ASX VIDEO 31 October Profit is a “dirty word” says Wesfarmers Chairman

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=yaHNq_pdWCA

Full story: https://grafa.com/news/market-update-... • Profit is a dirty word in Canberra, says Wesfarmers. Gina Reinhart swoops in on Minres's gas permits. And JB Hi-Fi reports strong sales growth. This is the Graffer Daily ASX Market Update. Now let's take a look at the big stories of the day. Wesfarmers Chairman Michael Cheney has slammed Canberra, calling profit a dirty word among some politicians. He argues that large businesses like Wesfarmers are crucial to the Australian economy and recent policy changes are hindering productivity growth. Also making news, Mineral Resources has sold its Perth Basin exploration permits to Gina Reinhart's Hancock Prospecting for $1.1 billion. Meanwhile, the company is set to release the findings of an investigation into the tax affairs of its Managing Director, Chris Ellison, by Monday. And finally, JB Hi-Fi has reported strong sales growth in the September quarter, with a particular surge in New Zealand. Let's check how the markets are tracking. The ASX is flat with utilities trading lower. Stay up to date with all the breaking news as it happens by checking out graffer.com. • #Business #News #Australia #NewZealand #Productivity #ASX #Grafa

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