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Perdaman backs green iron project

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A green iron pilot plant under development in Western Australia would use Perdaman's hydrogen technology under a preliminary deal announced on Thursday.

Exploration spend tops $1b

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More than $1 billion was spent on exploration by locally listed miners seeking to deploy their healthy cash balances into project development and growth, BDO finds.

Bunnings lifts Wesfarmers' profit

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A decision to drop prices on thousands of goods in the wake of household cost of living pressures helped the owner of Bunnings, Kmart and Priceline achieve another multi-billion dollar earnings

Wall Street ends lower following hot inflation data

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Wall ‌Street's main indices have closed slightly lower after a US inflation reading came in hotter than expected, while many investors stuck to the sidelines ahead of AI bellwether Nvidia's earnings ‌later in the day.

Dividends back as MinRes returns to black

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Mineral Resources will pay its first dividend in two years after recording its strongest ever result off the back of a resurgent lithium market and a growing iron ore operation.

Morning Headlines

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Macquarie ditches KPMG's$1b contract

Share gains derailed by inflation surprise

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Australia's share market has handed back an early lead to end the session lower, after hotter-than-expected inflation figures raised the odds of incoming interest rate hikes.

City of Perth CEO’s return in limbo

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The City of Perth council has postponed its decision over the chief executive's return, adding tension to the governance of the local government.

Approvals Accelerator launched in WA

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Two lobbying and advisory companies have joined forces in Western Australia to create a new service called Approvals Accelerator which will target some of state's biggest projects.

At Close of Business podcast August 26 2026

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Jack McGinn speaks to Nadia Budihardjo about Business News' recent power and energy feature.

Albanese to legislate data centres despite state pushback

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Prime Minister Anthony Albanese will push ahead with sweeping federal data centre regulations following a meeting of National Cabinet in Sydney today, despite mounting pushback from some state governments.

WA debutant flags Bullsbrook industrial precinct

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The Victorian property company's recent $80 million purchase of 180 hectares of land in Bullsbrook brings the total price tag of major transactions in the northern suburb this year to around $190 million.

State govt appeals Yindjibarndi compo

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The state government is appealing a landmark Federal Court verdict compelling Fortescue to pay the Yindjibarndi people $150 million in compensation for damaging their country without consent.

PM sticks to his GST guns

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Prime Minister Anthony Albanese has emerged from Wednesday's meeting of the national cabinet and faced questions about his support for Western Australia's GST deal.

Momentum needed to further transition

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The emergence of gas-fired generation and a step-change for renewable projects are major developments in the state's energy transition.

No need for chest thumping over GST

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OPINION: The premier and treasurer play GST hardball, but the prime minister is already neutralised.

Sandfire net profit up 282pc

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Sandfire Resources shares reached a record high on Wednesday, following the release of its FY26 results.

Emissions not harming rock art

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Industrial emissions are likely not impacting rock art on the Burrup Peninsula, according to fresh data from a four-year survey.

Forrest’s $10.5m Cottesloe housing plan approved

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WA's richest man is one step closer to adding eight luxury apartments to his coastal property.

GDI revamps Perth CBD plan

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GDI Property Group has developed a new plan for its Mill Green precinct in the CBD, years after flagging a $1 billion vision for the complex.

Stronger earnings aid Paladin result

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Increased production and sales have played a key role in Paladin Energy reducing its net loss for FY26.

WA Euro chambers to join forces

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A new alliance of seven WA-European chambers of commerce will seek to grow investment, trade, business and government engagement with the Europe Union.

3 Oceans to build $65m apartment

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Developer 3 Oceans is set to build a 17-storey apartment complex in an inner Perth suburb, with the project estimated to cost $65 million.

Sale of Rottnest ferry service scrapped

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The planned $15 million sale of the SeaLink Rottnest ferry service to the owner of the competing Rottnest Express service has been cancelled after coming under ACCC scrutiny.

Inflation result puts rate rise on the table

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Despite headline inflation falling to 3.5 per cent - the lowest level since November - an above-expectations result adds to the case for more rate hikes.

Records across the board for Duratec

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Duratec boss Chris Oates has heralded a year of “solid operational performance” for the company, as several records fell in FY26.

Takeovers Panel call in Canyon saga

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A Canyon Resources shareholder who owns 0.1 per cent of its listed stock is challenging a bid by its major holder to acquire the African bauxite aspirant.

Banjo Bond’s Cosgrove expands industrial portfolio

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The property fund has purchased close to $60 million of industrial assets from Lester Group.

Lynas profit surges on record prices

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Lynas Rare Earths' profit has swelled to $222 million as the only heavy rare earths producer ex-China capitalises on market demand for the defence-critical commodity.

PC defended by Chalmers after premier's name-calling

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The Productivity Commission's Angela Jackson has described Premier Roger Cook's language in response to the review of the GST as “unacceptable” and federal treasurer Jim Chalmers has also defended the commission.

Ingenia inks deal to buy Peet

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The retirement village operator has agreed to buy 100 per cent of Peet's shares for close to $1 billion, following months of speculation about a sale.

Woolworths' profit lifts 18pc

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Australia's biggest supermarket chain has boosted its annual profit by 18 per cent, despite a challenging economic environment that has strained household budgets.