Wesfarmers

Acquisitions

Wesfarmers coy on Healthscope as key to rev up earnings

Richard Goyde

Sue Mitchell Wesfarmers needs to make a big acquisition to accelerate earnings growth but is sceptical about its reported interest in integrated healthcare operator Healthscope, analysts and investors say.

What's on

Business calendar, April 28-May 2

What's on in the world of business this week.

Wesfarmers to sell insurance arm for $1b

Richard Goyder

Ruth Liew Conglomerate Wesfarmers is set to exit the insurance industry completely as the company agreed to sell its insurance broking and premium funding subsidiaries for $1 billion to global broking group,...

Retail

Wesfarmers mulls giving capital back to shareholders

richard goyder

Ruth Liew and Sue Mitchell Wesfarmers is contemplating returning capital to shareholders while stepping up the search for sources of growth to plug a $240 million hole in earnings after selling its remaining insurance assets...

Floats

The time is ripe for Wesfarmers to spin off broking arm in IPO

insurance

Ruth Liew Wesfarmers is exploring floating its insurance broking business in a potential $1 billion-plus deal amid buoyant demand and expensive valuations for broking companies.

Results

Wesfarmers lifts dividend as profit beats forecasts

Coles supermarket Greenacre, Sydney. Generic Wesfarmers retail shopping centres Australia.
AFR Picture by STAFF
(NO CAPTION INFORMATION PROVIDED)

Eli Greenblat Wesfarmers's net profit rose a better-than-expected 11.2 per cent to $1.4 billion in the six months ending December 31, as stronger earnings from Coles, Kmart and Bunnings countered weaker profits...

Malcolm Maiden

What now for Wesfarmers as Coles boss Ian McLeod to depart?

Malcolm Maiden dinkus

Malcolm Maiden Wesfarmers has done some big, good things since it took over the Coles group in late November 2007.

Reporting

IAG defends $1.85b purchase of Wesfarmers insurance on posting 39% profit rise

IAG

Ruth Liew Insurance Australia Group boss defends price tag for takeover of Wesfarmers' insurance business.

Supermarkets

Supermarket competition set to heat up, says Wesfarmers' Richard Goyder

Richard Goyder CEO Wesfarmers Limited speaking at  the 2013 National Congress of the Group 100, Sheraton on the Park, Sydney. Tuesday 28th May 2013 AFR photo Louie Douvis

Max Mason Competition in the supermarket sector is tough and it will only get more competitive in the years ahead, Wesfarmers chief executive Richard Goyder said.

Retail

Wesfarmers chief Richard Goyder warns Canberra against intervention

Supermarket.

Eli Greenblat Wesfarmers chief Richard Goyder has sent a clear message to Canberra not to interfere with the nation's supermarket sector, warning that an attempt to cap the market share of Coles and Woolworths...

Insurance

IAG buys Wesfarmers underwriting business for $1.85 billion

IAG

Sue Mitchell and Max Mason IAG is buying Wesfarmers' insurance underwriting businesses for $1.845 billion.

Insurance

IAG move on Wesfarmers' insurance shows contrasting fortunes of insurance giants

MIKE WILKINS

Eric Johnston No doubt much of the investor funds that rushed out of QBE will now find a new home at IAG.

Acquisitions

IAG buys Wesfarmers' insurance businesses

IAG

Clancy Yeates Insurance Australia Group is making an aggressive move to become the country's biggest provider of commercial and motor insurance, snapping up Wesfarmers' underwriting businesses for $1.85 billion.

Retail

Woolworths, Wesfarmers among world's top-20 retailers

Coles and Woolworths

Georgia Wilkins Woolworths and Wesfarmers have a combined revenue of more than $US100 billion ($111 billion).

Retail

Customers vote with wallets: Wesfarmers enjoys sales bounce

Richard Goyder.

Clancy Yeates Retail giant Wesfarmers has experienced a marked bounce in sales since the election.

Retail

Wesfarmers profit off Target

Target

Troubled department store Target continues to drag down Wesfarmers’ otherwise strong performance.

Retail

Wesfarmers shares fall short of their Target

Target logo.

Glenda Kwek Wesfarmers shares suffer biggest fall in almost two years after the company sharply lowered Target's earnings forecast.

Expansion

Wesfarmers flags offshore acquisitions

Wesfarmers chief executive Richard Goyder is hopeful the conglomerate will seek out new acquisitions offshore in the years ahead.

Retail

$600m 'reward' for Wesfarmers shareholders

RETAIL.

Eli Greenblat Wesfarmers will thrust nearly $600 million of cash into shareholders' pockets as a reward.

Wesfarmers rings up sales increase

Coles

Coles notches sales growth of 3% in the fourth quarter, exceeding the growth pace of its main rival, Woolworths.