News Articles for Kerry Stokes

Our updated listing of the 50 most influential Western Australians in business and politics highlights four individuals who stand apart from the rest.

Facebook has struck a preliminary news sharing agreement with Seven West Media, just hours after the federal government agreed to further amend its mandatory media bargaining code.

Seven West Media has today become the largest Australian news organisation to strike a content sharing agreement with Google, while also announcing a profit recovery.

The state government has disclosed that nearly all gas from the onshore Waitsia project will be exported, at least for the initial six years of production.

The updated WA ‘rich list' shows the state's iron ore magnates are moving far ahead of people who made their money in other industries.

The Northern Australia Infrastructure Facility (NAIF) has approved a $450 million loan facility for BCI Minerals' Mardie Salt & Potash project.

Defence Minister Linda Reynolds has backed her department's handling of the Afghanistan inquiry while arguing its findings did not represent most of those serving in Australia's armed forces.

Media power has become too concentrated in WA and could be leveraged for commercial interests, former Liberal leader Mike Nahan warned in his valedictory speech on Tuesday.

Nine Entertainment and Seven West Media have stepped up their calls for the federal government to regulate social media giants Facebook and Google.

Mining magnate Gina Rinehart has become Australia's richest person after her net worth jumped 109 per cent to nearly $29 billion.

Mining magnate Gina Rinehart has become Australia's richest person after her net worth jumped 109 per cent to nearly $29 billion.

With property groups increasingly understanding the potential of heritage assets, Business News explores some of the state's prominent heritage redevelopments and those in the pipeline.

Kerry Stokes-backed BCI Minerals has announced an underwritten entitlement offer to fund early construction works on its $780 million Mardie salt and potash project.

Controversy and celebrity loom large in what is set to be one of the most consequential elections in the City of Perth's history.

Billionaires Andrew Forrest and Kerry Stokes will combine their resources and expertise to redevelop the historic East Perth Power Station, after the state government unveiled Minderoo Group and Australian Capital Equity as its preferred redevelopment partners.

SPECIAL REPORT: The Perth Basin could be in for a transformational year.

This year's Most Influential feature has been narrowed down to the 50 people in WA making the biggest impact in business and politics.

The late Eric Lumsden, Jahna Cedar and Christine Simpson Stokes are among 76 prominent Western Australians to be awarded Australia Day honours this year.

Seven West Media has announced an agreement to acquire regional TV broadcaster Prime Media, while the Kerry Stokes-chaired company will also divest its radio assets in Western Australia to Southern Cross Austereo.

A developer will be appointed to revitalise the East Perth Power Station early next year, after the state government asked its shortlist of proponents to submit detailed plans for the riverside precinct.

Pioneer Credit could be in breach of its loan covenants, after it said a change in the accounting treatment of its consumer debt portfolios would likely result in a dent to its underlying earnings.

Seven West Media aims to wring every drop of value from its traditional media assets after reporting a $444.5 million full-year loss and flagging another fall in earnings for the year ahead.

Tim Worner's six years as Seven West Media chief executive have come to an abrupt end, with chairman Kerry Stokes saying "now is the time for change".

Seven West Media has been booted from the S&P/ASX 200 Index, while local shipbuilder Austal will join the benchmark, following the quarterly rebalancing of the Australian share market indices.

A small number of ASX-listed Perth companies are following the example of Rupert Murdoch and Kerry Stokes, with second-generation family members taking over.

UPDATED: Gina Rinehart, Andrew Forrest, Kerry Stokes, Bianca Rinehart and Angela Bennett are the wealthiest people in Western Australia, according to a new rich list.

The editor of The West Australian, Brett McCarthy, has resigned with immediate effect, after nearly a decade at the helm of the state's only major newspaper.

Andrew Forrest has made a $23 million share purchase in Fortescue Metals Group, confirming his position at the top of Business News' director shareholdings list.

SPECIAL REPORT: Asset sales and M&A action were the highlights of a busy year for WA's wealthiest.

ANNIVERSARY SPECIAL: From those who risked their own capital to the corporate cowboys of WA Inc and the ‘hired help' of today, WA's corporate story features many powerful personalities. This article is part of a special series to mark Business News' 25-year anniversary.

A strong run over the past month from listed companies Mineral Resources, Woodside Petroleum and Seven Group Holdings has helped push Business News' index of 30 local stocks to a record high this week.

Kerry Stokes looks set to accept a takeover offer for one of his agribusiness investments after private equity groups launched a friendly takeover bid for Australia's biggest honey producer, ASX-listed Capilano Honey.

Iron ore maganates Gina Rinehart and Andrew Forrest remain in the top 10 of the nation's wealthiest people, according to the 2018 AFR Rich List, which included 20 Western Australians out of 200 people listed this year.

Nine months after leaving advertising agency Marketforce to run the Western Australian operations of Kerry Stokes' Seven West Media, which publishes The West Australian, John Driscoll has

SPECIAL REPORT: Our annual analysis of the state's movers and shakers shows that sometimes the best examples of influence are demonstrated not by what change an influencer starts, but rather what they can stop.

Gina Rinehart's four children have joined their mining mogul mother among the world's richest people, with nine Western Australians included in Forbes' latest world billionaire rankings.

A couple of good years for Kerry Stokes and his Seven Group could be an indicator of the WA economy's return to health.

Altura Mining directors Allan Buckler and Paul Mantell and AusCann Holdings directors Mal Washer and Harry Karelis have been among a group of major Western Australian investors to have the value of their portfolios hit as markets have fluctuated in recent weeks.

Fortescue Metals Group founder and chair Andrew Forrest has seen his stake in the miner increase $249 million in value over the past four weeks, according to data on directors' shareholdings tracked by Business News.

SPECIAL REPORT: The five WA people with the largest holdings in listed companies have earned around $1.5 billion in dividends in the past five years, with Andrew Forrest and Kerry Stokes leading the way. Click through for our list of 50 directors and investors with holdings worth more than $11 billion between them.