Wesfarmers Ltd (ASX:WES) is a 100-year-old conglomerate which at various times has owned and operated some of Australia’s largest retail brands such as Kmart, Target and more. Today, its largest business is Bunnings Warehouse, the number-one DIY home improvement business.
Wesfarmers Ltd (ASX:WES) will retain a 15% stake in Coles and own 50% of Flybuys following the ASX-listing of the supermarket’s division.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.26% at lunch.
Australian Foundation Investment Co. Ltd. (ASX:AFI), also known as AFIC, just reported its annual result for the financial year ended 30 June 2018.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.34% at lunch.
Metcash Limited (ASX:MTS) shareholders will receive a larger dividend from the retail company following an improved profit result from its hardware division.
Amazon Prime is launching in Australia, which will be a boost for online shoppers and cause more worries for retail share investors.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.7% at lunch.
Wesfarmers Ltd (ASX: WES) could have a war chest of $12 billion or more to go and spend on acquisitions according to investment bank Citigroup.
Metcash Limited (ASX: MTS) announced this morning that it will recognise a $352 million impairment to goodwill and other net assets in the Supermarkets & Convenience segment of its business.
