The head of hardware giant Bunnings has revealed the business has already seen a small number of employees quit over opposition to vaccination.
Wesfamers and Mitsui are looking to export low-carbon ammonia from WA to Japan in a move that could see heavy industry developed in WA’s Mid-West.
‘Getting spooked is not a reason to write out a blank cheque,’ says Sigma’s largest shareholder,Allan Gray’s Simon Mawhinney in his full-throated criticism of Sigma outbidding giant Wesfarmers for Priceline owner API.
A small group of powerful men,and increasingly women,dominate the boards of Australia’s biggest companies. And some fear the group is too small.
Retail giant Wesfarmers appears in pole position to take over pharmaceutical wholesaler Australian Pharmaceutical Industries (API) after sweetening its offer.
Wesfarmers boss Rob Scott while he wasn’t calling for a reinstatement of the JobKeeper program,fresh stimulus in some form should be a “live issue” for the federal government.
Ongoing COVID lockdowns are not expected to stop companies opening the purse strings to pursue acquisitions or return cash to investors via buybacks and dividends.
Shareholders in takeover target API believe it’s likely Wesfarmers will make a higher offer after having its initial bid rejected by the company’s board.
Wesfarmers is hoping to establish itself as a sizable player in Australia’s $20 billion pharmacy industry after a surprise bid for local pharmaceutical retailer API.
Businesses could send in their own medical teams to help vaccinate the public in states and territories with worker shortages.
Wesfarmers chief executive Rob Scott has stressed the importance of getting Australians vaccinated quickly so the country could put an end to repeated lockdowns.