Tag: woolworths

Caltex releases first quarter trading update

Caltex Australia has announced its 2019 first quarter result, in conjunction with its annual general meeting. Caltex says the results are “in line” with the March update, although “down” on those of the...

EG Group appoints former Caltex exec to run Woolworths Petrol

EG Group, the new owner of Woolworths’ fuel business, has appointed a former Caltex executive as CEO. According to the Australian Financial Review (AFR), Mike McMenamin will take over as CEO of EG...

ACCC accepts Coles fuel discount variation

The ACCC has accepted a variation to an undertaking provided by Coles in 2013 relating to its shopper docket fuel discount offers. According to the ACCC, the variation to the undertaking will allow...

Woolies completes petrol-business sale to EG Group

Woolworths has completed the sale of its petrol business to EG Group and will return the proceeds via a buyback. The buyback will be off market and return $1.7 billion to shareholders, Woolworths...

Caltex announces 2018 full-year results and buyback

Caltex has announced its financial results for the 12 months ending December 31, 2018. The company says its RCOP (replacement cost of sales operating profit) NPAT (net profit after tax) result of $558...

Caltex and Woolworths launch new loyalty partnership

Caltex and Woolworths have launched an expanded loyalty partnership to “help deliver more value and savings to Australian consumers”. The new partnership will allow Woolworths Rewards’ 11.2 million members to earn Woolworths Points...

Does Amazon Go have convenience in its sights?

Amazon’s plan to open 3,000 new cashier-less Amazon Go stores in the next few years could seriously disrupt the convenience sector. The good news for Aussie convenience retailers is that it plans to open...

Caltex announces half-year 2018 result

This week, Caltex announced its financial results for the six months ending June 30, 2018. In a statement, the company said: “ announcement is broadly in line with guidance and demonstrates the significant...
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