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) announced it will pay a $1.20 per share fully franked dividend to shareholders following the release of its 2018 financial report.
Here are the headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Wednesday morning.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.36% at lunch.
Wesfarmers Ltd (ASX: WES) has announced that it is selling Kmart Tyre And Auto for $350 million to Continental AG.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.14% at lunch.
Wesfarmers Ltd (ASX:WES) will report a $670 million profit from its fresh deal with New Hope Corporation Ltd (ASX:NHC) following the sale of its stake in the Bengalla Join Venture.
BWP Trust (ASX:BWP) will be one to watch today after the property landlord reported its financial results for the year ended 30 June 2018.
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.
