BHP, Wesfarmers results to set market tone
August 15, 2008
Australian stocks are set for a volatile week ahead as investors digest a flurry of earnings reports and try to guess where interest rates are heading and the extent to which the global economy is slowing.
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.
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 denies buying a bad apple
THE managing director of Wesfarmers has denied that earnings at its supermarkets and bottle shops have gone backwards.
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 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 gas shock
Wesfarmers says pretax earnings may be cut by $20 million per month due to the gas outage in Western Australia.
Wesfarmers hints at grocery price war
Coles owner Wesfarmers Ltd says it will continue to absorb increased food costs because it wants to build "price trust" with shoppers.
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.
ASX closes lower after financials fall
The Australian share market closed lower after falls from the financial sector, with Babcock & Brown suffering a heavy loss amid a drop in interim profit.
ASX lower led by financials, resources
The Australian share market closed more than two per cent lower, dragged down by the resource and financial sectors and a weak lead from Wall Street overnight.
Wesfarmers in trading halt
Share trading in Wesfarmers was halted today ahead of a retail entitlement offer.
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.
ASX marginally in the red
The ASX was marginally in the red at noon, with gold stocks heavily sold off for the second consecutive day on the back of a falling gold price.
Qantas jumbo to debut in October
Qantas has confirmed its new A380 super jumbo will make its debut flight for paying passengers on October 20.
Qantas profit up but outlook uncertain
Qantas expects a 41 per cent fall in profit this financial year as the airline faces the headwinds of rising fuel costs and a slowing global economy.
Qantas reports strong fare sales in US
Qantas is reporting strong fare sales to US tourists and business travellers, despite a fortnight of bad press.
Turmoil for Qantas as craft grounded
QANTAS yesterday grounded a 747 aircraft because a crucial piece of equipment needed urgent maintenance, leaving the plane's tail at risk of breaking away.
Qantas full-year profit up 44%
Qantas has increased its full year profit by 44.1 per cent but says it is starting to feel the effect of higher fuel costs amid an uncertain economic outlook. 
Qantas Probe Focuses on Cylinder
Investigators suspect that an oxygen bottle exploded and punched a 9-foot-long hole in the fuselage of a Qantas jet. Now, Boeing is considering stepped-up inspections of such...
Qantas names Jetstar's Joyce to...
Reuters - Qantas Airways Ltd said on
Monday Alan Joyce will take over as chief executive, taking the
baton from Geoff Dixon who steps down after a string of belt
tightenings...
Qantas names new chief
Qantas names Alan Joyce, the head of its Jetstar offshoot, as chief executive of the airline group.
Qantas CEO retires, replaced by...
Reuters - Qantas Airways Ltd Chief
Executive named Alan Joyce as its new chief executive on
Monday, with Geoff Dixon retiring after eight years heading
Australia's largest...
Qantas jet lands with gaping hole in...
AP - The 346 passengers were cruising at 29,000 feet Friday when an explosive bang shook the Qantas jumbo jet. The plane descended rapidly. Oxygen masks dropped from the ceiling...
Qantas jet lands with gaping hole in...
AP - The 346 passengers were cruising at 29,000 feet Friday when an explosive bang shook the Qantas jumbo jet. The plane descended rapidly. Oxygen masks dropped from the ceiling...