Nine looks set to take sole ownership of Macquarie Media, with an offer unveiled on Monday that values the 6PR, 2GB and 3AW talk radio owner at $275.4 million.
Oil prices rose more than $US1 a barrel on Friday, supported by a drop in European inventories and OPEC output cuts despite the International Energy Agency reporting demand growth at its lowest since the financial crisis of 2008.
Gold prices steadied on Friday, on course for their best week in over three years, as interest rate cut-inclined central banks, escalating US-China trade tensions and negative debt yields around the globe kept prices close to $US1,500 per ounce.
Trucking company CTI Logistics has foreshadowed a marginal profit for the latest half-year, saying weak economic conditions particularly in Western Australia had resulted in significant reductions in activity and increased margin pressure.
A buy-back scheme for Port Hedland property owners adversely affected by iron ore export-related dust is expected to be in place within the next six months, with the costs of the scheme to be borne by mining giants BHP, Fortescue Metals Group and Roy Hill Holdings.
Privately owned property group Canute Investments has launched a $140 million national asset sell-off, including a shopping centre in Perth’s northern suburbs, commercial properties in West Perth and Ellenbrook, and a large residential portfolio.
Burgess Rawson has renewed its contract with the Public Transport Authority of WA for property management services of its 500 leases, worth around $4.8 million.
PODCAST: Mark Beyer and Mark Pownall discuss markets volatility, trade surplus, HealthEngine, Michael Chaney, energy news, EY entrepreneur of the year awards, and our special report on the oil & gas industry.
PODCAST: Mark Beyer and Mark Pownall talk to business leader and company director Mark Barnaba about the economic outlook, the role of central banks and our relationship with China.
Perth’s largest insurance broker is preparing to consolidate its staff across two offices following a merger earlier this year, as one of its main competitors readies for a major transition.
Reserve Bank of Australia Governor Philip Lowe believes the nation's economy may have reached a "gentle turning point", paving the way for growth to pick up again next year.
Ronald Bower, the former sole principal of Perth-based Corser & Corser Lawyers, has been removed from the roll of legal practitioners, after the Supreme Court of Western Australia upheld the Legal Profession Complaints Committee’s decision.
EY has named Nick Tana as its Champion of Entrepreneurship at the 2019 Entrepreneur of the Year Western Region awards, while Jim Fitzgerald, Iris Smit and Daniel Morrison were among the seven other winners in Western Australia.
Oil jumped more than two per cent overnight on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in US-China trade tensions.
Gold edged down overnight as stock markets recovered, the US dollar strengthened and traders locked in profits after bullion surged past $US1,500 to a more than six-year high in the previous session.
Bunnings has signed a heads of agreement with M/Group, under which Bunnings will relocate from its existing Albany premises to over 14,000 square metres of new space located at MGroup's Chester Pass Mall in the coastal town.
AGL Energy is set to continue its rapid expansion into the WA market, after it struck a deal to purchase WA’s third-largest electricity retailer, Perth Energy, for up to $93 million.
Nearly 30 hectares of Black Cockatoo foraging habitat and three priority wetlands will be impacted by the Thornlie-Cockburn link rail project, according to environmental documents.
This year’s Homelessness Week brought together business, government and not-for-profits to figure out how to meet Australia’s affordable and social housing needs.
Canadian company Stantec has disclosed it paid C$135.8m ($147 million) for Perth-based Wood & Grieve Engineers, which it acquired in March, nearly 60 years after the Perth-based company was established.
The $2 billion carbon capture and storage facility at Chevron’s Gorgon LNG plant has entered operation, more than three years after first gas was shipped from Barrow Island.
