Podcasts about Wesfarmers

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  • May 22, 2025LATEST

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Best podcasts about Wesfarmers

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Latest podcast episodes about Wesfarmers

Money News with Ross Greenwood: Highlights
The Market Wrap with Tony Sycamore – Market Analyst, IG Australia

Money News with Ross Greenwood: Highlights

Play Episode Listen Later May 22, 2025 9:07


MARKET WRAP: ASX200: down 0.45%, 8348 GOLD: $3,334 US/ounce BITCOIN: $171,650 AUD BNPL pioneer Zip fell 6.5% to $1.87 after rival Klarna warned it was seeing more customers struggling to repay their loans. Wesfarmers expects losses in its lithium business, with shares down 1.2% to $83.90. Brent Crude fell back below $65 US a barrel, wiping 1.3% from Woodside and 0.9% from Santos. Rio Tinto CEO Jakob Stausholm will step down later in the year. Fortescue also announced aftermarket that its energy head Mark Hutchinson would exit the company after almost three years. SKS Technologies, soaring 21% after securing a $100 million contract for a data centre project. Northern Star Resources up 5.4% and Newmont 2.3% higher. Insurer IAG was up by 2.7% after the ACCC cleared the way for it to buy RACQ. See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Evan Lucas, Economic Futurist

Money News with Ross Greenwood: Highlights

Play Episode Listen Later May 20, 2025 8:24


A credit rating downgrade of the US hurt the Australian share market, but how significant is it for investors? MARKET WRAP: ASX200: up 0.58%, 8343 GOLD: $3,229 US/ounce BITCOIN: $163,965 AUD Technology One, which posted a 33% increase in profit to $81.9 million, shares up 11.3% to $36.76. Wistech rising 2.7% and Life360 up 1.6%. Commbank again hitting fresh highs at $172.43. Wesfarmers, Goodman Group and Telstra all finished higher. Regis Resources down 1.1% to $4.55. Utilities stocks were lower again, with Origin, APA Group and AGL all down. Falling by more than 1% were Northern Star, Resmed and Fisher & Paykel Healthcare. CURRENCY UPDATE: AUD/USD: 64.2 AUD/GBP: 48 pence AUD/EUR: 57 Euro cents AUD/JPY: 93 yen AUD/NZD: 1.09 Dollars See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Carl Capolingua, Senior Editor at Market Index

Money News with Ross Greenwood: Highlights

Play Episode Listen Later May 14, 2025 11:15


Gaming giant Aristocrat Leisure brought in a rise in profit, but the market was unimpressed by what it heard. MARKET WRAP: ASX200: up 0.13% to 8,279 GOLD: $3,254 US/oz BITCOIN: $159,417 AUD The Energy sector was the strongest with Brent crude back over $66 US a barrel. Woodside Energy were beneficiaries, up 3.4%, Life360 rose another 9.5% after its earnings yesterday. Up over 1% were Wesfarmers, REA Group and Brambles Aristocrat Leisure reported growth in revenue of 9% and a 6% lift in profit. Shares closed 8.9% lower to $62.10. Bain Capital withdrew its bid for Insignia Financial, seeing the wealth management company fall 15.8% to $3.37. CSL, Goodman Group and Transurban all down. CURRENCY UPDATE: AUD/USD: 65.0 US cents AUD/GBP: 48.7 pence AUD/EUR: 57 Euro cents AUD/JPY: 95 Japanese yen AUD/NZD: 1.09 NZ dollars See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Carl Capolingua, Content Editor at Market Index

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Apr 30, 2025 10:00


The tech sector has slid this year, but with the Nasdaq rebounding strongly in recent weeks, is the tech sector back? MARKET WRAP: ASX200: up 0.69% to 8,126 GOLD: $3,295 US/oz BITCOIN: $148,074 AUD Tech stocks higher led by WiseTech Global – up 1% and TechnologyOne gaining 2.4% to $30.06. REITS were also solid, with Goodman Group up 1.9% and Westfield shopping centre landlord, Scentre gaining 1.7% to $3.62. Wesfarmers rose 1.6% and JB Hi-Fi added 0.7% per cent to close at $103.59. Commonwealth Bank and Westpac also increased by 2.2% and 1.6%. Champion Iron dropped by just under 1 per cent to $4.57 despite reporting a record quarter for sales, rising 18 per cent year-on-year to 3.5 million dry metric tonnes. Alcoa retreated by 1.7% to $38.95 after reporting Spain’s nationwide power outage on Monday had affected operations at one of its smelters. Origin fell 1.3% following their report of a decrease in LNG revenue. CURRENCY UPDATE: AUD/USD: 63.4 US cents AUD/GBP: 47.8 pence AUD/EUR: 55 Euro cents AUD/JPY: 90 Japanese yen AUD/NZD: 1.07 NZ dollars See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Elio D'Amato, EnviroInvest

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Apr 28, 2025 8:12


The shockwave from Donald Trump’s tariffs continue to hit Australian companies, with Lynas Rare Earths & Flight Centre getting different outcomes. MARKET WRAP: ASX200: up 0.36%, 7,997 GOLD: $3,330 US/oz BITCOIN: $148,492 AUD US tariffs updates had differing fortunes for Lynas Rare Earths and Flight Centre An update on tariff expectations also helped technical services company ALS to lift 3.9% to $16.36. Gains in the energy sector were led by Woodside, up 1.8%, Santos up 2.2% and Karoon Energy, up 2.2%. Up by more than 1% was NAB, Wesfarmers, and Transurban. Commonwealth Bank 1.1% lower. Telix Pharmaceuticals was the worst of the ASX 200, closing 6.6% lower to $26.68 Brambles finished down more than 5% to $19.83 CURRENCY UPDATE: AUD/USD: 63.70 US cents AUD/GBP: 48.1 pence AUD/EUR: 56 Euro cents AUD/JPY: 91 Japanese yen AUD/NZD: 1.07 NZ dollars See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Henry Jennings, Senior Investment Analyst & Portfolio Manager at Marcus Today

