Woolworths and Wesfarmers both highlighted at their annual results that the competitive landscape in food and grocery remains robust. Competition has increased from new store expansion from Aldi, and the industry-wide focus to pass on efficiency gains to customers, and invest in lower prices. However, sales growth is likely to... Show More
Metcash (MTS) has agreed to pay Woolworths (WOW) $165 million for 100% of its Home Timber & Hardware business which WOW bought in 2009 for $88 million For more market news, visit https://www.commsec.com.au/market-news/the-markets.html Show More
Tom Piotrowski speaks with CommSec Advisory’s Nicky Kritikos about Metcash's FY Results & Wesfarmers' Strategy Briefing on Wednesday Show More
5400 continues to provide some resistance for Aussie stocks, with a weak wage number and greater chance for another interest rate cut not enough to keep buyers on the front foot. The ASX was off -39 points although there was decent individual stock moves. Show More
For decades there has been a small number of Australian business that have enjoyed the benefits of operating in an oligopoly, however now more than ever these business face disruptions and stiffer competition from competitors. This month Australian Large Cap portfolio manager David Moberley will take a look two such... Show More
Tom Piotrowski speaks with CommSec Advisory’s Nicky Kritikos about Metcash’s half-year earnings results Show More
Metcash reported net profit up 20% to $122m (including discontinued automotive business). EBIT margin was 2.0% as compared to 2.5% in pcp. SEGMENT EBIT: Improvement in both Liquor and Hardware: Food and Grocery down 23% to $91.9m, Liquor up 4% to $25.9m and Hardware up 22% $11.6m. Net operating cash... Show More
Tom Piotrowski speaks with CommSec Advisory’s Nicky Kritikos about reports that FlexiGroup is planning to take over Fisher & Paykel Finance, as well as the outlook for Metcash Show More
Dr Don Hamson, Managing Director of Plato Investment Management, says one of the keys to successful income investing is to avoid the ‘dividend traps’. Not only can the traps reduce income but they often result in material loss of capital as the price of the security also falls. Hamson says... Show More
Earlier this month I travelled to Europe and the UK to undertake a detailed assessment of the supermarket sector. These markets are further down the road than Australia in terms of the disruption from discount supermarkets like Aldi, so it is useful for us to analyse the situation there in... Show More