News Articles

Financial Services 11 Jul 2016

‘Speculative’ mining stocks head a varied field of performers

SPECIAL REPORT: Mining stocks are again leading the way in shareholder returns, but this time it's not the iron ore players doing the business.

Opinion 06 Jul 2016

Wesfarmers sticks to its guns on Homebase

Wesfarmers remains confident its move into the British home improvement scene will be a winner, despite recent criticism.

Indigenous 04 Jul 2016

Ochre founder, iWork make connections

SPECIAL REPORT: Indigenous entrepreneur Joanne Pellew must be getting used to racking up firsts.

Appointments 01 Jul 2016

Board moves June 11-29

Auroch Minerals announced that Dr. Andrew Tunks has committed to a full-time role as Auroch CEO.

Mining 29 Jun 2016

Iluka recruits Wesfarmers exec as CEO

Tom O'Leary has resigned as head of Wesfarmers' chemicals, energy and fertilisers division to take the top job at mineral sands miner Iluka Resources, following in the footsteps of his predecessor David Robb.

Mining 22 Jun 2016

Coal unit still of value to Wesfarmers

Wesfarmers isn't seeking to offload its coal mine, despite anticipating what could be a $600 million hit from its embattled resources division.

News 16 Jun 2016

Board diversity improves, but some need to catch up

Women are being appointed to ASX200 boards at a faster rate than ever, but a number of major Western Australian companies remain without any female representation on their boards.

Opinion 08 Jun 2016

Low growth increases the pressure

The clock is ticking for the leaders of some of WA's biggest businesses, beset by low growth and a sluggish outlook.

Cultural Industries 07 Jun 2016

Arts dollars flow to the fringe

After last month's closure of Perth Theatre Company, Business News has delved into the financial reports of arts and culture groups in WA to check on their health.

Retail 25 May 2016

Wesfarmers warns of $2bn profit hit

Wesfarmers' full-year profit will be hit by write-downs and restructuring costs of about $2 billion related to its Target department stores and Queensland coal mine.

Cultural Industries 19 May 2016

Art gallery taps into corporates, startups

The Art Gallery of Western Australia has drawn on old supporters led by Wesfarmers and new partners like a robotics startup to help revitalise its activities.

Opinion 10 May 2016

Costly fallout when business goes bad

A tough business environment is bringing an increasing number of corporate malfeasance cases to the fore.

Mining 06 May 2016

Entrepreneurs see opportunity

WA business leaders have bemoaned the state government's failure to plan for life beyond the mining construction boom, but still see opportunities in other sectors.

Appointments 05 May 2016

Board Moves May 3-5 2016

Stewart Butel will retire as the managing director of Wesfarmers Resources at the end of July. Mr Butel has been associated with Wesfarmers since 2000.

Retail 03 May 2016

Wesfarmers' resources boss to resign

Wesfarmers' resources division managing director Stewart Butel has decided to step down after 10 years in the role.

Opinion 22 Apr 2016

No longer whistling in the wind

Several recent high-profile cases of questionable corporate behaviour that have come to light here, and around the world, have a common element – whistleblowers.

Retail 21 Apr 2016

Target faces more clearances

Wesfarmers has flagged concerns that its discount retailer Target faces higher stock clearances and an ongoing decline in sales growth.

Infrastructure 14 Apr 2016

Efficiency lost if port sale founders

A local academic has warned that failure to privatise the operation of Fremantle Ports could have a negative effect on the competitiveness of the Western Australia's exporting industries.

Regulation 11 Apr 2016

Wesfarmers confirms Target scandal

Wesfarmers has disclosed that $18.1 million worth of supplier rebates had artificially inflated Target's half-year earnings and up to 10 people were involved in the collusion.

Deals 11 Apr 2016

Uncertain outlook for deals

SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market.

Regulation 08 Apr 2016

Target MD resigns

Wesfarmers has announced the resignation of Target managing director Stuart Machin, just days after it confirmed an investigation into accusations that supplier rebates may have artificially inflat

Professions 08 Apr 2016

Tilbrook named deputy chair of AICD

Prominent local business figure Gene Tilbrook has been appointed deputy chairman of the Australian Institute of Company Directors.