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Apr 15, 2025 11:08


Collins Foods will offload Taco Bell, but can it be blamed on the rise of Guzman y Gomez? MARKET WRAP: ASX200: up 0.17% to 7,761 GOLD: $3,246 US/oz BITCOIN: $135,130 AUD Collins shares down almost 8% to $8.00, while rival GYG falling 0.3% to $33.40. Evolution Mining hit a record high today up just under 4% to $8.21 CSL had a healthy day up 2.6% to $244.10 but still well off its 52 week high of $313.55. Resmed also a touch higher The big 4 banks were all higher led by Westpac up 0.8% to $30.76. BHP and RIO both up with Fortescue the standout up 0.8% to $15.32 Treasury Wine stocks fell 3.4% to $8.30. Wesfarmers marginally weaker to $74.21 Aristocrat Leisure also fell 1.2% to $62.21. Star Entertainment released its half year results, posting a loss of $300 million for the half. CURRENCY UPDATE: AUD/USD: 63.6 US cents AUD/GBP: 48.1 pence AUD/EUR: 56 Euro cents AUD/JPY: 91 Japanese yen AUD/NZD: 1.07 NZ dollars See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Kyle Rodda, Senior Financial Market Analyst at Capital.com

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Apr 10, 2025 15:50


The Australian market added $100 billion in value, rising 4.5% as traders cheered on the paused US tariffs. MARKET WRAP: ASX200: up 4.54%, 7,709 GOLD: $3,142 US/oz BITCOIN: $132,279 AUD BHP rallied 5.4%, Fortescue gained 6.2%, Rio Tinto was up 6.4%, while Mineral Resources had its best day in a while, rising 18.1%. Wisetech rose 8%, Xero up another 6.2% and Life360 up almost 11%. Westpac climbed almost 5%, NAB lifted 4.9%, Commbank rose 3.6% and ANZ was up 3.5%. Telstra lifted 1.4%, Sigma Healthcare rose 2.4% and Wesfarmers gained 2.6% Contact Energy, the only company of the top 200 to finish down, lost 1.6% in trading to $8.08 a piece. Serko, down 8.8%, and Sylait Milk, losing 3.7%. CURRENCY UPDATE: AUD/USD: 61.4 US cents AUD/GBP: 47.7 pence AUD/EUR: 55 Euro cents AUD/JPY: 89 Japanese yen AUD/NZD: 1.08 NZ dollars See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Evan Lucas, Economic Futurist

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Apr 8, 2025 10:27


China will not back down from US threats of further tariffs, with the trade war threatening to escalate further. MARKET WRAP: ASX200: up 2.27%, 7,510 GOLD: $3,022 US/oz BITCOIN: $130,534 AUD Cochlear told the market it would continue to maintain its duty-free status despite US tariffs, helping it to rise 1.2% to $256.36. Guzman y Gomez showed a gain in sales growth and across its US network, with shares up a tasty 3.7% to $31.10 Wisetech up over 5%, Xero 4.3% higher and Life360 up almost 8%. Fortescue up 3.5%, Wesfarmers rising 3% and CSL gaining 1.6%. Domain Holdings the worst of the Top 200 sliding 5.1% to $3.91. While Transurban was down 0.3% and James Hardie dropped 2.5%. CURRENCY UPDATE: AUD/USD: 60.6 US cents AUD/GBP: 47.5 pence AUD/EUR: 55 Euro cents AUD/JPY: 89 Japanese yen AUD/NZD: 1.08 NZ dollars See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Adam Dawes, Senior Investment Adviser, Shaw and Partners

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Apr 7, 2025 15:27


Donald Trump’s tariffs shattered Wall Street, and have increased the threat of global recession, with global markets, including the ASX suffering. MARKET WRAP: ASX200: down 4.23%, 7,343 GOLD: $3,046 US/oz BITCOIN: $127,575 AUD Commbank down 6.2%, Westpac down 5.6%, NAB 4.5% and ANZ 4.8% Mineral Resources off 11.8%, South 32 down 7.8%, and BHP falling 6.1%. Woodside Energy announced it would sell a $9.5 billion stake in its Louisiana LNG export terminal, but with the Energy sector down, still lost 5.8% to $19.25. Santos was worse off, falling 9.8%. Telstra dropped just half a percent, Sigma Healthcare fell 2.4% and Wesfarmers sank 4.9% Abacus Storage King might have got away with one today, with shares surging more than 20% to $1.40 after a takeover offer worth almost $2 billion was hurled their way. Challenger rose 7% after it told the market life insurer, TAL Dai-ichi Life, would take control of 15.1% of the company. While also flying in the face of market fear were Reece, up 3.7%, Wisetech Global up 2.2%, and CAR Group, up 1%. Star Entertainment which agreed to hand control of the casino group to the US-based Bally’s Group in a deal worth $300 million CURRENCY UPDATE: AUD/USD: 60.08 US cents AUD/GBP: 46.7 pence AUD/EUR: 54 Euro cents AUD/JPY: 87 Japanese yen AUD/NZD: 1.07 NZ dollars See omnystudio.com/listener for privacy information.

