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 Metcash Limited (ASX: MTS) share price bounced a hefty 3% today, taking the Woolworths Group Ltd (ASX: WOW) and Coles Group Ltd (ASX: COL) along for the ride. The MTS share price is mostly flat over the past six months, according to Rask Media.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) just capped off its worst week since March 2020, falling 1.8 per cent on Friday and dragging the ASX200 down 6.6 per cent for the week. The 6.6 per cent fall in the ASX 200 followed a 4.2 per cent drop in the prior week which now has the index nearing a bear market.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) were as much as 1.1 per cent higher during Thursday’s session following the US Federal Reserve’s decision to hike interest rates. By Friday midday, the ASX 200 was again trading lower, this time down 2%.
It’s been a crazy few months, hasn’t it? Rates, Elections, inflation… Here’s how I’m investing right now.
The S&P/ASX 200 (ASX: XJO) posted a 1.2% gain to finish the week as MyDeal (ASX:MYD) and Woolworths (ASX:WOW) shares made headlines.
The ASX 200 (ASX:XJO) couldn’t overcome growing concerns about stagflation on Thursday as Ramsay (ASX:RHC) and Webjet (ASX:WEB) made headlines.
In this Investor Bootcamp episode on The Australian Investors Podcast, Owen Rask dives deep into finding, identifying and researching a company’s competitive advantage, otherwise known as “moat”.
The S&P/ASX 200 (ASX:XJO) fell another 1.2% to start the week as Westpac (ASX:WBC) and Magellan (ASX:MFG) shares made headlines.
Here are my three key investor takeaways from a shortened week that saw the S&P/ASX 200 (ASX: XJO) finish broadly flat.