Government 08 Apr 2016

BN30 outperforms ASX200 stocks

A group of 30 Western Australian stocks selected by Business News has significantly outperformed the ASX200 in the March quarter, indicating stock investors are optimistic about the state's economic future.

Retail 05 Apr 2016

Wesfarmers probes Target accusations

Wesfarmers has confirmed it is investigating accusations that supplier rebates may have artificially inflated Target's earnings.

Agribusiness 01 Apr 2016

Goyder backs port plan

Wesfarmers chief executive Richard Goyder has thrown his support behind the state government's plan to lease Fremantle Ports, saying the state needs a world-class operator to ensure exports are competitive internationally.

Energy 29 Mar 2016

Kleenheat lifts market share

Wesfarmers subsidiary, Kleenheat, has secured 19 per cent of the state's business market in just its third year of operation, according to general manager Mark Gadsby.

Advertising, Marketing & Communications 29 Mar 2016

Politicians have Klout online

SPECIAL REPORT: Business News CEO and online entrepreneur, Charlie Gunningham, analyses the social media influence of the political and business elite.

Government 29 Mar 2016

Still tough at the top for women

SPECIAL REPORT: The number of women serving on company boards is slowly one the rise, but it's still rare to see a female take the chair, judging by Business News's analysis of Western Australian company directors.

Government 29 Mar 2016

Big fish dominate a shrinking pond

SPECIAL REPORT: There has been a major shift in business influence in WA amid waning international investment and, with two elections on the way, there is a prospect of even bigger changes in political influence. Click through to see our listing of WA's most infliential leaders in politics and business.

Government 16 Mar 2016

Goyder ‘disillusioned’ by effects test

Small business will be better protected against the misuse of market power by bigger players under new changes to competition law, which has been criticised by the Business Council of Australia and Wesfarmers chief executive Richard Goyder.

Retail 08 Mar 2016

Wesfarmers directors sell $12m in shares

Wesfarmers managing director Richard Goyder, finance director Terry Bowen and non-executive director James Graham have sold a combined $12.1 million worth of shares, predominantly for tax purposes.

Energy 08 Mar 2016

EVOL LNG wins Doray contract

Wesfarmers subsidiary EVOL LNG has won a contract to supply LNG to the power station at Doray Minerals' Deflector gold project in the Murchison region for an undisclosed sum.

Cultural Industries 26 Feb 2016

Elip’s fresh take on philanthropy

A unique Western Australian project aimed at challenging the perception that philanthropy is the preserve of a wealthy elite has facilitated its first major donation.

Retail 26 Feb 2016

Woolies loses $3.3bn on Masters exit

Woolworths has appointed a new boss to revive the retail giant, hammered by weak earnings, stiff competition and its failed hardware chain Masters.

Government 24 Feb 2016

Coles, Bunnings drives Wesfarmers growth

Shares in Wesfarmers have slumped after losses from the group's coal mines partly offset Coles' and Bunnings' strong gains.

Agribusiness 17 Feb 2016

GrainCorp in $1bn-plus CBH listing bid

Sydney-based GrainCorp has emerged as a cornerstone investor in a bid to corporatise and list CBH Group, through a complex deal that would deliver up to $1 billion in cash plus share

Energy 10 Feb 2016

Power lobby steps up campaign

A new lobby group associated with influential players in the power industry has warned the state government it risks a voter backlash at the 2017 poll if proposed changes to the sector trigger higher prices to households.

Appointments 09 Feb 2016

Safe Work Australia appoints new chair

Diane Smith-Gander has been appointed as the chairwoman of Safe Work Australia.

Retail 29 Jan 2016

ANALYSIS: Wesfarmers aims to silence critics

The contrasting fortunes of the Bunnings and Masters hardware businesses reflect the broader performance of their relative corporate owners.

Opinion 25 Jan 2016

Big Australian comes back to the field

You probably wouldn't believe it if someone told you that Perth-based retailing specialist Wesfarmers was bigger than global resources leader BHP Billiton, but that was the situation last week on the Australian Securities Exchange as the company led by Richard Goyder quietly slipped past the global mining giant.

News Articles for Wesfarmers

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