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Wesfarmers News

News on Wesfarmers (Ticker: WES) continually updated from thousands of sources around the net.

Thursday Jul 3 | Sydney Morning Herald

Market takes Target write-down in stride

The $680 million writedown pinned to Target shouldn't come as a surprise given the business' poor financial performance over the past few years, with the merchandise and apparel chain arguably the weakest performing division scooped up by Wesfarmers when it bought Coles in 2007, analysts said.

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Related Topix: Agriculture, Household Products

Tue Jul 01, 2014

Sydney Morning Herald

Target takes $680m out of Wesfarmers

Wesfarmers will be forced to swallow a $680 million impairment charge on its struggling merchandise and apparel group Target, wiping off nearly one third of the retail chain's goodwill.

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Related Topix: Agriculture, Household Products

The Age

Markets Live: ASX surges higher

The ASX 200 is off to a strong start, up 1 per cent; the Australian dollar hit an eight-month high overnight ahead of important trade data.

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Related Topix: Agriculture, Household Products

Sun Jun 22, 2014

West Australian

Australian market set to open higher

The Australian market looks set to open higher after solid gains on Wall Street with the Dow Jones Industrial Average reaching a fresh high.

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Related Topix: Agriculture, Household Products

Fri Jun 20, 2014

Insurance Journal West

IAG Receives Regulatory Approval for Wesfarmers Underwriting Acquisition

Insurance Australia Group Limited announced that it has received the required regulatory approvals from the Commonwealth Acting Assistant Treasurer for its acquisition of the Wesfarmers insurance underwriting business.

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Related Topix: Agriculture, Household Products

Thu Jun 19, 2014

Scoop

IAG's Lumley takeover gets final regulatory approval

Insurance Australia Group has been given the final regulator's tick to buy Wesfarmers' Lumley general insurance unit, adding to the dominance of New Zealand's biggest general insurer.

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Related Topix: Agriculture, Household Products, Financial Services, Arthur JGallagher , Insurance

Fri Jun 13, 2014

Business Insurance

Australia's Wesfarmers gets regulatory clearance for insurance unit sale to A.J. Gallagher

Wesfarmers Ltd. said it has received all regulatory approvals to sell its insurance broking and premium funding operations for $1 billion Australian to U.S.-based Arthur J. Gallagher & Co., The West Australian reported.

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Related Topix: Agriculture, Household Products, Financial Services, Arthur JGallagher , Insurance

Wed Jun 11, 2014

Scoop

Wesfarmers' A$1 bln insurance sale gets clearances

Wesfarmers has been given the green light by regulators to sell its broking and premium funding units for A$1 billion to Arthur J. Gallagher & Co, the New York stock exchange-listed insurer, completing the Australian company's exit from the insurance industry.

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Related Topix: Agriculture, Household Products, Financial Services, Arthur JGallagher , Insurance

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