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.
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%.
In the most recent episode of The Australian Investors Podcast, Collins St Value Fund co-founder and portfolio manager Michael Goldberg joined Owen Rask for a talk about value investing, being contrarian, backing yourself and knowing when not to.
Here is the summary of the COVID-19 lockdown restrictions imposed by the Daniel Andrews-led Victorian Government on Monday (as they relate to ASX companies).
The S&P/ASX 200 (INDEXASX: XJO) is set to open lower this morning according to futures in Sydney. Here’s what you need to know.
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.
Australia’s share market and or the All Ordinaries (ASX: XAO), is currently trading up 1.28%, with shares of Crown Resorts Ltd (ASX: CWN), National Australia Bank Ltd. (ASX: NAB) & Coles Group Ltd (ASX: COL) moving the Australian share market.
The Coles (ASX:COL) share price is falling after the supermarket company released an update to the market this morning.
The Coles (ASX:COL) share price is down 6.7% today, is it time to dump your Coles shares?