Mi3 Audio Edition
Bench strength: How Freedom Furniture, Wesfarmers Health, REA Group CMOs are keeping the crazy pace on team capability and next for the Australian Marketing Institute's skills assessment and capability program

Mi3 Audio Edition

Play Episode Listen Later Mar 31, 2025 52:59


Host: Nadia Cameron, Editor - Marketing | Associate Publisher Amid all the hype, excitement and trepidation around digital, marketing automation, data utilisation and now AI coming into marketing, is the very real need to build team capability and empowerment to actually use the tools effectively – and in a way that delivers business outcomes. As Infosys global CMO, Sumit Virmani, told Mi3 recently: “As AI is a very new technology, it can be a big challenge for teams at large to embrace because they don’t know how to do it. Educating them in the process of embracing AI, on the tools, and actually making investments in your team to get them the comfort to experiment, is the responsibility of a marketing leadership team.” But it’s not just tech changing the shape of marketing execution. New channels and connectivity to customer – as well as higher expectations of said customer – are demanding marketers build a diverse range of brand, people and specialist skill sets. Then there’s the relentless scrutiny of marketing effectiveness and budgets requiring ever stronger commercial nous. Mi3 and the AMI’s Marketing & Customer Benchmarks FY2023 Outlook report last June of 105 Chief Marketing, Customer and Growth Officers highlighted the changes they’re preparing for – team structures and shifting KPI’s among them, with customer lifetime value metrics surging for many. All this makes it imperative marketing teams run continuous learning and capability development loops. Two CMOs striving for this are Freedom Furniture’s Jason Piggott and Wesfarmers Health’s Corrina Brazel. Quick to jump into the Australian Marketing Institute’s new skills assessment tool, 12 months after the launch of its Competency Framework, both see a need for more formalised learning programs that don’t just cover new specialist skills, but can also improve core marketing knowledge across their teams. While the AMI’s Competency Framework provides those foundations and learning structures, the assessment tool is about having productive, proactive conversations with teams while also holding up a mirror to your own strengths and weaknesses, both say. Per AMI CEO, Bronwyn Heys: “Modern marketers need to be bench ready. They need to be ready for anything – for the market, for the consumer.” No less keen to pursue learning rigour is REA Group, whose GM of audience and marketing, Sarah Myers, says has a “very feedback hungry culture” and commitment to deep, specialist skills. A one-size-fits-all program, however, hasn’t been the right option, nor has a pure marketing strain to capability development. Instead, the company has been building out an internal university that recognises certain skills as important across the business. Tune into this latest Mi3 podcast episode as we unpack the pros and cons of skills assessment, specialist versus generalist capability building, and how marketing leaders encourage continuous learning across their teams from the bottom up – while also not forgetting to skill up themselves.See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Adam Dawes, Senior Investment Adviser, Shaw and Partners

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Mar 24, 2025 6:04


James Hardie’s $14 billion deal wasn’t welcomed by the market, so was it done at the right time and for the right price? MARKET WRAP: ASX200: up 0.07%, 7,936 GOLD: $3,026 US/oz BITCOIN: $138,260 AUD Staples were down 1.7% Discretionary finished up 1.1%, with Wesfarmers, Aristocrat and Harvey Norman higher. The Lottery Corporation announced its CEO will step down at the end of the financial year, but shares managed to stay up 0.2%. NAB 2.2% higher, Westpac up 1.4%, Commbank 1.4% to the good, and ANZ up 0.8%. Going backwards by 26% was Helia which told the market its contract with Commonwealth Bank could expire by the end of the year. New Zealand-based Synlait Milk dropped 12%, despite posting a half-year net profit of NZ$4.8 million. Woolworths shedding 1.7% and Coles losing 2.1% CURRENCY UPDATE: AUD/USD: 62.89 US cents AUD/GBP: 48.6 pence AUD/EUR: 58 Euro cents AUD/JPY: 94 Japanese yen AUD/NZD: 1.09 NZ dollars See omnystudio.com/listener for privacy information.

Life Changing Questions Podcast
261: Leading to Build a Movement with Chris Morsley

Life Changing Questions Podcast

Play Episode Listen Later Mar 19, 2025 34:53


Chris has worked as an executive coach and trainer at the highest levels within brands such as Cisco, PwC, Twitter, Wesfarmers, Google, Microsoft, Apple, AWS Zoom and many more.    He works across most industries and also with public figures, celebrities, and professional and Olympic athletes who rely on developing a strong personal presence. He's an ex-professional actor and coaches leaders who are both inspirational and real so they can win more business, build stronger relationships and motivate people into action. He's also a downhill skateboarder. Key Topics Authenticity in Communicating as a Leader: Business leaders can foster a stronger connection between staff or prospects when they are more authentic to themselves and engaged in motivating their teams. Don't start a business; create a movement. Chris encourages leaders not to start a business but to create a movement of people who will help share their skills and specialties. Everyone is brilliant. Business leaders can command attention and champion their businesses by being their most authentic selves rather than faking another personality.  Resources:  Chris's website (https://cmcglobal.com.au/home) Chris's LinkedIn (https://au.linkedin.com/in/chris-morsley-5093814)  If you want to create a reliable cash flow for your business, I have some tools and resources that can help.   Take the Profit Scorecard (3 minutes) and identify where you are leaking profit now – click here.  

Money News with Ross Greenwood: Highlights
The Market Wrap with Kyle Rodda, Senior Financial Market Analyst at Capital.com

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Mar 12, 2025 11:21


Global markets are in free fall, so should investors be worried or is this a correction that always had to happen? MARKET WRAP: ASX200: down 1.32%, 7,786 AUD: 62.84 US cents GOLD: $2,917 US/oz BITCOIN: $130,167 AUD The Dow Jones finished down another 1.1% overnight, with the S&P 500 and the Nasdaq both lower as well. The ASX 200 dropped 1.3% Utilities the only sector finishing higher, as eight of the eleven fell by more than 1%. CBA down 1.4%, Westpac down 2%, and NAB & ANZ down 2.1%. Shipbuilder Austal dropped 22% after announcing it had completed an institutional placement to raise $200 million. A share buyback of up to $400 million announced by mining infrastructure group Orica saw shares decline 1.3% to $16.68. Wesfarmers down 2.6%, Breville losing 2.7%, Flight Centre down 3.4%, and Super Retail 3.6% lower. Nickel industries jumped 8.3% to 65 cents a share. Telix Pharmaceuticals gained 1.7% to $27.07 A 2.1% lift for AGL. CURRENCY UPDATE: AUD/USD: 62.84 US cents AUD/GBP: 48.6 pence AUD/EUR: 57 Euro cents AUD/JPY: 93 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

Business News - WA
At Close of Business podcast March 7 2025

Business News - WA

Play Episode Listen Later Mar 7, 2025 10:13


Tom Zaunmayr speaks to Sam Jones about Red Dog's vet Rick Fenny, who has built one of WA's most eclectic large family businesses. Plus: The last week for 2025 state election; Wesfarmers; and a Wembley building sale.

