‘Freeman points out that about 40 per cent of profits of companies on the ASX are generated offshore, insulating them from the worst of the lockdowns.’
Two supermarket heavyweights, Coles Group Ltd [ASX:COL] and Woolworths Group Ltd [ASX:WOW] have avoided massive sell-offs in this downturn. Today we look at the Coles share price in comparison with the Woolworths share price, to see which could be sturdier as the months in self-isolation progress.
Woolworths released potentially conflicting updates on the ASX this morning, leading to a small loss for the Woolworth’s share price. It will be an interesting day of trading today for Aussie grocery leader Woolworths Group Ltd [ASX:WOW]...
The share price of Coles Group Ltd [ASX:COL] has been on a solid run since hitting a 52-week low of $11.12 on 21 February. Before market open today, the grocery giant was only 29 cents shy of its 52-week high, sitting at...
Today, Woolworths Group Limited [ASX:WOW] announced an agreement to merge Endeavour Drinks and ALH Group [ASX:AKH] into a combined entity, set to be named ‘Endeavour Group Limited’.At time of writing, Woolworths’ share price is trading at $33.83, up 2.78%.
Fuel supplier and convenience retailer Caltex Australia Ltd [ASX:CTX] has had its share price value cut by almost a quarter this morning. In their unaudited profit guidance released this morning, Caltex have forecast some worrying figures.
Today, Marley Spoon AG [ASX:MMM] entered a $30 million strategic partnership with Woolworths Group Ltd [ASX:WOW]. Triggering the Marley Spoon Share Price to jump by a whopping 63.6% to 72 cents a share in today’s trading.
This week Woolworths Group Ltd [ASX:WOW] announced it would be closing around 30 Big W stores across Australia, blaming tough competition in the retail industry. The Group also announced a $1.7 billion off-market buy-back. At the time of writing, the Woolworths share price is trading a little lower at $30.76.
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.
Today, Woolworths released their half-year results for 1H19, revealing areas in which the group has struggled to turn a profit.