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1. • Insurance Australia Group Limited

     • Insurance Australia Group Limited (IAG) today announced it had agreed to purchase the insurance underwriting businesses of Wesfarmers Limited for $1.845 billion, strengthening its position in its home markets of Australia and New Zealand.
     www.iag.com.au › iag-acquire-wesfarmers-underwriting-businesses

     IAG to acquire Wesfarmers' underwriting businesses

2. People also ask

   Are Wesfarmers a true conglomerate?

   • Wesfarmers’ annual results always serve as a reminder of just how few true conglomerates exist in global business. But the group’s 2023 results emphasise how chief executive Rob Scott has quietly tweaked the dials at the $56 billion giant to again emphasise the real strength of the conglomerate structure: diversification.

   Wesfarmers’ profit tells five stories about the economy

   www.afr.com/chanticleer/wesfarmers-profit-tells-five-stories-about-the-economy-20230825-p5dzfb

   See all results for this question

   Are Wesfarmers' earnings fading?

   • Group earnings before interest and tax rose 6.3 per cent to $3.86 billion. Wesfarmers boss Rob Scott says the group’s largest divisions, Kmart and Bunnings, performed particularly well during the year. Ross Swanborough However, Wesfarmers’ chief executive warned that momentum is fading.

   ASX WES: Wesfarmers boss Rob Scott tops expectations - Financial Revi…

   www.afr.com/companies/retail/wesfarmers-profit-tops-expectations-20230824-p5dz7f

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   Why is the Wesfarmers share price 1% higher?

   • The Wesfarmers Ltd ( ASX: WES) share price finished Wednesday's session 1% higher after the company announced the completion of its latest acquisition. The positive reaction comes amid the S&P/ASX 200 Index (ASX: XJO) rising by 0.29% on a reasonably positive day for the ASX share market. Wesfarmers is a major ASX retail share.

   Wesfarmers share price rises amid latest acquisition news

   www.fool.com.au/2023/11/29/wesfarmers-share-price-rises-amid-latest-acquisition-news/

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   Why did Wesfarmers' annual profit rise 48%?

   • REUTERS/Daniel Munoz/File Photo Purchase Licensing Rights Aug 25 (Reuters) - Australian conglomerate Wesfarmers Ltd (WES.AX) said annual profit rose 4.8%, just ahead of analyst forecasts, as elevated living costs sent new shoppers to its budget department store chain Kmart, offsetting the impact of a renovation slowdown on its hardware unit.

   Australia's Wesfarmers boosts profit on Kmart rush as hardware cools

   www.reuters.com/business/retail-consumer/australias-wesfarmers-logs-near-5-annual-profit-rise-2023-08-24/

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3. www.theaustralian.com.au › business › companiesWesfarmers CEO Rob Scott is selling a new story: growth

   www.theaustralian.com.au › business › companies

   May 2, 2024 · A mining truck at the Covalent lithium mine in Western Australia, owned by Wesfarmers. Picture: Cameron England. This is pushing names like Bunnings, or healthcare into new businesses lines while using the power of digital and analytics to bring together the potential of his millions of customers.

   • Author: Eric Johnston

4. www.afr.com › chanticleer › wesfarmers-profit-tellsWesfarmers’ profit tells five stories about the economy

   www.afr.com › chanticleer › wesfarmers-profit-tells

   Aug 25, 2023 · Wesfarmers’ annual results always serve as a reminder of just how few true conglomerates exist in global business. But the group’s 2023 results emphasise how chief executive Rob Scott has ...

5. www.afr.com › companies › retailASX WES: Wesfarmers boss Rob Scott tops expectations

   www.afr.com › companies › retail

   Aug 24, 2023 · Why it matters: The WA-based conglomerate owns Kmart Group, Bunnings and Officeworks. The board has declared fully-franked final dividend of $1.03 per share, bringing total dividends for the year...

   • Author: Carrie Lafrenz

6. www.afr.com › politics › it-s-now-impossible-to-runIt’s now impossible to run Wesfarmers from Perth: Rob Scott

   www.afr.com › politics › it-s-now-impossible-to-run

   Jan 28, 2022 · Wesfarmers chief executive Rob Scott will leave Western Australia within weeks after deciding it is now “virtually impossible” to manage the $60 billion conglomerate while his home state...

   • Author: Julie-Anne Sprague

7. Videos

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     7:30

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     ‘Win for consumers’: Wesfarmers CEO on Kmart’s ‘lowest price positioning’

     Feb 15, 2024

     753 Views

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     5:26

     youtube.com

     How Many Countries Are There?

     Oct 23, 2013

     9.9M Views

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     10:40

     youtube.com

     Bunnings launches drive-through vaccines as Wesfarmers warns of lockdown effect | The Business

     Aug 27, 2021

     4.9K Views

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8. www.fool.com.au › 2023/11/29 › wesfarmers-shareWesfarmers share price rises amid latest acquisition news

   www.fool.com.au › 2023/11/29 › wesfarmers-share

   • Cached

   Nov 29, 2023 · Wesfarmers is a major ASX retail share. It owns Bunnings, Kmart, Officeworks, and Priceline. Other retailers also finished higher today.

9. www.wsj.com › market-data › quotesWES.AU | Wesfarmers Ltd. Company Profile & Executives - WSJ

   www.wsj.com › market-data › quotes

   • Cached

   Overview. Company Info Wesfarmers Ltd. Employees 120,000. Sector Mixed Retailing. Sales or Revenue. Industry Retail/Wholesale. 1Y Sales Change 18.37%

10. www.reuters.com › business › retail-consumerAustralia's Wesfarmers boosts profit on Kmart rush as ...

    www.reuters.com › business › retail-consumer

    Aug 25, 2023 · Aug 25 (Reuters) - Australian conglomerate Wesfarmers Ltd (WES.AX) said annual profit rose 4.8%, just ahead of analyst forecasts, as elevated living costs sent new shoppers to its budget...