Wesfarmers to sell $1.1 billion in Coles shares

Wesfarmers (ASX: WES) is cashing in on the phenomenal rise of retailer Coles Group (ASX:COL) since it demerged 15 months ago. Coles shares have risen by more than a third since then, leading Wesfarmers to announce it has agreed to sell 4.95 per cent of issued shares which at today'...

Wesfarmers to sell $1.1 billion in Coles shares
Brisbane pub The Elephant Hotel sold for $20m
Brisbane pub The Elephant Hotel sold for $20m

Iconic Brisbane pub The Elephant Hotel has been acquired by a Sydney-based hospitality operator for $20 million. ...

$20m staff underpayment casts shadow over Coles results
$20m staff underpayment casts shadow over Coles results

Update: Since this story was published, Coles' former parent company Wesfarmers has announced it will sell aro...

Bod hits the ground running in 2020
Bod hits the ground running in 2020

Medicinal cannabis producer Bod (ASX: BDA) is off to a strong start in 2020, reporting January as its third-larges...

No kidding? Goat's milk purveyor Bubs scores Woolies deal
No kidding? Goat's milk purveyor Bubs scores Woolies deal

Shares in infant dairy formula company Bubs Australia (ASX: BUB) jumped almost 12 per cent this morning after a ne...

Whispir revenue rises 20 per cent
Whispir revenue rises 20 per cent

Some of the sheen may have worn off for investors in cloud communications software as a service (SaaS) company Whi...

Love rectangle for National Storage as third suitor confirmed
Love rectangle for National Storage as third suitor confirmed

As the saying goes, good things come in threes. At least that's what management at National Storage REIT (...

Kogan Marketplace revenue soars, pushing profit to new heights
Kogan Marketplace revenue soars, pushing profit to new heights

The launch of Kogan Marketplace has done wonders for the online retailer's bottom line, with Kogan.com (ASX: K...

AP Eagers: Holden withdrawal impacts still uncertain
AP Eagers: Holden withdrawal impacts still uncertain

Car retailer AP Eagers (ASX: APE) expects General Motors (GM) will be "fair and reasonable" with compens...

Redbubble founder retakes control
Redbubble founder retakes control

The founder of artwork marketplace Redbubble (ASX: RBL) has taken back the reins at his company after the CEO got ...

Dead end for Holden after 160 years as GM calls it a day
Dead end for Holden after 160 years as GM calls it a day

The brake lights are on for Holden in Australia and New Zealand after General Motors (NYSE: GM) announced the 160-...

Aussie and South African macadamia growers unite under global brand Marquis
Aussie and South African macadamia growers unite under global brand Marquis

Australia's largest macadamia processors and marketers have consolidated with a South African grower consortiu...

Bendigo and Adelaide Bank to raise $300m after profit drop
Bendigo and Adelaide Bank to raise $300m after profit drop

Bendigo and Adelaide Bank (ASX: BEN) has followed up a lukewarm half-year result with plans to raise $300 million ...

Rusty market hits GWA profit
Rusty market hits GWA profit

Bathroom and kitchen fixture distributor GWA Group (ASX: GWA) has beaten the market's performance in Australia...

Melbourne's Top Companies revealed
Melbourne's Top Companies revealed

High-profile exits have cleared the path for a host of new players in this year's Melbourne Top Companies list...

Melbourne Top Companies 11-20
Melbourne Top Companies 11-20

By the time you reach the Melbourne Top 20 ASX-listed companies, any movement in position becomes a matter of bill...

Melbourne Top Companies 21-30
Melbourne Top Companies 21-30

Melbourne's top companies are a diverse bunch, and that's certainly the case with this cluster slap bang i...

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Companies

$20m staff underpayment casts shadow over Coles results
$20m staff underpayment casts shadow over Coles results

Update: Since this story was published, Coles' former parent company Wesfarmers has announced it will sell aro...

Property

Brisbane pub The Elephant Hotel sold for $20m
Brisbane pub The Elephant Hotel sold for $20m

Iconic Brisbane pub The Elephant Hotel has been acquired by a Sydney-based hospitality operator for $20 million. ...

Opinion

Fear spreads easily. That's what gives the Wuhan coronavirus economic impact
Fear spreads easily. That's what gives the Wuhan coronavirus economic impact

One way to count the cost of the Wuhan coronavirus is by how many people catch it, and then how many die. Another ...

Leadership

oOh!media founder and CEO to step down after 30 years
oOh!media founder and CEO to step down after 30 years

The founder of oOh!media (ASX: OML) Brendon Cook has announced his intention to step down from his role of managin...

Entrepreneurship

Could this startup's drone technology revive bushfire-ravaged Australia?
Could this startup's drone technology revive bushfire-ravaged Australia?

From creating hyper-detailed maps to delivering burritos and online shopping orders, companies are finding myriad ...

Technology

How Roots' ag-tech solution could help alleviate malnutrition
How Roots' ag-tech solution could help alleviate malnutrition

There is little doubt that fluctuating temperatures and inconsistent rainfall are having a negative impact on crop...

Court gives green light to $15 billion TPG-Vodafone merger
Court gives green light to $15 billion TPG-Vodafone merger

Australia's competition watchdog laments the loss of a "once-in-a-generation opportunity" for m...

Finance

Zip Co to raise $60 million for global expansion and SME business
Zip Co to raise $60 million for global expansion and SME business

Buy-now-pay-later (BNPL) company Zip Co (ASX: Z1P) entered a trading halt this morning before announcing a $60 mil...

Marketing

Adapt or Die: Our 2020 Strategic Marketing Guide
Adapt or Die: Our 2020 Strategic Marketing Guide

With a new decade now upon us, I feel that it is the perfect time for a spot of reflection on the years behind and...

Executive Lifestyle

Photo Auction to take emerging Australian artists to the world
Photo Auction to take emerging Australian artists to the world

With its launch into Australia last November, Photo Auction hoped to add yet another market to its fast-growing fo...

Conference And Events

Tsitsipas, Djokovic and more to entertain Brisbane tennis fans at ATP Cup
Tsitsipas, Djokovic and more to entertain Brisbane tennis fans at ATP Cup

"It's the strongest list on paper that Brisbane tennis fans have ever seen," says Tennis Queensland ...

Video

From Zambrero stores to TV comedy: SS Group enters the media kitchen
From Zambrero stores to TV comedy: SS Group enters the media kitchen

"Don't put all your eggs in one basket." It's the mantra young entrepreneurs Scott and Shae ...

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