Latest Headlines

On today's episode of At Close of Business, senior journalist Claire Tyrrell comments on trends in Perth's commercial property market.

Rio Tinto will shell out its highest dividend ever after delivering a record $US21.1 billion ($A29bn) profit for 2021.

The $700 million Kwinana Waste to Energy plant being built by Acciona will not be ready until March 2023, as more details about the legal battle around the project come to light.

The City of Perth has backed the WA Housing Authority's plan to build a $34.5 million apartment tower on Wellington Street, but not everyone is as supportive.

Investors saw enough value in ASX stocks to lift the market despite uncertainty around how economic sanctions on Russia may affect global trade.

Nev Power has stepped down as chairman of Perth Airport and taken a leave of absence from Strike Energy and APM, ahead of his sentencing for breaching COVID travel rules.

Peel Mining is seeking to raise $23 million to advance its South Cobar copper project in NSW while making a number of board and management changes.

Updated: South African business WBHO has withdrawn financial support for its Australian entity, putting the parent of $4.7 billion construction giant Probuild into administration.

Annual wages grew 2.3 per cent as of the December quarter, the highest since mid-2019, but still lagged well behind the rate of inflation at 3.5 per cent.

Businesses are overcoming uncertainty to commit to Perth's office space, recent data suggests.

A well-funded startup in the US packed with scientific heavy-hitters is taking on the ageing process.

COVID WRAP: The number of COVID cases in WA has surged by 645 overnight, the state government releases its COVID modelling and the opposition demands guidance for GPs.

Woolworths has posted lower first-half profit while its boss warned prices will keep moving higher due to inflation.

The explorer-turned lithium producer delivered a maiden profit but downgraded its production forecast for the second time in two months.

Air circulation in classrooms is emerging as a wildcard issue ahead of the upcoming federal election.

China threat hits iron ore miners

WA contractors Monadelphous and Perenti both enjoyed improved revenues during the first half of the financial year, but labour and productivity constraints continue to hamper the sector.

Former Westpac head of consumer bank WA Allan Maitland has been recruited as the chief executive of PictureWealth's advisory business.

On today's episode of At Close of Business, senior editor Mark Beyer profiles WA's resurgent lithium industry.

Perth business Ardea Resources has secured funds through a share placement to continue exploring its Kalgoorlie nickel project.

Reinforced Earth plans to build a manufacturing hub on the four-hectare lot east of Northam.

Perth businessman and former Habitat 1 director Geoff Pritchard has been quizzed in court about the events that led to the company's collapse.

Oil fetched its highest price since 2014 and the Australian share market slumped as Russian troops entered Ukraine and raised the threat of war.

Goldminer Regis Resources has said it won't declare an interim dividend for the 2022 financial year after its first-half profit fell almost 70 per cent.

The City of Perth has offered free night time parking, free alfresco dining and $5,000 cash grants to support businesses as COVID-19 curbs visitor and worker activity in the CBD.

Alcoa of Australia and engineering contractor Monadelphous have been fined a total of $50,000 after two workers were exposed to asbestos at Alcoa's Pinjarra alumina refinery.

The opposition has demanded the state government deliver an ironclad guarantee the border reopening date won't change again, as the state's COVID cases continue to surge.

Political uncertainties and economic headwinds have kept investors in Lynas Rare Earths on their toes.

Shares in Carawine Resources rose 33 per cent following an all-cash takeover bid from Christopher Wallin-affiliated company QGold, which also took up a large stake in the explorer.

Harvest Road Group will take a leading role in the cattle industry reaching carbon neutrality by 2030, its chief executive Paul Slaughter says.

Coles has delivered a 2 per cent drop in profit as higher costs and lower convenience store sales hit half-year results.

WA house prices may escape a predicted slide due to several factors, include the state's acute labour shortage.