** Shares of Wesfarmers WES.AX rise 0.8% to A$72.34, their highest levels since Jan 10
** The conglomerate says its loss-making e-commerce retailer Catch will cease to operate as a stand-alone entity in Q4
** Co expects Catch to report an operating loss before tax of between A$38 mln ($23.68 mln) and A$40 mln, for HY ended December
** Stock rose as much as 1.4% earlier in the day, marking its biggest intraday gain since Jan 10
** Stock up nearly 2% this year, including the day's move
($1 = 1.6049 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.