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.
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?
Coles Group Ltd (ASX:COL) shareholders will be a little happier today after the supermarket giant released a trading update and improved profit guidance.
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.
The Coles (ASX:COL) share price is rising after the supermarket business announced a large new deal.
Coles (ASX:COL) has announced a subscription service, is it going to become a Supermarket-as-a-Service business?
Coles (ASX:COL) just announced it has priced $600 million from the Australian debt capital markets.
