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woolies won't chase coles ahead of spin-off




"they’re driving at a sales outcome for the quarter, and that’s fine - we’re looking at how to drive the business for the next two or three years," mr banducci said.“it requires a considered response. we care about numbers everyday, but we also care about achieving the outcomes every year ...



scott ludlum has to stand down, but it's ok that the queen is 100 per cent engli




so, ummm, have i got this right?scott ludlam, greens senator, has to immediately stand down because, it turns out, he is also a new zealand citizen. and of course, our constitution demands that if you are a servant of the people, you should not, cannot, must not, have even the tiniest whiff of divid...



bank tax hasn't lifted wholesale funding costs




investors do not appear to be forcing the major banks to pay more for wholesale funding as a result of the federal bank tax, despite banks saying the levy threatens to undermine the confidence of funders of australia's financial system.when lobbying against the tax, some in the banking industry warn...



bank investors brace for tougher capital regime




a key source of uncertainty hanging over banks could be lifted as soon as this week, with the prudential regulator tipped to soon provide long-awaited details of how it will make lenders more resilient to shocks.fund managers contacted by businessday said most in the market expected banks would be...



australian dollar surges to two-year high on weak us economic data




the australian dollar has leapt more than 1.3 per cent, topping us78¢ for the first time since may 2015, as weak american economic data dimmed prospects for a third us interest rate hike later this year.that's positive for the aussie as it keeps the gap between australian and us rates from widenin...



wesfarmers plans to spin off coles into a separate company




retail conglomerate wesfarmers says it plans to spin coles off into a separate company.the company said on friday morning it intended to demerge the supermarket chain, its largest division, to create a new top-30 company listed on the australian securities exchange.coles is set to split from its par...



asx set to open higher, $a firing




the us equity juggernaut rolls on, with the s&p 500 hitting a new all-time high of 2463 on reasonable participation, with 78 per cent of stocks higher and all sectors, bar financials, gaining.1. asx: the asx 200 should build on last week's 1.1 per cent gain, with spi futures closing up 14 points a...



amazon antitrust concerns emerge in washington and wall street




amazon.com's expansion plans, including its agreement to buy whole foods market for $us13.7 billion ($17.7 billion), are raising hackles in washington, and wall street is taking notice.a us politician has called for hearings on the proposed deal to consider its ramifications for shoppers and worke...



amazon antitrust concerns emerge in washington and wall street




amazon.com's expansion plans, including its agreement to buy whole foods market for $us13.7 billion ($17.7 billion), are raising hackles in washington, and wall street is taking notice.a us politician has called for hearings on the proposed deal to consider its ramifications for shoppers and worke...



'dodgy' safety certificates rife on building sites, senate cladding inquiry told




fraudsters are making fake safety certificates for building products, a senate inquiry has been told.  the inquiry into non-conforming building products has gathered pace after the fatal fire at the grenfell tower fire in london last month.coles, woolies to phase out single-use plastic bagsvideo d...



why woolies and coles should fear costco, not amazon




amazon's ceo, jeff bezos, recently overtook master investor warren buffett on the "richest person in the world" list, to now be second only to bill gates.to be fair to buffett (not that he cares), he's slipped a few places because he's given billions away to charity. regardless, bezos' rise – on...



coles stores closed due to register glitch




coles stores across the country were closed early on sunday owing to a "minor" technological fault affecting cash registers.the short-lived glitch hit a string of coles outlets nationwide including in sydney, melbourne and brisbane. in sydney, affected outlets included zetland, lane cove, epping, to...



coles stores closed due to register glitch




coles stores across the country are closed owing to a technological fault affecting cash registers.the glitch has affected a string of coles outlets nationwide including in sydney, melbourne and on the gold coast. in sydney, affected outlets included lane cove, epping, top ryde, gladesville and east...



coles' new plan to beat woolies




coles will focus on "putting out the fires" in its business while shifting its strategy to focus more on pleasing wealthier customers and meeting the demands of tech-savvy millennial shoppers, the supermarket's boss says.managing director john durkan said it could "never give up" being competitiv...



parramatta administrator amanda chadwick gives command performance




"inclusive, resilient." these are the buzzwords that got sydney and parramatta onto the shortlist of two for the world design capital showcase this week. like, uhuh? really?because what we see, here on the ground, is democratic government behaving increasingly like feudal overlords, raping and pill...



military powers for terror attacks 'cumbersome' and need streamlining, malcolm t




state governments will still decide whether they want help from the military to handle terrorist incidents and police will remain the first responders under flagged changes, prime minister malcolm turnbull has said.bishop on trump's macron 'beautiful' commentsvideo duration00:56previous slidenext sl...



plastic bag ban across nsw not needed if supermarkets act themselves: premier




nsw premier gladys berejiklian says she does not need to ban plastic bags in nsw, "because 80 per cent of plastic bags" will already be banned by the supermarkets themselves.addressing a meeting at the tweed chamber of commerce on monday, ms berejiklian welcomed the recently announced plastic bag...



julie bishop's swipe at donald trump's sexist brigitte macron 'compliment'




foreign minister julie bishop has taken a not-so-diplomatic swipe at us president donald trump for praising the french first lady's body shape, questioning whether she would pay him the same sort of compliment.during his official visit to france last week mr trump was heard telling brigitte macron s...



julie bishop's swipe at donald trump's sexist brigitte macron 'compliment'




foreign minister julie bishop has taken a not-so-diplomatic swipe at us president donald trump for praising the french first lady's body shape, questioning whether she would pay him the same sort of compliment.during his official visit to france last week mr trump was heard telling brigitte macron s...



'please don't bag the staff': coles prepares for 'bag rage' as ban approaches




supermarket giant coles is taking extra steps to avoid "bag rage" from shoppers as its ban on single-use plastic bags comes into effect on sunday.a spokesman for coles told sbs news that all checkouts will be open nationally between 10am and 6pm the day the ban begins.read moreit comes after reports...



shoppers are willing to pay higher prices, says coles




"but what we’re also seeing…  [is] that there continues to be a strong demand from customers for value - price is important but it does also go to quality and the product that we're selling."coles has been shifting its sales pitch to consumers away from being intensely focused on price - as ex...



nab gains as asx retreats




the battle for market share between woolworths and coles has reached a dangerous juncture, with coles expected to step up price cuts to prevent losing ground to its reinvigorated rival.while analysts believe the likelihood of a full-blown price war remains less than 50 per cent, fund managers believ...



australia has three premiers who are burying their heads in the sand




have you heard the joke about the premiers who refused to ban single-use plastic bags? no, you haven't. because that shit isn't funny. what's it going to take? what will it take for the premiers of nsw, victoria and wa to catch up to the rest of the country and ban the bag? why do gladys berejiklia...



australia has three premiers who are burying their heads in the sand




have you heard the joke about the premiers who refused to ban single-use plastic bags? no, you haven't. because that shit isn't funny. what's it going to take? what will it take for the premiers of nsw, victoria and wa to catch up to the rest of the country and ban the bag? why do gladys berejiklia...



return to supermarket price war unlikely under an independent coles




mr saligari said that the move was "unambiguously positive" for wesfarmers, as it moved to a group of higher-growth businesses.citi analyst bryan raymond also said a price war became less likely as coles headed for a spin-off because it would no longer have a large parent company to help it withstan...