BHP, Wesfarmers results to set market...
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...
Stocks close higher driven by miners
The Australian share market closed moderately higher, driven by renewed strength in global miners BHP Billiton and Rio Tinto.
Shares end week on high note
The sharemarket closed in positive territory for the first time since Monday, reflecting gains from the energy and resources sectors.
Stocks stronger for third straight day
The Australian share market marked its third straight day of gains, with the banks making a run higher and strong commodities prices boosting the big miners.
Australian stocks firmer on US lead
The Australian stock market was firmly in the black at noon on the back of third straight day of gains on Wall Street and stronger commodity prices overnight.
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.
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.
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.