Asciano, cap in hand
April 29, 2008
Asciano boss Mark Rowsthorn will have been heartened by the success of the recent Wesfarmers issue as he works out the best way to raise capital without spooking an already sceptical investor base.
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 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 shares up with rising success
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 shares rebound after...
Wesfarmers shares rebound as retailer says its outlook remains positive.
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 plans to raise $2.5 billion
Wesfarmers says it will sell new shares as it aims to raise $2.5 billion.
Wesfarmers in trading halt
Share trading in Wesfarmers was halted today ahead of a retail entitlement offer.
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 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 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 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 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 plans fresh look for Coles
Wesfarmers plans to improve fresh produce offerings at Coles after noticing shoppers buying perishables elsewhere.
Wesfarmers raises $710m in US bond issue
Wesfarmers is raising about $710 million in a bond issue in the United States.
ASX buoyed by earnings results
The Australian share market closed firmly in the black as solid earnings results from Telstra, Qantas, Fairfax and other major companies.
02/21/08
Similar news about Qanta Airways
Wesfarmers gas shock
Wesfarmers says pretax earnings may be cut by $20 million per month due to the gas outage in Western Australia.
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 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 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 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.