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The Latest Breaking News from Wesfarmers

Homebase collapses into administration with thousands of jobs at risk

Future of 2,000 staff remains unclear despite the bulk of stores being bought by the homeware retailer The Range

The Guardian - UK

Miners dominate company tax list as others pay zero

A corporate income tax haul of almost $100 billion is being hailed as a "great result" but almost a third of major Australian companies avoided a tax bill.

AAP

Wesfarmers defends record profits amid cost crisis

Wesfarmers chair Michael Chaney is reclaiming the word "profit" as the parent company of Kmart and Bunnings reaps a record profit amid a cost-of-living crisis.

AAP

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The art of Kmart: why the discount retailer is thriving while rivals such as Big W struggle

After a years-long transformation, Kmart Group is delivering supercharged profits for owners Wesfarmers, much to the envy and dismay of others

The Guardian - AU

Bunnings is no longer the beating heart of the Wesfarmers whale

New homes are rare and that means fewer trips to hardware shops.

Crikey

Budget bliss as Kmart brand helps bag Wesfarmers profit

Australian conglomerate company Wesfarmers has lifted its profit by 3.7 per cent on the previous year as consumers snapped up affordable products at Kmart.

AAP

Wesfarmers Opposes Breaking Up Business, Citing Detriment To Australia

Wesfarmers highlights diversified operations, sustainability commitment, and long-term value creation at Macquarie Group Conference.

Top News

Aust shares hit 3-month high ahead of US inflation data

The ASX200 rose 0.5 per cent to finish at a 13-week high, with every sector rising except for mining, which was flat.

AAP

Kmart Group urged to join industry textile recycling scheme or face regulation, government says

Group which owns Kmart and Target has not signed up to initiative that would impose 4 cent levy on garments to fund research

The Guardian - AU

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The Independent UK

‘Merry Ham-mas’ bags pulled from Australian supermarkets

Kmart company apologises, saying ‘we clearly didn’t think through all implications’

Evening Standard

Australian store Kmart pulls 'Merry Ham-mas' Christmas bag after request from Jewish association

The chain said it 'clearly didn't think through all the implications'

Crikey

It’s anti-worker CEOs who are ‘a risk for the nation… a risk for the economy’

When the CEO of a company responsible for wage theft attacks workers for high wages growth, it’s time for a fact check.

AAP

Casual worker changes threaten jobs: Wesfarmers chair

Corporate heavyweight Michael Chaney says proposed changes to Australia's labour laws would add complexity and cost.

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Crikey

Voice proves Australian politics needs more people and less money

Is the big corporate money being thrown at the Voice referendum genuine altruism or just good for the brand?

Crikey

Richard Goyder’s days as Qantas chairman are numbered — and deservedly so

Having lost his prized status as doyen of corporate Australia, it’ll be a miracle if the Qantas chairman lasts till Christmas.

Crikey

Casuals, permanents and the weird world of industrial relations ‘flexibility’

Employers reckon the government’s changes to casual work regulation will somehow cut wages and increase business costs at the same time.

The Independent UK

Major Australian media outlet apologises for ‘racist’ full-page ad featuring Indigenous people

Ad shows Wesfarmers chair Michael Chaney handing money to Indigenous leader Thomas Mayo

The Conversation

Grattan on Friday: Linda Burney fills the Voice's in-tray, as the government battles to stop slide in yes vote

In a change of government tactics, Linda Burney this week deployed a sheet anchor to tie the Voice to practical outcomes. At the same time, Opposition Leader Peter Dutton is weaponising the cost of living to flail it.

The New Daily

‘Significant earnings’: Kmart cashes in as shoppers hunt low prices amid cost-of-living crisis

Australian shoppers are flocking to discount chain Kmart as the cost of living crisis bites, with the company unveiling a big result.

AAP

Kmart and Bunnings help fuel bumper Wesfarmers result

Kmart and Bunnings owner Wesfarmers has hiked its dividend by 10 per cent after delivering $1.38 billion in profit on $22.6b in revenue.

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