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Markets

Viva Energy raises $100m to fuel more petrol station buys
2 days ago

Viva Energy raises $100m to fuel more petrol station buys

Viva Energy REIT has extended the run of real estate investment trust raisings this year as it looks to expand its $2.5 billion empire of petrol stations and convenience stores.


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Caltex Australia Limited (CTX) – The Fuel Retailer With 25% Market Share
2 weeks ago

Caltex Australia Limited (CTX) – The Fuel Retailer With 25% Market Share

Caltex Australia Limited (ASX: CTX) is the largest Australian fuel retailer with a 25% market share. The industry is dominated by the Big 4 fuel retailers (in declining order of size):


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Why Viva Energy shares shot higher but Coles shares sank lower today
2 weeks ago

Why Viva Energy shares shot higher but Coles shares sank lower today

The Viva Energy Group Ltd (ASX: VEA) share price has been one of the best performers on the local market on Wednesday.

At the time of writing the fuel retailer’s shares are up …
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Caltex $500m buyback tipped
3 weeks ago

Caltex $500m buyback tipped

Caltex is tipped to launch a $500 million-plus buyback when it releases its half-yearly result to reduce excess franking credits and to offset weaker earnings.

In a note yesterday, …
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Viva Energy again downgrades profit estimates as refiner margins sag
4 weeks ago

Viva Energy again downgrades profit estimates as refiner margins sag

Recently listed fuels supplier Viva Energy has again downgraded its profit guidance for 2018, citing weakness in Asian refining margins, as warned that profit from refining this first half of …
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The Coles Group share price could be a surprising outperformer in 2019
1 month ago

The Coles Group share price could be a surprising outperformer in 2019

The Coles Group Ltd (ASX: COL) share price is surging ahead of the Woolworths Group Ltd(ASX: WOW) share price today as UBS questions whether the performance gap between the two is closing.

The COL share …
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Steep fall in Caltex profit caps year of massive share price losses
2 months ago

Steep fall in Caltex profit caps year of massive share price losses

Caltex Australia has flagged a steep fall in full-year profit following an unplanned outage at its refinery and as high fuel prices prompt motorists to shop around.

Shares …
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Coles starts trading on the ASX
3 months ago

Coles starts trading on the ASX

After an 11-year absence due to its incorporation with Wesfarmers (ASX: WES), one of country’s leading supermarkets is back on the Australian Stock Exchange.

Shares in Coles Group (ASX: COL) started …
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Coles faces $100m earnings drop from wages, fuel: BAML
3 months ago

Coles faces $100m earnings drop from wages, fuel: BAML

A higher wages bill, a struggling petrol station business and lost sales momentum could see supermarket giant Coles’ earnings fall $100 million in its first year as a standalone company, according to …
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Viva profit downgrade has lessons for Coles

Viva Energy Group’s 16 per cent profit downgrade carries lessons for other public companies new to the share market and the most obvious is Viva’s partner, supermarket chain Coles, which will list …
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