While some outlets are leading with the headline that poor European PMI data drove the sell-off, I believe the bigger story behind the sell-off is the bond yield curve.
Wesfarmers share price has experienced a negative slide in their share price today, hitting a low of 6.70%, or $32.86 a share. The current share price is $32.62.
Overall it has been a decent 12-month period for the stock, with a 15.7% return for the year in the wake of the Coles Group Ltd [ASX:COL] demerger. The latest news out of the company is its half-year results release and the announcement of a special dividend.
Australia’s second largest food and liquor retailer faces some big challenges, warning investors that it would be at least a year before Coles returns to profit. At the time of writing, Coles share price is trading at $11.49 apiece, down a further 5.05% from yesterday’s trading.
The latest news out of the company is its half-year results release, which points to an ongoing need to restructure its business.
Today Viva Energy's share price surged this morning following the announcement of their extended alliance with Coles. The companies are well known for their combined involvement in the Coles Express fuel and convenience stations.
After its demerger the performance of the Coles Group Ltd [ASX:COL] share price has been average, in an otherwise volatile ASX. Today, we look at the company's prospects going forward.