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Coles has avoided a public review by the consumer watchdog by offering to divest its freehold interest in a development in Perth's southern suburbs so it can operate a new supermarket nearby in Lakelands.

Perth has been ranked Australia’s second most expensive city to live in, but it’s not Sydney where cost of living is higher among the nation’s capitals.

Sandalwood plantation operator TFS Corporation has reaffirmed its expectation of a net profit of at least $90 million for the 2014-15 financial year.

The Australian share market has opened higher.

Gold has fallen, as the US dollar strengthens and hopes for progress in the Greek crisis revive after the country told international creditors Athens could accept their bailout offer if some conditions were changed.

US stocks have gained, following European equities higher on hopes for a deal with Greece as US data showed private-sector hiring accelerated in June.

Oil prices have tumbled as traders weighed Greece's deepening debt crisis and a surprise increase in US crude-oil inventories.

The Australian dollar is weaker against the greenback, which has risen on bullish US jobs and factory data.

The financial year finished with sales recording their highest level in the June quarter, with this week’s total activity up 3% to 723, the highest since the pre-Easter surge of 876.

Construction is expected to start in coming weeks on the Fremantle Dockers’ new headquarters, with the City of Cockburn finalising an $83 million contract with construction giant Brookfield Multipl

Dull consumer spending growth and dramatically lower business investment are ahead for the state’s economy in 2015-16, according to the latest Chamber of Commerce and Industry WA Outlook,

More than $4.5 billion was pumped into the local economy by domestic tourists in the year to March, Tourism Council WA says.

A long-vacant plot at Albany's Middleton Beach has returned to market, with the state government seeking a developer for the former Esplanade Hotel development site it purchased late last year for $7 million.

One day after a reported 100 workers lost their jobs at the Ellendale diamond mine, Kimberley Diamonds has announced the mine has been closed and its subsidiary Kimberley Diamond Company placed in voluntary administration.

The Australian share market has closed 1 per cent higher as investors repositioned their portfolios on the first day of the new financial year.

A commitment to making things easier in education has been the key to success for this year’s Rising Stars winner. Click through to see more on SEQTA Software and the other winners of Business News' 2015 Rising Stars awards.

Perth median house prices remained largely flat in June, recording a 0.4 per cent fall, taking the yearly reduction to 0.9 per cent, according to market analysts CoreLogic RP Data.

Despite its Scandinavian inspiration, there’s no Swedish chef behind the Rising Stars startup category winner, Dinner Twist.

Perth Airport has made progress towards the development of the first of two hotels planned for the airport, putting out the call for an experienced operator.

The government of the Republic of Cameroon is planning to seek funding from China for the rail and port infrastructure at Sundance Resources' Mbalam-Nabeba iron ore project, allowing the Perth company to focus just on the mine development.

Bill Shorten seems intent on winning support of the Labor rank and file before taking on the government.

One out of every five Australian households now has solar energy installed, according to the latest Australian Bureau of Statistics data.

Roy Mellon has built his business on the premise that running payroll is one of the least favourite functions inside most businesses.

PDC BIM has found strong demand for its services in the space where information technology and construction collide, winning work at the Perth Children’s Hospital, the new Perth Stadium, Inpex Ichthys LNG, and for BHP Billiton’s iron ore mines.

The chairman of Western Australia’s Environmental Protection Authority, Paul Vogel, has announced that he will not serve another term in the role.

Integro Private Financial Consulting is a financial planning firm founded on the core principle of complete independence.

A management buy-out of a slice of executive search firm Gerard Daniels in 2007 led to the creation of recruitment consultant Harrier Human Capital.

Play equipment manufacturer Funky Monkey Bars has swung its way into the Rising Stars alumni after developing an innovative kids offering that gained market traction on the back of word-of-mouth brand promotion.

Marine services group TAMS Group has delivered on its potential to provide flexible options for customers in the marine services sector, winning its second Rising Stars award in two years.

International oil executive Michael Fischer has been named Nido Petroleum’s new managing director.

The mining arm of Cimic Group has won a $137 million operations contract at the Encuentro Oxides open pit copper mine in Chile, in partnership with local mining equipment supplier Emeco Holdings.

Woodside Petroleum has stuck with its planned timetable for the Browse gas project, announcing today it has reached agreement with its joint venture partners to commence front-end engineering and design ahead of a final investment decision by the end of 2016.