Wesfarmers Ltd

Type: Company
Name: Wesfarmers Ltd
Nationality: Australia
Web Address: http://www.wesfarmers.com.au/
Fact Sheet: Fact Sheet for Wesfarmers Ltd
First reported 20 hours ago - Updated 6 hours ago - 11 reports

Goyder challenge: Running out of debt

WESFARMERS CEO Richard Goyder has a problem that would be the envy of just about every Australian — he’s fast running out of debt. Despite paying out almost 100 per cent of its profit in dividends and handing shareholders another $1.1 billion in a capital ... [Published Herald Sun - 6 hours ago]
First reported 16 hours ago - Updated 10 hours ago - 3 reports

Here’s why Wesfarmers Ltd shares have climbed 3% today

What: Wesfarmers Ltd (ASX: WES) shares have rallied nearly 3% by early afternoon today despite a decline in the S&P/ASX 200 Index (Index: ^AXJO ) (ASX: XJO). This thanks to the diversified conglomerate reporting a solid full year result and announcing ... [Published Motley Fool - 15 hours ago]
First reported 12 hours ago - Updated 12 hours ago - 2 reports

Wednesday's key earnings reports

WESFARMERS SHARES SOAR TO RECORD HIGH * Wesfarmers full year profit up 19 pct to $2.69b, shares up 3.8 pct to $45.66 ... [Published NEWS.com.au - 12 hours ago]
Entities: Wesfarmers Ltd, Stocks
First reported 23 hours ago - Updated 13 hours ago - 2 reports

Aust stocks eke out fresh six-year high

The Australian sharemarket has inched up to a fresh six-year high, with a number of upbeat earnings reports offering support despite a sell-off in BHP Billiton.At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index edged up 10.8 points, ... [Published Business Spectator - 13 hours ago]
First reported 23 hours ago - Updated 14 hours ago - 3 reports

Stocks to watch at close on Wednesday (AAP)

Stocks to watch on the Australian stock exchange at close on Wednesday:AGK - AGL ENERGY - in a trading halt at $14.68AGL Energy has lifted its full year profit 52 per cent and announced a $1.2 billion capital raising to help fund its takeover of NSW power ... [Published Yahoo! News Australia - 14 hours ago]
First reported 19 hours ago - Updated 16 hours ago - 3 reports

Wesfarmers lifts dividend after 19pc profit boost

COLES owner Wesfarmers has rewarded shareholders with a dividend windfall after the retail conglomerate chalked up a 19 per cent surge in profit in its centenary year. ... [Published Brisbane Courier-Mail - 16 hours ago]
First reported 20 hours ago - Updated 19 hours ago - 3 reports

Wesfarmers plans $1.1bn capital return

Retail giant Wesfarmers has lifted profit and flagged plans to return $1.1 billion in surplus capital to shareholders, as it eyes future growth from its retail businesses.But the coal-to-retail congolmerate also warned that pricing pressures will continue ... [Published Business Spectator - 19 hours ago]
First reported Aug 19 2014 - Updated 21 hours ago - 3 reports

IAG results come with good news for clients

The profit of Insurance Australia Group surged by 59 per cent, to $A1.23 billion, in fiscal 2014. Management anticipates a 17-to-20 per cent rise in revenue in fiscal 2015, driven by the takeover of Wesfarmers' insurance unit. CEO Mike Wilkins says there ... [Published Individual.com - 21 hours ago]
First reported Aug 19 2014 - Updated 23 hours ago - 2 reports

IAG's New Zealand unit boosts profit

Insurance Australia Group's New Zealand unit has boosted annual profit 56 per cent after hiking household premiums, increasing sales through the internet and taking advantage of a favourable exchange rate.The New Zealand division, the country's largest ... [Published MSN New Zealand - Aug 19 2014]
First reported Aug 19 2014 - Updated Aug 19 2014 - 2 reports

Insurance Australia Group's Net Profit Rises 58.9%

Insurance Australia Group Ltd. saw a 58.9% rise in net profit to A$1.23 billion (US$1.15 billion) for the financial year ended June 30, supported by improved claim costs and increased investment returns. "Profitability has benefited from favorable natural ... [Published Individual.com - Aug 19 2014]
First reported Aug 18 2014 - Updated Aug 19 2014 - 3 reports

Mining stocks performance fuels share market gains

A strong session for mining stocks has helped drive the Australian share market to close higher.The All Ordinaries index rose 38 points or 0.7 per cent to close at 5,618, while the ASX 200 index added 37 points to 5,624.BHP Billiton shares closed 1.4 ... [Published Yahoo! News Australia - Aug 19 2014]
First reported Aug 19 2014 - Updated Aug 19 2014 - 2 reports

IAG Smashes Results With A 59% Jump In Net Profit And Expects To Do Even Better This Year

Insurance giant IAG posted a 59% increase in net profit to $1.233 billion, a result helped by better investment returns and the shedding of an ailing UK business.The insurance margin of 18.3% benefited from lower than expected claim costs from natural ... [Published Business Insider Australia - Aug 19 2014]

