The big result | David Errington, the veteran Bank of America retail analyst is famous for asking chief executives the curly questions on analysts’ calls. And he showed no mercy to the newish boss of Woolworths, Amanda Bardwell.

The market knew Woolies’ December result would be disappointing after the group was hit by industrial action, supply chain issues and customer discontent following the ACCC’s legal action over allegedly dodgy discounts. But earnings from the supermarket giant’s flagship Australian food business came in weaker than expected, and Errington noted that even after stripping out those one-off issues, EBIT still fell against the prior year.