WOOLWORTHS GROUP ORD
Weekly Wrap: Markets edge as Rio-Glencore talks spark change in mining bid
Rio Tinto slides 6% on Glencore all-stock merger talks; BlueScope up 2% after rejecting a $30 offer. ASX 200 drifts -0.1% as deal news dominates.
OMG Group Increases Range of PrOATein RTD Products Available in Woolworths Stores Nationwide
OMG Group (ASX: OMG) has secured a deal with Woolworths Group (ASX: WOW) to increase the exposure and sales of its Oat Milk Goodness (OMG) PrOATein ready-to-drink (RTD) products. The company will stock its chocolate- and coffee-flavoured PrOATein drinks on the shelves of 943 supermarkets nationally from November. 896 stores (up from 466) will now […]
Woolworths CEO Brad Banducci to step down, group posts $781m half-year loss
Woolworths Group (ASX: WOW) has confirmed that chief executive officer and managing director Brad Banducci will step down from the role in September after 13 years with the company and more than eight years in charge. The news comes just days after a bungled interview with the Australian Broadcasting Commission’s (ABC) Four Corners program, in […]
Woolworths hits $1.6b profit despite higher prices and changing buying habits
Supply-driven inflation and a return to more normalised shopping habits, including weekend and evening sales, have been large contributors to a 4.6% rise in full-year profits for Woolworths Group (ASX: WOW). Australia’s largest grocery chain today announced an annual net profit after tax from continuing operations of $1.62 billion compared with $1.55 billion a year […]