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 Australian debt facility priced lower than its recent US bond issue.
Wesfarmers shares in trading halt
Shares in Wesfarmers, which last year completed a $20 billion takeover of retailer Coles Group, have been placed in a trading halt pending an announcement.
Wesfarmers aims at $2.5b in equity issue
Wesfarmers plans to raise $2.5 billion in an equity to help refinance a bridging facility set up to acquire retailer Coles Group.
Back to the Wesfarmers chequebook
Michael Evans often bites off more fairy bread than he can chew.
Wesfarmers looks at refinancing options
Wesfarmers says it is considering a number of ways to refinance debt due to mature by October.
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 shares rebound after...
Wesfarmers shares rebound as retailer says its outlook remains positive.
Wesfarmers triples coal export prices
Wesfarmers' coal division has achieved a price increase of almost 230% for metallurgical coal exports from its Curragh mine in Queensland.
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 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 Australian company in the past 18 months for a US bond issue.
Wesfarmers raises $710m in US bond issue
Wesfarmers is raising about $710 million in a bond issue in the United States.
Weak spending to hit Wesfarmers
Wesfarmers says a downturn in consumer sentiment, amid high fuel prices and interest rates, will hit its retail businesses.
Wesfarmers plans fresh look for Coles
Wesfarmers plans to improve fresh produce offerings at Coles after noticing shoppers buying perishables elsewhere.
Wesfarmers to keep Kmart
Wesfarmers has decided to hang on to Coles' underperforming general merchandise arm, Kmart.
Kmart's new owners plan $300m facelift
WESFARMERS plans to spend about $300 million over five years on Kmart, which stuttered and staggered for years under the Coles management.
Wesfarmers to keep Kmart
Wesfarmers has decided to hang on to Coles' underperforming general merchandise arm Kmart.
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.
Coles growth still trailing Woolies
NEW managers appointed by Wesfarmers to the Coles supermarket chain are yet to turn around its falling market share. First quarter sales grew by less than half the amount of its chief rival, Woolworths.
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 coal production largely down
Coal production has dipped at three of Wesfarmers' four Australian mines for the year to March 2008.
Goyder to focus on Coles turnaround
Wesfarmers has created a new senior executive post in charge of its industrial divisions while CEO Richard Goyder devotes more time to the Coles turnaround.
Two senior appointments made at Coles
Coles owner Wesfarmers has made two senior management appointments to help drive the supermarket chain's restructure.
Wesfarmers rules out asset sales
Wesfarmers Ltd chief executive Richard Goyder says the sale of assets is not required for the company to focus on its $20 billion Coles business.
Australian stocks lower at noon
The Australian share market was lower at noon by less than one per cent, with utilities and financials the main laggards.
Wesfarmers posts record first-half...
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.