CommSec
Market Close 25 Feb 25: Profit results rattle Aussie market

CommSec

Play Episode Listen Later Feb 25, 2025 9:47


The Aussie market is down for the sixth time in seven sessions, with losses across tech, mining, and banking sectors. Investors are on edge ahead of Nvidia’s earnings and key U.S. inflation data, both of which could shake global markets. While energy stocks are mixed, Woodside is up despite a profit slump, and consumer discretionary stocks, including Wesfarmers, are dragging. Meanwhile, Zip has surged 17% after strong earnings, while Domino’s shares took an 11% hit after reporting a loss. With Aussie inflation data coming tomorrow and major earnings reports still to come, volatility remains high. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Fear and Greed
Interview: How Bunnings and Kmart have been key to Wesfarmers' growth

Fear and Greed

Play Episode Listen Later Feb 23, 2025 12:44 Transcription Available


Last week Wesfarmers announced a jump in revenue and sales, largely thanks to the performance of its Bunnings and Kmart businesses. Today’s interview with Rob Scott, Managing Director of Wesfarmers, delves into all of it: from the extraordinary growth of Kmart’s Anko brand, and Bunnings pushing into pet care, right through to what went wrong with online retailer Catch, and what the arrival of Chemist Warehouse on the ASX means for Wesfarmers’ Priceline pharmacies.Ausbiz is Australia's leading provider of live and on-demand video of the latest news in Australian business, markets, economy and startups. Sign up for free at ausbiz.com.auYou can watch this interview hereFind out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Between the Bells
Weekly Wrap 21 February

Between the Bells

Play Episode Listen Later Feb 21, 2025 7:34


With reporting season nearing its end, 84 companies have released results. Of these, 30 exceeded expectations, 27 met them, and 27 fell short. Wesfarmers and Universal Stores were among the companies surpassing expectations this week, while Super Retail Group was among those that missed. Also check out how the ASX performed this week.In this week's wrap, Grady covers: (0:38): WesCEF driving Wesfarmers' results(1:40): the excellent results from Universal Stores (2:27): inflationary pressures impacting Super Retail Group (3:36) the dividend focus in February's earnings season(5:19): how the ASX200 performed this week so far (6:17): the most traded stocks & ETFs by Bell Direct clients(6:47): economic news items to watch out for.

What The Flux
Telstra's $1 billion turnaround | Bunnings & Kmart carry Wesfarmers (once again) | Nikola EV truck files for bankruptcy

What The Flux

Play Episode Listen Later Feb 20, 2025 6:59 Transcription Available


Telstra has dialled up a net profit of just over $1 billion for the last six months after seeing growth in its mobile biz… and saying goodbye to Foxtel. Wesfarmers has seen its sales and earnings jump in the first half of the financial year thanks to its GOAT performers, Bunnings and Kmart. Nikola, the electric trucking startup, has filed for bankruptcy in the US after struggling to raise money… or find a buyer. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
Rob Scott, Managing Director & CEO of Wesfarmers

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Feb 20, 2025 9:44


With Kmart & Bunnings under its wing, Perth-based conglomerate Wesfarmers has posted another solid first-half result on improved sales.See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
Money News with Deb Knight - 20th February

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Feb 20, 2025 39:46


Whyalla steelworks gets a $2.4 billion bailout from the government; Wesfarmers profits on the back of Kmart & Bunnings gains; Telstra continues to dominate the telco market; Super Thursday sees 40 companies report; job market remains strong, with unemployment at 4.1%; could this very radio station be up for sale soon?; and Scott Phillips joins for the Market Wrap to explain the difference between net profit, underlying profit & EBITDA. Host: Deb Knight Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.

Fear and Greed
Jobs, jobs, jobs; $2.4b to save Whyalla steelworks; iPhone launches new cheap model

Fear and Greed

Play Episode Listen Later Feb 20, 2025 18:53 Transcription Available


Friday 21 February 2025 There are plenty of jobs for everyone, it seems, which is good news for workers but it probably pushes out the next interest rate cut. Canberra and South Australia to pony up $2.4 billion to save the Whyalla steelworks. And Apple set to release a brand new “cheap” iPhone. Plus profit results from Telstra, Wesfarmers, Rio Tinto and Fortescue Metals, and Donald Trump finally earns the ire of local politicians. Join our free weekly newsletter here! And don’t miss the latest episode of How Do They Afford That? - the script that can help you avoid a loyalty tax. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

CommSec
Market Close 19 Feb 25: Lower bank profits weigh on ASX

CommSec

Play Episode Listen Later Feb 19, 2025 9:58


The Aussie market suffered its third consecutive decline, with financial and energy stocks leading the losses. The financial sector, in particular, posted its worst drop of the year, driven by NAB’s disappointing quarterly report and CBA trading ex-dividend. Meanwhile, mineral resources plummeted over 20% after swinging to a major loss and cutting its iron ore guidance, while Santos slashed its dividend following a dip in profits. Looking ahead, investors are eyeing key jobs data and a massive reporting day featuring Rio Tinto, Telstra, and Wesfarmers, among others. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
Scott Phillips – CIO, The Motley Fool

