Good afternoon, Wesfarmers chairman Michael Chaney has delivered a robust defence of profitable companies such as the Bunnings and Kmart owner, rejecting the notion that profit is "dirty word" as major retailers including Woolworths hold their annual shareholder meetings. Coles, meanwhile, is pouring another $880m into a new robotic distribution centre to enhance its supply chain. Gina Rinehart's $1.13bn deal to buy MinRes gas assets not only takes the heat off her friend and fellow mining billionaire Chris Ellison , but also means she plans to supply gas to the market as soon as possible. |