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Alex Druce

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Elders makes $187m takeover bid for rural wholesaler

Adelaide-based Elders has made a $187 million scrip and cash offer for unlisted private wholesale buying group, Australian Independent Rural Retailers.

Woolworths' pokies exit "not about gaming"

Supermarket giant Woolworths is combining its liquor and hospitality businesses ahead of a divestment next year, but insists it is not trying to distance itself from the gambling industry.

Use of artificial intelligence is a key plank of Coles' plan to save $1b by 2023. Photo: AAP/Joel Carrett

AI, automation to drive $1b Coles savings target

Coles says its supermarkets will make $1 billion in cumulative savings over the next three years thanks to investments in technology, automation, and artificial intelligence.

Penfolds owner posts healthy profit lift

Treasury Wine Estates has raised a glass to shareholders, upping its interim dividend following a 15.1 per cent lift in first-half profit to $201.1 million.

Bendigo & Adelaide profit dips but it's banking on a royal commission boost

Bendigo and Adelaide Bank shares have taken a dive after a 2.4 per cent dip in first-half profit, but the regionally focused lender hopes to benefit from the big four’s public relations disaster at the royal commission.

ASX plummets to near two-year lows

The Australian share market has dived to near two-year lows amid a global stock sell-off, with energy and mining stocks bleeding red and the banks also suffering in early trade.

Roger David to shut all stores within weeks

Roger David’s 57 fashion and accessories stores will close within weeks after no buyers emerged in a four-week process to sell them as a going concern.