SGH

Kerry Stokes-led Seven Group is poised to take control of listed building and construction company Boral after lifting its ownership stake above 50 per cent.

Royal commissioner Neville Owen has sought to quash any concerns about conflicts of interest by acknowledging he is a director of a key company in Kerry Stokes' business empire.

Self-made billionaire Kerry Stokes is retiring from the board of ASX-listed Seven Group Holdings, but the 80 year old will retain a well-paid consultancy role.

Advisers have been appointed for a potential sale of Seven Group’s share of the Crux LNG project, managing director Ryan Stokes has said, while flagging deals around Coates and WesTrac.

Kerry Stokes-backed developer Flagship has unveiled plans to build a 27-storey tower in the heart of Kings Square, situated in the $5.2 billion Perth City Link.

While lower returns on equity have flowed through to WA’s top earners this year, the river has hardly run dry for the top end of town.

A likely change of power in Canberra this year will have little bearing on the makeup of WA’s political and business leaders. Click through to see our updated ranking of WA's 50 Most Influential.

WA’s largest residential builder is back on the market, three years after BGC postponed the sales process. The proceeds will flow to the children of company founder Len Buckeridge.

Kerry Stokes-backed developer Flagship’s $180 million plan to build a 27-storey tower in the heart of King Square is another step closer to fruition.

Resources billionaire Gina Rinehart has been named Australia’s wealthiest person for a third consecutive year, followed closely by fellow Western Australian and iron ore magnate Andrew Forrest.

A state government development board has given Kerry Stokes-backed developer Flagship the green light to build a 27-storey tower, valued at $180 million, in the CBD.

Seven Group Holdings has amassed a $577 million underlying net profit for the financial year following strong performances from WesTrac and Coates.

Far East Consortium has lodged a proposal to build a 21-storey tower as part of its precinct in the $5.2 billion Perth City Link area.

Business News values the assets of WA’s richest people, and explores how they’ve used that wealth in 2022.

Andrew Forrest has told Fortescue staff that a decision to pick German giant Liebherr over WesTrac for a major contract has caused a rift with billionaire Kerry Stokes' empire.

Seven Group chair Ryan Stokes has sought to ease tensions with Andrew Forrest after revelations the Fortescue Metals Group chair took a swipe at the Stokes empire over a trucking deal.

Federal Communications Minister Michelle Rowland has been drawn into the public spat between Perth billionaires Andrew Forrest and Kerry Stokes.

Billions of dollars of investment could be in the pipeline for Perth Basin as the state faces a crippling gas shortage within a decade.

Seven West Media chair Kerry Stokes has confirmed plans to extend his tenure beyond 15 years ahead of the company’s annual general meeting in November.

WA’s opportunity to capitalise on the United States’ massive Inflation Reduction Act will hinge largely on its ability to keep pace with demand, according to BHP’s iron ore boss.

Well-known names feature among this year’s list of WA’s top earners, though not all are in the roles they’ve become known for.

WA’s energy investment push comes while debate continues over the opportunities and threats posed by the US Inflation Reduction Act.

The strong performance of Seven Group Holdings’ industrial segment outweighed a substantial fall in media business earnings and asset write-downs at Beach Energy in the first half of FY24.

Kerry Stokes’ Seven Group Holdings has made an off-market takeover offer to buy the remaining part in east coast-based Boral it doesn’t already own.

Multinational construction materials firm Boral has rejected Seven Group Holdings’ takeover bid claiming it undervalues the company.

Seven Group Holdings has launched a vigorous attack on advisory firm Grant Samuel, whose report was used by Boral’s independent directors to oppose Seven’s takeover offer.

Adelaide-based Perth Basin gas play Beach Energy will slash its workforce by 30 per cent, following a strategic review into its operations in the east and west coast gas markets.

Takeover target Boral has doubled down on its recommendation to reject Seven Group Holdings' takeover offer, as the value range gets a trim.

Boral’s board has backed major shareholder Seven Group Holdings’ sweetened takeover offer after the Stokes family-contolled bidder upped the value.

Stokes-led Seven Group Holdings has posted a 10 per cent increase in revenue for 2024 financial year, buoyed largely by strong growth from its industrial services businesses.

Mark Beyer and Jack McGinn discuss the major findings from the domestic gas inquiry; Collgar's wind farm plan; Western Power's nuclear stance; Pilbara energy enablers; Perdaman's Karratha plan; the price of iron ore; Nicheliving's woes and Sanur's Subi battle; Vern Wheatley's legacy, and preview the upcoming edition of the Business News magazine.

Ryan Stokes-led Seven Group Holdings has sought a name change to better reflect its operations, with the vote to be cast at the next annual general meeting.

Seven Group boss Ryan Stokes has signalled his support for the group's struggling media business and has described Australia as the best place for the company to invest.

Shareholder returns were not always reflected in the scale and growth of public-listed executive pay packets last financial year.

The falling iron ore price has had a big impact on WA’s wealthiest.

Kerry Stokes’ SGH generated a $508 million net profit in the first six months of the financial year driven by its industrial division, but major challenges persisted in its flagship media business.