Page 2 - Rishav Chatterjee News Today

Australias Woolworths warned of continued caution among consumers and cost-of-living pressures on Thursday, even as inflation moderated, as the supermarkets operator faced a slowdown in sales from...

Australian retailer Woolworths on Wednesday said it was selling a 5% stake in Endeavour Group, which operates liquor stores and pubs, generating proceeds of A$468 million . The sale will...

-Australias Woolworths reported a rise in third-quarter sales on Thursday, boosted by an improving performance in the food retail segment, but warned of continued consumer caution... -May 01, 2024 at 07:04 pm EDT - MarketScreener

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 me...

(Reuters) -Australia's Coles flagged deflation in its fresh produce and meat products, with a moderation in price rises across its broader packaged categories amid a cost-of-living crisis sparked by stubbornly high inflation. The supermarket operator, which competes with bigger rival Woolworths, posted a 3.4% rise in third-quarter revenue on Tuesday, reflecting a jump in sales at its primary supermarkets operation helped by strong volume growth. Inflation numbers in Australia have eased o...

(Reuters) -Australian retailer Woolworths said on Wednesday that it would sell a 5% stake worth A$468 million ($302.84 million) in Endeavour Group, almost three years after spinning out the liquor store and pub operator. The sale will happen via a block trade at a price of A$5.22 per share, Australia's largest supermarket operator said, adding that it would now own about 4.1% of Endeavour, which it spun out as a separate company in 2021. Shares of Woolworths slipped 0.4%, while those of E...

Australias Perpetual on Monday confirmed it had entered into exclusive talks with global investment firm KKR & Co for the potential acquisition of the financial services firms corporate trust and...

Singtel: TPG expects to pay a total of around A$1.17 billion ($765 million) over the 11-year agreement term.

Singapore-listed Wilmar International reported a 14% drop in its first-quarter net profit on Monday, hurt by weak performance from its sugar merchandising division and the feed and industrial...

Australias TPG Telecom and Optus, owned by Singapore Telecommunications, have signed network sharing agreements to increase TPGs coverage and cut capital spending, the companies said on Monday. ...