Tag Archives: S&P/ASX 20 S&P/ASX 50 S&P/ASX 100 S&P/ASX 200 S&P/ASX 300 ALL ORDINARIES S&P/ASX All Australian 50 S&P/ASX All Australian 200 S&P/ASX 200 Consumer Staples

Withdrawal of Office works IPO: Recently, the group has undertaken a strategic review of Officeworks, which included a potential initial public offering (IPO) of the business announced on 15 February 2017.

Withdrawal of Office works IPO: Recently, the group has undertaken a strategic review of Officeworks, which included a potential initial public offering (IPO) of the business announced on 15 February 2017. However, considering the current equity market conditions, the company has determined that an IPO of Officeworks in the current scenario would not realize appropriate value and postponed the IPO

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Two stocks to sell – Wesfarmers Ltd and AGL Energy Ltd

Withdrawal of Office works IPO: Recently, the group has undertaken a strategic review of Officeworks, which included a potential initial public offering (IPO) of the business announced on 15 February 2017. However, considering the current equity market conditions, the company has determined that an IPO of Officeworks in the current scenario would not realize appropriate value and postponed the IPO

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Turnaround of BIG W to drive earnings: During Q3FY17, Woolworths Limited

Turnaround of BIG W to drive earnings: During Q3FY17, Woolworths Limited (ASX: WOW) reported a moderate sales growth of 3.7% year on year (yoy) to $13.8 billion, led by strong momentum in Australian food division with 5.1% yoy growth to $9.3 billion. Further, the company is expecting a significant ramp-up in supermarket renewals run-rate with 49 planned for H2FY17.  Currently,

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Story of Supermarket stocks

Turnaround of BIG W to drive earnings: During Q3FY17, Woolworths Limited (ASX: WOW) reported a moderate sales growth of 3.7% year on year (yoy) to $13.8 billion, led by strong momentum in Australian food division with 5.1% yoy growth to $9.3 billion. Further, the company is expecting a significant ramp-up in supermarket renewals run-rate with 49 planned for H2FY17.  Currently,

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Woolworths Ltd – Rebuilding WOW Business

Rebuilding WOW business: Recently, Woolworths Limited (ASX: WOW) announced that Moody’s Investors Service downgraded its issuer rating on senior unsecured notes by one notch to Baa2 with negative outlook while Standard & Poor’s BBB+ rating with negative outlook remains unchanged. For half year 2016, total group sales were down 1.4% to $32 billion and net profit after tax down 176%

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