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South Africa's Pick n Pay bets on essential staples to boost Black Friday sales

South Africa's Pick n Pay bets on essential staples to boost Black Friday sales JOHANNESBURG, Nov 21 (Reuters) - South Africa's third biggest grocery retailer Pick n Pay PIKJ.J is banking on staple grocery items to drive sales among cautious consumers in the crucial shopping month of November leading up to the holiday season. The retailer has expanded its early Black Friday deals to prioritise everyday staples in response to a growing trend among shoppers to prioritise essential purchases during
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Woolworths Group Intends To Defend Class Action Proceedings

BRIEF-Woolworths Group Intends To Defend Class Action Proceedings Nov 15 (Reuters) - Woolworths Group Ltd WOW.AX : ACKNOWLEDGEMENT OF CLASS ACTION PROCEEDINGS WOOLWORTHS GROUP INTENDS TO DEFEND CLASS ACTION PROCEEDINGS. INTENDS TO DEFEND CLASS ACTION PROCEEDINGS. NOTIFIED THAT CLASS ACTION PROCEEDINGS HAVE BEEN COMMENCED IN FEDERAL COURT OF AUSTRAL
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Australian shares gain as miners and banks advance

Australian shares gain as miners and banks advance Nov 15 (Reuters) - Australian shares rose on Friday, led by index heavyweights miners and banks, while Woolworths and Coles said they would defend a class action lawsuit that alleged the retailers promoted misleading discount claims on everyday products. The S&P/ASX 200 index .AXJO rose 0.6% to 8,269.4 by 0011 GMT, after a 0.4% gain on Thursday.
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Australia's grocery giant Woolworths up on intention to defend lawsuit

BUZZ-Australia's grocery giant Woolworths up on intention to defend lawsuit ** Shares of Woolworths WOW.AX rise as much as 1.1% to A$29.510, logging its best day since Nov. 8 ** The supermarket chain said it would defend lawsuit filed against co by a law firm over the retailer's alleged misleading discount claims ** Stock is down 1.7% so far this week, on track for its worst week since week-ending Nov.
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Australia's Woolworths, Coles to defend lawsuit over discounts

UPDATE 3-Australia's Woolworths, Coles to defend lawsuit over discounts Coles & Woolworths shares jump most in one week Lawsuit follows similar consumer watchdog proceedings Consumer protection law firm seeks refunds for customers Pricing practice was strategy to navigate inflation, says analyst Adds share moves in paragraph 2, analyst comments in paragraph 10 By Rajasik Mukherjee Nov 15 (Reuters) - Australian grocers Woolworths WOW.AX and Coles COL.AX said on Friday they would defend class acti
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GMP Law Files Class Action Against Coles And Woolworths

BRIEF-GMP Law Files Class Action Against Coles And Woolworths Nov 14 (Reuters) - Gerard Malouf & Partners: CLASS ACTION AGAINST COLES AND WOOLWORTHS LAUNCHED IN FEDERAL COURT OVER ALLEGED MISLEADING DISCOUNT CLAIMS CLASS ACTIONS AIM TO SECURE FINANCIAL REDRESS FOR AUSTRALIANS WHO MAY HAVE BEEN MISLED BY THE SUPPOSED DISCOUNTS
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Australia's Woolworths, Coles face class action over dodgy discount claims

UPDATE 4-Australia's Woolworths, Coles face class action over dodgy discount claims Adds Woolworths' response in paragraph 7 Nov 14 (Reuters) - An Australian consumer protection law firm has launched a class action lawsuit against the country's top two supermarkets, Woolworths WOW.AX and Coles COL.AX , alleging the retailers promoted misleading discount claims on everyday products.
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Aussie law firm takes Woolworths, Coles to court over discount claims

Aussie law firm takes Woolworths, Coles to court over discount claims Nov 14 (Reuters) - Australian law firm Gerard Malouf & Partners on Thursday said it had filed class action lawsuits against the country's top two retailers, Woolworths WOW.AX and Coles COL.AX , for allegedly encouraging misleading discount claims on everyday products. Reporting b
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Australia regulator to ramp up focus on protecting consumer savings

Australia regulator to ramp up focus on protecting consumer savings Nov 14 (Reuters) - Australia's corporate watchdog said on Thursday its focus next year will be on protecting consumers bearing the brunt of rising cost-of-living pressures by clamping down on wrongdoing across the financial sector. The Australian Securities and Investments Commission (ASIC) said it would intensify its spotlight on misconduct that exploits retirement savings, with a particular focus on unscrupulous property inves
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Bell Potter initiates coverage on Australia's Woolsworth with "hold"

BUZZ-Bell Potter initiates coverage on Australia's Woolsworth with "hold" ** Bell Potter starts coverage on Woolworths WOW.AX with "hold", PT of A$31.75 ** Cites co's greater relative exposure to discretionary categories that are likely to face sector headwinds in near-term among others for "hold" rating ** Anticipates growth to resume beyond FY25
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Aussie supermarket operator Coles eyes worst week in 1 month as sales slow