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Feb 6, 2025 9:24


The big banks have continued their stellar run, with a new record high for Commonwealth Bank helping the market back up today. MARKET WRAP: ASX200: down 0.61%, 8,378 GOLD: $2,760 US/oz BITCOIN: $163,460 AUD Commonwealth Bank shares hit a new all-time high, up an impressive 2.6% to $162.64. NAB up 2.5% to $40.38, Westpac rising 2.2% to $34.00, and ANZ 2.6% higher to $30.95. Macquarie Group was also higher. News Corp rose 5.8% to $56.28 after the media company reported second quarter revenues were up 5% Wesfarmers rose 3.2%, and Brambles 2.1%. Beach Energy’s shares dipped almost 5% to $1.44 despite the gas exploration company seeing earnings up 20% to $587 million. Pexa Group lost 3% after it said it expects a $15 million hit in its results. CURRENCY UPDATE: AUD/USD: 62.65 US cents AUD/GBP: 50.2 pence AUD/EUR: 60 Euro cents AUD/JPY: 95 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Elio D'Amato, Daylight Financial Group

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Feb 3, 2025 11:39


Trump’s tariffs tanked global markets, but could there be some ASX-listed entities that benefit from the global trade fall out. MARKET WRAP: ASX200: down 1.79%, 8,379 GOLD: $2,819 US/oz BITCOIN: $155,130 AUD Fisher & Paykel Healthcare said its cost pressures would increase from the Mexican tariffs, sending its shares down 7.4% to $31.80 CSL was down 1.8%, Pro Medicus fell 3% and Resmed dropped 3.1%. A reduction in full-year guidance from Westgold after slower-than-expected progress on its mines saw its shares losing 12.4% to $2.26 Fortescue down 4.4%, NAB shed 2.3% and Wesfarmers dropped 1.9%. KMD Brands rose 4.1% to 38 cents a share Regis Resources established a $300 million credit facility, sending its shares almost 2% higher. Telstra, Yancoal, and Seek swam against the tide to finish higher. CURRENCY UPDATE: AUD/USD: 61.40 US cents AUD/GBP: 49.9 pence AUD/EUR: 59 Euro cents AUD/JPY: 95 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap wth Evan Lucas, Economic Futurist

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Jan 28, 2025 9:30


Sigma Healthcare got a bump on the market as its merger partner Chemist Warehouse reported record sales. MARKET WRAP: ASX200: down 0.12%, 8,399 GOLD: $2,745 US/oz BITCOIN: $164,265 AUD Wisetech Global dropped half a percent, NextDC fell 7.2, while Goodman Group plunged 8.2%. Also tumbling were the energy companies – Origin down 3.4%, AGL down 2.3% and Yancoal off by 3.7%. Sigma Healthcare took off, as its merger partner Chemist Warehouse reported record sales. Shares were up 12.2% to $3.03. Consumer stocks were led higher by Wesfarmers rising 1.1% and Aristocrat gaining 4.2%. The Big Four banks all finished in the green - Westpac 1.2% higher – but Macquarie lost 1.5%. A warning by Nuix that it would post a half-year fall in earnings saw its shares dive more than 20% to $4.31. CURRENCY UPDATE: AUD/USD: 62.53 US cents AUD/GBP: 50.3 pence AUD/EUR: 60 Euro cents AUD/JPY: 97 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

The Contrarians with Adam and Adir
Wesfarmers Catch of the Day Disaster, Netflix Brilliant Strategy, Bumble's Troubles and ROKT Triumphs

The Contrarians with Adam and Adir

Play Episode Listen Later Jan 27, 2025 114:58


The guys discuss Wesfarmers $800 million Catch of the Day horror show – Adam argues the disaster should cost Rob Scott his job (Adir disagrees), Netflix incredible growth story, Bumble's founder returns but is the online dating business a goner and the brilliant execution of Bruce Buchanan at ROKT Thanks for listening! Join us on LinkedIn: https://www.linkedin.com/company/the-contrarians-with-adam-and-adir-podcast Subscribe on YouTube for all our video content: https://https://www.youtube.com/@ContrariansPodcast Follow us on Instagram: https://www.instagram.com/contrarianspod Follow us on TikTok: https://www.tiktok.com/@contrarianspod

Money News with Ross Greenwood: Highlights
The Market Wrap with Scott Phillips – CIO, The Motley Fool

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Jan 23, 2025 8:08


Myer & Premier Investments shareholders have given the greenlight to a brand swap deal, but who will emerge as the real winners? MARKET WRAP: ASX200: down 0.61%, 8,378 GOLD: $2,760 US/oz BITCOIN: $163,460 AUD BHP down 1.7%, Pilbara Minerals down 3.7% and MinRes falling 3.3%. Fortescue shares fell by 2.2% to $18.62 despite the mining giant shipping almost 50 million tonnes of iron ore across the last quarter. A greenlight from shareholders of Myer and Premier Investments over a brand swap deal saw Myer’s shares rising 6.1% to 96 cents a piece. Premier went backwards, down a little, 0.7% to $26.85. Regis Resources climbing 3.9% to $3.21 after reporting its quarterly production figures. Gains in the Utilities sector were led by Origin Energy, which lifted 1.3% to $11.32. Falls of more than 1% were Wesfarmers, Goodman Group and Woolworths. CURRENCY UPDATE: AUD/USD: 62.65 US cents AUD/GBP: 50.9 pence AUD/EUR: 60 Euro cents AUD/JPY: 98 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

Fear and Greed
Interview: Catch is closing. Will Amazon kill other Aussie ecommerce?

