ASX:WES

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ASX:WES

Wesfarmers clocks $2.3b gain on Coles demerger: Aus shares 0.3% higher at noon

14 Jan 2019 - Midday report. ASX200 up 4% in 2019. Wesfarmers (ASX:WES) most popular stock to buy today, Kmart & Target sales rise. Retail Food Group (ASX:RFG) shares gain 12% on s…

Wesfarmers flags $1.7 billion gain from Coles spinoff

14 Jan 2019 - Wesfarmers (ASX:WES) expects to report a gain of between $2.1 to $2.3 billion in its first half earnings on account of the demerger of the Coles supermarket division.

Nine Entertainment see a dip: ASX 0.7% lower at noon

14 Dec 2018 - The ASX has been falling lower through out the morning and is tracking 0.7% lower at noon. Australian Pharmaceutical Industries (ASX:API), saw a rise today after reit…

Flat finish: Aus shares close 0.2% lower

06 Dec 2018 - Flat finish: Aus shares close 0.2% lower. Wesfarmers (ASX:WES) has completed the sale of all the ordinary shares in Coles Group Limited (ASX:COL) required to be sold …

Consumer discretionary sector struggling: ASX tracking 0.6% lower at noon

04 Dec 2018 - The ASX opened lower and continued to drop throughout the early morning, but bounced back before noon and is now tracking 0.6 per cent lower. The Industrials sector w…

US, China trade war truce boosts markets: ASX closes 1.8% higher

03 Dec 2018 - Market Wrap. All sectors lift on US-China 90 day trade war truce with ASX200 up 104 points. Wesfarmers (ASX:WES) completes $860m sale of Bengalla JV stake, resulting …

Nine & Fairfax merger court approved: Aus shares gained 1% Tuesday

27 Nov 2018 - Market Wrap. Federal Court approves Nine & Fairfax merger which buoys ASX. Afterpay (ASX:APT) up 9%. Brickworks (ASX:BKW) up 3.5% on record property contribution. San…

Citi downgrades Wesfarmers: Aus shares close 0.44% higher

23 Nov 2018 - A positive day of trade for the Australian share market. After opening in the red, the market managed to claw out of negative territory and maintained momentum to end…

China positivity continues to flow: Aus shares 0.2% higher at noon

23 Nov 2018 - Mid-session report. Staples & Consumer Discretionary lead on Chinese government import positivity. Wesfarmers (ASX:WES) downgraded to a sell & Citi slashes price targ…

Mining companies shine: Aus shares 0.7% higher at noon

22 Nov 2018 - Mid-session report. Citi says BHP (ASX:BHP) becomes a 'value investor'. BHP a buy, price target $37.50. Saracen Mineral Holdings (ASX:SAR) maintains strong outlook, …

Afternoon rally weighed down by materials: ASX closed 0.5% lower

21 Nov 2018 - Australian shares closed lower despite rallying through the afternoon as some stocks moved away from near two year lows. Energy and material stocks weighed. Healthcar…

Global sell-off in equities and commodities: ASX 0.9% down at noon

21 Nov 2018 - Australian shares saw a heavy fall after the open following on from US stocks that took a tumble. Major banks and miners were leading the fall here, following a globa…

ASX falls to a 20-month low: ASX closes 0.6% lower

20 Nov 2018 - The ASX closed lower but did see an afternoon recovery with the financial index gaining with all big four banks seeing a rise. BHP Billiton (ASX:BHP) also saw gains a…

ASX 4-week low, housing slow-down effects FBU: Aus shares 0.8% lower at noon

20 Nov 2018 - Mid session report. ASX hits 4-week low. Coles demerger of Wesfarmers (ASX:WES) is effective. UBS says WES to see more volatile cash flows. Technology One (ASX:TNE) s…

Financial sector drags: Aus shares close 0.1% lower

16 Nov 2018 - Opened in the black following positive leads from the US, dipped in the afternoon, and closed 0.1 per cent lower. The Info Tech sector was the strongest performing se…

Wesfarmers shareholders approve demerger of Coles

16 Nov 2018 - Wesfarmers (ASX:WES) is pleased to announce that shareholders have approved the demerger of Coles Group from Wesfarmers.

Flat finish: Australian shares close 0.1 per cent higher

15 Nov 2018 - Flat finish: Australian shares close 0.1 per cent higher. Telecommunications, IT and cloud products and services provider Inabox Group (ASX:IAB) has this afternoon ad…

Employment data beats expectations: Aus shares 0.2% lower at noon

15 Nov 2018 - Mid-session report. Oil and iron ore lift. Australia's largest demerger to occur in under a week. Wesfarmers (ASX:WES) spin-off Coles to enter ASX200 with value of $1…

Coles added to top ASX 200 Nov 20

15 Nov 2018 - S&P Global has advised Coles Group is set be added to the ASX200 on 20 November, subject to shareholder and final court approval.

Asia follows with declines: ASX closes 0.99% lower

15 Oct 2018 - Today we saw the ASX end the session almost 1% lower due to a dip before the close. A weaker housing market sees real estate advertising companies down. Asia saw decl…

Wesfarmers announces total Coles sales up 5%

15 Oct 2018 - Wesfarmers (ASX:WES) has released the Coles retail sales results for Q1. Coles Supermarket headline sales for the quarter are $7.7 billion, up 5.8 per cent for the qu…

Global sell-off sees shares slump: ASX to close 2.7% lower

11 Oct 2018 - Aussie stocks were sold off following Wall Street seeing its worst drop in eight months and the Nasdaq losing 4 per cent. All three majors in the US fell more than 3 …

Wesfarmers announce new MD for Officeworks

11 Oct 2018 - Wesfarmers (ASX:WES) has today announced the appointment of Sarah Hunter as Managing Director of Officeworks, Australia's leading retailer and supplier of office prod…

Biggest drop since March: Aus shares close 1.4% lower

08 Oct 2018 - Market Wrap. ASX loses 4 months of gains, biggest drop in 6 months. Beach Energy sees selling on reduced guidance. MYOB shares hit yearly high. Wesfarmers' Coles dem…

ASX nearing 4-month lows: Aus shares 1% lower at noon

08 Oct 2018 - Market at Midday. ASX nears 4-month lows. Wesfarmers (ASX:WES) slides on negative outlook. A2 Milk (ASX:A2M) rallies on upgrade. KKR makes $2.2b takeover offer for MY…