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ASX:COL

39 stories mentioning ASX:COLUpdated 2d ago

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Asia

Consumer Demand Under Pressure, Fiscal 2027 Poised for Risk, Jefferies Says

Consumer demand has been under pressure due to lower confidence, higher interest rates and a soft property market but retailers are set to report fiscal 2026 results broadly in line with consensus, Jefferies said in a note on Monday.The investment firm said, however, rising competition and elevated wage inflation are expected to weigh on retailers' earnings in fiscal 2027.The outlook for the supermarket sector in fiscal 2027 remains sturdy, as food inflation is expected to help offset rising wage costs. Coles Group (ASX:COL), was picked as the preferred stock, with a buy rating and a raised price target of AU$26.50 from AU$25.50.Wesfarmers (ASX:WES) was downgraded to underperform, with price target of $73. Despite the retailer's strong businesses and productivity initiatives, Jefferies said the valuation appears expensive following recent share price gains in light of moderate earnings growth.Flight Centre Travel (ASX:FLT) had been performing well before the outbreak of war in the Middle East. Its outlook remains robust, supported by recovering travel demand and a stronger leisure business mix after COVID-19, while rivals continue to face challenges. The brokerage provided a buy rating and price target of AU$14.50.Domino's Pizza Enterprises (ASX:DMP) is progressing well with improving debt levels and cost reductions beginning to deliver results. Same-store sales growth, which has been weak due to unprofitable promotions, should gain pace as pricing measures take effect. Jefferies maintained its buy rating but lowered its price target to AU$26.00 from AU$28.50.

ASX:COLASX:DMPASX:FLTASX:WESASX:WOW
Asia

Coles Group Shares Flat Amid ACCC Phase One Review of Proposed Western Australia Store Lease

Coles Group's (ASX:COL) shares were flat on Monday after the Australian Competition and Consumer Commission (ACCC) said it started a phase one initial review of a proposed lease between Coles and the trustee for Saracen Property Holdings for a supermarket within a new neighbourhood center at Clementine Village in Western Australia, the regulator said in a Friday statement.The proposed Coles supermarket is anticipated to open in July 2029, with the ACCC's determination period ending September 4, the statement added.

ASX:COL
Asia Markets

Australian Shares Fall; Coles Group Ends Talks With TPG Capital Over Potential Greencross Acquisition

Australian shares retreated on Friday after a sell-off on Wall Street over concerns of potential overcapacity in the artificial intelligence build-up.The S&P/ASX 200 Index fell by 44 points, or 0.5%, to close at 8,796.70.On Wall Street, the Nasdaq Composite index fell 1.5% overnight, while the S&P 500 and the Dow Jones declined 0.5% and 0.2%, respectively.Brent crude oil futures continued to rise to trade around $85 per barrel as the US and Iran continued to trade strikes. Meanwhile, spot gold fell below the $4,000 mark to around $3,981 per ounce.On the domestic front, the impact of artificial intelligence (AI) on the Australian labor market has been small so far, but the landscape is quickly rapidly, with the data pointing to the labor market changing in shape more than size, Jarden said.In company news, Coles Group (ASX:COL) said it has ceased discussions with private equity firm TPG Capital regarding the potential acquisition of Greencross Pet Wellness.Regis Resources (ASX:RRL) identified that 4,391 ounces of gold were incorrectly reported as poured bullion on hand after final reconciliation on June 30. As a result of this error, the end-of-month cash and bullion on hand was adjusted to AU$1.18 billion from AU$1.21 billion. Gold production at the Duketon gold project in Western Australia for the fiscal year 2027 is expected to be higher than in the fiscal year 2026.Lastly, Zip (ASX:ZIP) said it will undertake an orderly wind-down of its New Zealand operations following a strategic review, as the company sharpens its focus on its Australian and US businesses, which continue to deliver strong growth and profitability.

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Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Coles Group (ASX:COL): +3%, AU$23.31Xero (ASX:XRO): +3%, AU$71.17Woodside Energy Group (ASX:WDS): +3%, AU$30.27AMP (ASX:AMP): +3%, AU$1.95Amcor (ASX:AMC): +3%, AU$63.72Generation Development Group (ASX:GDG): +3%, AU$3.57Regis Healthcare (ASX:REG): +3%, AU$6.15GQG Partners (ASX:GQG): +3%, AU$1.41News Corp (ASX:NWS): +2%, AU$46.69Guzman y Gomez (ASX:GYG): +2%, AU$21.74

ASX 200ASX:AMCASX:AMPASX:COLASX:GDGASX:GQGASX:GYGASX:NWSASX:REGASX:WDSASX:XRO
Asia

Update: Coles Group Ends Talks With TPG Capital Over Potential Greencross Acquisition; Shares Up 4%

(Updates to add stock movement in the headline and the last paragraph)Coles Group (ASX:COL) said it has ceased discussions with private equity firm TPG Capital regarding the potential acquisition of Greencross Pet Wellness Co., according to a Friday filing with the Australian bourse.The company's shares rose past 4% in recent Friday trade.

