Business
Wesfarmers dangles capital management carrot after bumper result – The Australian Financial Review
CEO Rob Scott has not ruled out returning capital when COVID-19 uncertainties have eased.
If in the future we didnt have surplus franking credits and we wanted to do capital management, wed need to look at a capital return, which takes longer and requires shareholder approval.
Mr Scott said he felt more confident now than he did six months ago and believed the groups retail businesses would continue to thrive even as the COVID-19 vaccine was rolled out and consumers became more confident getting out and about.
There are fears that as more Australians are vaccinated, snap lockdowns are…
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