Fear and Greed

Play Episode Listen Later Jan 22, 2025 11:56


This week Wesfarmers announced it will shut down its online marketplace Catch. Catch and other Australian ecommerce sites are under pressure from the rise and rise of US giant Amazon, as well as the arrival of Temu and Shein.Ben Gilbert, Head of Australian Research at Jarden, talks to Sean Aylmer about Catch, Wesfarmers, Amazon, and how Australian retailers are evolving in the ecommerce age.This is general information only. You should seek professional advice before making investment decisions.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

What The Flux
Wesfarmers shuts down Catch | $TRUMP's new fortune | Sportsbet's class action

What The Flux

Play Episode Listen Later Jan 21, 2025 6:46 Transcription Available


Wesfarmers has announced it will be closing its e-commerce marketplace Catch after struggling with competition from Temu and Amazon Donald Trump and his wife Melania both launched crypto coins just before his inauguration - which now forms the majority of their wealth Sportsbet, the online gambling behemoth, is facing a class action after betters have lost millions of dollars on in-game bets _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Business News - WA
At Close of Business podcast January 21 2025

Business News - WA

Play Episode Listen Later Jan 21, 2025 10:28


Fini-backed Human submits $110m Wool Stores plan; Wesfarmers to shut down Catch; and WA Labor pledge $16m for Wildcats new home.

Money News with Ross Greenwood: Highlights
The Market Wrap with Henry Jennings, Senior Investment Analyst & Portfolio Manager at Marcus Today

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Jan 21, 2025 8:36


Wesfarmers will close its online retailer Catch after it faced increased competition from Amazon, Shein and Temu. MARKET WRAP: ASX200: up 0.66% to 8,402 GOLD: $2,740 US/oz BITCOIN: $163,365 AUD Wesfarmers shares gaining 1.6% on the day to $72.88 Liontown reported better than expected cashflow in its quarterly update, helping it to lift 11.9% to 70.5 cents a share. HUB24 shares leaping 11% to $72.43. Gains for NAB, Westpac and ANZ as the financial sector rose by 1.25%. Carnarvon Energy shares down more than 22% after Santos put joint-venture plans for a $3.2 billion oil and gas project on hold. Santos slid 2.2% to $7.13. CSL, Goodman Group and Xero all finished down. CURRENCY UPDATE: AUD/USD: 62.42 US cents AUD/GBP: 50.8 pence AUD/EUR: 60 Euro cents AUD/JPY: 97 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
Money News with Deb Knight - 21st January

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Jan 21, 2025 38:57


Donald Trump moves markets as he signs a stack of executive orders; the Victorian government moves to make fuel pricing more transparent; BHP ups its copper production; Wesfarmers to shut down online retail arm Catch; business insolvencies up through first half of financial year; smoothing out cash flow for retailers; and Henry Jennings joins us for the Market Wrap. Host: Deb Knight Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
MWP January 21: Trump tariffs shift markets, as Wesfarmers jettisons Catch

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Jan 21, 2025 4:39


Markets moved as the "Day One" Trump tariffs didn't come to fruition, with the ASX 200 now getting close again to record highs.See omnystudio.com/listener for privacy information.

Business News - WA
At Close of Business podcast December 20 2024

Business News - WA

Play Episode Listen Later Dec 20, 2024 12:21


Nadia Budihardjo and Claire Tyrrell discuss WA's large format retail sector. Plus: Expected resource and energy export earnings drop; Flooding shuts Western Power office; and Wesfarmers to sell Coregas.

Money News with Ross Greenwood: Highlights
Market Wrap with Scott Phillips – CIO, The Motley Fool

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Dec 19, 2024 16:10


Global markets tanked following the US rate cut decision, but can things be salvaged into 2025? ASX200: down 1.70%, 8,168 GOLD: $2,626 US/oz BITCOIN: $162,865 AUD Tech stock falls were led by data centre operator Megaport, which dropped more than 10%, with Life360 down 3.8% and Xero dropping 2.6% Financials were lower - Commbank down 2.3%, Westpac sinking 2.4% and NAB falling 2.1%. Zip’s up-and-down run saw it losing 9% to $2.84. BHP, CSL, Wesfarmers, Fortescue, and Goodman Group were large cap stocks all down by more than 1%. Transurban managed to rise by 0.1% despite being made to pay $40 million to the operator of Melbourne toll road EastLink over ‘unjust fees’. And others escaping the carnage included QBE, Brambles, Coles and APA Group. See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Kate Hanrahan, Private Client Adviser, Sequoia Wealth Management

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Dec 11, 2024 10:04


The merger between Chemist Warehouse and Sigma looks closer than ever after the companies gave an update to the market today. MARKET WRAP: ASX200: down 0.75%, 8,193 GOLD: $2,612 US/oz BITCOIN: $134,135 AUD Nine of the eleven sectors were in the red, with tech stocks again the biggest loser Wisetech slid 3% to $121.79, and Xero down 1.4% to $168.62. South32 dropping 4.4% to $3.52 after saying escalating problems in Mozambique had affected transport to its operations. ANZ, Rio Tinto and Santos were all down by more than 1%. Higher real estate stocks were led by Goodman, up 1.7% and Stockland, up 2.2%. While also lifting were Wesfarmers, Pro Medicus and Resmed. CURRENCY UPDATE: AUD/USD: 64.74 US cents AUD/GBP: 49.9 pence AUD/EUR: 60 Euro cents AUD/JPY: 96 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Henry Jennings, Senior Investment Analyst & Portfolio Manager at Marcus Today

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Nov 12, 2024 8:23


Paladin Energy dropped after it overshot forecasts on its uranium. How will the company rebound? MARKET WRAP: ASX200: down 0.13% to 8,255 GOLD: $2,610 US/oz BITCOIN: $136,106 AUD Materials stocks were another 1.4% lower today, while the Tech sector gained more than 1%. The owner of Afterpay – Block – led the way, up 10.7% to $126.40 following a good night of trade for the company's Wall Street listing. Tech gains were led by Wistech Global and Technology One, both up 1.8%. Up by more than 1% were Wesfarmers, ANZ, and Reece. Paladin Energy down almost 29% to $6.88 after it slashed its targets for production, calling previous forecasts “a bit ambitious”. Health insurer NIB said it was on track to post an operating loss for the first half, lowering its guidance and seeing shares drop 0.7% to $5.96. Another day of pain for both the gold & iron ore miners saw BHP down 1.8%, South 32 falling 2.4% and Northern Star off 2.7%. CURRENCY UPDATE: AUD/USD: 65.51 US cents AUD/GBP: 51.1 pence AUD/EUR: 61 Euro cents AUD/JPY: 100 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

