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Wesfarmers Ltd (WES.AX)

WES.AX on Australia Stock Exchange

41.21AUD
26 Sep 2017
Change (% chg)

$0.14 (+0.34%)
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Latest Key Developments (Source: Significant Developments)

Wesfarmers says Terry Bowen has resigned as a director
Sunday, 3 Sep 2017 09:51pm EDT 

Sept 4 (Reuters) - Wesfarmers Ltd :Terry Bowen has resigned as a director of Wesfarmers Limited.Terry Bowen will remain as cfo until conclusion of this year's annual general meeting in November 2017.  Full Article

Wesfarmers announces Anthony Gianotti as the next CFO
Sunday, 28 May 2017 06:39pm EDT 

May 29 (Reuters) - Wesfarmers Ltd :‍announced three senior executive appointments as part of group's leadership transition next financial year.​.Anthony Gianotti will be next wesfarmers chief financial officer.‍Gianotti will be next wesfarmers chief financial officer, succeeding finance director Terry Bowen, who will step down later this year​.Gianotti will become group's deputy CFO, effective 1 july 2017​.David Baxby has been appointed managing director of industrials division, effective august 2017.Michael Schneider, has been promoted to managing director, Bunnings Group, replacing John Gillam.  Full Article

Wesfarmers announces details of remuneration terms for incoming managing director
Sunday, 28 May 2017 06:36pm EDT 

May 29 (Reuters) - Wesfarmers Ltd :‍announced details of service agreement and remuneration terms for incoming group managing director Rob Scott when he succeeds Richard Goyder​.total remuneration package opportunity at target is therefore $7.5 million annually.‍Goyder's remuneration currently comprises far of $3.5 million and a total remuneration opportunity at target of $10.5 million.​.  Full Article

Wesfarmers says Rob Scott to succeed Richard Goyder as managing director
Monday, 13 Feb 2017 05:33pm EST 

Wesfarmers Ltd : Rob Scott to succeed Richard Goyder as managing director . Rob Scott to succeed Richard Goyder as managing director .Goyder will step down towards end of 2017.  Full Article

Bubs Australia expands distribution in Coles supermarkets
Monday, 13 Feb 2017 04:28pm EST 

Bubs Australia Ltd : Bubs Australia expands distribution in Coles supermarkets . Coles confirms 42% increase in store count for bubs infant formula range .Announced coles has increased ranging of Bubs goat milk infant formula by 42% from 322 to 456 stores effective immediately.  Full Article

Wesfarmers announces allocation price for shares to be issued through dividend investment plan
Wednesday, 28 Sep 2016 01:52am EDT 

Wesfarmers Ltd : Allocation price for shares to be issued through dividend investment plan for final dividend is $42.8651 ."shares are expected to be issued to participants in dividend investment plan on 5 october 2016".  Full Article

Wesfarmers says Bunnings confirms entering into agreement with Home Consortium
Wednesday, 24 Aug 2016 04:03am EDT 

Wesfarmers Ltd : Agreement for additional sites . Says Bunnings confirms that it has entered into an agreement with home consortium for a small number of these properties . Bunnings will enter into new leases directly with Home Consortium . Says Bunnings notes that home consortium agreement with woolworths limited is subject to the consent of Lowe's Companies, Inc . Refers to home investment consortium company (home consortium) agreement with Woolworths Limited to acquire the masters property portfolio .  Full Article

Wesfarmers says FY net profit attributable to members $407 mln vs $2.44 bln a year ago
Tuesday, 23 Aug 2016 07:14pm EDT 

Wesfarmers Ltd : FY net profit attributable to members $407 million versus $2.44 billion last year . Final dividend 95 cents per share . FY revenue $65.981 billion versus $62.447 billion last year . Competition in the retail sector is expected to remain robust" . "Business will report lower depreciation and lower hedge losses in the 2017 financial year" . Outlook for the group's industrials division remains challenging in the short-term . Market conditions in the mining and resources sector are expected to remain challenging in the near-term . "Obligations to stanwell corporation will continue to adversely impact earnings through export rebates of $45 million to $55 million" . "Pre-tax non-cash impairment of $1.27 billion was recorded in the carrying value of target" . "Following decision to cease foreign exchange hedging, hedge losses of $92 million have been locked in for 2017 financial year" . Curragh's metallurgical coal sales volume is forecast to be in the range of approximately 8.0 to 8.5 million tonnes for the 2017 financial year .  Full Article

Wesfarmers Ltd says Bengalla coal production for quarter was 786,000 tonnes
Sunday, 24 Jul 2016 09:22pm EDT 

Wesfarmers Ltd : "The increase in coal production reflected the impact of significant rainfall on mine operations in the previous quarter" . Curragh coal production for the quarter was 3 million tonnes . Wesfarmers' share of Bengalla coal production for quarter was 786,000 tonnes, 14.4 per cent below previous quarter .  Full Article

Wesfarmers says Target and Curragh significant items expected in 2016 full-year results
Tuesday, 24 May 2016 06:41pm EDT 

Wesfarmers Ltd : Target and curragh significant items expected . Target and curragh significant items expected in 2016 full-year results . "Restructuring costs and provisions of $145 million to significantly rebase target" . Says underlying FY 2016 EBIT loss for target of approximately $50 million . Non-cash impairment of $600 million to $850 million pre-tax ($420 million to $600 million post-tax) to be recorded in curragh . Non-cash impairment of $1.1 billion to $1.3 billion pre-tax to be recorded in Target . Accounting impairments in target and curragh, which will be finalised as part of the group's FY 2016 annual accounts, are non-cash in nature . Accounting impairments in target and curragh have no effect on current trading and will not impact the group's compliance with its banking covenants . Intended that group's final dividend for FY 2016 will be determined based on group's net profit after tax excluding impairment charges .  Full Article

New Hope says looking for more coal acquisitions in Australia

MELBOURNE New Hope Corp is chasing more coal mine acquisitions in Australia over the next year to drive growth, its boss said on Tuesday after reporting a huge rise in annual profit on the back of an earlier expansion and higher coal prices.