ASX Announcements
Today
Shoppers’ anger makes ‘Colesworth’ the word of the year
The language researchers who help compile Oxford University’s Australian dictionaries track the words that have gained prominence over the past 12 months.
- Sam Buckingham-Jones
Yesterday
Woolworths suppliers put on ‘holiday’ for price pushback, ACCC hears
The competition regulator’s public hearings have been told some producers did not receive any orders from the supermarket if they refused to drop prices.
- Carrie LaFrenz
This Month
- Opinion
- Chanticleer
The moment the ACCC boss put the heat on Woolies
The competition regulator is clearly sceptical about the way the supermarket giants use discounts, and whether the market is really competitive.
- James Thomson
Inside the two weeks from hell for the country’s biggest supermarkets
This week, Woolworths chief executive Amanda Bardwell and Coles’ Leah Weckert will have a chance to tell their side of the story in hearings run by the ACCC.
- Tom McIlroy and Carrie LaFrenz
Supermarkets face earnings crunch if loyalty schemes are dismantled
Macquarie warns of a drag on the performance of Coles and Woolworths if the competition watchdog disrupts their customer retention programs.
- Carrie LaFrenz
Coles chairman says cost of living has been ‘politicised’
James Graham told the comapny’s AGM that supermarkets are being targeted unfairly by politicians.
- Updated
- Carrie LaFrenz
- Opinion
- Chanticleer
Aldi proves populism won’t cut grocery prices
Breaking up Coles and Woolworths makes for a populist soundbite, but Aldi’s evidence at the ACCC supermarket inquiry suggests it wouldn’t drive grocery prices down.
- Updated
- James Thomson
- Exclusive
- Supermarkets
Red flag over Choice’s taxpayer-funded grocery price watch
The consumer advocacy group has overstated the difference in prices between the big supermarkets and discount store Aldi, a Wall Street investment bank says.
- Carrie LaFrenz
Fruit growers want Coles and Woolies to give them inside information
Fresh produce growers and industry groups want the supermarket giants to share more data from their checkout scanners, to improve supply chains.
- Tom McIlroy
If you want the top job, say so: Coles CEO
Leah Weckert has some refreshingly honest career advice for aspiring executives, particularly women.
- Patrick Durkin
Suppliers say supermarkets rule the power dynamic
Food and grocery manufacturers claim supermarkets have the upper hand in a price setting process that can lead to sensitive business information being disclosed.
- Carrie LaFrenz
- Opinion
- Chanticleer
Weckert and Wikramanayake paint a bigger picture on profits
Big business deserves big scrutiny. But we shouldn’t lose sight of the bigger picture that the Coles and Macquarie bosses are painting on why profits are important.
- James Thomson
Joe Aston on Qantas | Supermarket profit squeeze | Super sector’s sleeper threat
This week, James and Anthony welcome guest star Joe Aston to talk Qantas and politics, reveal why there’s fresh bad news for supermarkets, and ask what’s bothering our biggest super funds.
Coles CEO warns Canberra on profit blame game
Leah Weckert has backed warnings by Wesfarmers chairman Michael Chaney that “profit has become a dirty word” as she urged greater collaboration to tackle food inflation.
- Patrick Durkin and Hannah Wootton
October
Home brands have had a makeover - and customers love it
As families faces stubbornly high mortgage and utilities bills, they are increasingly turning to Woolworths and Coles’ own brands. It is a lucrative sale.
- Gus McCubbing
- Updated
- Supermarkets
Coles bets on fewer but steeper discounts to lure shoppers
Unlike its larger rival Woolworths, the average price at the company’s stores continues to increase – although at a much slower pace than previous quarters.
- Updated
- Carrie LaFrenz
Rinehart’s $1b MinRes deal; ‘Garbage’ row erupts; Coles’ big squeeze
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
What a $9.50 block of cheese says about Coles’ big squeeze
The supermarket giant is using hefty discounts to woo increasingly disloyal customers. It’s just one element squeezing the company’s profits.
- James Thomson
- Updated
- Supermarkets
Woolworths warns of profit hit as discounting cuts into prices
Falling prices at the country’s largest supermarket come as underlying inflation is also lowering. But few economists expect interest rate cuts this year.
- Updated
- Carrie LaFrenz
2024’s most powerful and influential directors revealed
As AGM season gathers pace, the BOSS index of the country’s most powerful and influential directors reveals a new cohort rising through the ranks.
- Patrick Durkin