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Woolworths

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Reuters - 5 ore fa

Woolworths Announces Resignation Of Natalie Davis as Woolworths Supermarkets' Managing Director

BRIEF-Woolworths Announces Resignation Of Natalie Davis as Woolworths Supermarkets' Managing Director July 30 (Reuters) - Woolworths Group Ltd WOW.AX : RESIGNATION OF NATALIE DAVIS RESIGNATION OF NATALIE DAVIS, MANAGING DIRECTOR, WOOLWORTHS SUPERMARKETS Source text for Eikon: ID:nASX2r8kYb Further company coverage: WOW.AX
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Reuters - 7 ore fa

Ramsay Health Care names former Woolworths director as CEO

Ramsay Health Care names former Woolworths director as CEO July 30 (Reuters) - Hospital operator Ramsay Health Care RHC.AX has named former Woolworths WOW.AX executive Natalie Davis as its CEO , the companies said on Tuesday. Davis, the former managing director of the supermarkets business at the Australian retail giant, will take over the role from incumbent Craig McNally starting October.
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Reuters - 1 settimana fa

Tasmanian 'Eco-Milk' tests shoppers' thirst for climate-friendly dairy

Tasmanian 'Eco-Milk' tests shoppers' thirst for climate-friendly dairy By Peter Hobson CANBERRA, July 22 (Reuters) - A small dairy in Tasmania is stocking supermarket shelves with what it says is the world's first branded milk produced by cows fed with a seaweed that makes them emit lower levels of environmentally damaging methane gas. The livestock industry accounts for around 30% of global methane emissions, according to the United Nations.
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Reuters - 1 settimana fa

Bell Potter initiates coverage for Southern Cross Electrical Engineering with 'buy' rating

BUZZ-Bell Potter initiates coverage for Southern Cross Electrical Engineering with 'buy' rating ** Bell Potter initiates coverage for Australia's Southern Cross Electrical Engineering SXE.AX with a "Buy" rating at a target price of A$2.10 per share ** "We expect SXE will deliver EPS growth of 41.3% in FY25, with our FY25 EBITDA estimate of $53.8m c
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Reuters - 1 mese fa

Sticky inflation restricts 1H gains for Aussie staple consumer firms

BUZZ-Sticky inflation restricts 1H gains for Aussie staple consumer firms ** Australian staple consumer stocks .AXSJ on track to gain a meagre 1% in 1H24, underperforming the broader benchmark index .AXJO ** Top Aussie supermarket chain Woolworths Group WOW.AX has lost 9.6% in 1H24, eyeing its worst half-year since 2016 ** Sticky inflation across the spectrum has meant consumers are cutting down on spending ** Westpac senior economist says pessimism prevails among consumers and high inflation ha
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Reuters - 1 mese fa

Morgan Stanley flags margin pressure for Australia's Metcash amid high costs

BUZZ-Morgan Stanley flags margin pressure for Australia's Metcash amid high costs ** Analysts at Morgan Stanley say supermarket wholesaler Metcash Ltd's MTS.AX retail margins are under pressure due to rising costs ** Co posts FY net profit attributable A$257.2 million ($170.50 million), lower than A$259 million recorded last year ** Shares rise as
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Reuters - 1 mese fa

Woolworths Announces Response To Final Food And Grocery Code Review

BRIEF-Woolworths Announces Response To Final Food And Grocery Code Review June 24 (Reuters) - Woolworths Group Ltd WOW.AX : RESPONSE TO FINAL FOOD AND GROCERY CODE REVIEW NOTE FEDERAL GOVERNMENT’S RESPONSE TO FINAL REPORT’S RECOMMENDATIONS, WHICH WE ARE CONSIDERING IN DETAIL REITERATES SUPPORT FOR CODE BECOMING MANDATORY AND BELIEVE HEALTHY RET
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Reuters - 1 mese fa

Australia to make supermarket industry code mandatory, breaches may result in huge fines

UPDATE 1-Australia to make supermarket industry code mandatory, breaches may result in huge fines Adds Metcash comment in 10th paragraph By Byron Kaye SYDNEY, June 24 (Reuters) - Australia could impose billion dollar fines on big supermarket chains that fail to comply with an industry code of conduct, the federal government said on Monday as it seeks to address concerns that suppliers have been unfairly squeezed on pricing.
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Reuters - 1 mese fa

Australia to make supermarket industry code mandatory, breaches may result in huge fines

Australia to make supermarket industry code mandatory, breaches may result in huge fines By Byron Kaye SYDNEY, June 24 (Reuters) - Australia could impose billion dollar fines on big supermarket chains that fail to comply with an industry code of conduct, the federal government said on Monday as it seeks to address concerns that suppliers have been unfairly squeezed on pricing.
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Reuters - 1 mese fa

Citi sees tough market conditions to weigh on Australia's Metcash's earnings

BUZZ-Citi sees tough market conditions to weigh on Australia's Metcash's earnings ** Citi forecasts Metcash's MTS.AX earnings before interest and taxes (EBIT) for FY24 to decline by 3% ** Brokerage estimates 2H24 EBIT for the supermarket wholesaler's Food segment to decline by 2% on falling food inflation and other industry factors ** Brokerage for
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Reuters - 2 mesi fa

S.Africa's Woolworths shares tumble 7% as retailer flags over 20% drop in FY profit

