Wesfarmers cuts retail share offer
May 22, 2008
Wesfarmers, the conglomerate that owns the Coles supermarket chain, said it had reduced the size of a retail entitlement offer to $530 million equivalent, from $570 million.
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 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 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 in trading halt
Share trading in Wesfarmers was halted today ahead of a retail entitlement offer.
Wesfarmers plans to raise $2.5 billion
Wesfarmers says it will sell new shares as it aims to raise $2.5 billion.
Wesfarmers gas shock
Wesfarmers says pretax earnings may be cut by $20 million per month due to the gas outage in Western Australia.
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 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 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 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 denies buying a bad apple
THE managing director of Wesfarmers has denied that earnings at its supermarkets and bottle shops have gone backwards.
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 Issue to cover Coles buy-up
WESFARMERS is today expected to announce it has succeeded in replacing its $4 billion in short-term debt stemming from its Coles Group acquisition, including a new $800 million...
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.
Be patient: Wesfarmers boss insists Coles changes on track
THE Wesfarmers chief executive, Richard Goyder, has hit back at suggestions the company is taking too long to turn around the Coles Group businesses it acquired last year, saying plans are underway to combat previous under-investment and cultural problems.
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 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 H1 profit up to new record
Wesfarmers' $20 billion acquisition of Coles Group has helped fill its coffers with a record interim profit.
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 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.
Wesfarmers to keep Kmart
Wesfarmers has decided to hang on to Coles' underperforming general merchandise arm, Kmart.