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Miners lift Australian shares; Star Entertainment slumps to record low

Miners lift Australian shares; Star Entertainment slumps to record low Star Entertainment falls 44% to hit record low Miners post biggest weekly gain since mid-April 2016 Financials fall 4.4% for the week Updates to close By Echha Jain Sept 27 (Reuters) - Australian shares edged slightly higher on Friday, buoyed by a major rally in miners, while embattled casino operator Star Entertainment hit an all-time low as it resumed trading after nearly a month and posted a second straight full-year loss.
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Woolworths Acknowledges ACCC Interim Report On Australia's Supermarket Sector

BRIEF-Woolworths Acknowledges ACCC Interim Report On Australia's Supermarket Sector Sept 27 (Reuters) - Woolworths Group Ltd WOW.AX : ACKNOWLEDGEMENT OF ACCC INTERIM REPORT ACKNOWLEDGES RELEASE OF ACCC'S INTERIM REPORT ON AUSTRALIA'S SUPERMARKET SECTOR WILL REVIEW REPORT IN DETAIL AND PROVIDE SUBMISSIONS OVER COMING MONTHS Further company coverage:
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Australia regulator reviews claims of Woolworths and Coles 'land banking'

UPDATE 1-Australia regulator reviews claims of Woolworths and Coles 'land banking' Updates story first published on Thursday to add Woolworths comment in 8th paragraph By Byron Kaye SYDNEY, Sept 26 (Reuters) - Australia's two dominant grocery chains have declared interests in more than 150 unrealised development sites, the antitrust regulator said, adding it was investigating whether "land banking" was hurting competition in the sector.
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Australia regulator reviews claims of Woolworths and Coles 'land banking'

Australia regulator reviews claims of Woolworths and Coles 'land banking' SYDNEY, Sept 26 (Reuters) - Australia's two dominant grocery chains have declared interests in more than 150 unrealised development sites, the antitrust regulator said, adding it was investigating whether "land banking" was hurting competition in the sector. The Australian Competition and Consumer Commission (ACCC) said Woolworths WOW.AX and Coles COL.AX , which together sell two-thirds of the country's groceries, were eff
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Australian shares trade almost flat ahead of RBA decision

Australian shares trade almost flat ahead of RBA decision Sept 24 (Reuters) - Australian shares were trading almost flat on Tuesday as gains in miners countered losses in financials stocks, while investors focussed on any hints of potential near-term easing from the central bank policy decision due later in the day. The S&P/ASX 200 index .AXJO was up 0.07% at 8,158.4, as of 0129 GMT.
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Asia Morning Call-Global Markets

Asia Morning Call-Global Markets Sept 24 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8152.9 -56.6 NZX 50** 12404.17 -74.3300 DJIA 42098.21 34.85 NIKKEI** 37723.91 568.58 Nasdaq 17951.947 3.626 FTSE** 8259.71 29.72 S&P 500 5710.38 7.83 Hang Seng** 18247.11 -11.46 SPI 200 Fut 8201 -4 STI** 3638.54 13.78 SSEC** 2748.9177 12.1038 KOSPI** 2602.01 8.64 ---------------------------------------------------------------------------------------- Bonds Bonds JP 10 YR Bond 0.83 -0.
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Australian shares snap 7-day rally as Woolworths, Coles weigh

Australian shares snap 7-day rally as Woolworths, Coles weigh Miners post worst day in 2 weeks Banks break 5-day rally Woolworths, Coles fall over 3% Updates to close By Aaditya GovindRao Sept 23 (Reuters) - Australian shares declined on Monday, breaking a seven-day winning streak as investors pulled back ahead of the central bank's interest rate decision, while top grocers Woolworths and Coles declined after being sued by the consumer watchdog.
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Wall Street Journal - Sept 23

PRESS DIGEST - Wall Street Journal - Sept 23 Sept 23 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - News Corp-controlled NWSA.O REA Group REA.AX increased its takeover offer for its U.K. counterpart Rightmove RMV.L , continuing its effort to combine two of the English-speaking world's dominant real estate listing websites.
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Australia sues grocery giants Woolworths and Coles over 'illusory' discounts

UPDATE 5-Australia sues grocery giants Woolworths and Coles over 'illusory' discounts Discount prices were higher than original prices, watchdog says Woolworths, Coles could face fines of up to 30% of turnover Woolworths says it is studying claims Coles says it will defend case Adds comment from prime minister in paragraphs 8-9 By Byron Kaye and Ayushman Ojha Sept 23 (Reuters) - Australia's consumer watchdog accused the country's two largest supermarket chains of misleading shoppers about discou
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Allegations against Woolworths and Coles are serious, Australia PM says

Allegations against Woolworths and Coles are serious, Australia PM says SYDNEY, Sept 23 (Reuters) - Allegations against Australian supermarkets Coles and Woolworths by the competition regulator are serious, Prime Minister Anthony Albanese said on Monday. Reporting by Lewis Jackson; Editing by Kim Coghill
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Woolworths Group Acknowledges ACCC Legal Proceedings

