Australian Share Market
Australian Share Market
collins foods share price
Wesfarmers Cuts Coles Seeking Growth
wesfarmers spinning off ColesThe decision to spin-off Coles comes after a portfolio review. As with many spin-offs, Wesfarmers shareholders will receive a proportional number of Coles shares. Many of those shares will go to fund managers, who own more than 80% of Wesfarmers stock. They’ll have separate boards and management. Wesfarmers will still trade under the ticker WES, but Coles could soon be a new admission to the ASX.
One of the Best Assets to Own
ASX Ltd and crypto exchanges will be one of the best assets to ownBitcoin isn’t the best asset coming out of the crypto space. Well, not yet anyway. The best assets in the crypto world are the toll bridges all crypto investors have to go through. The ASX Ltd [ASX:ASX] is a great company. They are one of the most profitable market operators in the world. They act as a toll bridge between investors and securities like stocks, futures and options.