Home
Search
thewest.com.au‌‌

Business

BHP recorded staggering results in their financial year report. Supplied

MARKET WRAPPremiumASX slips despite shock sectors soaring

The Australian sharemarket has fallen for five straight sessions, despite a healthcare surge and strong results from BHP lifting the broader market.

Jackson Robb

Virgin will join Commonwealth Bank’s Yello program, which Qantas is already part of, after reportedly offering more attractive value for its Velocity points than Qantas did for its Frequent Flyer points.

BankingPremiumCBA casts Virgin points lure as RBA halts card fee bonanza

Australia’s largest retail bank has unveiled a new loyalty program tie-up with Virgin in an apparent slight to Qantas, and also expanded points accumulation beyond credit cards.

Rebecca Le May

Herd on the TerracePremiumGood sports at the top of Westpac and Wesfarmers

There’s surprisingly much in common between Wesfarmers boss Rob Scott and Westpac’s Anthony Miller. 

Australia's watchdog is targeting dodgy online sellers under beefed up consumer regulations. (Stephanie Flack/AAP PHOTOS)

BusinessPremiumConsumer watchdog bares teeth at dodgy digital sellers

Firms are competing in a "race to the bottom" with dodgy online sales tactics manipulating choices and obscuring information, the consumer watchdog warns.

Abe Maddison

Strong performances from BHP and healthcare stocks acted as ballast against broader market losses. (Paul Braven/AAP PHOTOS)

BusinessPremiumEarnings wrap: Mixed big name fortunes dominate flat market

Outsized gains from some of Australia’s biggest names dominated Tuesday’s reporting season, even as the local market struggled for direction and ended the session slightly lower.

Ryan Johnson

Not Supplied

UPDATEDPremiumFamily’s horror find in slice of bread

A mother has been left “horrified” after her seven-year-old daughter made a shocking discovery in a slice of supermarket bread.

David Hannant

Data centres are driving an investment boom.

BusinessPremiumWhy data centre boom won’t help Aussie productivity yet

The value of Australia’s data centre projects has quadrupled in just a year, but there’s a big reason why productivity won’t improve soon.

Stephen Johnson

Westpac boss Anthony Miller spoke at a Tasman Business Circle breakfast. Michael Wilson

EconomicsPremiumWestpac boss confident Aussie housing will withstand hit

Westpac boss Anthony Miller is confident Australia’s property market will withstand interest rate hikes and a tax shake-up but says the country must build more homes to improve affordability.

Matt Mckenzie & Ryan Johnson

BHP’s Escondida copper mine in Chile

analysis
analysis
MiningPremium
analysis
Risks loom large as BHP chases global copper boom

Copper has overtaken iron ore as BHP’s biggest moneymaker but chasing more of the vaunted red metal could come with big headaches for the Big Australian.

Adrian Rauso

Bendigo Bank has been asked to spend $70m fixing its “non-financial risks”. NewsWire / Christian Gilles

FINANCEPremiumBank slugged $70m to fix ‘serious’ risks

Australia’s prudential regulator has tightened its grip on an Aussie bank, imposing licence conditions over failures, including money laundering issues.

Cameron Micallef

Drill rigs operating at the Katanning gold project, Badgebup.

Gold miningPremiumCanada’s OceanaGold in $776m deal with Ausgold

The development of the Katanning gold project in the Great Southern will likely take place under a new company, with Canada’s OceanaGold Corporation and WA’s Ausgold announcing a $776 million tie-up.

Neil Watkinson

Not Supplied

BUSINESSPremiumCelebrity Aussie eyewear brand collapses

A celebrity-endorsed eyewear brand worn by the likes of Chris Hemsworth, Margot Robbie and Kanye West has collapsed into liquidation, triggering a fire sale.

Amy Jackson

David Boshoff, BCI Minerals managing director, with pumps at the Mardie Project in Karratha.

