EnergyView all

AGL rejects Alinta's $250m Liddell bid

AGL has knocked back Alinta Energy's $250 million offer to buy Liddell Power Station and reaffirmed its decision to close the plant in 2022.

New Burrup projects aim to defy history

Two groups aspiring to build gas processing projects on the Burrup Peninsula are aiming to fare better than many others have in the environmentally sensitive area.

ERA tightening to reduce power price pressure

State-owned Western Power will need to trim operating costs by about $100 million more than planned over the next five years under the Economic Regulation Authority’s latest draft access arrangements released last night.

WA shopping centres go solar

Two shopping centres in Perth’s north have been included in a $28 million solar power project being undertaken by ASX-listed Vicinity Centres, which is forecasting the creation of about 40 local jobs.

Big changes for WA landfill, waste projects

Two giant waste-to-energy projects planned for Kwinana and Rockingham could gain extra financial backing after the federal government unveiled a raft of policy initiatives to address problems flowing from China’s new restrictions on accepting foreign waste.

"Mark My Words" PodcastsView all

18 May 2018

PODCAST: Mark Pownall and Mark Beyer discuss defence contracts, LNG developments, high density housing, master entrepreneurs, The West Australian, lithium and our special report on philanthropy.

11 May 2018

PODCAST: Mark Beyer and Mark Pownall discuss the state and federal budgets, three byelections in WA (or maybe four), regulator activity, and our special report this week is the wine industry.

07 May 2018

Former Fortescue Metals Group CEO Nev Power’s new career as a non-executive director has started with Perth Airport.

04 May 2018

PODCAST: Mark Beyer and Mark Pownall discuss Belmont Park apartments, Lithium projects, Fringe Festival, Chris Sutherland, and BN's special report on universities.

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.

Food & WineView all

WA brewery tops international competition

The local beer label behind Northbridge Brewing Company and Whitfords Brewing Company has won the top prize at Australia’s most renowned beer competition, hosted in Melbourne last night.

King of Queen Street lifts veil on new Moroccan bar

With the outlook for the small bar sector becoming more positive, hospitality entrepreneur Andy Freeman has embarked on a $2 million Moroccan-themed venue in Perth’s east end.

Tiny’s brings big energy to QV1

A new bar at Perth’s QV1 is aiming to make a big splash in Perth’s west end.

Perth first choice for Aloha Poké

Perth’s up-and-coming healthy food market was one of the factors that drew Singaporean restaurant chain Aloha Poké to the Western Australian capital, with its first international outlet opening at St Martin’s Centre in the CBD two weeks ago.

Stadium sales lift Gage Roads

Shares in Gage Roads Brewing Company have jumped today after the company posted impressive quarterly results, driven by strong sales at Optus Stadium.

MiningView all

Pilbara Ports moves on Lumsden Point facility

A long-mooted port development at Lumsden Point adjacent to existing operations at Port Hedland has taken a step forward with the Pilbara Ports Authority opening expressions of interest for potential investors in the project.

Paringa raises $30m

Shares in the Ian Middlemas-led Paringa Resources fell sharply today after the company completed a $30.2 million capital raising at a heavily discounted price of 22 cents per share, with the proceeds to fund construction of its Poplar Grove coal mine located in the US.

Antipa in $7m raising

West Perth-based Antipa Minerals has announced a capital raising of $3.3 million, and is planning an entitlement offer for an additional $4.3 million, with the funds to be spent on exploration work at

Rio's driverless trains gain approval

Rio Tinto’s autonomous train program at its iron ore operations is one step closer to full implementation after it received approval from the National Rail Safety Regulator.

$9m BHP win for Minetec

Bibra Lake-based Minetec has been awarded a $9.5 million contract to supply BHP’s Olympic Dam mine in South Australia with an underground fleet management system, while the tech firm’s parent company, Codan, has posted a profit upgrade.

OpinionView all

Mark my words podcast

PODCAST: Mark Pownall and Mark Beyer discuss defence contracts, LNG developments, high density housing, master entrepreneurs, The West Australian, lithium and our special report on philanthropy.

Liberal move divides party

The GST is a potential sleeper issue as WA heads to three by-elections.

Emotive issues all talk

A renewed activist focus on the carbon sequestration efforts on Barrow Island is, like many populist arguments these days, abusing language to stir up emotions.

Mark my words podcast

PODCAST: Mark Beyer and Mark Pownall discuss the state and federal budgets, three byelections in WA (or maybe four), regulator activity, and our special report this week is the wine industry.

Benefits of commitment clear

All the marketing in the world won’t help your business if the people who work there aren’t great, and committed to doing their best.

RetailView all

Myer blames warm weather for profit woes

Myer has warned unseasonably warmer weather could dent its fourth-quarter profit after third-quarter sales dipped 2.7 per cent to $635.3 million.

Woolies' Q3 sales growth surpasses Coles'

Woolworths has outpaced rival Coles' sales growth for a sixth consecutive quarter.

Wesfarmers leadership changes

Wesfarmers has announced two leadership changes today, with Officeworks chief executive Mark Ward set to step down at the end of the year, while former New Zealand prime minister Bill English has been appointed to the board of the Perth-based conglomerate.

UK Bunnings remains a weight on Wesfarmers

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

Coles' third quarter sales lift 0.9%

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

Most viewed people

Sophia Bolhassan

Sophia Bolhassan

Manager, Investor Relations, Australian Mines

John Poynton

John Poynton

Director, Linc Property
Non-Executive Chairman, Giving West
Council Chairman, Christ Church Grammar School
Non-Executive Chairman, Warrington Property
Non-Executive Chairman, Jindalee Partners
Non-Executive Director, Crown Perth
Non-Executive Chairman, Strike Energy
Board of Guardians, Future Fund

Denby Roberts

Denby Roberts

Director, DR Capital

Sharon Warburton

Sharon Warburton

Non-Executive Director (Co-Deputy Chair since 2017), Fortescue Metals Group
Director, Perth Children's Hospital Foundation
Non-Executive Director, Gold Road Resources
Founder, Steel Heels
Director, Barminco

Darren Yeates

Darren Yeates

Non-Executive Director, Emeco Holdings

Thought LeadershipView all

The Evolution of Disaster Recovery: Achieving IT Resiliency

The backup and recovery strategy that forms the backbone of IT resiliency has come a long way in the last twenty years. IT teams have evolved from preserving and protecting company data on tape systems, and there is an increasing realisation that in-house data centres act as a single point of failure.

Industry, Tertiary Education and Government: is the DNA of WA life a Triple Helix?

It’s long been acknowledged that the interrelationship between industry, tertiary education and training providers and government can either help or hinder innovation in a society, depending on how th

Do you want the Lamborghini, the Hyundai or the Bicycle … of salary benchmarking?

Salary benchmarking can be as illuminating for businesses as it is for employees.

Empower your team with Digital

A workplace is no longer the physical office space or place of work, it is wherever work takes place. Network barriers, organisational silos, lack of knowledge sharing, restrictive work practices

Financial Counselling - An Integrated Response

Members and volunteers are at the core of the work that Vinnies does, and last financial year these remarkable people assisted over 38,000 Western Australians.