DataRoom AM: Wesfarmers spin-off?

Wesfarmers may announce a float of its insurance broking business, while Burson Automotive is also tipped for an IPO.

Is Wesfarmers about to flog its second insurance-related business in three months? We could find out about an IPO as soon as this morning. Quadrant Private Equity is also thinking about floats, with Burson Automotive on the starting grid.

Meanwhile, Malcolm Turnbull has put media ownership back on the legislative agenda, Goldman Sachs is getting a nickel or two out of BHP Billiton and GrainCorp won’t let us forget about Archer Daniels Midland.

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