BUZZ-Aussie supermarket operator Coles eyes worst week in 1 month as sales slow ** Shares of supermarket chain operator Coles COL.AX fall 3.3% for the week, heading for its worst week since Sept 23 ** Stock fall as much as 1.3% to A$17.36 for the day, hitting lowest level since July 12 ** Coles reported a slowdown in comparable sales in the first q
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Street View: Brokerages cut Coles PT; industry faces challenges and uncertain outlook

BUZZ-Street View: Brokerages cut Coles PT; industry faces challenges and uncertain outlook ** Australian supermarket operator Coles COL.AX posted a slowdown in comparable sales in first quarter due to lower shelf prices for its products ** Coles, which operates with market leader Woolworths WOW.AX , along with its bigger rival, have been under pressure to cut prices of its products ** COL dropped 0.6% on Thursday and is up 9.2% YTD UNCERTAIN OUTLOOK AMID NUMBER OF CHALLENGES ** Analysts at J.P.
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Woolworths Says Board Does Not Support Proposed Resolutions On Farmed Seafood From Macquarie Harbour

BRIEF-Woolworths Says Board Does Not Support Proposed Resolutions On Farmed Seafood From Macquarie Harbour Oct 31 (Reuters) - Woolworths Group Ltd WOW.AX : BOARD DOES NOT SUPPORT PROPOSED RESOLUTIONS ON FARMED SEAFOOD FROM MACQUARIE HARBOUR Further company coverage: WOW.AX
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Australia's Coles posts slower Q1 sales growth amid shelf price scrutiny

UPDATE 3-Australia's Coles posts slower Q1 sales growth amid shelf price scrutiny Updates with share moves in paragraph 5, analyst comments in paragraphs 8 and 10 Coles records 2.4% rise in comparable sales Co posts 2.9% jump in Q1 group sales revenue Jefferies says Coles' commentary 'more upbeat' than rival Woolworths By Shivangi Lahiri Oct 30 (Reuters) - Australia's Coles COL.AX saw a slowdown in comparable sales in the first quarter on Thursday due to lower shelf prices for its products, even
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Too early to buy either Woolworths or Coles, Jefferies says

BUZZ-Too early to buy either Woolworths or Coles, Jefferies says ** Analysts at Jefferies lower PT on Australian supermarket giant Woolworths WOW.AX to A$30 from A$36; keep stock rating at "hold" ** Jefferies says it is too early to buy WOW, or its peer Coles ** Brokerage says Woolworths, commonly known as "Woolies" , appears to be responding to th
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Asia Morning Call-Global Markets

Asia Morning Call-Global Markets Oct 31 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8180.4 -68.8 NZX 50** 12694.84 -88.52 DJIA 42263.8 +30.75 NIKKEI** 39277.39 +373.71 Nasdaq 18704.486 -8.262 FTSE** 8159.63 -59.98 S&P 500 5831.25 -1.67 Hang Seng** 20380.64 -320.5 SPI 200 Fut 8206 -2 STI** 3558.88 -31.48 SSEC** 3266.2378 -20.1692 KOSPI** 2593.79 -24.01 ---------------------------------------------------------------------------------------- Bonds Bonds JP 10 YR Bond 0.9
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Australian shares fall as banks and Woolworths drag

Australian shares fall as banks and Woolworths drag Benchmark stock index marks lowest close since Oct 8 Consumer stocks fall to lowest since late May Australia Q3 inflation slows to 3-1/2-year low Updates to close By Ayushman Ojha Oct 30 (Reuters) - Australian shares fell on Wednesday, as banks lost ground and top grocer Woolworths led consumer stocks lower after warning about lower food earnings, while sticky core inflation cemented views that the central bank will not cut rates until next yea
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Australia inflation slows to 3-1/2 year low, but sticky core to push RBA cut to 2025

UPDATE 4-Australia inflation slows to 3-1/2 year low, but sticky core to push RBA cut to 2025 Headline CPI at 2.8% in Q3, back in RBA's target band of 2-3% Core sticky at 3.5%, services inflation picks up Data supports view of 2025 rate cuts; muted reaction in markets Adds CBA giving up their Dec rate cut call By Stella Qiu SYDNEY, Oct 30 (Reuters) - Australian consumer price inflation slowed to a 3-1/2 year low in the third quarter, though the core measure was still sticky and reinforced market
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Banks drag ASX 200 ahead of inflation data; Woolworths drops on lower outlook

Banks drag ASX 200 ahead of inflation data; Woolworths drops on lower outlook Oct 30 (Reuters) - Australian shares slipped on Wednesday, with banks leading the losses ahead of local inflation data, while supermarket giant Woolworths emerged as one of the major drags in the benchmark after flagging lower profit for the first half of the year. The S&P/ASX 200 index .AXJO was down 0.2% at 8,230.4 points, as of 2329 GMT.
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Supermarket operator Coles falls as it mirrors rival Woolies' share drag

BUZZ-Supermarket operator Coles falls as it mirrors rival Woolies' share drag ** Shares of Australia's Coles COL.AX fall as much as 3.5% to A$17.49 ** Stock hits lowest since mid-July and is on track for weakest trading session since Sept 23 ** Coles is Australia's second largest supermarket operator and grocer, behind larger rival Woolworths WOW.A
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