Wesfarmers shares up with rising success
April 28, 2008
Wesfarmers shares rose 1.8 per cent Monday after the company finalised part of a $2.5 billion equity raising and opened it to retail shareholders.
Wesfarmers ends share offer
Wesfarmers has successfully completed the institutional leg of its $2.5 billion equity raising to help pay for the acquisition of the Coles supermarket chain.
Wesfarmers completes $1.8bn refinancing
Wesfarmers has completed a $1.8 billion refinancing priced at an all-in of 100 basis points including fees, nearly triple the cost of the loan being replaced.
Wesfarmers shares rebound after...
Wesfarmers shares rebound as retailer says its outlook remains positive.
Wesfarmers plans to raise $2.5 billion
Wesfarmers says it will sell new shares as it aims to raise $2.5 billion.
Shares in Wesfarmers halted
Shares in Wesfarmers are placed on a trading halt amid reports that it is planning a multi-billion dollar capital raising.
Wesfarmers in trading halt
Share trading in Wesfarmers was halted today ahead of a retail entitlement offer.
Wesfarmers to keep 'improving' Kmart
Wesfarmers has decided to hang on to Coles' underperforming Kmart outlets after the general merchandiser showed signs of recovery in the first half.
Wesfarmers plans fresh look for Coles
Wesfarmers plans to improve fresh produce offerings at Coles after noticing shoppers buying perishables elsewhere.
Wesfarmers raises $US650m
Wesfarmers, Australia's biggest home improvement chain, raised $US650 million in its debut offering of US dollar bonds after dropping plans to issue 10-year notes.
Wesfarmers under sell-off pressure
WESFARMERS is coming under pressure from international credit markets to offload parts of its disparate empire to underpin efforts to refinance $4 billion of short-term debt used to pay for its purchase of Coles.
Wesfarmers H1 profit up to new record
Wesfarmers' $20 billion acquisition of Coles Group has helped fill its coffers with a record interim profit.
Wesfarmers gas shock
Wesfarmers says pretax earnings may be cut by $20 million per month due to the gas outage in Western Australia.
Wesfarmers chairman to step down
Wesfarmers chairman Trevor Eastwood will step down from the post in November to be succeeded by current deputy chairman Bob Every.
Wesfarmers announces H1 record profit
Wesfarmers Ltd, which took over Australia's second biggest retailer Coles last year, has lifted first half earnings by 53.3 per cent.
Wesfarmers raises $710m in US bond issue
Wesfarmers is raising about $710 million in a bond issue in the United States.
Wesfarmers pays premium on debt
WESFARMERS has paid a premium to refinance about 18 per cent of the $4 billion in short-term debt it must repay its lenders by October, paying a rate higher than any other...
Wesfarmers hit by credit squeeze
THE continuing global credit market squeeze has again intensified concerns about the ability of highly leveraged Wesfarmers to refinance almost $4 billion in debt by October, the company yesterday refusing to deny rumours that it baulked when asked to stump up interest at four percentage points above the cash rate.
Wesfarmers flags better Coles produce
Wesfarmers Ltd decided to improve fresh produce offerings at its $20 billion Coles supermarket business after noticing shoppers buying perishables elsewhere.
Wesfarmers denies buying a bad apple
THE managing director of Wesfarmers has denied that earnings at its supermarkets and bottle shops have gone backwards.
Wesfarmers expecting solid growth
Coles owner Wesfarmers has delivered a 33.6 per cent rise in annual profit and expects solid growth again this year despite a tougher economic environment.
Wesfarmers to keep Kmart
Wesfarmers has decided to hang on to Coles' underperforming general merchandise arm Kmart.
Wesfarmers to keep Kmart
Wesfarmers has decided to hang on to Coles' underperforming general merchandise arm, Kmart.
WA gas woes hit Wesfarmers earnings
Wesfarmers says its pre-tax earnings will be cut by up to $20 million a month, as the company feels the impact of gas outages in Western Australia.
Wesfarmers expects 5-year Coles overhaul
Wesfarmers says it will take five years to overhaul Coles, and expects sliding consumer sentiment to take a toll on its other retail businesses.