ASX:COL
Asia

ASX Preview: Australian Shares to Fall as Oil Eases Amid Iran War Tensions; Coles Group Ends Talks With TPG Capital Over Potential Greencross Acquisition

Australian shares are poised to fall on Friday as oil prices declined about 1% but held near mid-June highs amid escalating tensions in the Iran war, after Tehran reportedly urged Yemen's Houthi movement to prepare for a possible closure of the Red Sea oil export route.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.5%, 1.5%, and 0.2%, respectively.In the macroeconomy, investors are eyeing Australia's labor force report next week.In corporate news, Coles Group (ASX:COL) said it has ceased discussions with private equity firm TPG Capital regarding the potential acquisition of Greencross Pet Wellness Company.Zip (ASX:ZIP) said it will undertake an orderly wind down of its New Zealand operations following a strategic review, as the company sharpens its focus on its Australian and US businesses, which continue to deliver strong growth and profitabilityAustralia's benchmark index closed flat with a negative bias at 8,840.70 on Thursday.

ASX 200ASX:COLASX:ZIP
Asia

Coles Group Ends Talks With TPG Capital Over Potential Greencross Acquisition

Coles Group (ASX:COL) said it has ceased discussions with private equity firm TPG Capital regarding the potential acquisition of Greencross Pet Wellness Co., according to a Friday filing with the Australian bourse.

ASX:COL
Asia

Coles Group Appeals ACCC's Rejection of Kalgoorlie Site Acquisition

Coles Group (ASX:COL) lodged an appeal against the Australian Competition and Consumer Commission's (ACCC) decision to block its proposed purchase of a supermarket and liquor site in Kalgoorlie, Western Australia, according to a Wednesday filing with the Australian Competition Tribunal.Following a phase two review, the ACCC said the acquisition might materially harm competition in the retail groceries space and likely lead to the exit of an independent full-line competitor from Kalgoorlie.In its appeal, Coles said the regulator's decision was not "objectively correct or preferable."The company's shares were down nearly 1% in recent Thursday trade.

ASX:COL
Asia

Coles Group Expands Pay With Points Program for Flybuys Members

Coles Group (ASX:COL) is allowing members of the Flybuys rewards program to take up to AU$100 off their bills at stores by redeeming up to 20,000 Flybuys points, the company said Wednesday.The expanded program has launched across Australia, enabling members to redeem points and take between AU$10 and AU$100 off their store bills. The offer was previously limited to AU$10 off per shop.Customers can earn one Flybuys point for every dollar spent at Coles and Liquorland, in addition to broader point-scoring opportunities across the Flybuys network.

ASX:COL
Asia

Coles Group's Proposed Acquisition of Paydock Under Phase One ACCC Review

Coles Group's (ASX:COL) proposed acquisition of software group Paydock is under a phase one initial review by the Australian Competition and Consumer Commission (ACCC), the regulator said Thursday.The ACCC launched a public consultation on the deal with a July 16 response deadline, and is looking to wrap up the initial assessment by Aug. 20.Coles Group unit Retail Payment Solutions, which provides payment acquiring services to certain Australian retailers, is looking to acquire Paydock, which offers a payment orchestration platform to merchants and financial institutions.

ASX:COL
Asia

Australian Shares Decline; South32 Strikes $6 Billion Deal to Sell Aluminum Assets to Alcoa