Quotes

...HSI) Index is following an upward trend line," wrote IG's market strategist Ryan Huang in a note. "The market expectation of further stimulus measures from China has been feeding much of the optimism. Despite rather soft macro data from China earlier in the week, investors appear to remain bullish on stock valuations and a slew of positive corporate earnings."
"Coles, Bunnings, Officeworks and Kmart all have good momentum as they lead into the 2015 financial year, while Target is expected to undergo significant change and improve as it progresses its transformation plan.’’"
"They bought on a rumour and sold on a fact" Mr Paterno said after the hopes of investors failed to eventuate
"The biggest drag by far was BHP, and that wiped out 16 points from the All Ordinaries" Mr Daghlian said

More Content

All (448) | News (436) | Reports (0) | Blogs (9) | Audio/Video (0) | Fact Sheets (1) | Press Releases (2)
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GSC - GLOBAL GEOSCIENCE LIMITED [Published Canberra Times - 2 hours ago]
‘Ugly’ Target tarnishes retail report card [Published Herald Sun - 4 hours ago]
Asian equities reverse losses ahead of Fed minutes [Published Yahoo! Malaysia - 6 hours ago]
Goyder challenge: Running out of debt [Published Herald Sun - 6 hours ago]
ACCC takes action on petrol pricing [Published Brisbane Times - 6 hours ago]
Eight learnings from Coles FY results [Published IGD Retail Analysis - 6 hours ago]
Australian Central Bank Governor Focused on Rat... [Published Ticker - 6 hours ago]
IAG Posts US$1.467 Billion 2014 Fiscal Year Ope... [Published Insurance Journal - 10 hours ago]
Australian Stock Market Report – Afternoon Augu... [Published International Business Times Australia - 10 hours ago]
Market Wrap: Aus shares continue week’s gains [Published Finance News Network - 12 hours ago]
I'm the shareholders' friend, says Wesfarmers' ... [Published Brisbane Times - 12 hours ago]
Coles and Bunnings continue to boost Wesfarmers... [Published Australian Food News - 12 hours ago]
Wednesday's key earnings reports [Published NEWS.com.au - 12 hours ago]
Wednesday's key earnings reports [Published Herald Sun - 12 hours ago]
Reserve Bank governor Glenn Stevens implores bu... [Published Brisbane Times - 12 hours ago]
Share market gains ground despite fall in minin... [Published Yahoo! News Australia - 12 hours ago]
Wednesday's key earnings reports [Published Geelong Advertiser - 12 hours ago]
Coles owner says retail on the improve [Published NEWS.com.au - 12 hours ago]
Wesfarmers' Richard Goyder opens the lolly jar ... [Published Canberra Times - 13 hours ago]
ASX posts six-year high despite BHP Billiton se... [Published Melbourne Age - 13 hours ago]
Aust stocks eke out fresh six-year high [Published Business Spectator - 13 hours ago]
Share market rises despite BHP's fall [Published Melbourne Age - 13 hours ago]
Stocks to watch at close on Wednesday (AAP) [Published Yahoo! News Australia - 14 hours ago]
5 blue-chip stocks with 5% dividend yields: Whi... [Published Motley Fool - 14 hours ago]
UPDATE 2-Wesfarmers plans to return $1 bln to s... [Published Reuters UK - 14 hours ago]
Twenty subpar Coles stores axed [Published The Shout - 14 hours ago]
ASX: Positive pattern emerging [Published Voxy.co.nz - 14 hours ago]
AGL profit powers on [Published In Daily - 14 hours ago]
APA Group reports strong full-year result: Is i... [Published Motley Fool - 14 hours ago]
Here’s why Wesfarmers Ltd shares have climbed 3... [Published Motley Fool - 15 hours ago]
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Blogs

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San Francisco startup icix nets $25 mln Series C [Published PE Hub Blog - Jul 22 2014]
San Francisco-based food safety startup icix has raised $25 million in Series C funding. The investors included Wesfarmers Limited, Vertical Venture Partners, Draper Fisher Jurvetson and Starfish Ventures . PRESS RELEASE SAN FRANCISCO, Calif. ...
Icix raises $25M to make the global product sup... [Published Venturebeat - Jul 22 2014]
Above: Icix has raised $25M to make the global supply chain safer. Image Credit: Icix Icix , a startup that makes it easier to track and test consumer products, has raised $25 million in a third round of funding. The San Francisco company helps companies ...
Wesfarmers' A$1 bln insurance sale gets clearances [Published Scoop NZ - Business - Jun 12 2014]
June 12 (BusinessDesk) - Wesfarmers has been given the green light by regulators to sell its broking and premium funding units for A$1 billion to Arthur J. Gallagher & Co, the New York stock exchange-listed insurer, completing the Australian company’s ...
US EQUITIES OPENING HEADLINES INCLUDING: US sto... [Published Proactiveinvestors United Kingdom website - Apr 07 2014]
US stock futures point to a lower open on Wall Street, following the theme from Friday after the NASDAQ-100 fell 2.7% to mark the worst session since 2011, with momentum names and technology the underperformers (Facebook (FB) fell 4.9% to entered a bear ...
Wesfarmers exits insurance industry with sale o... [Published Scoop NZ - Business - Apr 07 2014]
April 7 (BusinessDesk) – Wesfarmers has agreed to sell its broking and premium funding units for A$1 billion to Arthur J. Gallagher & Co, the New York stock exchange-listed insurer, completing the Australian company’s exit from the insurance ... ...
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Press Releases

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Arthur J. Gallagher & Co. Completes Acquisition... [Published Financial Services - Jun 16 2014]
Arthur J. Gallagher & Co. Signs Agreement To Ac... [Published Financial Services - Apr 07 2014]
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