News Articles for PwC

The government of East Timor has struck a deal to buy a 30 per cent stake in the Woodside Petroleum-operated Sunrise gas project, as it continues pressing for development of an LNG plant on its own territory.

SPECIAL REPORT: Accounting firms in WA, from mid-tier players to the 'big four', are positioning to benefit from stronger economic and commercial activity.

SPECIAL REPORT: Business News has been tracking changes among WA's accounting firms for 25 years, including seminal events like the collapse of Andersen and the break-up of the old PKF practice.

SPECIAL REPORT: Gender equity is a key goal for major accounting firms but their track record is varied, especially in WA.

Opinion: Riding on a bus in Sydney almost two decades ago, my mother was worried we'd be homeless if the country went into a recession, as many were suggesting could happen after the Howard government introduced the GST.

Suzanne Dodds puts much of her entrepreneurial success down to dogged persistence and an ability to remain focused when the pressure is on.

PwC Australia has completed a deal to acquire key partners and staff from PPB Advisory, bolstering the firm's corporate restructuring and deals business, as well as partners and staff from Litmus G

The long road to an ASX listing for Nicheliving Holdings continues, after the property developer released its fourth supplementary prospectus this week, including details of its new 'big 4' auditor and a new director, and foreshadowing the release of a third replacement prospectus that will not have financial forecasts.

Perth investor Andrew Hopkins' planned $508 million buyout of national panel beating business AMA Group has been cancelled after the group failed to get an expected ruling from the Australian Taxation Office.

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.

Local contractor SRG today announced the purchase of New Zealand-based TBS Group for $NZ35 million ($32.9 million), with a $24 million capital raising being used to part-fund the acquisition.

Scitech has partnered with Shell in an effort to promote science, technology, engineering, and maths (Stem) related subjects to high school students.

Three local junior explorers have raised more than $21 million, with Draig Resources and Triton Minerals boosting their coffers while the Charlie Bass-led Eagle Mountain Mining has commenced trading on the ASX after raising $8 million via an initial public offering.

EY has named Fiona Drummond as its next managing partner in Western Australia, making it the second of the big four accounting firms to have a female heading its Perth office, and only the sixth out of 86 accounting firms listed on the BNiQ Search Engine.

SPECIAL REPORT: Four years after exiting the iron ore sector near the top of the boom, Charlie Bass has teamed up with a pair of experienced company directors for a new mining float.

Grant Thornton has appointed Matthew Hingeley head, audit and assurance.

Company director and business adviser David Humann, whose roles included chairing nickel miner Mincor Resources and contractor Macmahon Holdings and being a member of the global board of accounting firm Price Waterhouse (now PwC), has passed away after a short illness.

Western Australia's three largest dairy producers are now under foreign ownership, after Brownes was sold to a consortium of investors that includes Chinese dairy operator Shanghai Ground Food.

Henderson-based shipbuilder Civmec has announced plans to list on the ASX, with details of its entry yet to be determined.

PwC has appointed Michelle Tremain as the next managing partner, Perth. She will replace Justin Carroll in the role from the beginning of next year.

There are plenty of people who want success for the local startup scene, but fewer seem willing to commit to fund it.

Former Grant Thornton partner Matthew Donnelly and former Perth Airport executive Fiona Lander have brought to seven the number of external recruits to join Deloitte's Perth partnership in the past five months, offsetting moves by other partners such as Jenn Morris, who has retired from the firm.

Mike Nahan says recycling of capital invested in Western Power will be key to job creation and economic growth in Western Australia's transitioning economy.

Local waste management company Tox Free Solutions has entered into an agreement to buy medical waste solutions business Daniels in a cash, scrip and debt deal worth $186 million.

Professional services firm Deloitte has bolstered its energy and resources practice in Western Australia with two new appointments.

The Perth Games Festival features cutting edge virtual and augmented reality offerings for a growing and enthusiastic sector.

Two reports last week took quite different approaches to welfare reform, but both were a move away from the approach undertaken in the 2014 budget.

Shares in Southern Cross Electrical Engineering surged on news the company has entered into an agreement to buy a local telecommunications contractor in a deal worth up to $17.2 million.

Western Power advised its staff yesterday that an estimated 215 roles are no longer needed as the utility continues a three-year program that has already cut more than 300 jobs.

SPECIAL REPORT: Tox Free Solutions has completed nearly 20 takeovers on its way to becoming a national player in the waste management sector.

The Kailis family has folded its Kailis Bros seafood business into a larger, newly-capitalised venture called KB Foods that will be 90 per cent owned by Hong Kong-listed conglomerate Legend Holdings. Click through to see the multiple WA businesses owned by members of the Kailis family in WA.

Felicity Gooding has been appointed as a non-executive director on the board of Impact Minerals. Ms Gooding is the chief operating officer and chief financial officer of the Minderoo Group.

SPECIAL REPORT: How does a tech startup in Northbridge backed by a mining consultancy in West Perth manage to secure work on the world's largest privately funded infrastructure project, in Nicaragua? Business News profiles how CSA Global, Lycopodium, OTOC and PwC have chased diversification strategies.

Murdoch University is seeking to capitalise on WA's growing health industry with a new course aimed at creating better management and leaders.

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The slowing economy has hit smaller accounting firms harder than the big players, judging by revenue data released over the past month, with practices in Western Australia affected more than those in other states.

Accounting firm KPMG has followed rivals EY and PwC into the real estate arena, setting up a property advisory division to service its existing clients and provide advice to other corporates and go

Cameron Edwards has joined PwC's infrastructure practice as a director, having spent four years with Westralia Infrastructure as managing director.

With the takeovers of iiNet and Amcom Telecommunications heading into the final stretch, the investment bankers and other advisers that worked on these deals will be looking forward to a very handy pay day of more than $40 million.

KPMG has acquired West Perth accounting and advisory practice Hayes Knight (WA), saying this will be the first of a series of acquisitions to bolster its private client practice nationally.