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Coles Group Ltd (ASX:COL)

Food & Staples Retailing

Coles Group (ASX: COL) was split from the broader Wesfarmers conglomerate (which owns Bunnings Warehouse) in November 2018 after 10 years of ownership. However, the Coles name has operated in Australia for 100 years. Today, Coles is one of the largest retailers in the country, serving 21 million customers per week across its supermarkets, Coles Express, Online, Vintage Choice and others.

Coles Group Ltd (ASX:COL) share price

Coles Group Ltd (ASX:COL) share price news

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Experts
Drew Meredith, CFP

The recession begins?

The US economy shrank at an annual rate of 4.8% in the first quarter, confirming the worst fears that the world’s largest economy is already in a recession. This was much worse than the 3.5% expected.

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Today's ASX news
Rask Invest Research Team

The ASX 200 (XJO) today – latest news

The S&P/ASX 200 (ASX: XJO) is expected to trade higher today with the Sydney Futures Exchange pointing to a positive open. Right now, the ASX 200 is priced 0.48% from its 52-week high of 7009.3.

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