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Work at the site began in February. Photo: Gabriel Oliveira

IGA owner loses Woolies appeal

The Supreme Court has dismissed a review application from the owner of the Canning Bridge IGA regarding a new Woolworths development in Mt Pleasant.

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applecross
The Woolworths store in Mt Pleasant will be good as it will provide a shopping choice and cost savings for shoppers. More competition will mean reduced prices as IGA prices are very expensive as they had a monopoly like situation in Applecross. Hopefully Woolworths quality will be as good as IGA.

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Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
166thRio Tinto12%-1%
265thWestpac-2%13%
279thTelstra-4%21%
290thCommonwealth Bank-7%14%
376thWoolworths-19%-1%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

1st↑Woolworths$61,149.4m
2nd-Rio Tinto$49,225.3m
5th-Commonwealth Bank$27,005.0m
6th-Telstra$26,607.0m
7th↑Westpac$21,642.0m
78 listed non wa companies ranked by revenue.
Source: Morningstar

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