Masters pain far from over for Woolworths and its investors
Who wants to buy a large format business that loses a fortune?
Stock Ticker
- AGL AGL ENERGY LIMITED. -1.53%
- AIO ASCIANO LIMITED -1.06%
- AMC AMCOR LIMITED 0.95%
- AMP AMP LIMITED -1.14%
- ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED -1.48%
- APA APA GROUP -1.10%
- ASX ASX LIMITED -0.99%
- AZJ AURIZON HOLDINGS LIMITED -1.55%
- BHP BHP BILLITON LIMITED -2.72%
- BXB BRAMBLES LIMITED -0.47%
- CBA COMMONWEALTH BANK OF AUSTRALIA. -0.53%
- CCL COCA-COLA AMATIL LIMITED -0.73%
- CPU COMPUTERSHARE LIMITED. -2.74%
- CSL CSL LIMITED -0.55%
- CTX CALTEX AUSTRALIA LIMITED 0.75%
- CWN CROWN RESORTS LIMITED -0.69%
- DXS DEXUS PROPERTY GROUP 0.14%
- GMG GOODMAN GROUP 0.08%
- GPT GPT GROUP 0.22%
- IAG INSURANCE AUSTRALIA GROUP LIMITED -2.07%
- IPL INCITEC PIVOT LIMITED -0.15%
- JHX JAMES HARDIE INDUSTRIES PLC -2.66%
- LLC LENDLEASE GROUP -0.61%
- MGR MIRVAC GROUP -0.43%
- MPL MEDIBANK PRIVATE LIMITED -0.46%
- MQG MACQUARIE GROUP LIMITED -1.16%
- NAB NATIONAL AUSTRALIA BANK LIMITED -0.98%
- NCM NEWCREST MINING LIMITED 0.78%
- ORG ORIGIN ENERGY LIMITED -5.68%
- ORI ORICA LIMITED -0.93%
- OSH OIL SEARCH LIMITED -4.58%
- QBE QBE INSURANCE GROUP LIMITED -1.86%
- RHC RAMSAY HEALTH CARE LIMITED -2.44%
- RIO RIO TINTO LIMITED -2.22%
- S32 SOUTH32 LIMITED -1.96%
- SCG SCENTRE GROUP -0.97%
- SEK SEEK LIMITED -1.89%
- SGP STOCKLAND -0.25%
- SHL SONIC HEALTHCARE LIMITED -2.77%
- STO SANTOS LIMITED -7.67%
- SUN SUNCORP GROUP LIMITED -1.22%
- SYD SYDNEY AIRPORT 0.84%
- TCL TRANSURBAN GROUP -0.69%
- TLS TELSTRA CORPORATION LIMITED. 0.66%
- VCX VICINITY CENTRES -0.53%
- WBC WESTPAC BANKING CORPORATION -1.06%
- WES WESFARMERS LIMITED 2.29%
- WFD WESTFIELD CORPORATION -0.05%
- WOW WOOLWORTHS LIMITED 4.85%
- WPL WOODSIDE PETROLEUM LIMITED -2.00%
Key Stories
Markets Live: The bear beckons
Live
Aussie shares bounce off their early low, as Woolies jumps after dumping hardware venture.
Wesfarmers buys Homebase for $705m
Bunnings owner Wesfarmers expects to complete the $705 million acquisition of UK home improvement chain Homebase in the first quarter of 2016.
$A hits 2009 low, could fall further
The Australian dollar fell to near seven-year lows, and risks falling further with key economic data from China this week.
'We can't help you': Harvey Norman fined
A Harvey Norman franchisee has been fined $52,000 for telling customers with new but problem-plagued computers that it couldn't help them.
62 people as wealthy as half the world
Just 62 individuals own the same amount as half the world's population - and the system is "rigged" in their favour.
Brokers tip ASX will finish 2016 on the up
Most stock broking strategists believe the ASX will have a healthy 2016 despite a 391-point dive on Wall Street Friday night that sent shudders around the world.
- Mining and Resources Tinkler offers $15k to settle $50m debt
- Banking and Finance 'Unacceptable': ANZ chief bans strip clubs
- World business India's implementation gap narrowing
- Business Tabcorp rejected Ladbrokes approach
- Banking and Finance NAB 'unquestionably strong': Ken Henry
Market Indices
Last updated: January 18, 2016 - 12:59PM
Last updated: January 18, 2016 - 12:59PM
Last updated: January 18, 2016 - 12:59PM
Last updated: January 18, 2016 - 12:59PM
Airbnb could reap rewards from Stayz rebellion
Landlords outraged as fees on major short-stay site increase by 600 per cent or more.
In Depth
China the new Silicon Valley: Uber
Watch out, Silicon Valley. China's out to eat your lunch.
ANZ women had little choice
There is plenty to smirk at in the salacious ANZ allegations,, but there is one claim that should wipe the smile off our faces.
We can't forget Iran's rights record
Despite its political corruption and human rights abuses, there are reasons to be positive about a more economically prosperous Iran.
