Latest Headlines

Founder and managing director of Perth-based online property portal rent.com.au Mark Woschnak has announced his immediate resignation from the business.

SPECIAL REPORT: WA’s regulatory system is at the top of the hit list for onshore oil and gas juniors seeking to drill tenements in the state. 

Minerals explorer TNG has reignited plans to form a spin-out company by demerging its base metals portfolio through a subsidiary and floating it on the ASX.

Struggling supermarket giant Woolworths is slashing 500 jobs and will incur a charge of $959 million in its full year results as it continues restructuring its operations.

Perth geologist Scott Halley has come up with an innovative and highly effective way to combine professional development for his peers with fundraising for prostate cancer.

The Australian share market has opened higher.

Oil prices have settled lower, losing four per cent on the week, after the fourth weekly rise in the US oil rig count added to worries about a global crude glut.

Gold prices have fallen, reflecting tension between a global backdrop of easier interest rates and the chance of US monetary policy being tightened before the end of the year.

Sweeping overhaul for welfare

In this Business News podcast Mark Pownall and Mark Beyer discuss BHP’s fifo move, Raine Square, CBD leasing, residential housing markets and onshore oil and gas.

Six listed resources companies operating in commodities as diverse as gold, lithium and iron ore have announced a collective $36.9m in capital raisings today.

The share market has ended the week with a slight fall as investors took profits from a run of 10 positive sessions out of 11.

Pilbara accommodation businesses run by one-time trucking boss Craig Mitchell and the Collinson family are set to be the winners from BHP Billiton’s surprise decision to close Kurra Village in Newman, which at its peak houses up to 1,600 fly-in, fly-out  workers

The owners of third-ranked mobile player Vodafone say they are committed to the Australian market amid mounting speculation that telco provider TPG Telecom could make a play for the group.

Commercial landlords in West Perth are coming under increasing pressure to retain tenants, as the near-city suburb’s office vacancy rate hits all-time highs.

National Australia Bank is overhauling its business structure, folding parts of its wealth management unit into personal banking and separating its business banking into two units, with former Perth executive Cathryn Carver one of the winners.

Peter McBain has stepped down as chief executive of mining and civil contractor Brierty after a series of financial and operational setbacks, and will be replaced by the company’s chief operating officer.

Gold production and cash costs have both outperformed financial year guidance for Regis Resources, with shares in the company enjoying solid gains today.

Gold and copper producer Oz Minerals says it is on track to achieve its full-year production guidance, despite an unscheduled plant closure and bad weather during the June quarter.

Energy giant Santos has reaffirmed its full-year production and sales guidance after posting an eight per cent rise in quarterly production and a 25 per cent jump in sales volume.

The Australian share market has opened lower after Wall Street eased overnight on disappointing company earning results and the European Central Bank's decision to hold fire on stimulus.

Gold has rebounded above a three-week low and has risen per cent, as the US dollar fell and the key stock indexes hovered below record highs after the European Central Bank left key interest rates unchanged.

Nats win as BHP dumps camp

Wall Street has cooled off as disappointing quarterly reports from tech stalwart Intel and from transportation companies stalled momentum in a US corporate earnings season that has been better than feared.

The Australian dollar has recouped some losses as the greenback slides.

Gina Rinehart’s family company, Hancock Prospecting, has announced the purchase of two cattle stations in northern Australia, continuing the investment in agriculture by magnates such as Andrew For

Laing O’Rourke had a pyrrhic victory in the Court of Appeal today, when it managed to overturn a previous adverse ruling but it appears the construction contractor still won't be getting the $45 million it was awarded by an adjudicator in 2015.

The share market has hit a fresh 11 month high, with healthcare, energy and financial stocks the main areas of strength.

Roger Federer is set to compete at the 2017 Hopman Cup, marking the tennis legend’s first appearance in Perth for 15 years.  

Indian sandalwood producer TFS Corporation has refinanced $US200 million of debt through a note issue overnight in the US, while also raising extra funds for working capital.

The competition watchdog has waved through a $9 billion takeover of rail and ports giant Asciano, and approved Metcash's bid for Woolworths' Home Timber and Hardware business.

Debt-laden uranium miner Paladin Energy has struck agreements to sell an interest in two of its projects, with total proceeds expected to be $US205 million ($A275 million).