Home ownership and interest rates provide solid point-scoring opportunities for politicians, but the whole narrative is increasingly out of touch with the reality of many working families in Australia.
One part of the Dick Smith business has been snapped up by an entity affiliated with Harvey Norman, although employees will still need to wait for a liquidation process to receive overdue entitlements.
Chevron is the latest major resources player in the state to announce a change in leadership, after selecting a successor to current managing director (Australia) Roy Krzywosinski, who will hand over the reins in June.
Perth company director Sharon Warburton has been named as the incoming chair of a soon-to-be-established federal government fund that will have $5 billion to spend on infrastructure in northern Australia.
Perth-based Swick Mining Services has flagged a $3 million net loss for the financial year, as the company works to improve productivity to weather the tough times for mining contractors.
The worst might be over for many of the state’s mining services businesses, as they seek to bounce back from the effects of the slowdown in resources project development.
Developer and funds manager OpenCorp has predicted Perth’s residential property market to turn around in the next 12 to 24 months, with the Melbourne-based company aiming to increase its portfolio in Western Australia after the recent launch of two projects.
This week, Reiwa members reported an increase in weekly sales to 680. The rise in overall sales by 37 per cent over the week is attributed to a 34 per cent increase in sales for houses, 56 per cent for units and 37 per cent for land.
The estate of the late mining billionaire Michael Wright has been ordered to slash its submission appealing the $25 million awarded to his youngest daughter, with a judge saying it needs some serious editing.
Shipbuilder Austal has signed a $305 million contract to build and maintain Pacific Patrol Boats for the Australian government, however the contract’s price tag was smaller than what the Commonwealth had flagged.
Global equity markets have fallen for a second straight day on mostly weak economic data while metals prices slipped on renewed concerns of a downturn in global growth.
Gold has dropped one per cent, falling further from a 15-month high on pressure from the strong US dollar, which retreated from recent lows against the yen and euro as US trade and factory order data eased some worries.
Mine camp operators Compass Group and Sodexo, and an Adelaide-based print business that supplies Fortescue Metals Group were among the winners in the 2016 Supply Nation supplier diversity awards.
Small companies hoping to list on the stock market are facing tougher conditions, with more than a dozen announced deals in Western Australia hitting problems this year and the ASX foreshadowing tighter regulation of new deals.
West Perth-based developer Cedar Woods Properties has maintained its profit guidance for the current financial year, with strong performances on the east coast continuing to offset soft conditions in Western Australia.
Queensland MP Clive Palmer has announced that he won't recontest his lower house seat of Fairfax at the looming federal election, while Dio Wang has been confirmed to again hold the number one spot on Palmer United Party's Western Australian Senate ticket.
Fortescue Metals Group has taken its latest round of debt repayments to more than $US1.2 billion, with a $US650 million buy of its 2019 senior secured term loans.
Vehicle sales in Western Australia appear to be reaching the end of a long tumble, with April sales this year down just 0.1 per cent on the same month in 2015.
Energy giant Santos will hand at least 40 per cent of its underlying net profit back to shareholders as dividends despite a tough year due to falling oil prices.
