Drakes supermarkets

Thursday, October 01

Metcash shares' biggest fall in six months

Metcash shares have continued to fall, tumbling nearly seven per cent a day after the company said it sees more tough times ahead in the supermarket sector.

Deregulation opponent granted shop trading hours pass

In a move seized on by the Marshall Government, a fierce opponent of the deregulation of shop trading hours in South Australia has applied for – and been granted – an exemption from trading hours restrictions for a supermarket in Wayville.

Metcash shares lift despite $150 million loss

Metcash shares have rallied after the supermarket wholesaler announced a $125 million share buyback alongside an impairment-driven full-year loss of $149.5 million.

Grocery retailer announces 550 job boost for Adelaide’s north

Independent grocery retailer Drakes Supermarkets has received council planning consent to build a new $80 million distribution centre in Adelaide’s north, which it says will create up to 250 ongoing jobs.