Australian shares closed lower on Wednesday as investors reacted to pessimism around a potential peace deal after Iran said it would not meet US envoys.The S&P/ASX 200 Index declined 0.64%, or by 55.80 points, to close at 8,722.90.Brent crude oil futures rose 0.5% to $73.31 per barrel, while gold eased 0.4% to $3,990 per ounce.On the domestic front, Australian manufacturing activity improved modestly in June, with employment and inventories rising even as output and new orders continued to contract amid elevated costs, supply-chain delays, and uncertainty driven by Middle East tensions. The headline seasonally adjusted S&P Global Australia Manufacturing Purchasing Manager's Index (PMI) rose to 51.5 in June from 50.7 in May, signalling a third consecutive month of expansion in the sector.The Australian Industry Index continued to signal weakness in June, declining to negative 30 in seasonally adjusted terms, indicating a broad slowdown across industrial sectors, according to a report released by the Australian Industry Group.The number of dwelling approvals in Australia declined 1.1% in May from the previous month to 17,019 after edging 0.2% lower in April, according to seasonally adjusted data released by the Australian Bureau of Statistics.In company news, South32 (ASX:S32) struck a deal to sell its aluminum assets to Alcoa (ASX:AAI) for an implied enterprise value of as much as $5.6 billion. Under the deal, Alcoa will acquire South32's 86% interest in Western Australia-based Worsley Alumina, full ownership of Hillside Aluminum in South Africa, 33% stake in Brazil's MRN bauxite mine, 36% in Brazil Alumina refinery, and 40% in Brazil Aluminum smelter.Coles Group's (ASX:COL) proposed acquisition of a leasehold for a new supermarket and liquor site in the Kalgoorlie-Boulder area of Western Australia would materially harm competition in the retail groceries space, the Australian Competition and Consumer Commission (ACCC) said.Lastly, Magellan Financial Group (ASX:MFG) said it completed its merger with Barrenjoey Capital Partners Group after receiving overwhelming shareholder support at the extraordinary general meeting on April 10 and satisfying all regulatory approvals and closing conditions.

ASX 200ASX:AAIASX:COLASX:MFGASX:S32
Asia

Update: Coles Group's Proposed Western Australia Supermarket Site Acquisition Would Harm Competition, ACCC Says; Shares Fall 6%

(Updates to add stock movement in the headline and the last paragraph)Coles Group's (ASX:COL) proposed acquisition of a leasehold for a new supermarket and liquor site in the Kalgoorlie-Boulder area of Western Australia would materially harm competition in the retail groceries space, the Australian Competition and Consumer Commission (ACCC) said Wednesday following a phase two review.Kalgoorlie has four large, full-line supermarkets and two smaller independent supermarkets. The proposed acquisition would likely "lead to the exit of an effective independent full-line competitor, and its assets, from Kalgoorlie and result in a reduction in the competitive constraints on the major supermarket chains," the regulator said.The property, located at Lots 95-106 Great Eastern Highway in Somerville, is currently vacant, but M/Group unit M Holdings 4 is looking to develop it as a neighborhood center, the ACCC said.In November 2025, Coles disclosed the acquisition of a leasehold interest at the property to open a large format supermarket and a Liquorland store."We disagree with the ACCC's decision," a Coles spokesperson said in a statement to, adding that it will review the decision before considering how to proceed."Blocking the development of a new supermarket on a vacant site does not promote competition," the spokesperson said. "It denies Kalgoorlie shoppers greater choice and convenience."The company's shares fell past 6% in recent Wednesday trade.

ASX:COL
Asia

Coles Group Confirms Talks With TPG Over Potential Greencross Pet Wellness Acquisition; Shares Fall 6%

Coles Group (ASX:COL) said it is conducting due diligence and remains in discussions with TPG regarding a potential acquisition of Greencross Pet Wellness, following recent media speculation, according to a Wednesday filing with the Australian bourse.The company said it regularly evaluates strategic opportunities and would pursue a deal only if it is strategically compelling and expected to deliver attractive returns, per the filing.The company noted that discussions are ongoing and remain incomplete, with no certainty that a transaction will proceed, the filing added.The company's shares fell past 6% in recent Wednesday trade.

ASX:COL
Asia

ASX Preview: Australian Shares Set to Rise with US-Iran Talks in Focus; South32 Strikes $6 Billion Deal to Sell Aluminum Assets to Alcoa

Australian shares are poised to rise on Wednesday, tracking steady oil prices that were little changed but set for their steepest monthly and quarterly losses since early 2020, as investors weighed US-Iran talks in Doha and fragile ceasefire dynamics.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.8%, 1.5%, and 0.3%, respectively.In the macroeconomy, Australian manufacturing activity improved modestly in June, with employment and inventories rising even as output and new orders continued to contract amid elevated costs, supply-chain delays, and uncertainty driven by Middle East tensions, according to a survey by S&P Global published Wednesday.Australian housing market worsened in June, recording the largest month-on-month decline in home values since Dec. 2022, as pessimistic sentiment grew amid rising cost-of-living pressures, Cotality said Wednesday.In corporate news, South32 (ASX:S32) struck a deal to sell its aluminum assets to Alcoa (ASX:AAI) for an implied enterprise value of as much as $5.6 billion.Coles Group's (ASX:COL) proposed acquisition of a leasehold for a new supermarket and liquor site in the Kalgoorlie-Boulder area of Western Australia would materially harm competition in the retail groceries space, the Australian Competition and Consumer Commission said Wednesday following a phase two review.Australia's benchmark index fell 0.5% or 44.7 points to close at 8,778.70 on Tuesday.

