Wesfarmers
Updated
Earnings season
Australia’s love for Kmart’s Anko drives profits higher for $85b giant
The cost-of-living crisis and “dupe” culture are leading to surging sales for Kmart’s in-house brand Anko – and profits for its $85.4 billion ASX-listed parent company.
- by Jessica Yun
Latest
Adam Bandt pledges to supersize corporate taxes
To sweeten the deal, the Greens say much of the revenue would pay for cost-of-living measures, such as including dental cover in Medicare.
- by James Massola
Lithium crash to cost 300 jobs at miner in WA
The world’s largest lithium producer will slash production of the battery ingredient in WA, prompting the federal government to consider bringing forward planned assistance.
- by Peter Milne
Opinion
Federal budget
Coalition slams the billionaires’ budget as miners cheer
The likes of Andrew Forrest and Gina Rinehart’s companies will receive an indirect boost to mine and process critical minerals or develop green hydrogen.
- by Elizabeth Knight
Bunnings grilled at supermarket inquiry for squeezing suppliers and shelving boss
Senators driving the inquiry into supermarket prices have slammed the hardware giant for its treatment of plant and flower suppliers and the absence of managing director Michael Schneider.
- by Jessica Yun
Updated
World markets
ASX slides despite Wall Street rebound
Rate-sensitive sectors including consumer stocks dragged the local sharemarket lower, despite a US equities rebound overnight following its steep sell-off.
- by Millie Muroi
Updated
Supermarkets
‘Not a supermarket’: Bunnings rejects calls to be included in grocery code
Woolworths and Greenlife Industry Australia have formed an unlikely alliance against the hardware giant, whose managing director says the industry code of conduct is for grocery retailers.
- by Jessica Yun
Opinion
Voice to parliament
Big donating companies risk being seen as warriors for the woke
Why shouldn’t taking a stand (either way) on the Voice be seen as part of a company’s environmental and social governance responsibility?
- by Elizabeth Knight
Opinion
Fashion Week
Is Kmart fashion? This front row doesn’t care
Affordable fashion has infiltrated the runway at a once-prestigious fashion festival – and it’s like a television commercial come to life.
- by Damien Woolnough
Electric vehicle demand supercharges lithium hopes as new mine opens east of Perth
Wesfarmers and its Chilean partner SQM are bullish about lithium’s future despite low prices causing current players to curtail growth plans.
- by Peter Milne
Updated
Earnings season
Shoppers will keep flocking to Kmart amid persistent inflation: Wesfarmers CEO
Retail conglomerate Wesfarmers has seen its profits rise in the December half, thanks to shoppers flocking to the discount department store in the cost-of-living crunch.
- by Jessica Yun
Original URL: https://www.theage.com.au/topic/wes-1np