Inspiring Leadership with Jonathan Bowman-Perks MBE
#338: Leading Through Tough Turnarounds – Insights from Archie Norman, Chairman of M&S

Inspiring Leadership with Jonathan Bowman-Perks MBE

Play Episode Listen Later Oct 21, 2024 50:16


Join us for an inspiring conversation with Archie Norman, one of Britain's most influential businessmen and leaders. With a remarkable track record of transforming major companies, Archie has spearheaded some of the biggest business turnarounds in the UK and abroad, from leading the revival of Asda to overseeing global retail strategies for Coles Group. His leadership extends beyond business, having served as a Member of Parliament and playing a pivotal role in reshaping British politics.Archie's career spans top executive roles at Kingfisher, ITV, and Marks & Spencer, along with influential advisory positions at Wesfarmers, Global Counsel, and Lazard. His leadership insights and turnaround expertise have earned him numerous accolades, including the Institute of Turnaround Professionals Lifetime Achievement Award and the Sunday Times Businessman of the Year.Tune in to hear how Archie approaches leadership, builds world-class teams, and transforms underperforming companies into market leaders. Hosted on Acast. See acast.com/privacy for more information.

What The Flux
Wesfarmers' $6bn profits off Aussie illness | Google loses its advantage | Assassin's Creed going private?

What The Flux

Play Episode Listen Later Oct 8, 2024 6:52 Transcription Available


Wesfarmers is expected to generate around $6 billion in revenue this year via its health division because Aussies are getting… sicker. Google will be required to open up its app store to rivals so that its users can have more choice when downloading and using apps. The creator of popular video game Assassin's Creed, Ubisoft Entertainment, is considering going private after it lost close to half its market value this year. — Check out the Flux x Raiz Flux Academy this month Download the Raiz App - Investing made easy Download the free app (App Store): http://bit.ly/FluxAppStoreDownload the free app (Google Play): http://bit.ly/FluxappGooglePlayDaily newsletter: https://bit.ly/fluxnewsletterFlux on Instagram: http://bit.ly/fluxinstaFlux on TikTok: https://www.tiktok.com/@flux.finance—-The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
Money News with Scott Haywood - 8th October

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Oct 8, 2024 37:13


RBA minutes reveal no plans to change interest rates soon; NAB's Business Survey shows promising signs; Chinese stimulus never arrives tanking markets; Wesfarmers looks for growth in the healthcare space; workers push for WFH as a right; ATO cracks down on tax debts; and Evan Lucas joins us for the Market Wrap.   Host: Scott Haywood Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.

Talking Wealth Podcast: Stock Market Trading and Investing Education | Wealth Creation | Expert Share Market Analysis

In this week's Talking Wealth podcast, Janine reviews an article by Morningstar on the top ASX stocks, including Wesfarmers, to buy and hold forever. Although Wesfarmers made the list and has been a great performer, Janine shares how the chart may tell a different story.

Money News with Ross Greenwood: Highlights
The Market Wrap with Grady Wulff, Market Analyst at Bell Direct

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Oct 2, 2024 10:05


Global oil prices could be more volatile on the threat of conflict in the Middle East, so how will that play out for local energy companies?   ASX200: down 0.13% to 8,198 GOLD: $2,670 US/oz BITCOIN: $88,234 AUD Energy stocks prices got a boost on the back of rising oil prices, gaining 2.6% on the day Woodside gained 3.1%, Santos was up 2.4% and Ampol lifted 1.4% BHP rising 0.9%, Rio Tinto up 0.1% to $125.96 and South 32 up 1.6% to $3.73 Gold miners Newmont up 1.3% to $78.21, and Regis Resources up 1% to $2.03. Hotel Property Investments closed up 3 cents to $3.76 after rejecting Charter Hall and Hostplus' takeover offer of $3.65 per share. Qantas down 2.7% today to $6.98. Wesfarmers and Coles both fell around 2%, with Car Group tumbling 2.7% to $36.39 AUD/USD: 69.01 US cents AUD/GBP: 51.97 British pence AUD/EUR: 62 Euro cents AUD/JPY: 99 Japanese yen AUD/NZD: 1.09 NZ dollars See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Scott Phillips – CIO, The Motley Fool

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Sep 26, 2024 9:14


Star Entertainment has got its lifeline, but with losses of $1.7 billion in the last year, is it too little too late? MARKET WRAP: ASX200: up 0.95%, 8,203 GOLD: $2,693 US/oz BITCOIN: $93,043 AUD Sliding late in the day was the Energy sector, which dropped 1.1% as the price of Brent Crude plunged in late trading. Woodside closing down 2.7% to $24.70 and Santos dropped 2.3% to $6.92. Commonwealth, Westpac and ANZ all finished down.  Underwear retailer Step One fell 8.8% on the news that its founder and chief executive was selling stock. Brickworks saw shares jump 7.2% after beating expectations to post a net loss of $119 million for the year. Consumer Discretionary winners included Wesfarmers, up 1.5%, Aristocrat Leisure, rising 2.8%, and JB Hi-Fi, up 3%. BHP & CSL lifted 1.6%, as Wisetech Global gained 2.8%. CURRENCY UPDATE: AUD/USD: 68.68 US cents AUD/GBP: 51.4 pence AUD/EUR: 61 Euro cents AUD/JPY: 99 Japanese yen AUD/NZD: 1.09 NZ dollars See omnystudio.com/listener for privacy information.

