News Articles for Wesfarmers

Sydney-based AGL Energy has said it would lose around $15 million in a bid to enter the Western Australian domestic gas market in the 2018 financial year, after it lodged a retailing application with the state's Economic Regulatory Authority.

Western Australian businesses contributed nearly $2 million to the two major political parties in the 2016 financial year, according to recently released disclosures, while trade unions gave about $1.1 million directly to the local branch of the Labor Party.

Wesfarmers' coal mining business is doing better than originally expected, thanks to higher coal prices and improved output.

WA Senator Rod Culleton says he will appeal against a Federal Court ruling that he is bankrupt as he fights to save his political career.

The proposed part sale of Western Power is not the only move towards increased private investment in the utilities sector.

No sooner have retailers modified their business model to deal with a new technology than along comes a fresh challenge to the sector.

Perth's domestic gas users could have a choice between four retailers by July next year, with Sydney-based utility Origin Energy putting forward an application to the Economic Regulation Authority to enter the market.

The 12-year old scandal over the Australian Wheat Board's payments to the government of Iraq has moved closer to final resolution, with its former chairman Trevor Flugge convicted today of breaching his duties as a director but cleared of more serious charges concerning his knowledge of the payments.

SPECIAL REPORT: Big businesses are employing an increasing share of the WA workforce, while the services-oriented economy maintains its growth, the latest BNiQ Biggest Employers survey has uncovered. Click through to see details on Western Australia's 170 largest employers.

Dr Chris Pointon has been appointed independent non-executive chair of Avenira following the passing of non-executive chair Richard Block.

Bunnings' long-serving chief executive John Gillam has announced he is stepping down from the role, but will continue to serve the business as an adviser.

Seventeen Perth-based startup organisations have been selected to participate in the KPMG Energise and OzAPP Awards accelerator programs to help grow their businesses.

Donald Trump's surprise victory in the US election two weeks ago is already having ramifications for world trade, with his confirmation today he will withdraw from the Trans Pacific Partnership likely to spark a recalibration of plans among nations in the region.

SPECIAL REPORT: The detailed reporting of remuneration by listed companies means it should be easy to determine the state's best-paid chief executive, but the reality is more complicated.

Retail and mining conglomerate Wesfarmers is considering offloading its east coast coal operations following a doubling of coal prices since June.

AGL Energy is set to take on Alinta Energy and Wesfarmers' subsidiary Kleenheat in Western Australia's retail gas market, with the company targeting 100,000 customers within two years.

Wesfarmers chairman Michael Chaney has criticised US President-elect Donald Trump's threat to end the Trans-Pacific Partnership (TPP) free trade deal, saying restricting free trade causes economic stagnation.

There is not a crisis at Wesfarmers, that's the good news, but there's certainly a problem – and it's starting to worry investors.

SPECIAL REPORT: Arts and cultural organisations are pursuing innovation and collaboration to help manage the tougher financial conditions in WA.

Wesfarmers-owned supermarket giant Coles' sales growth has eased for a third consecutive quarter amid stiff competition from Woolworths and Aldi.

One Nation Senator Rod Culleton has again failed in his bid to challenge a three-year-old court judgment ordering him to pay $205,000 in damages to former Wesfarmers director Dick Lester.

Wesfarmers chief executive Richard Goyder has taken a substantial pay cut with a halving in his short-term incentive payments after a year in which his Coles-owning conglomerate took a hefty hit to profits.

The Australian share market has continued on its downward path, with banks and retail-focused shares weighing despite a bounce in the energy sector.

ANALYSIS: No-one knows how long it might take for Wesfarmers' foreign foray to bear fruit, and at what cost.

The WA Deaf Society, an organisation established almost 100 years ago, has welcomed its first deaf chief executive.

With CBH Group in the midst of an internal review of its structure, Business News thought it an opportune time to sit down with CEO Andrew “Andy” Crane at Julio's in West Perth to discuss his career to date, and the grain cooperative's future.

A judgement ordering One Nation senator-elect Rod Culleton and his wife to pay former Wesfarmers director Dick Lester more than $200,000 in damages has been upheld.

Strong profit results from Wesfarmers' Coles and Bunnings stores have been overshadowed by hefty write-downs linked to Target and its coal assets.

With five decades of experience in the banking and corporate sectors, there was no shortage of issues to be discussed when Tony Howarth sat down to lunch with Business News at the newly reopened Julio's restaurant.

The short selling of shares in some of Australia's biggest retail stocks suggests investors are concerned about the sector's future.

Mineral sands miner Iluka Resources has revealed it is in takeover talks with London-listed Sierra Rutile, an Africa-focused miner with a market cap of about $400 million.

As part of its series of interviews with top WA business leaders, Business News joined Broadspectrum chairman and Wesfarmers board member Diane Smith-Gander for lunch at the newly opened Julio's restaurant in West Perth. A champion of gender equity, Ms Smith-Gander shared her thoughts on topics including the WA economy, her use of Twitter, and work-life balance.

Chief executive salaries in WA are continuing to ratchet down, and companies are seeking more flexibility, a study of nearly 30 new appointments this year has found.

SPECIAL REPORT: The dramatic rise and fall of iron ore producers and the recent surge in gold and lithium stocks have been highlighted by a historic review of WA's major listed companies.

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.

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

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

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

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