BusinessPremiumBCI pilot eyes WA production of key fertiliser ingredient

BCI Minerals will test whether bitterns from its $1.4b Mardie salt project can be converted into sulphate of potash, in a lower-risk attempt to revive WA’s maligned potash ambitions.

Ryan Johnson

Conceptual image of the underground portal arrangement envisaged for Critica Limited’s Mt Lindsay development in northwest Tasmania.

Critica plots underground future for Tasmanian tungsten giant

Critica Limited is redesigning its giant Mt Lindsay tin-tungsten project in Tasmania, shifting to a smarter underground concept to unlock value, just as prices for the strategic metals are running hot.

Penny Taylor

Sponsored
Chariot Resources Fonlo open pit, showing a composite vertical dyke across the 40m-wide pit, with branching pegmatite dykes.

Chariot lines up China-backed Nigerian lithium offtake deal

Chariot Resources surged after signing a term sheet with a subsidiary of Chinese giant Xiamen C&D and others for a partner-funded drilling, trial-mining and offtake program at its Nigerian lithium portfolio.

Doug Bright

Sponsored
WA Liberal Leader Basil Zempilas.

State PoliticsVideoPremium‘I could be Eagles coach’: Basil’s cheeky Taylor sledge

Basil Zempilas has jokingly compared the chances of Angus Taylor becoming prime minister to his own unlikely prospects of becoming an AFL coach, during debate over whether WA’s GST deal is in danger.

Oliver Lane

Commonwealth Bank’s group executive for business banking Mike Vacy-Lyle poses for a photo on Jully 11, 2022.

BankingPremium‘Best performing State’: Why CBA is bullish on WA business

WA businesses are still borrowing billions to expand despite higher interest rates, with Commonwealth Bank declaring it the best-performing state in its business lending division over the financial year. 

Ryan Johnson

The adult patient segment is “still too dependent on non-medical referral channels and patient self-navigation”, Cochlear says.

HealthPremiumCochlear hits earnings guidance after two downgrades

The hearing implant pioneer has relieved investors with a full-year earnings result at the upper end of its revised guidance, saying adoption of its new high-tech product has been strong.

Rebecca Le May

There are warnings the nation's power grid is vulnerable to fast-evolving AI-powered attacks. (Diego Fedele/AAP PHOTOS)

EnergyPremiumAI powers growing threat to Australia's energy networks

Artificial intelligence is fuelling a surge in sophisticated online attacks and Australia's energy system could be a future target.

Jennifer Dudley-Nicholson

Cochlear has grown into a global business on the back of its pioneering implant to improve hearing. (Dan Peled/AAP PHOTOS)

BusinessPremiumHearing loss and dementia link can drive implant growth

Australian hearing implant company Cochlear has suffered a fall in annual earnings but is positive about the future uptake of its pioneering technology.

Kaaren Morrissey

Laboratory technicians clean equipment at CSL’s headquarters in Melbourne.

HealthPremiumCSL shares jump as restructuring pain impresses investors

Australia’s largest healthcare company has booked a massive full-year net loss after a major overhaul, but investors are applauding the restructure, sending its share price soaring.

Rebecca Le May

Donald Trump deregulation drive will exacerbate the next financial crisis.

The EconomistTrump’s deregulatory drive will cause a new financial crisis

THE ECONOMIST: This time won’t be different — except that institutions will be less well placed to limit the damage, reckons Martin Gruenberg.

Martin Gruenberg

Strong performances from BHP and healthcare stocks acted as ballast against broader market losses. (Paul Braven/AAP PHOTOS)

BusinessPremiumAussie shares flat as health stocks, BHP limit losses

Earnings season continues to drive local stock volatility, after company results drove buying in BHP and the beaten-down healthcare sector.

Adrian Black

Treasurer Jim Chalmers has stated rents will only rise $2 a week in response to Budget changes.

Federal PoliticsChalmers insists on $2 a week rent rise despite dire warning

The Treasurer insists mid-point rents will only increase by $2 a week despite NAB warning of a 30 per cent increase over two years.

Stephen Johnson