ACCC finds Australia’s supermarkets are among the world’s most profitable – but doesn’t accuse them of price gouging
The long-awaited, 441-page final report also doesn’t recommend new divestiture powers or breaking up the supermarkets.
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Lunch Wrap: Woolies, Coles cleared of price gouging; miners ratted after Trump’s exec order
Woolies and Coles soar after ACCC pass, Trump boosts US minerals, and Paladin dips after Namibian mine closure.
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Australias Supermarkets Among Worlds Most Profitable
Australia's supermarket sector has endured a long, uncomfortable moment in the spotlight. There have been six comprehensive inquiries into its ...
‘Enhanced competition’ needed to bring grocery prices down
The supermarket sector would benefit from more competition, but an ACCC boss stopped short of calling Woolworths and Coles a duopoly.
‘Flaccid’ crackdown lashed, after govt rejects supermarkets break-up
Opposition senators are piling on the pressure after the government again rejected calls to break up big supermarkets.