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Ask A Fund Manager: Sage Capital's Sean Fenton also reveals why everyday investors shouldn't expect perfection when picking shares.

Retailers set to raise prices as shipping, commodity costs soar Share Consumers have been warned to brace for higher prices on products ranging from imported food to clothing, footwear, furniture, hardware and toys as a surge in shipping costs adds to pressure on commodity prices. Retailers said shipping costs had tripled in 12 to 15 months while prices for commodities and materials ranging from palm oil and PVC to timber, steel and aluminium had soared due to strong global demand, container shortages and logjams in ports. Spot shipping rates for some retailers have tripled during the pandemi...

Metcash Spending Up On Growth Mar 17 2021 Metcash has outlined a wide ranging strategy to accelerate growth in hardware and retain recently-acquired market share in food, although the amount of expenditure is a little eye watering -Mitre 10 to account for 80% of division sales by FY24 -Regional growth providing impetus to food division sales -Retention of market share gains key to a re-rating   By Eva Brocklehurst Metcash ((MTS)) has shaken the market out of its lethargy, revealing substantial growth plans for its hardware division while accelerating its supermarket refurbishments and expand...

Metcash to spend $375m to underpin growth Share Wholesaler Metcash will spend $375 million over the next three years refurbishing stores, expanding e-commerce and improving its prices and range to retain the new customers it won from Coles and Woolworths during the pandemic. About $65 million of the new capex, which was unveiled on Tuesday as part of a reset of Metcash’s five-year MFuture growth strategy, will be spent expanding the wholesaler’s fledgling online food and liquor businesses, future-proofing its independent retailer network amid an accelerating shift to e-commerce. Metcash I...

Premium Content Subscriber only AN IPSWICH man with a history of stealing alcohol has appeared in court on a string of news charges, with his lawyer revealing he is battling drug addiction. Jai Russell Elliott, 29, from Goodna, pleaded guilty to 25 charges including seven counts of stealing; three counts of stealing with a previous conviction; three counts of being in possession of tainted property; four counts of being in possession of drug utensils; possessing property suspected of being used in a drug offence; possession of a knife; obstructing police; wilful damage to a police cell, and...