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Viva Energy again downgrades profit estimates as refiner margins sag
3 months 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
3 months 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
4 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
5 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
5 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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Viva Energy under pump as profit forecast takes a hit
5 months ago

Viva Energy under pump as profit forecast takes a hit

Lower oil price margins and a refinery blackout has forced Viva Energy to cut profit forecasts just four months after its sharemarket debut, amid an emerging battle to improve …
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Euro Garages leads race for Woolworths’ petrol stations
6 months ago

Euro Garages leads race for Woolworths’ petrol stations

Euro Garages owner EG Group appears to be in the box seat to buy Woolworths’ $1.8 billion petrol station operations as the supermarket giant’s discount department store Big W …
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Woolies petrol float put on ice
6 months ago

Woolies petrol float put on ice

Woolworths is understood to have pushed back until next year its initial public offering plans for its $2 billion petrol stations division as markets remain volatile and Viva Energy continues …
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Woolworths Petrol IPO up in the air as prices hit decade high
6 months ago

Woolworths Petrol IPO up in the air as prices hit decade high

Woolworths will decide by the end of October whether to press ahead with a $1.6 billion float of its fuel business amid fears decade-high petrol prices and a stoush between Coles and Viva Energy …
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