Woolworths Group Ltd (ASX: WOW) was founded in 1924 by Percy Christmas, with its first store opening in Sydney’s Imperial Arcade. Woolworths has gone on to become Australia’s largest supermarket business, operating Woolworths supermarkets in Australia and Countdown in New Zealand. It also runs the retail department store Big W as well as liquor stores Dan Murphy’s and BWS. With over 3,000 stores and more than 200,000 employees, it’s one of Australia’s largest employers.
The Woolworths Group Ltd (ASX:WOW) share price is down even though the business reported strong sales growth in the third quarter of FY23.
This short ASX investing article is my trivial attempt to think about the ASX’s best companies, ranked by ROIC.
Nathan Bell, Head of Research at Intelligent Investor, joins Owen Rask on The Australian Investors Podcast to talk about global markets, ING Groep and Universal Music Group.
The Woolworths Group Ltd (ASX:WOW) share price is under the spotlight as the company announced its HY23 report.
The Woolworths Group Ltd (ASX:WOW) share price is higher after the retailer announced that it had spent $586 million for a 55% interest of PETstock.
The share price of Endeavour Group Ltd (ASX:EDV) is in focus today after a sell-down by former parent Woolworths Group Ltd (ASX: WOW).
The Woolworths Group Ltd (ASX:WOW) share price is in focus on talk that the business is thinking about investing in PETstock.
The S&P/ASX200 (INDEXASX: XJO) rose 0.3% on Wednesday as the Megaport Ltd (ASX: MP1) share price dived and Pilbara Minerals Ltd (ASX:PLS) share price rises.
The Dubber Corp Ltd (ASX: DUB) share price was suspended on Monday morning following what is, as far as I can tell, a failure to lodge audited financial accounts to shareholders.
