Business
ASX rises 0.8% to new heights; Energy firms lead after oil price jump – The Sydney Morning Herald
The ASX 200 continued its record rise, lifting 0.8 per cent at the open. All sectors were ahead, with energy and utility stocks leading on an oil price jump.
Retail giant Wesfarmers has warned of volatile and negative sales at its major retailers Kmart, Target, Bunnings and Officeworks in recent months as the company struggles to match the roaring growth seen through COVID last year.
In a high-level trading update provided to investors ahead of Wesfarmers strategy day on Thursday, the Perth-based retail conglomerate said its retail businesses had seen significant volatility in its monthly sales growth.
In a high-level trading update provided to investors…
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