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Reuters - 6 days ago

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.

Reuters - 2 weeks ago

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

Reuters - 2 weeks ago

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

Reuters - 2 weeks ago

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.

Reuters - 2 weeks ago

Australia shares end slightly lower; iron ore and lithium miners slump

Australia shares end slightly lower; iron ore and lithium miners slump Mineral Resources emerges top loser Wesfarmers falls 1.4% CBA touches record high Updates to close By Rishav Chatterjee Sept 3 (Reuters) - Australian shares ended marginally lower in subdued trading on Tuesday, dragged down by consumer and mining stocks, while local investors waited for crucial growth data.

Reuters - 2 weeks ago

Australian consumer staple retailers trading ex-dividend weighs on benchmark

BUZZ-Australian consumer staple retailers trading ex-dividend weighs on benchmark ** Australian consumer staples index .AXSJ down as much as 2% to 12,636.80 points, marking its biggest intraday pct drop since Aug. 5, as major constituents trade ex-dividend ** Non-discretionary retailers among top losers in the benchmark ASX200 .AXJO , which is down 0.1% as at 0248 GMT ** Shares of Australia's top grocer Woolworths WOW.AX fall as much as 3.9% to A$34.440, marking their worst day since May 2 ** Co

Reuters - 2 weeks ago

Stocks tiptoe towards US manufacturing, jobs data

GLOBAL MARKETS-Stocks tiptoe towards US manufacturing, jobs data By Tom Westbrook SINGAPORE, Sept 3 (Reuters) - Bond yields drifted higher on Tuesday, while currencies and Asia's stock markets steadied as investors waited on a raft of data to determine how deeply the U.S. can cut interest rates. Ten-year Treasury yields US10YT=RR were slightly higher at 3.919% and two-year yields rose a basis point to 3.935% as trade resumed in Asia following a U.S.

Reuters - 2 weeks ago

Australia shares edge lower as miners, consumer staples drag in dull trade

Australia shares edge lower as miners, consumer staples drag in dull trade Sept 3 (Reuters) - Australian shares fell in lacklustre trade on Tuesday, weighed down by mining and consumer staples stocks, while investors were cautious ahead of local economic data that could drive the country's monetary policy forward. The S&P/ASX 200 index .AXJO fell 0.4% to 8,078.5 by 0110 GMT.

Reuters - 2 weeks ago

Australian shares fall as commodities drag; GDP data in focus

Australian shares fall as commodities drag; GDP data in focus Sept 2 (Reuters) - Australian shares traded lower on Monday, with miners and energy stocks weighing the most, while investors await June-quarter economic growth print to gauge the outlook for interest rates. The S&P/ASX 200 index .AXJO was down nearly 0.4% at 8,062.90 points, as of 0055 GMT, with all but two sectors in the red.

Reuters - 2 weeks ago

Australian retailer Woolworths exits Endeavour Group three years after spin-off

UPDATE 2-Australian retailer Woolworths exits Endeavour Group three years after spin-off Sale via block trade at A$5.23 apiece Endeavour shares drop 2.4% Proceeds to fund PFD Food Services takeover Rewrites throughout with further details and background, adds share moves and analyst view By Sherin Sunny and Rishav Chatterjee Sept 2 (Reuters) - Australian retailer Woolworths WOW.AX has decided to exit the owner of liquor store chain Dan Murphy's and BWS bottle shops, ending its long-standing rela

Reuters - 2 weeks ago

Australia's Woolworths exits Endeavour Group, sells remaining stake for $259 mln

Australia's Woolworths exits Endeavour Group, sells remaining stake for $259 mln Sept 2 (Reuters) - Australia's Woolworths Group WOW.AX said on Monday it will sell its remaining 4.1% stake in Endeavour Group via a block trade at a price for A$383 million ($259.10 million) ($1 = 1.4782 Australian dollars) Reporting by Sherin Sunny in Bengaluru; edit

Reuters - 2 weeks ago

Woolworths Announces Sale Of Remaining Shares In Endeavour Group

BRIEF-Woolworths Announces Sale Of Remaining Shares In Endeavour Group Sept 2 (Reuters) - Woolworths Group Ltd WOW.AX : SALE OF REMAINING SHARES IN ENDEAVOUR GROUP SALE WILL GENERATE PROCEEDS OF A$383 MILLION. WOOLWORTHS GROUP INTENDS TO USE THE PROCEEDS TO FUND THE ACQUISITION OF THE REMAINING 35% IN PFD FOOD SERVICES PTY LIMITED INTENDS TO USE TH

Reuters - 3 weeks ago

Australian retail sales lose steam as tax cuts fail to excite shoppers

UPDATE 1-Australian retail sales lose steam as tax cuts fail to excite shoppers Adds detail, quotes from analysts By Stella Qiu SYDNEY, Aug 30 (Reuters) - Australian retail sales were flat in July after two months of upbeat results , showing large-scale tax cuts were yet to boost spending and firming expectations the next move in interest rates will be down.

