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At Close of Business podcast July 4 2025

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Tom Zaunmayr and Jack McGinn take an in-depth look at the recent state budget.

Federal Court rejects ASIC’s TerraCom claims

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The Federal Court of Australia has dismissed the corporate watchdog’s action against thermal coal company TerraCom and its staff including former chair Wal King.

Aussie market finishes above 8,600 for first time ever

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The local share market has finished above 8,600 for the first time ever after a stronger-than-expected US jobs report reaffirmed the strength of the world's largest economy.

FTD founder Ricky Hirsch to surrender Marmion properties

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The state's highest court has ordered FTD founder Ricky Hirsch to give up his Marmion properties to a creditor, the latest in a legal dispute over an alleged multi-million-dollar debt.

Spending increases amid cost of living pressures

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Despite cost-of-living being a key issue on most Australian’s minds, new data from the Australian Bureau of Statistics indicates confidence in the economy.

Iwanow digs into leadership at Perenti

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Perenti’s contract mining president has proved herself ambitious in the pursuit of innovative technologies to drive safety and productivity.

Tawarri Hot Springs project delay, costs up

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The developer behind Tawarri Hot Springs in Dalkeith has pushed for a four-year extension, citing labour and supply chain shortages and an almost twofold increase in the project’s estimated cost.

Opinion: First time an electrifying experience

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OPINION: An EV trip down south provided the perfect opportunity to banish an old demon.

Paper spat leaves Freo Herald out of print

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The Fremantle Herald has accused West Australian Newspapers of refusing to print the weekend edition of its newspaper, after a contract negotiation went sour.

Mark My Words July 4 2025

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Mark Pownall and Nadia Budihardjo discuss major moves at WA companies; Chevron's job cuts; Eileen Bond; Social housing; VGW; and Bunnings in Karratha.

No sanctuary from Broome housing crunch

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The Shire of Broome has an ambitious $64 million proposal to solve its accommodation shortage, but funding issues mean the project has no clear timeline in sight.

icetana shares soar following Japan deals

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Shareholders in Laurence Escalante-backed surveillance company icetana AI have benefitted from a sixfold increase of the firm’s share price in a month, after it inked a deal with a Japanese tech giant.

Monadelphous books contracts worth $100m

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Engineering firm Monadelphous has extended its recent run of contract wins within the energy sector.

Business bounces back up north

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Kimberley businesses remain optimistic despite persistent pressure on staffing and costs.

Alien Metals moves to boost Hancock iron ore project resource

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A British-owned explorer hopes to add some extra icing to its Pilbara iron ore project as it tries to woo one of its giant neighbours to unlock the deposit.

Alien Metals movees to boost Hancock iron ore project resource

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A British-owned explorer hopes to add some extra icing to its Pilbara iron ore project as it tries to woo one of its giant neighbours to unlock the deposit.

Saffioti sees security in spending

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Economic diversification has been a priority for the WA government, but questions linger over the state’s capacity to support its desired growth.

Capricorn hits upper end of FY25 guidance

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A solid final quarter to FY25 has resulted in Capricorn Metals hitting the upper end of its 110,000-120,000 production guidance target.

S&P 500, Nasdaq close at records on jobs data

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Wall Street rallied to record highs overnight after a surprisingly strong US jobs report cheered investors, who shrugged off dimming chances for a US interest rate cut this month.

Zempilas hits out at Cook office staffing

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The state opposition has criticised the number of employees in the office of Premier Roger Cook, accusing the government of splashing out on staff and questioning its operating costs.

At Close of Business podcast July 3 2025

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Justin Fris and Mark Pownall discuss the life and career of veteran crime fighter John McKechnie.

AVZ Minerals, Locke in $23m funding dispute

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AVZ Minerals is involved in another legal dispute relating to its Manono project, after a funder sued the West Perth company over a $US15 million agreement.

Govt invests $5m in local screen industry

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The state government investment comes ahead of the 2026 opening of Adrian Fini-backed Perth Film Studios.

Australian shares flat as banks slip, miners dig in

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The Australian share market has recovered from morning losses to finish flat as a rotation out of banking stocks and into iron ore giants continues.

