API board plays for time afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Switzer Daily
23 July 2021
Health
and wellness brand company Wellnex Life has rejoined the local bourse under the
code WNX following the completion of an 18-month strategic reshuffle of its
operations and product ranges.
The
relisting represents the culmination of months of work during which CEO George
Karafotias has overseen the acquisition of Brand Solutions Australia and raised
$2.2 million in new capital to fund Wellnex’s growth targets.
“The
past 18 months have seen us completely reshape the old Wattle Health into
something bold, new, and ready to meet Australia’s growing desire to better
manage their own health,” Mr Karafotias said.
ASX rises despite lockdowns as BHP hits record afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
July 13 (Reuters) - Australian shares rose on Tuesday for a second straight session, as heavyweight miners and banks advanced while strong cues from Wall Street also aided investor sentiment.
The S&P/ASX 200 index climbed 0.6% to 7,374.8 by 0100 GMT, after closing 0.8% higher on Monday.
Elsewhere, Japan’s Nikkei was up 0.9% and S&P 500 E-minis futures were relatively flat.
Miners were the top gainers on the Australian benchmark, extending gains from Monday and hitting a two-month high.
Rio Tinto Ltd and BHP Group Ltd rose 1.1% and 0.5%, respectively, while Fortescue Metals Group added 1%.
Financials gained 0.5%, with the so-called “Big Four” banks trading in positive territory. Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corp and Australia and New Zealand Banking Group added between 0.2% and 0.9%.
This story features WESFARMERS LIMITED, and other companies. For more info SHARE ANALYSIS: WES
Wesfarmers has flagged its planned expansion into the personal care, health and well-being sector with a surprise bid for Australian Pharmaceutical Industries
-A strategic acquisition to expand opportunities post the pandemic
-Yet Australian Pharmaceutical has downgraded FY21 guidance
-Will the Wesfarmers bid be a catalyst for the personal care, health sector?
By Eva Brocklehurst
Not content being a hardware, discount department store and office retail conglomerate, Wesfarmers ((WES)) is planning to expand its territory into the personal care, health and well-being sector, seeking growth opportunities post the pandemic.