News Articles for Jeff Adams

IGA Supermarkets owner and distributor Metcash has reported record annual sales and will buy back shares.

IGA supermarkets owner Metcash has turned around its fortunes to report a $125.1 million first-half profit on the back of a coronavirus shopping boom.

Wholesale distributor Metcash is benefitting from a continuing growth in sales as customers rediscovered neighbourhood supermarkets during the coronavirus pandemic.

IGA supplier Metcash is seeking to raise $330 million to strengthen its balance sheet as it weathers the COVID-19 restrictions.

Metcash shares have rallied after the supermarkets wholesaler announced a $125 million share buyback alongside an impairment-driven full-year loss of $149.5 million.