Bunnings bound for Karratha

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Residents of WA’s north-west will welcome news a Bunnings Warehouse has been proposed for Karratha.

Karratha to get a Bunnings Warehouse

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Residents of WA’s north west will rejoice at news Bunnings Warehouse is set to open in the region’s capital city.

Geological breakthrough sparks gold rush hopes

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A ‘breakthrough’ by Western Australian geologists supported by state government funding could lead to a modern-day gold rush.

Opinion: US seeking peace through war

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OPINION: History shows US interventions in the Middle East have fallen short of their stated objectives.

Opinion: Leaders fail Pilbara tourism ambition

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OPINION: While governments talk a big game about building the Pilbara’s tourism industry, the latest business closure shows they have failed to deliver.

Pearls of wisdom define Broome biotech

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Marine Biomedical is giving pearling waste a new lease on life as an innovative bone repair product.

Scorchers in prime timeslots during 2025-26

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ANALYSIS: The Perth Scorchers' sustained on-field success and crowd-pulling power has been recognised in the 2025-2026 BBL fixture, released today.

Putting the eye in AI

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An AI-powered retinal scanner is helping improve eye health in rural WA communities.

Business matriarch Eileen Bond dies

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UPDATE: Tributes have poured in for the first wife of Western Australian business tycoon Alan Bond, Eileen Bond, who died last night.

FBR begins new phase with SHI

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High Wycombe-based FBR has received its first payment of $US150,000 from Samsung Heavy Industries in relation to phase one of its shipbuilding automation project.

Stephen Moir to resign from Motor Trade Association

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Motor Trade Association of WA chief executive Stephen Moir will resign after 15 years at the helm of the state's peak representative body for the industry.

Inpex CCS field gets major project status

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Japanese LNG giant Inpex has welcomed the federal government’s decision to grant major project status to its plan to store third-party carbon emissions below the sea off the NT.

Jacob out at Joondalup

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City of Joondalup mayor Albert Jacob will not seek re-election at October’s local government election, bringing his tenure in the job to a close after eight years at the age of 45.

NRW books $167m contract with Rio

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Mining services contractor NRW Holdings has booked a contract valued around $167 million with Rio Tinto, for work within its Brockman mine hub in the Pilbara.

McKechnie remembers the good fight

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Retiring CCC chief has spent decades peering into all the nooks and crannies where corruption hides.

Tech stocks boost Nasdaq, S&P 500 to record highs

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The S&P 500 and Nasdaq closed at record highs, boosted by gains in technology stocks and a trade agreement between the US and Vietnam.

State receives affordable housing boost

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More than 515 social and affordable homes are set to be built across the state following the allocation of federal funding to WA.

Chevron kicks off local job cuts

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Chevron Australia has started a round of redundancies, as it delivers on a mandate from US-based parent company Chevron Corporation to cut its global workforce by up to 20 per cent.

At Close of Business podcast July 2 2025

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Claire Tyrrell and Nadia Budihardjo discuss the digital gap between classrooms throughout WA.

New laws, review planned for troubled builders

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The building commissioner is set to receive a broader suite of powers under new laws flagged by the state government amid a review of the contracts legislation.

Local shares rally to highest finish as rate cut looms

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The local share market has rallied to close at its highest level after lacklustre retail sales data seemed to seal the deal for a domestic interest rate cut.

Opinion: Going glocal offers best of both worlds

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OPINION: Universities that place too great a focus on the global market risk missing opportunities at home.

Board role changes at AMB, Coogee

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Two of Western Australia’s most successful families – the Bennetts and the Martins – have seen changes in the ranks of key advisers to their business interests.

St Bart’s to rebuild East Perth facility for $39m

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Not-for-profit accommodation provider St Bart’s is one step closer to building a seven-storey aged care facility in East Perth, estimated to cost $39 million.

Turtle tracker using AI for good

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A Curtin University alumnus is making tracks with an AI-powered app to monitor sea turtle populations.

Digital learning WA regions’ new frontier

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There’s a schism between the digital haves and have nots in classrooms across the state.