Latest Headlines

The energy sector fell but every other sector of the ASX gained ground as the local bourse shrugged off Tuesday's losses, climbing 1.6 per cent.

Crothers Construction has secured a $26 million contract to work on a proposed school development for 770 students.

The developer expects to unveil plans for the Ocean Village Shopping Centre site, formerly owned by a Pindan-connected entity, by the end of this year.

A proposed 18-storey apartment development in Scarborough has been knocked back, forcing applicant QS Developments to return to the drawing board.

Senex Energy’s $1 billion Atlas gas development has moved to the next stage of approvals as the company reconsiders expansion plans following major government intervention in gas markets.

Staff recruitment, digital transformation and cyber security were among Australian business executives’ main concerns for 2023.

National music and entertainment retailer Sanity will close all of its 50 stores across the country, including four in Western Australia.

Australian grain export giant CBH Group has hit new records for December after shipping more than 2 million tonnes of grain and transporting 1mt by train.

West Perth-based mining company Pantoro is negotiating with its joint venture partner Tulla Resources to acquire 100 per cent of the Norseman gold project.

The cost of two striking wine properties in the state has been revealed, with Brookland Valley Estate and a tucked away Gunyulgup vineyard property each fetching $6.5 million or more.

Homes have been inundated and residents evacuated as a record-breaking flood hits a remote town in WA's Kimberley region.

Austal on deck with US Navy for subs

Jordan Murray covers the latest from Hancock Prospecting's bid for Warrego Energy and fresh data from the Australian Bureau of Statistics and CoreLogic.

The developer is set to sign leasing deals to bring its timber tower at Westralia Square to over 50 per cent occupancy as the building nears completion.

Data from the national consumer watchdog shows Western Australians have lost more than $46 million to scams in 2022.

The local share market dropped 1.3 per cent, with every sector in the red and the big banks hitting three-month lows as sentiment soured.

The local share market dropped 1.3 per cent, with every sector in the red and the big banks hitting three-month lows as sentiment soured.

A dispute over a construction contract on the $338 million Coburn Mineral Sands Project has escalated to the Supreme Court of Western Australia.

Gina Rinehart’s Hancock Prospecting has lifted its stake in Perth Basin gas play Warrego Energy to 25.9 per cent as a stand-off looms with rival bidder Strike Energy.

Babylon Pump & Power is set to buy Western Australian pump provider RBH Engineering in a $3 million deal to be finalised by the end of the month.

Perth was the only Australian capital to show a lift in its home value index in December, with a $902 uptick in its median dwelling value.

Western Australia’s population grew by 1.3 per cent last financial year, continuing the modest improvement from the very low growth achieved when strict COVID restrictions applied.

Buru Energy executive chairman Eric Streitberg has started a non-executive role in the oil and gas company, with recently appointed chief executive Thomas Nador taking over some of his duties.

Treasurer Jim Chalmers says the government is closely monitoring the situation in China, where a wave of COVID-19 infections is sweeping through the country.

Rich Listers ride global resources bonanza

Hoyts has bought three venues from Grand Cinemas and administrators mulling options for two remaining venues weeks after the longstanding Perth business went under.

The latest headlines from Business News including the AusGroup sale, Clough negotiations and a new bar proposed for Northbridge.

Everyone at Business News would like to thank you for your support during 2022 and wish you a Merry Christmas and a safe and happy New Year.

The local share market has closed 0.6 per cent lower with nearly all sectors in the red, and lost a similar amount for the week.

New leadership is in store for the Pilbara Ports Authority after Ports Minister Rita Saffioti announced the appointment of a new chief executive.

The looming phase-out of the merino-dominated live sheep export trade may hit WA producers.

UPDATED: France’s Altrad Services has become one of the largest maintenance and construction contractors in WA after buying Perth-based AGC from its debt-laden parent AusGroup.