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Murray Goulburn loses $108m deal with Woolworths
2016-08-03 01:00:00| Food Processing Technology
Australian dairy foods company Murray Goulburn (MG) has lost its contract with grocer Woolworths for the supply of cheese, UHT milk, adult milk powder and cream.
Tags: deal
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woolworths
Woolworths boss Brad Banducci steering clear of ALH board role
2016-04-06 13:15:46| Grocery - Topix.net
Woolworths' new chief executive Brad Banducci is tipped to focus on improving the retailer's supermarkets division, which generates 70 per cent of group profit. Woolworths' new chief executive Brad Banducci will not replace Grant O'Brien on the board of Australian Leisure and Hospitality Group, while former boss Roger Corbett is tipped to join the hotels and pokies operator as a non-executive director in the next month.
Moody's downgrades Australia's Woolworths
2016-03-02 02:24:26| Grocery - Topix.net
Ratings agency Moody's Investors Service said on Wednesday it has downgraded Australia's Woolworths Ltd as a result of increased competition to the country's largest supermarket chain. Moody's said it has assigned Woolworths a rating of Baa2 from Baa1, while its outlook for the grocery chain remains negative.
Tags: downgrades
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australias
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Woolworths sees 33% fall in profits
2016-02-26 02:26:15| BBC News | Business | UK Edition
Australia's biggest supermarket chain Woolworths posts a 33% fall in profit for the six months to December and says there is "much to do" to improve its business.
Tags: fall
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woolworths
Australia shares set to tiptoe higher, Woolworths under pressure
2016-02-25 23:55:35| Grocery - Topix.net
MELBOURNE, Feb 26 Australian shares are set to open a touch higher on Friday, buoyed by gains offshore and with energy stocks climbing on hopes major oil producers may agree to cut output, but a profit warning from supermarket Woolworths could hurt the market. Local share price index futures rose 0.7 percent to 4,871.0 to sit at 10.2-point discount to the underlying S&P/ASX 200 index close.
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