Is Potash Sniffing Around Fertilizer Maker Incitec?
Australia has caught a whiff of a rumor that the Canadian fertilizer giant may be eyeing one of its major agrochemicals producers, but analysts remain skeptical that a deal will materialize.
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.
Orica has firepower for acquisitions
Orica is looking for acquisitions to add to its explosives businesses, a day after announcing it will spin off its consumer products division.
07/22/08
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Corporate activity slows in retail space
A slowdown in mergers and acquisitions in the retail and consumer sector is expected to continue into 2009, an industry survey has found.
CBA considers insurance buys: Citigroup
The Commonwealth Bank will seriously consider making a big acquisition in the general insurance space if one arose, a broker says.
Restless nights for sleep disorder...
ResMed is the archetypal case of a stock out of favour.
07/01/08
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Resmed asleep, Centro a goner
ResMed is so out of favour with the institutional market that it has fallen into the purview of corporate predators - while Centro is a goner.
07/01/08
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Former Coles CFO joins Healthscope
Former Coles Group CFO Gary Kent has been appointed CFO of Healthscope, as its current financial boss, Josef Czyzewski, steps into a new role.
Asciano, cap in hand
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 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 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 denies buying a bad apple
THE managing director of Wesfarmers has denied that earnings at its supermarkets and bottle shops have gone backwards.
Wesfarmers tips strong earnings growth
Wesfarmers expects earnings this financial year to increase significantly after delivering a rise in annual profit.
Be patient: Wesfarmers boss insists...
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,...
Wesfarmers forecasts strong earnings
Wesfarmers, the owner of Australian retailer Coles, expects earnings this financial year to increase significantly after delivering a rise in annual profit.
Supermarkets not to blame for food price rises
Investors in the big supermarket chains have little reason to fear Australia's profitable grocery duopoly will suffer from costly regulation as a result of a competition inquiry.
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.
Linde eyes ResMed
Sleep disorder company ResMed is being stalked by German industrial and medical gases giant Linde.
Base metals lead market into the red
THE sharemarket was dragged into the red by mining giants Rio Tinto and BHP Billiton, which fell heavily in response to lower base metals prices overnight.
Coles has long way to go, says...
THE managing director of Wesfarmers, Richard Goyder, has delivered his first profit result since the company's transforming acquisition of the Coles Group, revealing strong...
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.
Banks lead way as shares climb
The Australian sharemarket closed higher yesterday as Westpac's proposed takeover of St George enlivened the banking and financial services sector.
Wesfarmers share up with raising success
Shares in Wesfarmers rose after the group raised $940 million from the sale of shares to institutional investors.