Shares rise; Endeavour Group loses CEO; ACCC concerned about Olam Agri - Namoi Cotton plans; Woolies, Coles under pressure post ACCC report. Follow updates here.
Australian shares edged up on Friday, led by gains in miners on rising commodity prices, with the benchmark inching closer to a record high set last week. The S&P/ASX 200 opened 13.7 points higher or 0.2 per cent, putting the local bourse less than 50 points away from a record intraday high of 8246.2 set last week. The benchmark rallied 1 per cent on Thursday following three sessions of losses.
The big four banks fell with Westpac down 1.6 per cent. Stocks on the move Supermarket giant Woolworths edged up 0.1 per cent but Coles lost 0.4 per cent after the competition regulator released an interim report about their oligopoly status in the country. Fund management company GQG Partners shed 0.7 per cent after coping a $725,000 penalty by the US regulator for violating whistleblower protection rules. Hospitality company Endeavour Group fell 1.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX 200 LIVE: Shares rise; Endeavour Group loses CEO; ACCC concerned about Olam Agri - Namoi Cotton plans; Woolies, Coles under pressure post ACCC report.Shares rise; Endeavour Group loses CEO; ACCC concerned about Olam Agri - Namoi Cotton plans; Woolies, Coles under pressure post ACCC report. Follow updates here.
Read more »
Woolworths sells out of Endeavour Group; Goldman Sachs on tradeThe $383 million block trade was handled by Goldman Sachs.
Read more »
Public Hospitality Group: New York lender in fight over slice of Adgemis’ pubs groupA major lender to Public Hospitality Group, the hotel empire of former KPMG deal maker Jon Adgemis, has signalled it will call in receivers to five Sydney pubs.
Read more »
ACCC's interim report shows consumers paying more, trusting less at supermarketsCustomers say they don&x27;t trust the big chains&x27; pricing claims as the cost of a basket of groceries rises.
Read more »
ACCC launches action against Coles and WoolworthsSarah Ferguson presents Australia's premier daily current affairs program, delivering agenda-setting public affairs journalism and interviews that hold the powerful to account. Plus political analysis from Laura Tingle.
Read more »
‘Not the Australian spirit’: Albanese vows grocery crackdown after damning ACCC allegationsPrime Minister Anthony Albanese has revealed a draft of a new mandatory food and grocery code after the consumer watchdog accused Woolworths and Coles of fraudulent discounts.
Read more »