ASX:WES

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ASX:WES

Wall Street lower after jobs data: Aus shares to drop at open

08 Oct 2018 - Aus shares to open lower following negative leads from Wall Street. US jobs report weighed on stocks and boosted treasury yields. Wesfarmers (ASX:WES) has provided de…

Back to June levels: Aus shares close 0.76% lower

13 Sep 2018 - Market Wrap. ASX wipes out Tuesday's gains. Myer gains 37.5% on being upgraded by UBS. WAM Capital (ASX:WAM) makes takeover offer for Wealth Defender Equities (ASX:WD…

Leadership showdown rattles AUD: ASX flat at noon

24 Aug 2018 - The ASX opened higher this morning and is now flat at noon. Healthcare is doing well today and Wesfarmers (ASX:WES) and Woolworths (ASX:WOW) are making mild gains. M…

Record bull run for the S&P500: ASX to open higher

23 Aug 2018 - Following on from mixed leads from US markets, the ASX looks set to open higher this morning. The S&P 500 has shown its longest bull market run. Wesfarmers (ASX:WES) …

Another day of solid gains : ASX closed 0.5% higher

15 Aug 2018 - It has been a positive day of trade for the ASX. Aveo (ASX:AGO) saw gains as did Afterpay (ASX:ATP) and Dominos Pizza (ASX:DMP). Mineral Resources (ASX:MIN) saw a 35…

Turkey crisis and results preview for today

15 Aug 2018 - Fund Manager, Chris Pedersen discusses latest from Turkey and previews results from Fairfax Media, Computershare, CSL, Insurance Australia, Wesfarmers and Woodside Pe…

Wesfarmers full year profit drops 58% to $1.97b

15 Aug 2018 - Wesfarmers (ASX:WES) has reported its net profit after tax (NPAT) fell about 58.3 per cent on FY17 to $1.197 billion for the 2018 financial year.

Turkish troubles as lira plunges: ASX closes 0.4% lower

13 Aug 2018 - The ASX has seen a fall today mainly due to Turkey’s impending financial crisis.The Australian dollar fell to an 18-month low against the US dollar. Meanwhile AuStar …

Wesfarmers to sell Kmart Tyre and Auto Services for $350m

13 Aug 2018 - Wesfarmers (ASX:WES) has today announced plans to sell its Kmart Tyre and Auto Services Business to German automotive manufacturing company, Continental AG for $350 m…

Wesfarmers to sell interest in Bengalla coal mine for $860m

07 Aug 2018 - Wesfarmers (ASX:WES) has today announced it will sell its 40 per cent interest in the Bengalla joint venture thermal coal mine project to partner New Hope Corporation…

Rio throws its weight, ASX down 2nd day: Aus shares close 0.6% lower

02 Aug 2018 - Market Wrap. Rio weighs down ASX and drags other miners lower. Iron ore slips, but its near month highs. Trade surplus jumps to $1.9b, beating $900k expected. Abacus …

How to value a company and focus on Wesfarmers

25 Jul 2018 - Fund Manager, Chris Pedersen explains how to value a company and takes a look at Wesfarmers.

Reversal Monday: Aus shares close 0.93% lower

23 Jul 2018 - Market Wrap. ASX200 back tracks on Nufarm fall and Trump threat. Hometown lodges bidder statement for Gateway, Mayne shines on acquisition, Wesfarmers announces Coles…

Wesfarmers provides update on Coles demerger

23 Jul 2018 - Wesfarmers (ASX:WES) has announced the demerger of Coles is expected to be completed in November 2018 subject to shareholder and other approvals.

News impacting markets and insights on Origin Energy

09 Jul 2018 - Fund Manager, Chris Pedersen gives insights on Global and Australian markets and covers Origin Energy, Consumer Staples sectors and looks at Telstra and ASX stocks.

News impacting local market and what to watch for

04 Jul 2018 - Fund Manager, Chris Pedersen gives insights on Australian markets and covers Mining and Consumer Staples sectors.

Wesfarmers completes sale of Homebase

12 Jun 2018 - Wesfarmers (ASX:WES) has announced the completion of the sale of its UK business Homebase.

Lower for 3rd week: Aus shares close 0.07% down on Friday

25 May 2018 - Market Wrap: Telstra (ASX:TLS) shares continued to move away from their one year low. Resolute Mining (ASX:RSG) made its way to today’s leader board after announcing …

Wesfarmers pulls out of UK Bunnings

25 May 2018 - Wesfarmers (ASX:WES) has agreed to divest the Homebase business in the United Kingdom and Ireland to a company associated with Hilco Capital.

Market update and trading ideas

23 May 2018 - Stock Watch: Fund Manager, Chris Pedersen gives insights into overseas and Australian markets and stocks.

Fifth day of gains on commodity rush: Aus shares close 0.3 per cent higher

19 Apr 2018 - Market Wrap Report. The ASX inked its fifth straight day of gains today with miners leading half of the sectors higher. It comes as commodity prices saw a strong rall…

Wesfarmers takes stock of coal production

19 Apr 2018 - Wesfarmers (ASX:WES) have released their quarterly statement showing completion of the sale of its large scale Curragh coal mine in Queensland to major US metallurgic…

Seven shines on cricket rights win: Aus shares close 0.2% higher

13 Apr 2018 - Market Wrap Report. ASX higher on Friday and higher for the week. Seven West Media (ASX:SWM) shares soared on the back of strengthening its sports free-to-air rights…

Geopolitical tensions ease: Aus shares 0.37% higher at noon

13 April 2018 - Market at Midday. Most sectors trade higher. CBA (ASX:CBA) has entered into an enforceable undertaking with corporate watchdog, ASIC, for an advice fee refund prog…

Lower for week amid trade fears: Aus shares close 0.5% higher on Friday

16 Mar 2018 - Market wrap: Staples shone today, leading most of the sectors higher. It comes as comes as Wesfarmers (ASX:WES) shares gained over 6 per cent after it announced plans…