In 2016, Wesfarmers (ASX:WES) raised the eyebrows of many investors when it expanded into the UK and Ireland hardware business. Two years later and $1.7 billion down on its investment, WES has decided to pull out. It shows yet again why growth through acquisition can be a risky strategy. Show More
Recently, Wesfarmers Limited (ASX: WES) announced its intention to demerge the Coles business into a separate ASX-listed company. While WES will retain up to a 20 per cent stake in Coles, the demerger effectively splits the company into two separate entities, with WES owning Bunnings, Kmart, Target, and Officeworks, as... Show More
Aussie companies have a mixed record when venturing overseas. But in early 2016 Wesfarmers had a great history of building wealth for shareholders – an investment in the company’s shares in 2000 returned nearly 17% per year while the Australian market, including dividends, returned 8% a year over the same... Show More
Wesfarmers (WES) posted a largely in-line with consensus 22.1% lift in annual profit (excluding significant items) to $2.73bn. The result was driven by a lift in earnings at its Bunnings stores and a return to profitability for its coal mining business, thanks to the surging price of the commodity. This... Show More
Head of Research Nathan Bell explains what Amazon's recent bid for US grocer Whole Foods means for grocery retailers at home and abroad such as Coles and Woolworths, while highlighting an undervalued cable TV and broadband provider that the market's forgotten. Show More
Wesfarmers (WES) reports better than expected lift in first half net profit to $1.58 billion thanks to a strong lift in revenue from its resources unit For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason Show More
CommSec Advisory’s Blair Hannon speaks with Tom Piotrowski about upcoming earnings results due this week from Domino’s Pizza, Wesfarmers and Telstra For all the latest market news, visit https://www.commsec.com.au/market-news/the-markets.html Show More
Qantas Airways Limited (QAN) reported a record underlying profit before tax of $1.53 billion, up 57% from $975 million, the best result in its 95 year history. Qantas also saw revenue increase by 2% to $16.2 billion: Wesfarmers Limited (WES) posted a full year Net Profit after Tax of $407... Show More
Tom Piotrowski speaks with CommSec Advisory’s Nicky Kritikos about Metcash's FY Results & Wesfarmers' Strategy Briefing on Wednesday Show More
Wesfarmers (WES) fell short of consensus with its 1.2% rise in half year profit to $1,393 million. The result was driven by its Coles and Bunnings businesses and held back by losses in its resources operations For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason Show More
For decades there has been a small number of Australian business that have enjoyed the benefits of operating in an oligopoly, however now more than ever these business face disruptions and stiffer competition from competitors. This month Australian Large Cap portfolio manager David Moberley will take a look two such... Show More
On Thursday, Wesfarmers (ASX: WES) announced an offer to acquire United Kingdom DIY retail chain Homebase from Home Retail Group for £340 million (A$700 million). The company plans to rebrand the Homebase chain of 265 stores across Britain and Ireland as Bunnings. Wesfarmers said the British home improvement and gardening... Show More
Have you ever bought anything off Amazon.com? Chances are you have made multiple purchases or at the very least, browsed the site. In a mere 21 years, Amazon.com has grown from a humble online bookseller to become one of the largest retailers in the world. Its current market capitalisation is... Show More
Wesfarmers (WES) has posted an in-line with consensus 9.3% drop in annual profit to $2,440m. The result was driven by Coles and held back most by the sale of its insurance business (which added more than $1bn to the FY14 result) For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason Show More
Earlier this month I travelled to Europe and the UK to undertake a detailed assessment of the supermarket sector. These markets are further down the road than Australia in terms of the disruption from discount supermarkets like Aldi, so it is useful for us to analyse the situation there in... Show More
Good Morning, Show More
How we beat the street. Thursday 21st November was the one-month anniversary of the FE 200 model portfolio. It's been a great month - returning 2.5% more than the ASX 200! This is because of good quality companies with better earnings prospects. But our banking sector call helped a lot... Show More