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Head of Wesfarmers' chemicals, energy and fertilisers unit to exit

From hardware giant Bunnings and retailer Kmart, to the emerging lithium business and health unit, Mr Scott says Wesfarmers is well-placed amid a slower economic environment.

TWE ASX: Treasury Wine puts December deadline on cheaper brand demerger

The country’s largest wine producer says it could split the business to focus exclusively on luxury labels like Penfolds, where demand is rising rapidly.

SM1 ASX: Synlait Milk races to raise capital and sell assets to repay debt

Around $120 million was due on Thursday, but the New Zealand-headquartered group has won three more months to find the money for its lenders.

China wine tariffs: Restrictions on Australian producers removed after three years in boost to Treasury Wines, Accolade

Bejing is removing the crippling tariffs on Australian wine exports from March 29, but it will be a hard road back for wine groups other than Penfolds owner Treasury Wine Estates.

Handforth tree memorial for soldier killed in Afghanistan unveiled