Analysis of GQG Partners, Magellan Financial Group, Coles Group
Fund Manager Chris Pedersen discusses GQG Partners, Magellan Financial Group and Coles Group.
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For Coles to be at its best we need a shared vision, purpose and strategy as well as a culture that values consistent behaviours.
Our vision is to ‘become the most trusted retailer in Australia and grow long-term shareholder value’.
Becoming the most trusted retailer in Australia means we are reliable and responsible, and delivering on our purpose. We have millions of shareholders and that’s why it’s important that we focus on long-term shareholder value.
Our purpose is to ‘sustainably feed all Australians to help them lead healthier, happier lives’.
This is why we exist. We have an important role to play to sustainably feed all Australians. From food waste to a sustainable food chain, we want to be sure we’re here for another century, creating jobs, supporting our suppliers and making a positive difference in our local communities.
Our strategy is all about changing at pace, efficiency and innovating for the future and outlines how we will deliver for our customers and teams.
Fund Manager Chris Pedersen discusses GQG Partners, Magellan Financial Group and Coles Group.
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Coles Group (ASX:COL) reported mixed results in its first quarter of FY2025, highlighting growth in some segments while grappling with tightened consumer spending in others.
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Coles (ASX:COL) and Woolworths (ASX:WOW) shares fell by more than 3% yesterday following the ACCC's bombshell announcement of legal action against the supermarket giants, alleging they misled customers through their discount offers.
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The country’s second-largest supermarket group, Coles Group (ASX:COL), will pay shareholders 3% more in total dividends for the 2023-24 year after a 2.1% increase in earnings to a new high of $1.1 billion.
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The March quarter saw a solid performance by Coles Group (ASX:COL), the country’s number 2 supermarket chain behind Woolworths.
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The country's second-largest supermarket business, Coles (ASX:COL), has announced a steady interim dividend despite a slight dip in profit for the 27 weeks ending December 31.
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Australian supermarket operator Coles (ASX:COL) has reported a 4.8% rise in its full-year cash profit, amounting to $1.1 billion, driven by a solid surge in revenue from its grocery division.
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Supermarkets giant Coles has appointed the first female CEO in its 100-year plus history after earlier reporting a cost cutting-driven record interim profit of $643 million.
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