Mark My Words November 1 2024
Mark Beyer and Mark Pownall discuss Hancock and MinRes' $1.1bn gas deal; Hancock and Wright Prospecting financials; the lithium industry; Perth house prices; ABN Group; and more.
Wright Prospecting posts $277m profit
Perth company Wright Prospecting has reported another massive profit as its low-key owners reap the benefits of an iron ore royalties deal negotiated more than 50 years ago.
Lease agreement impacts Softball WA
Softball WA chief executive Rick Wolters says the governing body could be seriously impacted by the City of Stirling's move to sign a lease agreement with A-League club, Perth Glory.
Navitas criticises student cap policies
International education group Navitas has reported an increase in revenue but blamed restrictive policies in Canada and Australia for stifling the growth.
Price for Bunbury Farmers Market revealed
Hancock Prospecting has disclosed how much it stumped up to buy a majority stake in the Bunbury Farmers Market.
Creasy’s private company doubles profit
Renowned prospector Mark Creasy’s private investment vehicle more than doubled its full year profit, aided by the sale of its lucrative stake in Azure Minerals.
No time for diminished women
OPINION: It is better to lead as your authentic self than adopt a disingenuous persona.
Battery aspirant seeks Collie jolt
Auzvolt has its sights set on Collie as it seeks to buck the global trend and deliver a viable business outside China.
Fremantle distillery in administration
Republic of Fremantle has called in administrators to restructure the urban distillery and bar business, after grappling with pandemic-induced delays and industry challenges.
O’Neill newest BCA board member
Business Council of Australia has announced Woodside chief executive Meg O'Neill as the newest addition to its board, joining Wesfarmers managing director and chief Rob Scott.
Howard visits WA in Bullwinkel push
Former Prime Minister John Howard called Anthony Albanese "out of his depth" during his visit to Bullwinkel in hopes the Liberal party secure the critical seat.
Ironbark taps investors for $10m
Subiaco-based junior Ironbark Zinc has appointed former Nordgold boss Nikolai Zelenski as its executive-chair elect, along with announcing plans to raise $10 million.
Perth’s home values continue rise
The median house price has climbed to more than $800,000 for the first time in history, CoreLogic data shows.
Soaring AI costs impact US stocks
Major US stock indexes closed lower overnight after both Microsoft and Meta Platforms highlighted growing artificial intelligence costs that could hit their earnings.
Argonaut lifts revenue, dividends
Argonaut lifted its full year operating profit to $5.7 million after taking a lead role on 18 equity capital markets deals, headlined by De Grey Mining’s mammoth $600 million raise.
Chaney defends contributions of big companies
Profit is not a dirty word, says Wesfarmers chairman Michael Chaney, who also called for more kudos from political leaders for the economic contributions of big companies.
At Close of Business podcast October 31 2024
Mark Pownall and Nadia Budihardjo discuss small business restructuring in WA.
Vale Alan Robson
Former University of Western Australia Vice-Chancellor Alan Robson died yesterday at the age of 79.
Bumper profit for Hancock Prospecting
Gina Rinehart’s Hancock Prospecting has netted a bumper $5.57 billion profit after recording one of the highest revenues in the company’s history.
Sage frustration at European Lithium
Tony Sage expressed frustration at the accounting rules valuing European Lithium's billion dollar stake in US-listed Critical Metals Corp, as the ASX minnow deals with a cash challenge.
Xplorate marks milestone remote operation
A Perth company has completed a world-first remote pipeline inspection which it says will revolutionise the way the oil and gas industry approach asset maintenance.
Local shares down to round out worst month since April
The ASX200 has finished Thursday down 0.3 per cent to record its biggest monthly drop since April, with supermarkets Woolworths and Coles leading the fall.
Accountability at core of election intrigue
Five months out from the state election, it is worth taking stock of what the Labor government has – and has not – done well.
Greenbushes chemical plant cost hike
The cost of building the third chemical grade processing plant designed to lift production capacity from the Greenbushes lithium mine has again blown out to $880 million.
China’s slide gives investors the vapors
OPINION: Uncertainty about China’s economy is prompting comparisons with Japan’s stagnation of the 1980s and 1990s.