Latest Headlines

Ellison earns $4.7m, or is it $2.4m?

SPECIAL REPORT: There can be wide differences between the statutory pay reported by listed companies and the ‘take home’ pay of their senior executives.

Drop in million-dollar club

SPECIAL REPORT: There has been a notable reduction in the number of high-earning executives in WA, though some individuals do well year after year, research by Business News has found.

ASX surges in wake of China-US trade truce

Australian shares have surged at the start of the new trading week, with energy and materials stocks up by more than two per cent in the wake of a 90-day truce on tariffs between China and the US.

Wall St rises on US-China trade hopes

Wall Street has risen as investors hope for progress on trade in a critical US-China meeting over the weekend, and the S&P 500 and the Nasdaq posted their biggest weekly percentage gains in nearly seven years.

Gold dips as $US firms; Palladium rises

Gold fell as the dollar strengthened ahead of trade talks between the US and Chinese leaders at the G20 summit, while palladium prices crossed the $US1,200 per ounce mark for the first time.

Oil losses limited by hopes of output cut

Oil prices edged lower due to concerns of oversupply and a strong dollar but losses were limited by expectations that the Organisation of the Petroleum Exporting Countries and Russia would agree some form of production cut next week.

Morning Headlines

Fracking bans leave Forrest eyeing court

McNeilly named as Poynton's successor on Christ Church council

John Poynton will step down as chair of Christ Church Grammar School’s council in January, to be succeeded by property developer Matthew McNeilly.

Roobix acquires Titan Digital

Perth marketing agency Roobix has substantially expanded its customer base and staffing by acquiring the assets of Titan Digital for $3.5 million.

Scarborough site for sale

A 4,497 square metre multi-lot site in Scarborough has been placed on the market, raising the possibility for further high density residential development in the suburb.

Matrix shares rise on $15.3m contract win

Shares in Matrix Composites & Engineering have jumped 16 per cent today to trade at 43 cents each, after the Henderson-based oil and gas services company announced it had won a $15.3 million contract.

ASX deep in the red ahead of G20

The Australian share market suffered significant losses across the board, with consumer and banking stocks weighing the heaviest as world leaders descend on Argentina for critical trade discussions at the G20 summit.

Reiwa shows Perth house price uptick

Perth house prices have risen for the second straight month, according to new data from the Real Estate Institute of Western Australia, which released its monthly figures today ahead of market analyst CoreLogic.

Decmil in $65m BHP extension

Decmil has been awarded a $65 million contract extension with BHP Group for expansion works at the Mulla Mulla village in the Pilbara.

Cirrus wins $3m Woodside contract

Subiaco-based Cirrus Networks has won a $3 million cyber security contract with oil and gas giant Woodside Petroleum.

Mark my words podcast

PODCAST: Mark Pownall and Mark Beyer discuss the Rio Tinto expansion, fracking move, Rob Scott, Eastern Goldfields, Stan Perron and our special report on CEO salaries.

Adco, EMCO win $20m in contracts

Adco Constructions has secured a contract to complete expansion works at Bunbury Regional Prison, while EMCO Building will construct a new performing arts centre at Melville Senior High School.

EMC deal falls through for Carnegie

Carnegie Clean Energy has been forced to abandon plans to sell its battery storage and microgrid business, while chairman Terry Stinson has detailed the renewable energy outfit’s recent struggles in an address at today’s annual meeting.

Fracking decision opens opportunities

As the debate continues from the state government’s recent decision on fracking, it is worth considering some of the potential projects that may proceed.

Saracen back to the drawing board for Royal George plan

Saracen Properties will reassess plans for a redevelopment of the historic Royal George Hotel in East Fremantle, after Planning Minister Rita Saffioti backed a proposal to limit building height on the site to seven storeys.

Rocky Bay expands disability focus

Disability service provider Rocky Bay has navigated its second not-for-profit acquisition, as it makes the move towards extensive infrastructure redevelopment.

McCarthy quits The West

The editor of The West Australian, Brett McCarthy, has resigned with immediate effect, after nearly a decade at the helm of the state’s only major newspaper.

Consumer stocks, banks weigh early on ASX

The Australian share market has opened lower with Coles and Coca-Cola Amatil dragging consumer staples into the red, and the heavyweight mining and financial sectors also under water.

Morning Headlines

Palmer’s CITIC battle ‘endangers 3000 jobs’

Oil up as Russia leans towards output cut

Oil reversed course and rose as much as three per cent overnight after industry sources said Russia had accepted the need to cut production, together with OPEC ahead of its meeting next week.

Gold pares gains with rate hike imminent

Gold held steady but pared some gains as the dollar recovered and minutes from the US Federal Reserve's recent meeting showed an interest rate hike was imminent in December.

Norwest slumps on ASX debut

Shares in Norwest Minerals fell 10 per cent to close its first day of trading at 18 cents each, after the company raised $6.6 million via an initial public offering.

ASX holds gains thanks to miners and banks

The Australian share market burst out of the gates after a strong lead from Wall Street and held onto most of its gains by the close, buoyed by the banking sector and mining stocks on higher commodity prices.

RCR secures last-gasp funding

The administrators in charge of RCR Tomlinson have secured funding to support the engineering contractor’s operations, and disclosed that more than 180 parties have expressed interest in the planned sale of its business.