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) shares closed 4.5% lower on Monday, weighing on the ALL ORDINARIES (INDEXASX:XAO)(ASX:XAO) index.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has plunged at lunch. It has fallen by 1.28% so far.
Here’s why Wesfarmers Ltd (ASX:WES), Bunnings UK & Ireland business just announced $795 million in losses.
The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open flat on Wednesday.
The Australian share market, including the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and All Ordinaries (INDEXASX:XAO)(ASX:XAO), closed firmly higher on Friday.
Wesfarmers Ltd (ASX:WES) shares haven’t budged despite the retail heavyweight offloading its Queensland coal mine, Curragh, to Coronado Coal Group for $700 million.
The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open higher on Friday.
