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Wesfarmers

News

Reuters - 2 weeks ago

Wesfarmers falls; UBS flags Bunnings as expensive and lithium overhang

BUZZ-Wesfarmers falls; UBS flags Bunnings as expensive and lithium overhang ** Shares of Australia's Wesfarmers WES.AX fall as much as 2% to A$69.95 ** Stock hits its lowest since early August ** Analysts at UBS think investors continue to pay too much for the conglomerate's hardware chain, Bunnings ** Brokerage retains "Sell" rating on stock and h
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Reuters - 2 weeks ago

Australia shares end slightly lower; iron ore and lithium miners slump

Australia shares end slightly lower; iron ore and lithium miners slump Mineral Resources emerges top loser Wesfarmers falls 1.4% CBA touches record high Updates to close By Rishav Chatterjee Sept 3 (Reuters) - Australian shares ended marginally lower in subdued trading on Tuesday, dragged down by consumer and mining stocks, while local investors waited for crucial growth data.
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Reuters - 2 weeks ago

Australian consumer staple retailers trading ex-dividend weighs on benchmark

BUZZ-Australian consumer staple retailers trading ex-dividend weighs on benchmark ** Australian consumer staples index .AXSJ down as much as 2% to 12,636.80 points, marking its biggest intraday pct drop since Aug. 5, as major constituents trade ex-dividend ** Non-discretionary retailers among top losers in the benchmark ASX200 .AXJO , which is down 0.1% as at 0248 GMT ** Shares of Australia's top grocer Woolworths WOW.AX fall as much as 3.9% to A$34.440, marking their worst day since May 2 ** Co
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Reuters - 3 weeks ago

Street View: Earnings view pruned on Wesfarmers after soft FY25 start at hardware unit

BUZZ-Street View: Earnings view pruned on Wesfarmers after soft FY25 start at hardware unit ** Australia's biggest non-food retail group, Wesfarmers WES.AX , on Thursday flagged sales growth moderating at its top earner Bunnings in the first eight weeks of FY25 vs 2H24 ** Apparel-to-lithium conglomerate's FY24 NPAT of A$2.56 bln ($1.74 bln) largely in line with LSEG estimate of A$2.57 bln ** WES closed down 4.1% on Thursday at A$74.06 - the lowest level since Aug.
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Reuters - 3 weeks ago

Australian shares end lower as investors weigh mixed earnings, await data

Australian shares end lower as investors weigh mixed earnings, await data Financials hit record high Miners shed 0.8% Mineral Resources among the top losers on ASX 200 Updates to close By Sherin Sunny Aug 29 (Reuters) - Australian shares ended lower on Thursday as investors assessed a slew of mixed corporate earnings and remained cautious ahead of key economic data.
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Reuters - 3 weeks ago

Australia's Wesfarmers dips on Bunnings' soft start to FY25

BUZZ-Australia's Wesfarmers dips on Bunnings' soft start to FY25 ** Shares of conglomerate Wesfarmers WES.AX dip as much as 4.1% to A$74.07, posting their biggest intraday percentage loss since June 24 ** Co says in the first eight weeks of fiscal 2025, sales growth in Bunnings division moderated from H2 of FY24 ** Bunnings is a retailer of home improvement and lifestyle products and accounts for about 60% of Wesfarmers' profit.
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Reuters - 3 weeks ago

Australian shares slip as miners drag; investors assess inflation data

Australian shares slip as miners drag; investors assess inflation data Aug 29 (Reuters) - Australian shares slipped lower on Thursday, dragged by losses in miners, after investors reeled back from interest rate cut hopes as local inflation data remained above forecasts for July. The S&P/ASX 200 index .AXJO fell 0.5% to 8,034.7, as of 0048 GMT. The benchmark ended flat on Wednesday.
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Reuters - 3 weeks ago

