News

Former high-flying Western Australian businessman Mark Povey and his wife, Catherine Paino-Povey, have been fined more than $500,000 for short-changing three overseas workers thousands of dollars in wages through the couple’s contract cleaning company.

AWE shares have tumbled after the Chinese state-owned energy corporation interested in buying the Australian oil and gas group withdrew its $430 million proposal, after it was unable to conduct a final due diligence review on the target.

The Australian share market has fallen in early trade as the big banks remain in the doghouse with investors.

ATO eyes legal fight against BHP, Rio hubs

A new accelerator program for startups in the agribusiness sector will get under way next year after securing funding from the state government’s Department of Primary Industries and Regional Development.

A Perth-based construction technology company plans to disrupt the industry with a building system it claims will deliver faster, cheaper, greener and higher-quality projects.

Fortescue Metals Group will appeal the Federal Court ruling granting exclusive rights to the Yindjibarndi people over Pilbara land where the company operates its Solomon hub, three weeks after the state government welcomed the decision.

Mining giant Rio Tinto has appointed former Anglo-American Plc executive Simon Thompson as its new chairman to succeed incumbent Jan du Plessis.

The Australian share market has closed steady, as regulatory risk weighed on the country's major banks and surging iron ore futures rallied the miners.

Crown Resorts will "vigorously defend" Federal Court proceedings after the casinos operator was hit with a class action alleging it did not give shareholders enough information about risks it was taking in China.

Grocery wholesaler Metcash has lifted first-half profit by 24 per cent to $92.9 million, despite a drop in sales across its supermarkets business, with WA sales hit by increased competition and soft economic conditions.

Perth-based Pacific Energy has acquired the 10-megawatt Nova gas-fired power generation plant in Victoria for $7.5 million.

Elizabeth Gaines’ selection last week as the incoming chief executive of Fortescue Metals Group has shot her to the top of a very short list of genuinely powerful women in business in Western Australia. Click through to read more and see our listing of 12 leading WA women in business.

The Australian share market is slightly higher in early trade, with investors uncertain of the direction after a volatile Friday session on Wall Street.

The Australian share market has closed higher, led by the healthcare and energy sectors, while the under-pressure banks faded after an early rally as the looming royal commission weighs on the financial sector.

The fate of once-thriving Perth business Habitat 1 provides salutary lessons for investors and company directors, especially those who have signed non-compete agreements.

Two years into his job as Sadleirs Logistics chief executive, Ian Kent is preparing the family owned business for increased national growth after overseeing major changes to its local operations.

The opposition parties in Perth and Canberra are kicking the can down the road on debt, despite the parlous state of their respective budgetary positions.

Lord Mayor Lisa Scaffidi has won her court appeal against 26 adverse State Administrative Tribunal findings that she breached her gift disclosure obligations and remains hopeful of returning to the post once the matter is resolved.

Perth home prices have risen for the third straight month for the first time since 2014, according to the the latest CoreLogic home value index report.

The Australian Petroleum Production and Exploration Association has announced Zoe Yujnovich as the new chair while Michael Abbott has been elected vice chair following the association’s annual meeting.

Mining contractor Macmahon Holdings has secured a $250 million open-pit mining contract for Dacian Gold’s Mount Morgans gold mine.

Perth-based gold explorer AIC Resources, chaired by Centamin founder Josef El-Raghy, got off to a solid start in trading today after raising $10 million in its initial public offering.

Difficult economic times in her homeland of Ireland shaped CEDA state director Paula Rogers’ view of work and the world.

The Australian share market is higher in early trade, helped by strong overnight gains on Wall Street and broad-based gains in the local market.

NW wind, sun to power Java

Perth watch brand Haigh & Hastings has been revived nearly a year after the business was placed in administration, with founder Matt Sears gaining backing from two investors who share his passion.

Listed property developer Mirvac Group has introduced a scheme to make apartments at its Latitude Leighton Beach development more affordable for first home buyers.

The Chamber of Commerce and Industry WA has criticised the state government’s crackdown on payroll tax exemption for employees earning more than $100,000 announced today.

The Australian share market has closed lower following the shock announcement of a royal commission into the finance industry, with banks and insurers hit by the news - Commonwealth Bank and ANZ recording the biggest falls.

Auditor general Colin Murphy’s latest report has found Tourism Western Australia is unlikely to meet its headline target of doubling WA tourism spend by 2020 amid calls from the industry for reform of the government's tourism body.

The Australian Competition and Consumer Commission has highlighted mining industry concerns regarding grinding media company Moly-Cop’s proposed acquisition of competitor Donhad in its statement of issues.