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Wesfarmers Ltd (WES.AX)

WES.AX on Australia Stock Exchange

46.29AUD
4 Aug 2020
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Latest Key Developments (Source: Significant Developments)

Wesfarmers Says All Of Group's Retail Businesses To Be Able To Continue Online Operations
Tuesday, 4 Aug 2020 

Aug 4 (Reuters) - Wesfarmers Ltd ::ALL OF GROUP'S RETAIL BUSINESSES WILL BE ABLE TO CONTINUE ONLINE OPERATIONS.KMART AND TARGET STORES IN MELBOURNE METROPOLITAN REGION WILL BE UNABLE TO SERVICE CUSTOMERS IN-STORE..OFFICEWORKS STORES CAN CONTINUE TO SERVICE BUSINESS CUSTOMERS, BUT WILL BE CLOSED FOR IN-STORE RETAIL CUSTOMERS.BUNNINGS STORES IN MELBOURNE METROPOLITAN REGION CAN REMAIN OPEN FOR TRADE CUSTOMERS, BUT WILL BE CLOSED FOR IN-STORE RETAIL CUSTOMERS.WESFARMERS & ITS DIVISIONS WILL ENDEAVOUR TO SUPPORT ITS ABOUT 30,000 VICTORIAN TEAM MEMBERS THROUGH THIS DIFFICULT TIME.IN FY20, GROUP DERIVED ABOUT 17% OF RETAIL SALES FROM STORES IN METROPOLITAN MELBOURNE.INDUSTRIAL BUSINESSES INCLUDING BLACKWOODS, WORKWEAR, COREGAS, AUSTRALIAN VINYLS, MODWOOD OPERATIONS IN VICTORIA EXPECTED TO CONTINUE TO OPERATE.  Full Article

Wesfarmers Says Aleksandra Spaseska Resigns As Company Secretary
Monday, 20 Jan 2020 

Jan 20 (Reuters) - Wesfarmers Ltd ::ALEKSANDRA SPASESKA RESIGNED AS COMPANY SECRETARY.ALEKSANDRA SPASESKA APPOINTED CFO OF KMART GROUP.VICKI ROBINSON APPOINTED COMPANY SECRETARY.  Full Article

Wesfarmers Expects To See Further Weakness In Kmart Sales
Thursday, 14 Nov 2019 

Nov 14 (Reuters) - Wesfarmers Ltd ::EXPECT TO SEE FURTHER WEAKNESS IN KMART SALES AS REPOSITIONING PROGRESSES.EXPECT OFFICEWORKS' EARNINGS GROWTH THIS YEAR WILL BE IMPACTED BY ONGOING INVESTMENT IN PRICE AS WELL AS HIGHER TEAM MEMBER WAGES.  Full Article

Wesfarmers Says Holds 50% Stake In MT Holland Lithium Project
Monday, 23 Sep 2019 

Sept 23 (Reuters) - Wesfarmers Ltd: :WITH COMPLETION OF KIDMAN ACQUISITION, HOLDS 50% INTEREST IN MT HOLLAND LITHIUM PROJECT IN JV WITH SOCIEDAD QUIMICA Y MINERA DE CHILE S.A.  Full Article

Kidman Resources Says Scheme Of Arrangement With Wesfarmers Unit Is Now Legally Effective
Friday, 13 Sep 2019 

Sept 13 (Reuters) - Kidman Resources Ltd ::UPDATES ON SCHEME OF ARRANGEMENT UNDER WHICH WESFARMERS UNIT WILL ACQUIRE KIDMAN.SCHEME OF ARRANGEMENT UNDER WHICH WESFARMERS LITHIUM WILL ACQUIRE ALL OF ISSUED ORDINARY SHARES IN KIDMAN IS NOW LEGALLY EFFECTIVE.KIDMAN WILL APPLY FOR ITS SHARES TO BE SUSPENDED FROM TRADING ON ASX WITH EFFECT FROM CLOSE OF TRADING ON SEPT 13.  Full Article

Kidman Resources Says Court Approved Scheme Of Arrangement between Wesfarmers Lithium and Co
Thursday, 12 Sep 2019 

Sept 12 (Reuters) - Kidman Resources Ltd ::COURT APPROVED SCHEME OF ARRANGEMENT UNDER WHICH WESFARMERS LITHIUM PTY LTD WILL ACQUIRE ALL OF ISSUED ORDINARY SHARES IN KIDMAN.  Full Article

Wesfarmers Updates On Proposal To Acquire Lynas Corporation
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Wesfarmers Ltd ::UPDATES ON PROPOSAL TO ACQUIRE LYNAS CORPORATION.WESFARMERS HAS BEEN UNABLE TO PROGRESS ITS PROPOSAL AND DOES NOT INTEND TO PURSUE IT FURTHER.UNABLE TO PROGRESS ITS PROPOSAL AND DOES NOT INTEND TO PURSUE IT FURTHER.NOTES LYNAS ANNOUNCEMENT CONFIRMING CONDITIONS FOR RENEWAL OF OPERATING LICENCE FOR COMPANY'S LAMP FACILITY IN MALAYSIA.  Full Article

Wesfarmers Completes Acquisition Of Catch Group Holdings
Monday, 12 Aug 2019 

Aug 12 (Reuters) - Wesfarmers Ltd ::COMPLETION OF ACQUISITION OF CATCH GROUP HOLDINGS LIMITED.  Full Article

ACCC Decided Not To Oppose Wesfarmers' Proposed Acquisition Of Online Retailer Catch
Monday, 5 Aug 2019 

Aug 5 (Reuters) - ACCC::ACCC - DECIDED NOT TO OPPOSE PROPOSED ACQUISITION OF ONLINE RETAILER CATCH GROUP BY WESFARMERS.ACCC- FEEDBACK INDICATED THAT WESFARMERS' PROPOSED ACQUISITION OF CATCH WOULD BE UNLIKELY TO CHANGE LEVEL OF COMPETITION.ACCC- FEEDBACK INDICATED THAT WESFARMERS' PROPOSED ACQUISITION OF CATCH WOULD BE UNLIKELY TO CHANGE LEVEL OF COMPETITION.ACCC- STAKEHOLDERS CONSISTENTLY TOLD US CATCH & WESFARMERS ARE NOT CLOSE COMPETITORS, PRIMARILY DUE TO DIFFERENCES IN BUSINESS MODELS.  Full Article

Kidman Resources Sees Cash Outflow Of $1.4 Mln In June Qtr
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Kidman Resources Ltd ::EXPECTS CASH OUTFLOW OF APPROXIMATELY $1.4 MILLION IN JUNE 2019 QUARTER.IF TRANSACTION IS APPROVED BY SHAREHOLDERS, WESFARMERS SCHEME IS EXPECTED TO BE IMPLEMENTED IN SEPTEMBER 2019.EXPECTS CASH BALANCE AT END OF JUNE 2019 QUARTER OF APPROXIMATELY $25.6 MILLION.KIDMAN BOARD REPEATS ITS RECOMMENDATION THAT KIDMAN SHAREHOLDERS VOTE IN FAVOUR OF PROPOSED SCHEME.KIDMAN BOARD HAS NOT RECEIVED ANY COMPETING PROPOSAL FROM ANOTHER PARTY.  Full Article

UPDATE 1-Virus-driven lockdown bumps Wesfarmers online sales up 89%

June 9 Australian retail giant Wesfarmers Ltd on Tuesday reported an 89% surge in online sales so far this calendar year, powered by its Bunnings and Officeworks units, as coronavirus-enforced curbs led customers to do more digital shopping.