BRIEF-Woolworths Group Acknowledges ACCC Legal Proceedings Sept 23 (Reuters) - Woolworths Group Ltd WOW.AX : ACKNOWLEDGEMENT OF ACCC LEGAL PROCEEDINGS ACKNOWLEDGES ANNOUNCEMENT BY ACCC THAT IT HAS COMMENCED LEGAL PROCEEDINGS WILL CAREFULLY REVIEW CLAIMS MADE BY ACCC AND WILL CONTINUE TO ENGAGE WITH ACCC ON MATTER Further company coverage: WOW.AX
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Australian shares fall; Coles and Woolworths drag on ACCC action

REFILE-Australian shares fall; Coles and Woolworths drag on ACCC action Corrects to remove "ahead of RBA decision" from headline Sept 23 (Reuters) - Australian shares fell on Monday, led by mining and consumers sectors, with traders waiting for the central bank's cash rate decision, while Coles and Woolworths dragged after the grocers were sued by the Australian competition regulator.
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Australia's supermarket giants fall after ACCC sues over discount pricing claims

BUZZ-Australia's supermarket giants fall after ACCC sues over discount pricing claims ** Shares of Coles COL.AX and Woolworths WOW.AX slip as much as 3.8% and 4.4%, respectively ** Australia's competition regulator says it is suing both WOW and COL in federal court for allegedly breaching consumer law by making misleading claims about discounts ** Regulator alleges the conduct involved 266 products for Woolworths at different times across 20 months, and 245 products for Coles across 15 months.
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Australia sues grocery giants Woolworths and Coles over 'illusory' discounts

UPDATE 4-Australia sues grocery giants Woolworths and Coles over 'illusory' discounts Discount prices were higher than original prices, watchdog says Woolworths, Coles could face fines of up to 30% of turnover Woolworths says it is studying claims Coles says it will defend case Updates shares, adds analyst comment and background on Woolworths, Coles in paragraphs 10-12 By Byron Kaye and Ayushman Ojha Sept 23 (Reuters) - Australia's consumer watchdog accused the country's two largest supermarket
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Australian regulator sues Woolworths and Coles over discount pricing claims

Australian regulator sues Woolworths and Coles over discount pricing claims Sept 23 (Reuters) - Australia's competition regulator said on Monday it has sued supermarket chains Woolworths WOW.AX and a unit of Coles Group COL.AX for allegedly breaching the consumer law by making misleading claims about discounts. Reporting by Ayushman Ojha; Editing b
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Australia's ACCC Takes Woolworths & Coles To Court Over Alleged Misleading ‘Prices Dropped’ & ‘Down Down’ Claims

BRIEF-Australia's ACCC Takes Woolworths & Coles To Court Over Alleged Misleading ‘Prices Dropped’ & ‘Down Down’ Claims Sept 23 (Reuters) - Australia's ACCC: ACCC TAKES WOOLWORTHS AND COLES TO COURT OVER ALLEGED MISLEADING ‘PRICES DROPPED’ AND ‘DOWN DOWN’ CLAIMS ACCC’S ALLEGATIONS RELATE TO PRODUCTS SOLD BY EACH OF WOOLWORTHS AND C
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Australia's Nine Entertainment CEO Mike Sneesby to step down

UPDATE 2-Australia's Nine Entertainment CEO Mike Sneesby to step down Mike Sneesby to step down from Sept. 30 Matt Stanton to be acting CEO from Oct. 1 Adds share moves in paragraph 2 and analyst comment in paragraph 5 By Adwitiya Srivastava Sept 12 (Reuters) - Australian broadcaster Nine Entertainment NEC.AX said on Thursday Chief Executive Officer Mike Sneesby would step down with effect from Sept.
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South Africa's TFG sales fall 3.5% as consumers spend less

South Africa's TFG sales fall 3.5% as consumers spend less JOHANNESBURG, Sept 4 (Reuters) - South African fashion retailer TFG TFGJ.J said on Wednesday that sales for its 21-week period fell by 3.5%, as inflation and high living costs continued to put pressure on consumer demand for discretionary categories. By 1327 GMT, shares were down 3%. TFG, owner of the Foschini and Markham clothing stores said sales in its Africa arm, which contributes 69.9% to the group, were down by 1% in the 21 weeks t
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Woolworths warns it may not hit fashion profit margin target on time

UPDATE 2-Woolworths warns it may not hit fashion profit margin target on time FBH EBIT margin target maintained at over 14% Macro headwinds, poor product availability hit profit FY profit before tax slumps 34.6% New store formats to drive top line growth Recasts with EBIT margin target By Nqobile Dludla JOHANNESBURG, Sept 4 (Reuters) - Headwinds including product availability and higher living costs have pushed back when Woolworths' fashion business will reach its profit margin target, the retai
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South African Markets - Factors to watch on Sept 4

South African Markets - Factors to watch on Sept 4 JOHANNESBURG, Sept 4 (Reuters) - The following scheduled economic event, company announcement, and equity and currency market moves may affect South African markets on Wednesday. ECONOMIC EVENTS S&P Global Whole Economy PMI for August COMPANIES South African upmarket fashion and food retailer Woolworths WHLJ.J reported a 16.8% decline in full-year headline earnings on weak sales, as higher living costs continue to weigh on discretionary spend.
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