Woolworths has announced the sale of its 540 petrol stations to UK-based EG Group for $1.73 billion, months after BP pulled out of a deal to buy the fuel business.
In the latest property deals wrap, Woolworths makes a $27 million sale, while Sirona Capital spin-off Harvis Corp and US private equity firm Black Mountain Metals have leased office space in the Perth CBD.
Caltex Australia says it is considering selling part of its convenience retail assets valued at $2 billion, even as higher costs kept its first-half profit at the lower end of its guidance.
Retail giant Woolworths has posted a 12.5 per cent jump in annual net profit but has flagged that supermarket sales in the new financial year have come under pressure by the removal of single-use plastic bags.
Investors have welcomed today's news that Wesfarmers plans to spin-off supermarket giant Coles and create a separately listed business that would rank among the 30 biggest on the Australian stock market.
The competition watchdog is taking Woolworths to the Federal Court, accusing it of labelling its disposable picnic products as biodegradable when they are not.
A new book by Meerkats co-founder Mike Edmonds, Truth, Growth, Repeat, expounds a business philosophy influenced by four decades of advertising industry experience, good and bad.
David Jones' South African owner Woolworths will take a $713 million write-down on the value of the department store chain as Australia's tough retail market bites harder into the business.
The consumer watchdog plans to oppose the proposed takeover of Woolworths service stations by BP Australia, saying the deal would substantially lessen competition.
SPECIAL REPORT: Data from the annual BNiQ Search Engine biggest employers list suggests an economic recovery is under way as mining and civil contractors boost their workforce numbers.
Grocery wholesaler Metcash has lifted first-half profit by 24 per cent to $92.9 million, despite a drop in sales across its supermarkets business, with WA sales hit by increased competition and soft economic conditions.
Shares in Woolworths have risen after the supermarket chain unveiled strong first quarter food sales that continued to outpace the growth of rival Coles.
Shares in Woolworths have fallen after the supermarket giant finalised its exit from its disastrous Masters hardware venture by completing the sale of its store sites.
Motorists could end up paying more for fuel if BP's proposed $1.8 billion takeover of Woolworths petrol stations goes ahead, the competition watchdog warns.
Shares in Cola-Cola Amatil have fizzled following news Woolworths will pull all but two of the beverage giant's Mount Franklin water products from shelves.
Coca Cola-Amatil has suffered a double blow, losing a contract with Australia's largest pizza chain to its rival and failing to get its latest no sugar offering on the shelves of supermarket giant Woolworths.
Retail giant Woolworths could face a $100 million shareholder class action for allegedly failing to properly inform investors it would not meet its profit growth forecasts in the 2014-15 financial year.
Woolworths' crucial comparable food sales for the first half have outshone those at fierce rival Coles in a sign that heavy discounting is luring shoppers back.
OPINION: Despite some widely publicised problems in the past year, Woolworths is emerging stronger in the supermarket face-off with major rival, Coles.
At least two Western Australian Bunnings warehouses will close as part of the hardware giant's purchase of Woolworths' Masters sites, BWP Trust has disclosed.
