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Woolworths expected to return $1.7b through off-market buy-back
2 days ago

Woolworths expected to return $1.7b through off-market buy-back

Woolworths is expected to return $1.7 billion from the sale of its fuel retailing business through an off-market share buy-back to minimise earnings dilution and maximise the distribution of franking credits.

When …
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Woolies sells petrol stations for $1.7bn
3 days ago

Woolies sells petrol stations for $1.7bn

Woolworths has outlined plans to sell its petrol retailing business to Britain’s EG Group for $1.73 billion, in a move that introduces a new player in the fuel distribution …
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7-Eleven Day sees franchisees and head-office staff side by side
7 days ago

7-Eleven Day sees franchisees and head-office staff side by side

Convenience franchise 7-Eleven has launched its annual 7-Eleven day promotion, promising to deliver over $18,000 in prizes for consumers.

Held every year on November 7, the one-day campaign is the …
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Wodonga motorists getting better petrol prices after United opens on McKoy St
1 week ago

Wodonga motorists getting better petrol prices after United opens on McKoy St

THE recently opened United service station on McKoy Street and the APCO service station on Moorefield Park Drive are offering significantly lower fuel prices compared to their counterparts elsewhere in …
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Woolworths and Caltex roll out further petrol discounts
1 week ago

Woolworths and Caltex roll out further petrol discounts

PETROL price competition is set to ignite with the rollout of 4 cent discounting at dozens of petrol stations nationally and allow motorists to collect rewards points when they fill …
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No petrol for small town amid epic price rise
1 week ago

No petrol for small town amid epic price rise

THE owners of McCoy’s Cafe in Cooyar have made the difficult decision to no longer trade as a fuel retailer.

Having taken over the business, previously known as Cooyar Food …
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Time for servos to sign-up for fuel price scheme
2 weeks ago

Time for servos to sign-up for fuel price scheme

By  •  Information

On 1 November 2018, Queensland Energy Minister Dr Anthony Lynham told Parliament that retailers should sign-up online by mid-November to supply their up-to-date prices, so they were ready for the …
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Fuel prices, protests & public policy
2 weeks ago

Fuel prices, protests & public policy

By  •  Feature

Friday the 26th of October and Saturday the 27th of October 2018 marked the conduct of a two-day national boycott of service stations across Australia, as widely promoted on social …
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Caltex leans on Woolworths to drive retail growth
2 weeks ago

Caltex leans on Woolworths to drive retail growth

Reduced fuel volumes and lower margins due to “targeted competitor actions” in Q3 wiped $20 million off of Caltex’s forecasted EBIT range for this year.

The revised range for the …
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Scott Morrison peddles false hope on petrol when technology could change everything
2 weeks ago

Scott Morrison peddles false hope on petrol when technology could change everything

When the Howard government was implementing the GST, it promised the tax would not cause a net increase in the price of petrol.

To achieve this, it developed a formula …
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