ASX 200ASX:AAIASX:COLASX:S32
Asia

Coles Group's Proposed Western Australia Supermarket Site Acquisition Would Harm Competition, ACCC Says

Coles Group's (ASX:COL) proposed acquisition of a leasehold for a new supermarket and liquor site in the Kalgoorlie-Boulder area of Western Australia would materially harm competition in the retail groceries space, the Australian Competition and Consumer Commission (ACCC) said Wednesday following a phase two review.Kalgoorlie has four large, full-line supermarkets and two smaller independent supermarkets. The proposed acquisition would likely "lead to the exit of an effective independent full-line competitor, and its assets, from Kalgoorlie and result in a reduction in the competitive constraints on the major supermarket chains," the regulator said.The property, located at Lots 95-106 Great Eastern Highway in Somerville, is currently vacant, but M/Group unit M Holdings 4 is looking to develop it as a neighborhood center, the ACCC said.In November 2025, Coles disclosed the acquisition of a leasehold interest at the property to open a large format supermarket and a Liquorland store."We disagree with the ACCC's decision," a Coles spokesperson said in a statement to, adding that it will review the decision before considering how to proceed."Blocking the development of a new supermarket on a vacant site does not promote competition," the spokesperson said. "It denies Kalgoorlie shoppers greater choice and convenience."

ASX:COL
Coles, Woolworths to Face Ban on Excessive Pricing From July
US Markets

Coles, Woolworths to Face Ban on Excessive Pricing From July

Australia's biggest supermarket chains are set to face a ban on excessive pricing as the country's consumer watchdog rolls out new rules on grocery price gouging.The Australian Competition and Consumer Commission will start tracking Woolworths' and Coles' compliance with a new ban on excessive pricing, effective July 1, under which the regulator will decide what constitutes a reasonable margin, among other factors.Under ACCC's guidelines, the penalty for breaching the prohibition or record-keeping requirement is the greater of AU$10 million, thrice the value of the benefit gained, or 10% of the company's annual turnover from the previous year."We will focus our attention on products where excessive pricing is likely to cause the most harm to consumers," said ACCC acting Chair Catriona Lowe.This comes after Australia's Federal Court served a ruling against Coles in May over a 2024 case that alleged the company deceived shoppers by advertising discounts on products that, in many cases, were being sold at higher prices.The 2024 case, brought by the ACCC, also had similar allegations against Woolworths, but the Federal Court has yet to deliver a judgment on the matter.Consumers worldwide are struggling with a cost-of-living crisis, while Australia's annual inflation rose 4% in May, with food and non-alcoholic beverages remaining the second-biggest contributor after housing.

ASX:COLASX:WOW
Asia

ACCC to Monitor Coles Group, Woolworths' Compliance With New Pricing Rules

The Australian Competition and Consumer Commission (ACCC) will start tracking big supermarkets' compliance with a new ban on excessive pricing, effective July 1, the regulator said Friday.The excessive pricing prohibition is applicable to large supermarket retailers with annual revenue of over AU$30 billion, a threshold that currently captures just Coles Group (ASX:COL) and Woolworths Group (ASX:WOW), the ACCC said.Under the new rules, the regulator will consider various factors such as the cost of supplying a grocery product and what constitutes a reasonable margin for the supermarket to decide if pricing is appropriate.The ACCC will initially focus its monitoring on a select group of products "where excessive pricing is likely to cause the most harm to consumers," said ACCC Acting Chair Catriona Lowe.

ASX:COLASX:WOW
Asia

Coles Group Partners With Agri-Food Technology Company

Coles Group (ASX:COL) partnered with Ever.Ag to introduce data science and optimization modeling into Coles' fresh meat supply chain, the agri-food technology company said in a statement on Thursday.Coles and Ever.Ag intend to move to value-based from volume-based optimization to simulate scenarios and market swings while making decisions that balance efficiency with environmental impact, per the statement.

ASX:COL
Asia

Coles Group Accepts Ranging of Calmer Co International's New Kava Product

Coles Group (ASX:COL) accepted the ranging of Calmer Co International's (ASX:CCO) new Fiji Kava-branded FZZR kava product as part of its latest range review, according to a Wednesday filing with the Australian bourse.Calmer Co International expects the product, which will be regulated as a complementary medicine under the Therapeutic Goods Administration framework, to be distributed through Coles stores in October, the filing said.

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Asia

Coles Group's Proposed NSW Acquisition for New Supermarket Under ACCC Review

Coles Group's (ASX:COL) proposed acquisition for the development of a Coles supermarket within an existing shopping centre in New South Wales is under phase 1 review by the Australian Competition and Consumer Commission (ACCC), the regulator said Tuesday.The proposed Coles supermarket is anticipated to open in September 2027, the regulator said.

ASX:COL

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