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.
Today, Australia and New Zealand Banking Banking Group Ltd (ASX:ANZ) will only offer you a measly 0.20% p.a on a 12-month term deposit. Here’s an alternative.
Woolworths Group Ltd (ASX:WOW) has had a structural tailwind from COVID-19 as one of the only retailers allowed to continuously trade around Australia all-year long.
Could Coles Group Ltd (ASX:COL) shares be the most defensive option on the ASX to consider?
The S&P/ASX 200 (INDEXASX:XJO) is set to tumble when the market opens this morning after US markets fell more than 3% overnight. Afterpay (ASX:APT) is in the news.
Coles Group Ltd (ASX:COL) has released a trading update for the first 17 weeks of FY21. The Coles share price is up in reaction.
The Reject Shop Ltd (ASX:TRS) share price has been flat since news broke that the retailer would begin stocking best-selling products from a major UK supermarket chain.
The S&P Dow Jones Indices has announced the changes to the various S&P/ASX Indices. The changes will happen on 21 September 2020.
Wesfarmers Ltd (ASX: WES) delivered its financial year result earlier today, reporting a 10.5% increase in revenue from continuing operations — that is, excluding Coles Group Ltd (ASX: COL — and an 8.2% increase in net profit to $2.08 billion.
The Coles Group Limited (ASX:COL) share price will be under scrutiny today as the supermarket business announced its FY20 report. The Coles share price is up 0.5%.
