BNET Industries
Market Cap:$543.5M
Last Fiscal Year Sales:$6.2B
- Public
- US
Dow Jones Description
Wesfarmers has moved far beyond its agricultural beginnings. Founded in 1914 and headquartered in Perth, Australia, Wesfarmers Limited (SYD: WES) operates in several different sectors.The company began as a farmers' cooperative, but now deals in home improvement products and building supplies, coal mining, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizers manufacture, insurance, and rail transport. The company has annual revenue of about $6.2 billion and employs about 30,000 people. Wesfarmers and Genesee & Wyoming (G&W) of the United States, joint venture partners in the Australian Railroad Group (ARG), agreed to sell ARG to Babcock & Brown Limited and Queensland Rail for $1.3 billion. The sale covers freight operations in Western Australia and contracted services operating in New South Wales and Victoria. It also includes the remaining 43 year lease on the rail network in Western Australia, currently managed by the ARG subsidiary.
Number of Employees 30,000
Contact Information
Wesfarmers House, 11th Fl
Perth
(61) 893274211
Peer Companies
NAICS Code Other Management Consulting Services: 541618
Recent Events
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FORMER W AUSTRALIA PREMIER TAKES SENIOR ROLE WITH WESFARMERS
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Asia Markets: Wesfarmers gains in Aussie supermarket race
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TPG to List Myer in $2 Billion IPO
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Australia's Metcash in supply deal with Coles
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TPG hires bankers for Australia's Myer IPO
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Wesfarmers Profit Beats Forecasts
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Australia retailer freezes top pay as economy bites
News & Analysis
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rio tinto and wesfarmers ltd. - All News and Analysis
Resources keep their heat.
- 2007-07-03
Byline: Gabriella Hold Jul 03, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket posted solid gains on 3 July 2007, with the S&P/ASX 200 rising 35.7 points to close at 6,299. The All Ordinaries Index finished 35.2 points higher...
Coles bid can't quite do the trick.
- 2007-07-02
Byline: Peter Wells Jul 02, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket lost ground on 2 July 2007, with the S&P/ASX 200 falling 11.6 points to 6,263.3. The All Ordinaries Index retreated 12 points to close at 6,298.6....
Wall St gains spark rebound.
- 2007-06-28
Byline: Gabriella Hold Jun 28, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket posted solid gains on 28 June 2007, with the S&P/ASX 200 rising 81.4 points to close at 6,265.6 The broader All Ordinaries Index finished 80.8...
Winning streak runs out of puff.
- 2007-06-21
Byline: Gabriella Hold Jun 21, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket lost ground on 21 June 2007, with the benchmark S&P/ASX 200 easing 9.9 points to close at 6,387. There were mixed fortunes in the resources sector,...
Appetite sharpens for high yield.
- 2007-06-20
Byline: Peter Wells and Gabriella Hold Jun 20, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket posted solid gains on 20 June 2007, with the S&P/ASX 200 rising 24.9 points to close at a new high of 6,396.9. The...
Battle over WA lignite coalfield.
- 2007-04-25
Byline: Kevin Andrusiak Apr 25, 2007 (The Australian - ABIX via COMTEX) -- It is believed that Blackham Resources and Wesfarmers will enter court proceedings in early May 2007. Under the Western Australian WA Mining Act, Blackham has accused Wesfarmers of failing to...
AWA ban is Rudd's IR weakness: big business.
- 2007-04-19
Byline: Kim MacDonald Apr 19, 2007 (The West Australian - ABIX via COMTEX) -- Employer associations and large businesses in Western Australia WA have commented on the Federal Opposition workplace plans. Australian Labor Party leader Kevin Rudd was criticised for his promise to scrap...
Wesfarmers shrugs off Rio's price cut.
- 2006-10-25
Byline: Marsha Jacobs Oct 25, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Wesfarmers does not believe that Rio Tinto's latest coal contract will set a new price benchmark for coking coal. Rio Tinto recently agreed to supply coking coal at...
25 to consider.
- 2006-01-12
Byline: Philip Rennie Jan 12, 2006 (BRW - ABIX via COMTEX) -- Irrespective of the performance of the global economy and sharemarkets, there are 25 Australian stocks worth watching in 2006. ...
Resources hold sway over traders.
- 2005-08-07
Byline: John Wasiliev Aug 07, 2005 (The Australian Financial Review - ABIX via COMTEX) -- The resources sector remained the main attraction for Australian derivative traders in early August 2005....
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