Despite profit-takers selling down on Tuesday, Wesfarmers is up nearly 30 per cent since hitting a year low of $71.26 on May 18 and has easily outperformed the S&P-ASX200’s 3 per cent gain.
Sean Smith
A dash of online trolling by Fortescue chief Dino Otranto may have given an inadvertent clue about the next big move at Andrew Forrest’s mining major. Plus: A facade fight rolls on.
BMW has recalled thousands of vehicles over a fire risk caused by a manufacturing defect in seven different models.
Emma Kirk
Fleetwood is paying $22 million for Bechtel’s 2169-bed Red Dog village, adding to the 1500 beds it already has in Karratha’s Searipple village and the Osprey camp in Port Hedland.
The new plant will produce gallium, a critical component for semiconductors, smart phones and electric vehicles.
Hundreds of Australians have been offered compensation after a Chinese carmaker sold the wrong vehicles to unsuspecting customers.
WA’s gas giants seem to be in no rush to lock in a multibillion-dollar asset swap announced nearly 18 months ago. Plus: Which wealthy West Aussie was snapped meeting Narendra Modi?
Lobbyists have repeated calls for WA to win an exemption under the proposed national gas reservation scheme, warning an oversupply would sink the State’s smaller producers.
Matt Mckenzie
NSW Premier Chris Minns has announced a plan to build the next generation of trains locally, replacing Sydney’s ageing Tangara fleet.
Cameron Micallef
The minister charged with overseeing Australia’s green industry push says he is “confident” a deal will be reached to save a struggling smelter.
Joseph Olbrycht-Palmer
As fuel prices are expected to jump this week, retailers have been put on notice that their conduct will be “closely examined”.
Blair Jackson and Joseph Olbrycht-Palmer
Amber-Jade Sanderson will head to Canberra seeking Federal Government cash for new industries in Collie as the clock ticks on the closure of coal power stations.
WorkSafe says AR Constructions (WA) Pty Ltd has pleaded guilty to failing to ensure the heath and safety of rigger Adrian Fariña Pacheco, who was killed at a Malaga construction site by a falling steel column.
A Perth think tank has urged governments to save cash from WA’s resources bonanza for future decades through a sovereign wealth fund — and avoid taking direct ownership of projects.
Woodside Energy has locked in a gas deal with manufacturer Alcoa until the end of the decade as the sector remains under hot scrutiny over local supply.
“My clients are steaming, and so am I, because I’ve lost a pile of dough,” Shaw and Partners adviser Tony Mitchell tells Fleetwood management.
The owner of the WesTrac Caterpillar franchise told investors the buyback “will not constrain SGH’s ability to continue investing in its businesses or to pursue inorganic growth at scale”.
Australia’s participation rate has stalled far behind its global peers, costing the national economy an insane $29bn a year.
Tia Clarkson-Pascoe
Manufacturers are bracing for weaker conditions in the coming months but Reserve Bank governor Michele Bullock warns demand has to slow to get inflation under control.
Cheyanne Enciso
American manufacturer Alcoa has declared its two remaining refineries in WA are ‘really challenged’ but ruled out the plants following the Kwinana refinery into closure ... for now.
Matt Mckenzie and Jacob Lorinc
Woodside Energy has signalled construction of a $1 billion hydrogen plant in Rockingham could start as soon as next year but the company has axed green power in favour of natural gas.
Australia’s only silicon smelter cut jobs and scaled back production just a year after being selected for a $40 million green energy grant from Federal taxpayers aimed at boosting employment.
Adrian Rauso
Being just the second chair who hasn’t worked at Wesfarmers makes the appointment of Ken MacKenzie rare enough to question whether he will stick to the succession script when it comes to the next CEO.
Leigh Cometti’s $50 million CTS Tyre Recycling facility in northern Perth wants mine operators banned from burying the huge off-the-road tyres used on haulage trucks.
