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Six of the 11 sectors finished in the green. Photo: NewsWire/ Gaye Gerard

MARKET WRAPPremiumMiners, energy stocks drag ASX

The Australian sharemarket has fallen despite a strong lead from Wall Street – with miners and energy stocks dragging the market.

Cameron Micallef

Perdaman chairman and managing director Vikas Rambal with the Yara plant behind him.

MiningPremiumWhy WA oil refinery plan is ‘a key national security need’

Perdaman chair Vikas Rambal says his company’s vision for another oil refinery that will “look after Australia” is essential should another major war break out.

Rebecca Le May

Bart Kolodziejczyk and Michael Masterman.

MiningPremiumFeds back in WA green iron potential with $26m for start-up

Element Zero’s ambitious plans to turn Australian iron ore into iron using renewable electricity have been given a massive cash boost.

Rebecca Le May

Austal shipyard in Mobile, Alabama.

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ManufacturingPremium
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Hanwha assembles ‘A-team’ to win fight for Austal USA

Austal boss Paddy Gregg says “there’s great momentum” behind South Korean company Hanwha’s bid to buy the shipbuilder’s American operations.

Matt Mckenzie & Daniel Newell

The Brownes facility in Balcatta.

RetailPremiumWA’s iconic dairy up for sale

The 140-year-old Brownes business has been put on the market by its new Chinese parent company as a wave of deals in the sector suggest there will be strong interest.

Rebecca Le May

Users of the two Orbea e-bikes have been warned to stop and check the identification number. NewsWire / John Gass

RECALLPremiumE-bike models recalled over ‘risk of death’

Two e-bike models have been recalled across Australia over fears a major fault could lead to death or serious injury.

Amy Jackson

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BREAKINGPremium‘Fearless’: Major call on Big Build inquiry

Victoria’s construction sector – long dogged by organised crime allegations – will face a royal commission just 100 days before the state election.

Blair Jackson

First hot metal poured at the Christmas Creek green iron plant

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exclusive
MiningPremium
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Green iron finally flows for Fortescue

Fortescue’s Christmas Creek green iron pilot plant is in production, kicking off what the mining giant hopes will become Australia’s next major export industry.

Adrian Rauso

Tania Archibald took the helm of BlueScope in February.

ManufacturingPremiumBlueScope’s FY profit surges, chief calls for housing action

The new boss of Australia’s biggest steelmaker has urged the Albanese Government to do more to ease the nation’s dire housing crisis.

Rebecca Le May

Austal ship building

opinion
opinion
ManufacturingPremium
opinion
Is Austal feelin’ the cool vibe of Trump’s favouritism?

Donald Trump may want Australian critical minerals, but there’s seemingly no place in the US for a company from a long trusted ally to help expand its navy.

Sean Smith

Penfolds is reducing its offerings from 70 brands to 30. Supplied

UPDATEDPremiumIconic winemaker posts eye-watering loss

Full-year profits of one of Australia’s iconic luxury wine brands have plummeted, but the result was not unexpected.

Blair Jackson

Perth firm Buildsmart WA, builder has lost its registration after the State Administrative Tribunal found they did not meet the financial requirements to continue trading. Supplied

BUSINESSPremiumHomes in limbo as builder’s licence axed

An Australian building firm stripped of its licence over a cash deficit of less than $5000 has vowed to appeal and complete all projects which remain in limbo.

David Hannant

Ukrainian soldiers release a reconnaissance drone in Sumy.

IPOsPremiumInnovaero to list with $7.5m from WA Government

The company’s prospectus reveals it has been awarded a $7.5m grant through WA’s Investment Attraction Fund to fund the design, construction and fit-out of its proposed new factory and headquarters in Jandakot.

Sean Smith

Anthony Albanese and NSW Premier Chris Minns have signed a bailout agreement for the Tomago aluminium smelter.

UPDATEDPremium‘National interest’: Reason for $2.5bn bailout

Anthony Albanese says a multibillion-dollar plan to save the country’s biggest aluminium smelter is about more than just jobs.

Nathan Schmidt, Joseph Olbrycht-Palmer, Blair Jackson

Austal chief executive Paddy Gregg in front of a company-made US Navy Littoral Combat Ship in Sydney.

opinion
opinion
ManufacturingPremium
opinion
The change of tactics likely to win over Austal

Chief executive Paddy Gregg says it’s tough even considering a sale to South Korea’s Hanwha, but money talks.

Sean Smith

A US Navy ship under construction in Mobile.

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Hanwha lobs $1.7b bid for Austal’s US shipyard

If the offer is successful, Austal would continue to trade on the ASX and retain its Australian shipbuilding operations based at Henderson.

Sean Smith

SGH chief executive Ryan Stokes in Sydney on Tuesday.

ManufacturingPremiumStokes and SGH eyeing takeover targets

SGH chief executive Ryan Stokes has a “genuine frustration” Australia does not have a greater focus on boosting productivity to rev up the economy.

Matt Mckenzie

Did nobody in Perth ponder the financing structure of this $95 million brick?

Herd on the TerracePremiumThe Bull’s not having a bar of it

A gold bar generated a selfie storm in Kalgoorlie this week but The Bull was a little more wary of Perth Mint’s latest $100 million side-quest.

Beach Energy’s Brett Woods.

Oil & GasPremiumData centre boom on Beach’s horizon

Australia’s data centre boom has attracted the attention of Beach Energy as boss Brett Woods hunts for ways to get more value from gas production.

Matt Mckenzie

The Baldivis home made partly from recycled tyres.

ConstructionPremiumTyre walls the wheel deal for energy savings

A house made partly from recycled tyres — an Australian first — could be the first step in a new form of thermally efficient and low-cost construction.

Kim Macdonald

Prime Minister Anthony Albanese and WA Premier Roger Cook travelled to Karratha to announce a jointly funded pre-feasibility study for a new oil refinery. PMO via NewsWire

UPDATEDPremium‘Getting fuel in bowsers’: PM’s big move

Anthony Albanese has announced plans to strengthen Australia’s oil supply amid ongoing turmoil in the Middle East.

Jackson Robb

Cochlear’s share price plunge was a big factor in AFIC’s weak profit rise.

MarketsPremiumHealthcare share plunge weighs on AFIC profit

The listed investment company reported a rise in net profit of just 3 per cent to $293.5 million as the value of its share portfolio grew only 0.9 per cent in the year to June 30.

Sean Smith

Cm3 software helps companies manage workplace risk.

Mergers and AcquisitionsPremiumWesfarmers strikes deal to sell software business Cm3

The business is being sold to British-based Achilles, a supply chain risk and performance management company that is itself owned by private equity giant Bridgepoint.

Sean Smith

The steel mill is being touted as an Australian first.

ManufacturingPremiumCollie green steel mill goes national with $40m expansion

Generation Steel is taking its proposed $850 million Collie green steel mill national, striking deals with three major industry players and adding a $40 million reinforcing steel facility in WA.

Ryan Johnson