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Wesfarmers to buy Homebase for 340m

2016-01-18 08:15:51| BBC News | Business | UK Edition

Australian retail giant Wesfarmers agrees to buy UK DIY chain Homebase from Home Retail Group for 340m.

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Bunnings to roll out in UK: Wesfarmers buys Homebase for $752 million

2016-01-18 06:05:42| Agriculture - Topix.net

Wesfarmers will spend over a billion dollars rolling out the Bunnings hardware brand to the United Kingdom and Ireland within five years, following the NZ$752 million acquisition of home improvement chain Homebase. The Coles owner confirmed on Monday that Homebase's parent company, Home Retail Group, had approved its bid for the chain, which is the second largest in its market.

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Wesfarmers, Mineral Resources back Hazer Group float

2015-12-02 08:10:24| Agriculture - Topix.net

Two prominent Perth companies have put their weight behind the state's newest technology listing, Hazer Group, which finished its debut trading day at a slight premium on Wednesday. Upon listing, Chris Ellison's mining services company Mineral Resources was the company's third largest shareholder with 2 million shares for a 3.27 per cent stake.

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Wesfarmers chief Richard Goyder says Australian coal should help the world cut emissions

2015-11-12 15:01:06| Agriculture - Topix.net

Wesfarmers managing director Richard Goyder said the Perth-based conglomerate's resources business would be "difficult for the foreseeable future" but it remained committed to its coal assets. Speaking after the company's annual meeting in Perth, Mr Goyder stressed Australian coal should be viewed as helping combat climate change in a world where emerging Asian economies continued to grow.

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Coles, Bunnings, Kmart shine for Wesfarmers

2015-10-22 01:37:02| Grocery - Topix.net

Coles and Bunnings continue to shine for Woolworths, while Kmart also recorded strong sales growth as Wesfarmers released its first quarter update. Food and liquor sales at Wesfarmers' grocery businesses including Coles grew by 4.7 per cent to $7.6 billion and 3.6 per cent on a like for like basis in the first quarter of fiscal 2016.

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