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Woolworths Ltd (WOW.AX)

WOW.AX on Australia Stock Exchange

26.88AUD
28 Apr 2017
Change (% chg)

$-0.10 (-0.37%)
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$26.78
Volume
3,137,398
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Latest Key Developments (Source: Significant Developments)

Woolworths updates on home improvement exit
Thursday, 20 Apr 2017 07:53pm EDT 

April 21 (Reuters) - Woolworths Ltd :Notes that an award has now been made in confidential arbitration between woolworths and lowe's in relation to their home improvement joint venture..Woolworths will be able to conclude proposed transaction with home consortium without consent of lowe's.Lowe's is now required to sell its shares in joint venture co, Hydrox Holdings Pty for a value determined by a third-party independent expert as at 18 jan 2016.  Full Article

Woolworths Ltd responds to IMF Bentham's proposal to fund shareholder class action
Monday, 10 Apr 2017 11:13pm EDT 

Woolworths Ltd: Notes announcement by IMF Bentham that it proposes to fund shareholder class action against co . Company has not been served with proceedings ."Woolworths considers that it has, at all times, complied with its continuous disclosure obligations".  Full Article

Woolworths expects trading conditions to remain "competitive" for remainder of FY17
Tuesday, 21 Feb 2017 05:10pm EST 

Woolworths Ltd : "In second half, we will continue to invest in improving shopping experience and expect higher depreciation and team incentive payments." . "Still have a long way to go" ."We expect trading conditions to remain competitive for remainder of FY17".  Full Article

Woolworths says HY revenue from cont ops rose 3 pct
Tuesday, 21 Feb 2017 04:59pm EST 

Woolworths Ltd : hy net profit $ 725.3 million versus loss of $972.7 million a year ago . hy revenue from continuing operations $29,163.4 million, up 2.6 percent .board of directors declared an interim dividend of 34 cent per security.  Full Article

Caltex Australia comments on Woolworths' decision to sell fuel business to BP
Monday, 20 Feb 2017 07:50pm EST 

Caltex Australia Ltd : Notes Woolworths' decision to sell its fuels business to BP, subject to regulatory approval ."As regulatory approvals will be required for sale, any transaction remains uncertain and will take time to complete".  Full Article

Caltex Australia comments on Woolworths' decision to sell fuel business to BP
Monday, 20 Feb 2017 04:31pm EST 

Caltex Australia Ltd : Notes Woolworths' decision to sell its fuels business to BP, subject to regulatory approval ."As regulatory approvals will be required for sale, any transaction remains uncertain and will take time to complete".  Full Article

Caltex Australia comments on Woolworths deal with BP
Tuesday, 27 Dec 2016 07:33pm EST 

Caltex Australia Ltd : "Caltex will now continue to pursue adjacent business opportunities" . Notes announcement from Woolworths Ltd that it has entered into a deal to sell its fuels business and enter a strategic partnership with BP .Until regulatory approval is given and transaction is complete, Caltex will continue to provide fuel supply to woolworths and customers.  Full Article

Caltex Australia comments on Woolworths deal with BP
Tuesday, 27 Dec 2016 06:04pm EST 

Caltex Australia Ltd : "Caltex will now continue to pursue adjacent business opportunities" . Notes announcement from Woolworths Ltd that it has entered into a deal to sell its fuels business and enter a strategic partnership with BP .Until regulatory approval is given and transaction is complete, Caltex will continue to provide fuel supply to woolworths and customers.  Full Article

Woolworths Ltd announces sale of fuel business to BP for $1.79 billion
Tuesday, 27 Dec 2016 04:32pm EST 

Woolworths Ltd : Announces sale of fuel business and strategic partnership . On 24 Dec entered into binding agreements to facilitate sale of its 527 Woolworths-owned fuel convenience sites and 16 committed development sites to BP for $1.785 billion . Sale of fuel business is not expected to have a material impact on woolworths group earnings . Transaction is subject to customary closing conditions including BP obtaining Australian Competition and Consumer Commission (ACCC) and FIRB . Woolworths and BP plan on entering into a long-term strategic partnership . To preserve and expand 4CPL fuel discount offer, parties will enter into a minimum 10-year redemption agreement .Woolworths and BP will commit to maintain and equally fund issuance of 4CPL fuel discount vouchers under same conditions as today.  Full Article

ACCC to not appeal court's judgment dismissing claim against Woolworths
Thursday, 15 Dec 2016 08:44pm EST 

Australian Competition and Consumer Commission- : Won’t appeal Woolworths unconscionable conduct decision .To not appeal court judgment that dismissed claim that woolworths engaged in "unconscionable conduct in dealing with suppliers" via "mind the gap" scheme.  Full Article

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BRIEF-Skyfii says co has finalized a master services agreement with Woolworths of South Africa

* Has finalized a master services agreement with Woolworths of South Africa Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)