The supermarket price war continues to punish Woolworths with shares down 8%,while ANZ misses expectations despite $7bn profits A weaker than expected $7.2bn profit from ANZ and a warning from Woolworths approximately future earnings have dragged the share market lower.
Woolworths and its rival, Coles owner Wesfarmers, and were among the worst performers on the market after Woolies said its profit was likely to drop by up to 35% in the first half of the financial year.
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Source: theguardian.com