UPDATE 2-S.Africa's Woolworths shares tumble 7% as retailer flags over 20% drop in FY profit Adds share price and details on costs in paragraphs 1-2 May 30 (Reuters) - South African retailer Woolworths WHLJ.J said it expected annual earnings to be more than 20% lower than the prior year, as consumers cut down on discretionary spending, sending its shares to their lowest level in nearly two years on Thursday.
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Reuters - 3 mesi fa

Wesfarmers says breaking up business would be detrimental to Australia

Wesfarmers says breaking up business would be detrimental to Australia SYDNEY, May 7 (Reuters) - Australia's Wesfarmers WES.AX said on Tuesday any move to break up its budget department store chain Kmart, hardware business Bunnings and chemicals maker WesCEF would drive up prices and put Australian businesses at a global disadvantage. An Australian senate inquiry is considering whether to introduce laws making it easier for the competition regulator to make large retailers sell assets.
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Reuters - 3 mesi fa

Australia's Woolworths gains; Jarden, Citi differ on near-term prospects

BUZZ-Australia's Woolworths gains; Jarden, Citi differ on near-term prospects Updates ** Shares of Australia's Woolworths WOW.AX rise 1% to A$30.79 ** Analysts at Jarden impressed with the retailer's strategies, scale and data capabilities ** Jarden sees opportunity for incoming CEO Amanda Bardwell to balance short-term trading and the firm's abili
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Reuters - 3 mesi fa

Citi still prefers Coles over Woolworths among Australian retailers

BUZZ-Citi still prefers Coles over Woolworths among Australian retailers ** Analysts at Citi continue to prefer Coles Group COL.AX over Woolworths WOW.AX among Australian retailers owing to the former's better earnings growth story ** Total sales for Woolies' Australian Food business rose just 1.5% to A$12.58 billion ($8.21 billion) in 13 weeks to
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Reuters - 3 mesi fa

Banks, miners lift Australian shares; traders weigh Fed decison

Banks, miners lift Australian shares; traders weigh Fed decison RBA monetary policy announcement due May 7 Banks end up 0.7%, miners rise 0.4% Woolworths records lowest closing since May 2020 By Roshan Thomas May 2 (Reuters) - Australian shares rebounded from losses on Thursday, led by gains in financials and mining stocks, while investors assessed the Federal Reserve's monetary policy decision , which signalled further delays in interest rate cuts.
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Reuters - 3 mesi fa

Australian shares rangebound after Fed warns of rate cut delays; Woolworths slumps

Australian shares rangebound after Fed warns of rate cut delays; Woolworths slumps May 2 (Reuters) - Australian stocks traded in a tight range on Thursday after the U.S. Federal Reserve warned of delays to interest rate cuts, while Woolworths slumped to a four-year low after flagging customer caution amid sales slowdown and cost-of-living pain. The S&P/ASX 200 index .AXJO was up 0.1% at 7,580.70 as of 0020 GMT, with gains in financial and gold stocks countering losses in consumer and energy stoc
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Reuters - 3 mesi fa

Australia's Woolworths hits 4-year low on signs of spending and sales slowdown

BUZZ-Australia's Woolworths hits 4-year low on signs of spending and sales slowdown ** Shares of Australia's Woolworths WOW.AX fall as much as 4.8% to A$30.31, their lowest since May 29, 2020 ** Australia's top retailer warns of caution among consumers and cost-of-living pressures despite slowing inflation ** Faces slowdown in Q3 sales at its bigge
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Reuters - 3 mesi fa

Woolworths flags customer caution amid sales slowdown and cost-of-living pain

UPDATE 3-Woolworths flags customer caution amid sales slowdown and cost-of-living pain Shares hit lowest since May 29, 2020 Sales materially lagging Coles - Jefferies Expects trading conditions to be challenging over the year Adds share movement in paragraphs 1-2; analyst reaction in paragraphs 4 & 6 By Rishav Chatterjee May 2 (Reuters) - Australia's Woolworths WOW.AX warned of caution among consumers and cost-of-living pressures on Thursday, even as inflation moderated, as it faced a slowdown i
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Reuters - 3 mesi fa

Woolworths Says QTRLY Total Group Sales A$ 16,800 Million Versus A$16,338 Million Reported Last Year

BRIEF-Woolworths Says QTRLY Total Group Sales A$ 16,800 Million Versus A$16,338 Million Reported Last Year May 2 (Reuters) - Woolworths Group Ltd WOW.AX : QTRLY TOTAL GROUP SALES A$ 16,800 MILLION VERSUS A$16,338 MILLION REPORTED LAST YEAR FOCUS FOR REST OF F24 REMAINS ON PROVIDING VALUE FOR OUR CUSTOMERS REFLECTING THEIR COST-OF-LIVING PRESSURES.
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Reuters - 3 mesi fa

Australian retailer Woolworths' third-quarter sales rise 2.8%

Australian retailer Woolworths' third-quarter sales rise 2.8% May 2 (Reuters) - Australia's top supermarket chain, Woolworths WOW.AX , reported a 2.8% rise in third-quarter sales on Thursday, helped by a strong performance in the Australian Food division, its largest segment. The grocer's total group sales was A$16.80 billion ($10.97 billion) for the March quarter, compared to A$16.34 billion a year ago and a Jefferies estimate of A$16.62 billion .
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