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-Australia's Coles Group posted a 3.6% jump in first-quarter sales on Thursday, boosted by higher contribution from its supermarkets section owing to strong food volume growth, as consumers... -October 25, 2023 at 05:51 pm EDT - MarketScreener
(Reuters) -Australia's Coles Group posted a marginal rise in its first-quarter sales on Thursday, boosted by higher contribution from its supermarkets section, owing to strong food volume growth as consumers increasingly opted for at-home consumption. The Supermarkets division, Coles' biggest revenue-generator, logged sales revenue of A$9.19 billion for the quarter, a 4.7% growth from a year-ago period, as easing prices boosted volumes. Still, the revenue growth missed Jefferies' expectation of a 5.8% rise and E&P Capital's 5% estimate, and was also below bigger riva...
Australia's energy regulator initiated on Thursday a lawsuit against Santos Ltd saying the oil and gas producer breached auction record-keeping rules between March 2019 and June 2021. ...
Australia's ANZ Group acknowledged a Federal Court decision that said the bank should have advised the market of the joint lead managers bought shares in its 2015 institutional share placement worth... -October 13, 2023 at 03:09 am EDT - MarketScreener
The country's Federal Court found the third-largest lender guilty of breaking disclosure laws by failing to notify the market that between A$754 million and A$791 million of the shares were acquired by its underwriters instead of being placed with investors. The Australian Securities and Investments Commission (ASIC) in September 2018 sued ANZ over the issue, while the competition regulator in June 2018 filed criminal cartel charges against the lender and its two investment banks, Citigroup Inc and Deutsche Bank AG.