Wesfarmers Sees Net Capex Between A$1,100 Mln And A$1,300 Mln For FY25

BRIEF-Wesfarmers Sees Net Capex Between A$1,100 Mln And A$1,300 Mln For FY25 Aug 29 (Reuters) - Wesfarmers Ltd WES.AX : EXPECTS NET CAPITAL EXPENDITURE OF BETWEEN A$1,100 MILLION AND A$1,300 MILLION FOR 2025 FINANCIAL YEAR FOR FIRST EIGHT WEEKS OF 2025 FY, KMART GROUP DELIVERED SALES GROWTH BROADLY IN LINE WITH GROWTH IN H2 2024 FOR FIRST EIGHT WEE
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Reuters - 3 weeks ago

Australian conglomerate Wesfarmers' annual profit rises on strong retail performance

UPDATE 3-Australia's Wesfarmers' FY profit rises, shares fall on slowing Bunnings growth Bunnings' sales growth moderated in first 8 weeks of FY25 FY NPAT up 3.7% at A$2.56 bln Declares final dividend of A$1.07/share Shares drop as much as 4.1% Rewrites, adds shares, analysts comment, details on WesCEF segment throughout By Himanshi Akhand Aug 29 (Reuters) - Shares in Australia's biggest non-food retail group Wesfarmers WES.AX fell 4% on Thursday after sales momentum at top earner Bunnings moder
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Reuters - 3 weeks ago

Australian conglomerate Wesfarmers' annual profit rises 4%

Australian conglomerate Wesfarmers' annual profit rises 4% Aug 29 (Reuters) - Australian conglomerate Wesfarmers WES.AX reported a nearly 4% rise in its annual profit on Thursday, boosted by strong sales across its divisions, mainly from its top retail units Bunnings and Kmart. The apparel-to-lithium conglomerate's net profit after tax for the full year ended June 30 came in at A$2.56 billion ($1.74 billion) , largely in line with LSEG estimate of A$2.57 billion and higher than A$2.47 billion a
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Reuters - 4 weeks ago

Australia, New Zealand corporate earnings week ahead

DIARY-Australia, New Zealand corporate earnings week ahead Aug 23 (Reuters) - Diary of Australia and New Zealand (.AXJO, .NZ50) corporate earnings for the week ahead AUSTRALIA & NEW ZEALAND EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 26-Aug-2024 BMO ZIP.AX Zip Co Ltd Full Year 2024 Zip Co Ltd Earnings Release 26-Aug-2024 BMO JLG.AX Johns Lyng Group Ltd Full Year 2024 Johns Lyng Group Ltd Earnings Release 26-Aug-2024 22:30 BHP.AX BHP Group Ltd Full Year 2024 BHP Group Ltd Ear
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Reuters - 2 months ago

Australia's ACCC Says Seeking Views On Proposed Acquisition Of Wesfarmers LNG By Clean Energy Fuels Australia

BRIEF-Australia's ACCC Says Seeking Views On Proposed Acquisition Of Wesfarmers LNG By Clean Energy Fuels Australia July 25 (Reuters) - Australia's ACCC: SEEKING VIEWS ON PROPOSED ACQUISITION OF WESFARMERS LNG BY CLEAN ENERGY FUELS AUSTRALIA - WEBSITE Further company coverage: WES.AX
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Reuters - 2 months ago

Australian pharma firm Genetic Signatures gains as Bell Potter lifts PT

BUZZ-Australian pharma firm Genetic Signatures gains as Bell Potter lifts PT ** Shares of Australia's Genetic Signatures GSS.AX rise as much as 6.2% to A$0.78, their highest since early June ** Analysts at Bell Potter raise PT on the pharmaceutical company to A$1.1 from A$0.75; keep stock rating at "Buy" ** Brokerage says FY25 set to be positive ye
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Reuters - 3 months ago

Sticky inflation restricts 1H gains for Aussie staple consumer firms

BUZZ-Sticky inflation restricts 1H gains for Aussie staple consumer firms ** Australian staple consumer stocks .AXSJ on track to gain a meagre 1% in 1H24, underperforming the broader benchmark index .AXJO ** Top Aussie supermarket chain Woolworths Group WOW.AX has lost 9.6% in 1H24, eyeing its worst half-year since 2016 ** Sticky inflation across the spectrum has meant consumers are cutting down on spending ** Westpac senior economist says pessimism prevails among consumers and high inflation ha
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