News Articles for Wesfarmers

End budget 'chaos': business

Wesfarmers expects to free up $400 million of capital after establishing a joint venture with unlisted property fund manager ISPT.

Diversified national business Wesfarmers has appointed Melbourne-based Jennifer Westacott to its board of directors.

Wesfarmers' inexorable shift from its Western Australian roots has continued with the announcement this week that Jennifer Westacott will join its board, ensuring that the Perth-headquartered congl

WESFARMERS and the University of Western Australia are joining forces in a new multi-million dollar project to boost the study of Australian history at both tertiary and secondary levels.

This year's candidates again proved what a wealth of talent we have in WA.

Steve Gostlow's punt on Tox Free Solutions is starting to pay dividends.

Fresh from announcing plans to develop the Iron Valley mine in the Pilbara, Mineral Resources has become the eleventh Western Australian company in the S&P/ASX 100 Index.

Australia Day awards

Wesfarmers has announced that the current managing director of its insurance division, Rob Scott, has been appointed finance director of Coles.

Gina Rinehart's private company Hancock Prospecting Pty Ltd has belatedly revealed the scale of its income and profits by lodging annual returns for 2010 and 2011 with the Australian Securities and

Tougher economic times and increased scrutiny have put a cap on the growth of executive remuneration.

RETAIL giants Wesfarmers and Woolworths continue to employ more people in Western Australia than any other private sector employers, with the introduction of Sunday trading boosting part-time and c

Wesfarmers has received a boost, with Moody's upgrading its issuer and senior unsecured long term debt rating from Baa1 (positive) to A3 (stable).

A PARTNERSHIP between Woodside and national arts organisation Big hART, which delivered an arts program to youth in Roebourne, was among the winners at this year's Australia Business Arts Foundatio

AUSTRALIA'S two major ammonium nitrate producers are punting $1.3 billion that the mining boom has enough legs to justify their investment in new production capacity.

Treasury in spending wake-up call – The Fin; Improve productivity or 85,600 jobs go, PM warned – The Aus; Wesfarmers plans $2bn expansion – The Fin; Sino Iron project faces new delay – The Aus; Mining tax adds $65m to MinRes' bottom line – The West

A DECADE ago, engineering and construction contractor Monadelphous Group just made it into a listing of the state's 50 largest companies, with a market capitalisaton of $71 million.

Finding big WA winners on the stock market has been hard work during the past 12 months, and even the past five years.

AS the world enters its fifth year of economic turbulence and even the best-insulated businesses in Western Australia are being affected, the factors that determine business influence in this state

One of Australia's most highly paid executives, the head of Coles supermarkets Ian McLeod, has signed up to extend his contract.

THE average tenure for a managing director of Wesfarmers is about 13 years, which puts its current chief Richard Goyder at about the mid point if he continues in the role.

The controversy over David Gonski's Future Fund appointment overshadowed a thought-provoking address on corporate governance.

There are some first-rate local stocks out there if you look beyond the headlines.

THREE corporate advisory firms, each with a very different profile, stood out as market leaders in the mergers and acquisitions sector last year.

Perth-based specialty minerals company Wolf Minerals will raise $80.1 million through debt fund facilities to finance construction of its Hemerdon tungsten and tin project in Southwest England.

THIS year's salary survey shows that it's not just the chief executives at the top end of town who have mouth-watering incomes.

Changes to Wesfarmers' remuneration policies have shone a bright light on the company's results.

Five years of WA salary surveys show some chief executives appear to be remarkably well paid relative to the size of their business and the returns they have delivered, while others offer great value for money.

THREE trends stand out when the salary packages of newly appointed chief executives at Western Australian companies are examined.First,the bigger the company the higher the salary.

Executive remuneration is a hot political issue but the controversy does not seem to have slowed growth in pay packets at WA companies.

WESFARMERS will become the National Gallery of Australia's indigenous art partner from 2012, increasing its funding to $1.4 million.

The sale of coal assets to foreign interests is a blow for WA's future energy needs.

Foreign ownership of Collie coal will have positive long-term outcomes.

The foreign ownership of Western Australia's two coal miners raises concerns about the long-term security of the state's power supplies, Premier Colin Barnett says.

The state government has reacted critically to the sale of Wesfarmers' Premier Coal business, with premier Colin Barnett expressing concern over the state's two coal mines being in&n

WESFARMERS has signed on as a principal partner of the West Australian Symphony Orchestra for 2012 in a five-year role that will significantly increase its level of support.