Workplace
The last hurrah for broker benders
Like the way of the corner office, 5am party binges are nearing their expiry date.
Striking public servants clip RAAF's wings
Public service tech staff walk off job at airfields.
Markets
What the media is still getting wrong about China's stockmarket
China remains the biggest story in world financial markets, but the media is still getting a key element of this story wrong.
need2know: ASX to extend slide
Local shares are poised to extend their year-to-date losses as commodity prices have yet to find a floor.
$A plunges, global stocks routed
Australian assets were dragged sharply lower overnight as a rout in global markets accelerated. In New York, the Dow shed almost 400 points.
- Mining stocks hammered as base metals sink
- US economy cracks amid global slowdown
- Goldman tips return to oil bull market
- European stocks enter bear market
- Oil plumbs new low as Iran seen deepening global glut
- Citigroup tumbles as analysts query revenues
- Worse than the average bear market
- ASX falls to mid-2013 low
Markets Live: No relief for ASX
Search Quotes & Charts
The Economy
Australia must 'get in early' on India
Central banker of the world's fastest growing economy says it's time to get moving.
Brighter ACT economy: report
Canberra's economy has shown some signs of improvement, with a recovery in job gains and the pace of outflow of people to other States looking to be easing. But the Federal Budget is now even deeper in the red, and that means risks remain for the ACT's longer-term outlook.
Retail
Canberra's Masters at Majura Park future uncertain after Woolworths announcement
Store's future will remain uncertain for at least two months while the chain store's owners Woolworths seek to sell.
Woolworths to pull plug on Masters
Woolworths plans to pull the plug on its loss-making home improvement business Masters after buying out joint venture partner Lowe's Companies Inc for an as-yet undisclosed price.
Banking & Finance
Industry super stays quiet on Bernie Fraser's governance review
The superannuation fund lobby has indicated it may shy away from full disclosure on any findings or recommendations from former Reserve Bank governor Bernie Fraser's review of governance in the sector.
Eclipx sits in the shade of funding rule concerns
All five analysts covering Eclipx rate the stock a buy at present values, which are down more than 16 per cent from its high of $3.60 reached in early November.
Mining & Resources
Clive Palmer's Queensland Nickel in voluntary administration
Clive Palmer's Queensland Nickel has gone into voluntary administration amid controversy over donations made to his political party before a mass sacking of workers.
Palmer defends donations despite mass sackings
Clive Palmer has defended channelling millions of dollars in donations from his Queensland Nickel company, saying workers at the venture were "the heroes" despite it announcing 237 job losses on Friday.
World Business
Australia must 'get in early' on India
Central banker of the world's fastest growing economy says it's time to get moving.
Doing business with Iran shouldn't involve dismissal of human rights
Despite its political corruption and human rights abuses, there are reasons to be positive about a more economically prosperous Iran.
China
China to lead way in innovation: Uber chief
Watch out, Silicon Valley. China's out to eat your lunch.
China stocks head for third week of losses
Chinese stocks headed for a third week of losses amid lingering concern about the government's ability to manage the economic slowdown and yuan devaluation.
Featured advertisers
Property Focus
Mike Baird's $3 billion sell-off of public buildings
The NSW government is selling off some of Sydney's most iconic buildings.
No more beer and schnitzel in suburban pub war
Prompted by changing tastes and lockout laws, glammed-up pubs are heading further out into Sydney's suburbs.
Pub sector intoxicated with sales
Investors have poured more than $500 million into the pub sector, making it one of the busiest areas in the real estate sector.
City Tattersalls votes for $200m redevelopment
Scentre strikes $2.85m deal with Booodl start up
Shopping is not everyone's most enjoyable way to spend a day, particularly wandering around a mall trying to locate the stores selling the items on your list.
Executive Style
How much sleep do you really need?
Can you survive on a few hours a night, or are you still yawning after 10?
Money
Why 2016 is all about picking winners
After the worst start to the sharemarket year in living memory the obvious subject is whether we are about to see some sort of calamitous collapse.
Top 10 money mistakes of middle-aged
Here are the 10 biggest money mistakes to avoid in your 40s and 50s.
Small Business
Entrepreneurs living the island dream
Living the dream. How these entrepreneurs run multi-million dollar businesses part of the year from Bali and part of the year from Australia.
Beating the Monday morning blues
If you dread Monday mornings here are some simple (and extreme) solutions to help cure the blues.
Business Video
Iran's economy expected to grow
With the lifting of sanctions, Iran becomes the biggest economy to rejoin the global trading system since the collapse of the Soviet Union.
- Duration
- 01:23
-
- Duration
- 01:54
-
- Duration
- 01:28
-
- Duration
- 01:38
-
- Duration
- 01:05
-
- Duration
- 01:48
-
- Duration
- 00:55
Comment & Analysis
India's implementation gap narrowing
Contains:
Trade with Iran shouldn't ignore human rights
Contains:
What does Turnbull really believe in?
Contains:
total comments68