52 Week Range
As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay
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Shares Out (MIL)
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Wesfarmers Expects To See Further Weakness In Kmart Sales
Wesfarmers Says Holds 50% Stake In MT Holland Lithium Project
Kidman Resources Says Scheme Of Arrangement By Wesfarmers To Acquire All Shares In Co Implemented
Wesfarmers Limited is engaged in various business operations, such as supermarkets, liquor, hotels and convenience stores; home improvement; office supplies, and an industrials division with businesses in chemicals, energy and fertilizers, industrial and safety products and coal. The Company's segments include Home Improvement; Department Stores; Office Works; Industrials, which includes Resources, WIS and WesCEF, and Other. Bunnings is a retailer of home improvement and outdoor living products in Australia and New Zealand. Kmart is a retailer with approximately 210 stores throughout Australia and New Zealand. Target operates a network of over 300 stores and sells a range of products for the contemporary family, including apparel, homewares and general merchandise. Officeworks is a retailer and supplier of office products and solutions for home, business and education. The Company also holds an interest in the Mt Holland lithium project based in Western Australia.
Retail (Home Improvement)
Brookfield Place Twr 2
L 14 123 St Georges Tce
Michael Alfred Chaney
Independent Chairman of the Board
Robert Geoffrey Scott
Chief Executive Officer, Managing Director, Director
Chief Financial Officer
Chief Human Resource Officer
Maya Vanden Driesen
Group General Counsel
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Australian retail conglomerate Wesfarmers Ltd <WES.AX> said on Tuesday that about 6,000 current and former employees at its industrials and safety business were underpaid about A$15 million ($10 million) since 2010.
Kidman Resources Ltd said on Thursday its shareholders voted in favour of conglomerate Wesfarmers Ltd purchase of the lithium miner for about A$776 million ($524.11 million).
Australian retail conglomerate Wesfarmers Ltd posted the slowest earnings growth in six years in its hardware unit but still met forecasts for overall annual profit, raising hopes it can withstand a spending slump thanks to diversification.
Australian conglomerate Wesfarmers Ltd reported a 13.5% rise in annual profit on Tuesday, driven by higher sales in its hardware business, even as the country's spending slowdown hurt the company's discount department stores.
Australian retail-to-chemicals conglomerate Wesfarmers Ltd <WES.AX> said on Thursday it would not pursue its proposal to buy rare earths miner Lynas Corp <LYC.AX>.
Australian retails-to-chemicals conglomerate Wesfarmers Ltd said on Thursday it would not pursue its proposal to buy rare-earths miner Lynas Corp .
Australia's competition watchdog on Monday said it will not oppose conglomerate Wesfarmers Ltd's <WES.AX> $160 million acquisition of online retailer Catch Group.
* Shares fall to one-week low (Adds MD comment on possible future electric vehicle deals in 17th paragraph)
Australian conglomerate Wesfarmers Ltd forecast falling annual earnings at its Kmart discount department stores for the first time in a decade on Thursday, as a spending slowdown sounds an ominous warning for Australia's sputtering economy.
Australia's Wesfarmers Ltd on Thursday forecast a significant drop in core earnings for Kmart Group, its low-priced retail chain, because of an increase in price competition and cautious consumer sentiment.
Australian conglomerate Wesfarmers is buying e-commerce retailer Catch Group for about $160 million to boost the small online footprint of its retail units such as Kmart and Target amid a big shift by domestic shoppers to the web.
Australia's Wesfarmers Ltd said on Wednesday it has entered into an agreement to buy online retailer Catch Group Holdings Ltd for A$230 million ($159.94 million).
Australian lithium miner Kidman Resources on Thursday agreed to be acquired by Wesfarmers for A$776 million ($534 million) in a deal that will give the retail conglomerate entry into the booming electric vehicle market.
Australian lithium miner Kidman Resources Ltd on Thursday agreed to be acquired by retail conglomerate Wesfarmers Ltd for A$776 million ($534 million).
Wesfarmers Ltd's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages.
Australian retail conglomerate Wesfarmers Ltd offered A$776 million ($544 million) to buy lithium miner Kidman Resources Ltd on Thursday, its second bid in two months to deepen its exposure to high-tech minerals.
Australian miner Kidman Resources Ltd said on Thursday it received a takeover proposal from Wesfarmers Ltd that values the company at about A$776 million ($544 million).
Takeover target Lynas Corp Ltd on Tuesday reported a 32.5 percent rise in production of rare earths oxides during the quarter, as it fends off a takeover offer from retails-to-chemicals conglomerate Wesfarmers Ltd .
Rare earths miner Lynas Corp said on Wednesday its board had concluded it would not engage with conglomerate Wesfarmers, stating its takeover offer undervalues the company's intellectual property.
Australia's Wesfarmers Ltd remains keen on buyout talks with rare earths miner Lynas Corp Ltd, the retail-to-chemicals conglomerate said on Friday, despite its A$1.4 billion ($992 million) approach being rejected earlier this week.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.