shareholders

Coles

Shareholders Criticise Coles on Environmental Failures

At Coles’ recent annual general meeting, shareholders expressed deep dissatisfaction with the supermarket’s handling of key environmental issues, particularly the contentious practice of salmon farming in Tasmania’s Macquarie Harbour. Concern centred on the plight of the endangered Maugean skate fish, which has been severely affected by farming practices in the harbour, home to a dwindling […]

Shareholders Criticise Coles on Environmental Failures Read More »

woolworths

Woolworths Net Profit Plunges 93%

Woolworths, Australia’s largest retailer, is rewarding its shareholders with a special dividend of 40 cents per share despite experiencing a significant 93% drop in annual net profit. This decline is largely due to substantial impairments related to its stake in Endeavour, a drinks group, and its underperforming New Zealand supermarkets. Once again, Woolworths’ Australian supermarkets

Woolworths Net Profit Plunges 93% Read More »

food retailers

Food retailers need to tread carefully as prices soar

Major chains need to balance the needs of all stakeholders – consumers, suppliers and shareholders – to avoid greater scrutiny. Australia’s major supermarket chains are engaged in a delicate balancing act as food prices rise at the fastest pace in decades, adding to pressure on household budgets. Coles, Woolworths, Aldi and wholesaler Metcash face a backlash from

Food retailers need to tread carefully as prices soar Read More »

Scroll to Top