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Woolies Changes Tack

The chances of Woolworths revealing some significant capital management moves to benefit shareholders have risen with the reports the retail giant has dropped its ambitions to get its hands on some of the retail assets of rival, Coles Group.

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WOW’s 1st Q Pleases

A cautious first quarter sales report from the country's biggest retailer, Woolworths, but one that makes clear the retail boom we've been experiencing since the start of the year is alive and well and high petrol prices are no longer a hindrance; while inflation seems to be easing for the retail giant.

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BHP’s Records

Eight successive half year record profits in a row, capped by the latest which pushed the annual result of the world's biggest miner up 35% to $US13.7 billion (or $A16.27 billion at yesterday's exchange rate of 80.24 USc for the Australian dollar).

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