Page 34 - Rob Scott News Today

Kmart products driving Australians instore revealed

The Australian Financial Review: Photos of the Week, February 17, 2023

This week the Chanticleer podcast looks at a warning sign in CBA’s booming profits, whether RBA governor Philip Lowe will withstand a political storm, and the most interesting thing CEOs told them during profit season.

Most listed retailers are in much better shape now than they were pre-pandemic, and could arguably afford to sacrifice some margin gain.

Ground Breakers: FMG dividend falls as weaker iron ore prices force 15% profit cut and barely $850m for Twiggy

Reserve Bank governor Philip Lowe has shrugged off political pressure over interest rate rises that are squeezing households, telling senators it was “easier for me to do unpopular things”.

The Wesfarmers Ltd (ASX: WES) share price could be in for a big day after the company posted its earnings for the first half this morning.

Wesfarmers increases dividends on a cheerful bricks-and-mortar result for 1HY23.

CEO Rob Scott said high inflation and rising interest rates will mean a bigger focus by shoppers on value.

(Reuters) - Australian retail conglomerate Wesfarmers Ltd on Wednesday posted double-digit growth in first-half profit, with robust market conditions