Money News with Ross Greenwood: Highlights
The Market Wrap with Josh Gilbert, Market Analyst at eToro Australia

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Sep 25, 2024 9:57


Inflation figures might have said that we're closer to rate cuts than ever, but the market did not enjoy the news today. MARKET WRAP: ASX200: down 0.19%, 8,126 GOLD: $2,680 US/oz BITCOIN: $92,780 AUD Iron ore futures shot up to as much as $US 99 a tonne in Singapore, and that helped gains of 3.8% for BHP, 4.7% for Fortescue, and 3.8% for Rio Tinto. Following its demerger from Web Travel Group this week, a broker note helped Webjet to jump 15.1% on the day. Wesfarmers, Goodman Group and Woolworths all higher Premier Investments delayed its plans to spin-off its Peter Alexander and Smiggle stores… Shares down 9.1% to $30.61 The postponement of an ACCC decision on the merger between Chemist Warehouse and Sigma Healthcare saw Sigma's shares drop 3.5% to $1.37. The banks were down again, with all four majors in the red. CURRENCY UPDATE: AUD/USD: 68.83 US cents AUD/GBP: 51.4 pence AUD/EUR: 61 Euro cents AUD/JPY: 99 Japanese yen AUD/NZD: 1.08 NZ dollars See omnystudio.com/listener for privacy information.

SBS World News Radio
SBS On the Money: Banking rally and GDP forecasts

SBS World News Radio

Play Episode Listen Later Sep 3, 2024 7:19


The banks soared – CBA clocking another fresh record, as US markets remained closed for the labour day weekend. Coles, Woolworths and Wesfarmers all traded ex-dividend dragging on the index. This ahead of tomorrow's much anticipated GDP figures. For more – Rhayna Bosch speaks with VanEck Australia, Deputy Head of Investments, Jamie Hannah.

What The Flux
Wesfarmers' secret weapon | Qantas reports 16% profit drop | Nvidia loses momentum

What The Flux

Play Episode Listen Later Aug 29, 2024 6:51


Wesfarmers has seen its annual sales jump to more than $44 billion and it's putting a heap of praise on one particular business. Qantas has reported a 16% drop in its annual profit in its first annual update since new CEO Vanessa Hudson stepped in. Nvidia, the AI chipmaker, exceeded its quarterly guidance on all the key metrics… but its share price dropped more than 7%. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatworkDownload the free app (App Store): http://bit.ly/FluxAppStoreDownload the free app (Google Play): http://bit.ly/FluxappGooglePlayDaily newsletter: https://bit.ly/fluxnewsletterFlux on Instagram: http://bit.ly/fluxinstaFlux on TikTok: https://www.tiktok.com/@flux.finance—-The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

SBS World News Radio
SBS On the Money: Markets hit as Nvidia slides + Qantas reports

SBS World News Radio

Play Episode Listen Later Aug 29, 2024 10:13


The ASX fell following a weak global lead – as AI giant Nvidia reported in the US. Locally, Qantas and Wesfarmers presented their full year financials, ahead of tonight's US GDP figures. For more – Rhayna Bosch speaks with Barrenjoey Chief Macro Strategist Damien Boey.

Business News - WA
At Close of Business podcast August 29 2024

Business News - WA

Play Episode Listen Later Aug 29, 2024 8:59


Isabel Vieira and Mark Beyer discuss tech company U Group. Plus all the latest on Wesfarmers' results; Leederville Oval's redevelopment; and Madeleine King's union support.

CommSec
Morning Report 29 Aug 24: Wall Street tumbles as investors brace for Nvidia results

CommSec

Play Episode Listen Later Aug 28, 2024 9:49


Wall Street retreats as investors eagerly await Nvidia's earnings figures, while Australian shares are set to fall amid declining commodity prices. OpenAI is in talks to raise funding, which would value the company at $100 billion. Meanwhile, Warren Buffett's Berkshire Hathaway has reached a market value of $1 trillion. U.S. retail shares, including Lululemon, PVH, and Foot Locker, are under pressure as the economic outlook deteriorates. Locally, the earnings season is winding down, with previews from Wesfarmers and Mineral Resources. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Shares for Beginners
Weekend Watchlist - WES - Wesfarmers

Shares for Beginners

Play Episode Listen Later Aug 9, 2024 24:43


Wesfarmers Limited is an Australia-based company engaged in various business operations, such as home improvement, outdoor living products and supply of building materials, and general merchandise and apparel, among others. Its segments include Bunnings Group; Kmart Group; Officeworks; Wesfarmers Chemicals, Energy and Fertilisers (WesCEF); Industrial and Safety; Health; Catch; and Other. The Bunnings Group segment is a retailer of building materials and home, garden and lifestyle improvement products. The Kmart Group segment is a retailer of apparel and general merchandise, including toys, leisure, entertainment, home, and consumables. The Officeworks segment is a retailer and supplier of office products and solutions for households, small-to-medium sized businesses, and the education sector. The WesCEF segment is a manufacturer and marketer of chemicals for industry, mining, and mineral processing; manufacturer and marketer of broadacre and horticultural fertilizers; and others.Shares for Beginners and Stockopedia proudly present "Weekend Watchlist". Each week we dissect a company using Stockopedia's Factor driven analysis process. Go to https://why.stockopedia.com/sfb/ for your free trial and special discount offer. Why not join Stockopedia today and take advantage of this special offer of 10% off the first year of membership and see for yourself why Stockopedia is the essential tool for every serious DIY share investor. 14-day free trial included, then a no-quibble 30-day money back guarantee: https://why.stockopedia.com/sfb/ Find out more about Stockopedia by going to my review:https://www.sharesforbeginners.com/stockopedia-aunz-reviewDisclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value.Shares for Beginners is a production of Finpods Pty Ltd. The advice shared on Shares for Beginners is general in nature and does not consider your individual circumstances. Shares for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289. Hosted on Acast. See acast.com/privacy for more information.