Reuters - 3 weeks ago

Aussie shares end flat as banks offset losses in commodities; July inflation slows to 4-mth low

Aussie shares end flat as banks offset losses in commodities; July inflation slows to 4-mth low Miners lose 1.1% Financials rise 0.8% Local inflation slowed to a four-month low in July Updates to close By Rajasik Mukherjee Aug 28 (Reuters) - Australian shares ended flat on Wednesday as gains in banking stocks were offset by losses in commodities, while domestic inflation slowed to a four-month low in July.

Reuters - 3 weeks ago

Australian shares slip as miners drag; inflation data in focus

Australian shares slip as miners drag; inflation data in focus Aug 28 (Reuters) - Australian stocks edged down in early trade on Wednesday, dragged by losses in shares of miners, as investor sentiment remained muted ahead of key local inflation data amid a slew of corporate earnings. The S&P/ASX 200 index .AXJO fell 0.4% to 8,038.4, as of 0042 GMT.

Reuters - 3 weeks ago

Woolworths Posts FY Total Australian Food Sales A$50.74 Billion

BRIEF-Woolworths Posts FY Total Australian Food Sales A$50.74 Billion Aug 28 (Reuters) - Woolworths Group Ltd WOW.AX : FY TOTAL AUSTRALIAN FOOD SALES A$50.74 BILLION SALES MOMENTUM IN F25 HAS CONTINUED TO IMPROVE ACROSS GROUP SEES OPERATING CAPEX IN FY25 TO BE A$2.0 - A$2.2 BILLION IN AUSTRALIAN FOOD, SALES FOR FIRST 8 WEEKS OF F25 HAVE INCREASED B

Reuters - 3 weeks ago

Australia's Woolworths climbs to near 7-month high after annual results, special dividend

BUZZ-Australia's Woolworths climbs to near 7-month high after annual results, special dividend ** Shares of Woolworths Group WOW.AX rise as much as 2.3% to A$36.29, their highest levels since Feb 2 ** Australia's largest supermarket chain posted net profit after tax before significant items of A$1.71 bln ($1.16 bln), flat from prior year ** Profit

Reuters - 3 weeks ago

Australia's Woolworths rises after special dividend, profit in line with forecast

UPDATE 3-Australia's Woolworths rises after special dividend, profit in line with forecast Declares special dividend of 40 AU cents per share Says sales momentum improving in FY25 Shares climb to six-month high Recasts, adds shares, and analysts' comments in paragraphs 2 and 10 By Himanshi Akhand Aug 28 (Reuters) - Shares of Woolworths WOW.AX climbed on Wednesday after the Australian grocer declared a special dividend and also said its full-year profit dropped in line with analysts' forecast as

Reuters - 3 weeks ago

Australia's Woolworths posts flat annual profit

Australia's Woolworths posts flat annual profit Aug 28 (Reuters) - Woolworths Group WOW.AX , Australia's largest supermarket chain, reported a flat annual profit on Wednesday, as weak performance in its New Zealand Food and Big W divisions offset sales growth in its Australian food and Australian B2B segments. The company posted net profit after tax before significant items of A$1.71 billion ($1.16 billion) for the year ended June , largely in line with A$1.72 billion in the prior year and a Vis

Reuters - 3 weeks ago

No happy hour for alcohol retailer Endeavour as costs, regulator concerns weigh, Citi says

BUZZ-No happy hour for alcohol retailer Endeavour as costs, regulator concerns weigh, Citi says ** Citi cuts price target on Australian alcohol retailer and hotels operator Endeavour Group EDV.AX to A$5.18 from A$5.78, maintains "neutral" rating ** EDV on Monday reported in-line FY24 profit of A$512 mln ($346.68 mln), down ~17% from the prior year

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