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Australia s Woolworths Q3 Sales Rise; Flags Cautious Consumer Sentiment

Australia s Woolworths Q3 Sales Rise; Flags Cautious Consumer Sentiment
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

Australia s Woolworths Q3 sales rise; flags cautious consumer sentiment

SYDNEY (Reuters) -Top Australian supermarket chain Woolworths said shelf prices had fallen in the March quarter as it competed for customers facing persistently high living costs, offsetting a consumer backlash but frustrating investors who sent shares lower. The quarterly update on Thursday shows the narrow path for Woolworths and No.2 rival Coles, which dominate Australian grocery sales. For Woolworths, which gets nearly 40 cents of every dollar spent by Australians in a supermarket, that meant cutting prices of fruit, vegetables and meat, which dragged down average prices by 0.2% in the 13 weeks to end-March, from a 5.8% increase in the same period a year earlier.

Axiata, Sinar Mas closer to $3 5 billion telco merger in Indonesia, Bloomberg says

Malaysian conglomerate Axiata Group and Indonesian group PT Sinar Mas are going ahead with plans to merge their telecom operations in Indonesia to create a $3.5 billion entity, Bloomberg News.

Factbox-Anglo American, BHP mining operations around the world

(Reuters) - British multinational miner Anglo American on Thursday said it had received an all-share takeover proposal from the world's largest listed miner, BHP Group. The deal, if agreed, would give BHP access to more copper, one of the most soug.

Factbox-Anglo American, BHP Mining Operations Around the World

Factbox-Anglo American, BHP Mining Operations Around the World
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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