Woolworths and Coles will be grilled over higher prices and rising profits during the cost-of-living crisis at a Senate inquiry in Canberra today, while the Australian share market is set to open lower. Follow live.
Woolworths and Coles will be grilled over higher prices and rising profits during the cost-of-living crisis at a Senate inquiry in Canberra today, while the Australian share market is set to open lower.
Regular readers of the blog may have noticed we've been covering bits and pieces of this inquiry over the past week or so, but today is shaping up to be a big one., and they're going to be grilled for *hours*.It's going to be a blockbuster few hours, so stick with us on the blog I'll be bringing it to you as it happens.
The CEOs of Woolworths and Coles will be grilled at a Senate inquiry about price gouging, amongst other things. More on that shortly...The ASX is likely to fall, given Wall Street's main indices experienced another tumble — with the Dow Jones, S&P 500 and Nasdaq down 0.7%, 1.2% and 1.8% respectively.
Coles Woolies Supermarkets Colesworth Duopology Groceries Supermarket Prices Shopping Senate Inquiry Asx Australian Securities Exchange Brad Banducci Leah Weckert
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