Latest Headlines

Perth-based mining services firm Ausdrill announced today that its subsidiary Energy Drilling Australia would be mobilising its new $20 million high-tech rig, the Schramm T500XD Telemast.

Power generator Pacific Energy has reported a 1 per cent fall in profit over the last financial year despite record earnings from its Kalgoorlie Power Systems and hydro-electric businesses.

Perth information technology company ASG Group has offloaded its flagship data centre about a year after putting it up for sale.

Shares in Amcom Telecommunications have fallen more than 5 per cent on the back of a significant decrease in profit growth for the 2013-14 financial year.

Perth-based Southern Cross Electrical Engineering has been awarded an electrical and instrumentation contract at CITIC Pacific Mining’s Sino Iron project at Cape Preston, worth over $10 million.

The local share market has opened lower despite a record profit from Australia's biggest bank.

Commonwealth Bank has posted a record $8.68 billion full-year cash profit, with gains across each of its core divisions.

The Australian dollar is slightly higher thanks to encouraging business figures.

Wall Street stocks have finished lower following disappointing German economic data and ahead of Wednesday's report on US retail sales.

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Oil prices have dropped with the main European benchmark contract sinking to a 13-month low after a prominent petroleum forecaster slashed the demand outlook for 2014 and 2015.

Hay Street’s Criterion Hotel has been bought by a private Singaporean property investment group for $16.5 million.

Modular and transportable building manufacturer Fleetwood Corporation has bought New South Wales-based aluminium tray and automotive accessories manufacturer Bocar in a deal worth $4.75 million.

Grain handler and marketer CBH Group has closed its Western Australian network after a male contractor died while carrying out maintenance work at Northampton.

The Australian share market has rallied as investors bank on a record annual result from Australia's largest bank on Wednesday.

The head of the Economic Regulation Authority Lyndon Rowe has been appointed full-time chairman of Synergy.

Perth-based explorer NSL Consolidated has announced it has received $2.5 million from financer Effectivo, which will in turn receive 25 million of the company's shares.

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Business confidence is at its highest level in almost four years, but it is uncertain whether the improvement will last.

Subiaco-based gold and metal base explorer Ironbark Zinc has announced a $2.5 million capital raising for permitting and pre-development works at its Citronen zinc project in Greenland.

Shares in junior oil and gas explorer Neon Energy have surged over 70 per cent on the news that the company had agreed to pay $US5.75 million to its Vietnamese joint venture partners, settling financial liabilities.

Controversy has erupted over The National Trust’s decision to end not-for-profit group Fly By Night’s lease of the Artillery Drill Hall in Fremantle.

The Australian Bureau of Statistics has said capital city house prices continue to rise, boosted by a strong Sydney housing market.

The state government has streamlined the planning approvals process, rolling out consistent regulations across local governments, introducing online application systems, and removing the requirement for single homes that meet R-Code regulations to have to go through the planning approvals process.

Hundreds of thousands of Australians could share in the nation's biggest class action, which has been launched against a number of banks over late payment fees.

Origin Energy has completed its acquisition of Karoon Gas’s 40 per cent interest in its Browse Basin permits, which include the Poseidon gas discovery.

A coalition of state and national environmental groups have raised concerns about water contamination and other impacts on Western Australia’s largest national park.

Finbar is planning a 30-storey residential tower at the Civic Triangle site in South Perth, flagging a $300 million proposal today after completing the acquisition of the property in a transaction initially announced last month.

Online travel group Wotif.com has suffered a 15 per cent slide in its full year profit amid increasing costs and a fall in a accommodation bookings.

Woolworths' home improvement business has hit troubled waters, with the retailer warning of a blowout in losses.

Telstra is taking a controlling stake in US video streaming and analytics platform Ooyala as it looks to expand beyond its traditional telecommunications business.

The Australian share market has opened higher.