UPDATE 4-Australia's Woolworths to offload drinks, pubs units amid slot machine pressure [Reuters]
WESFARMERS LTD UNSP/ADR (WFAFY)
NASDAQ:AMEX Investor Relations:
wesfarmers.com.au/investor-centre
Company Research
Source: Reuters
UPDATE 4-Australia's Woolworths to offload drinks, pubs units amid slot machine pressure - Reuters 4 Min Read * Woolworths says the move will simplify both businesses * Demerger follows years of pressure over slot machines * Woolworths shares rise to over 1-month high (Adds fund manager comment) By Byron Kaye and Nikhil Nainan SYDNEY/BENGALURU, July 3 (Reuters) - Australia’s biggest supermarket chain Woolworths Group Ltd said on Wednesday it will combine and spin off its drinks and pubs units to focus on its core business, cutting back its contentious involvement in poker-machine gambling. The demerger would give investors exposure to a standalone listed operator of 1,500 liquor stores and 327 pubs worth about A$10 billion ($7 billion), according to analysts, while reducing family-focused Woolworths’ reliance on slot machine revenue. It also marks the beginning of the end of the major retailers’ addiction to poker machine revenue, after Woolworths rival Coles Group Ltd said in March i
Show less
Read more
Impact Snapshot
Event Time:
WFAFY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WFAFY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WFAFY alerts
High impacting WESFARMERS LTD UNSP/ADR news events
Weekly update
A roundup of the hottest topics
WFAFY
News
- Those who invested in Wesfarmers (ASX:WES) five years ago are up 124% [Yahoo! Finance]Yahoo! Finance
- Calculating The Fair Value Of Wesfarmers Limited (ASX:WES) [Yahoo! Finance]Yahoo! Finance
- Geek+ and Ferag Announce APAC Supply and Integration Partnership [Yahoo! Finance]Yahoo! Finance
- Golden Horse Identifies Lithium Anomaly at Southern Cross North Project [Yahoo! Finance]Yahoo! Finance
- Go West: Why The Sun Is Yet To Set On Perth's Economy [Forbes]Forbes