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The Latest Breaking News from Coles

Big business in Australia faces less competition than almost anywhere else – and likes it that way

There are calls to break up the supermarkets, but divestiture powers could be more useful in other sectors of the economy

The Guardian - AU

Hefty fines, tougher code could cut grocery prices: PM

Shoppers could pay less for groceries under plans to impose heavy financial penalties on supermarkets that fail to comply with a code of conduct.

AAP

Australia’s big supermarkets could face penalties of up to $10m under proposed mandatory code

Government report stops short of recommending powers to break up big chains despite calls for forced divestiture laws

The Guardian - AU

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Cattle prices to soar but steaks shouldn't cost more

Analysts say cattle prices are set to soar over the next two years but the cost of beef in the supermarket may not break the bank.

AAP

Cash crunch talks as money mover Armaguard digs in

A consortium of banks, supermarkets and government departments have been permitted to begin discussing measures in case cash transporter Armaguard collapses.

AAP

MP invited to chip in to help GP patients

LETTERS TO THE EDITOR

Newcastle Herald

Armaguard seeks new talks after $26m deal rejected

Armaguard is still keen to negotiate a cash injection from some of the nation's biggest banks and retailers after rejecting a $26 million deal.

AAP

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Afternoon Update: Coles cuts cash withdrawals; Esther House survivors share stories; and can millennials unscrew themselves?

Potential collapse of physical money courier Armaguard sees supermarket reduce withdrawal limits

The Guardian - AU

Armaguard rejects deal, Coles resumes cash deliveries

Lindsay Fox's Linfox will pump millions of dollars into Armaguard, after concerns about the currency delivery business prompted Coles to pause cash orders.

AAP

Australian supermarket veggie chip taste test: my notes on the aroma are ‘rancid oil’ and ‘farts’

From a sulfuric-smelling vegetable product to a surprise winner, Jess Ho ponders the definition of a chip – and crunches through nine grain, corn and ‘turtle’ specimens

The Guardian - AU

Plans to break up supermarkets 'deficient': Nationals

The Nationals say breaking up supermarkets to stop price gouging is important but they have preferenced a divestiture deal with the Liberals over the Greens.

AAP

Big business accused of protecting price gouging

Big corporations have been accused of waging a "war on divestiture" to protect their ability to price gouge and profiteer.

AAP

Easter toys recalled as chook, rabbit pose choking risk

Toys from a Coles Easter plush range have been recalled after a stitching fault was found to cause a choking hazard to children.

AAP

Coles recalls Easter teddies over choking hazard

'Customers should ensure the toys are kept out of reach of children.'

Newcastle Herald

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AAP

Product price hike fears over supermarket smash-up laws

An unlikely political alliance is stirring to push new laws that punish supermarkets for price gouging but the business lobby is warning of unintended outcomes.

AAP

Rising price of instant coffee a bitter blend

The weekly shop for groceries has grown unbearable for some households with the price of certain essential goods almost doubling at major grocers.

The Canberra Times

Worker sues Coles, alleging fall near chicken stand led to hip replacement

The fall allegedly occurred at Queanbeyan Coles on 2016.

Pedestrian.tv

Coles Staff Offered Gift Cards If They Accept ‘Insulting’ Pay Offer Instead Of, Perhaps, Money

Coles staff have called a pay rise from the supermarket giant "insulting", and say the company offered in-store gift cards if they accept it.

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The Guardian - AU

Coles pay offer labelled ‘insulting’ as staff say they can’t afford to shop at own workplace

One worker says she feels ‘disrespected’ by proposed agreement, which includes in-store gift cards if staff vote to accept

AAP

Coles faces competitive pressure from online retailers

The head of one of Australia's two big supermarkets says the sector is becoming increasingly competitive and online retailers are part of the story.

Pedestrian.tv

Coles And Woolies ‘Predatory’ Practices Have Finally Been Revealed In Senate Price Inquiry

The conduct of supermarkets has been dubbed "immoral" and "despicable" by community food providers, as the senate inquiry into supermarket prices gets underway.

AAP

'Unbalanced' duopoly impacting shoppers, farmers

The major supermarkets have offered "rock bottom" prices for purchasing produce because of their influence, farmers have told a parliamentary hearing.

AAP

Piggy politicians squeal for end to greedy grocers

Strutting through parliament as swindling swines, independent MPs Bob Katter and Andrew Wilkie have called on the government to break up the major supermarkets.

The Guardian - AU

Australian supermarket pesto taste test: ‘grassy and sandy’ celebrity sauce is bottom of the list

Which jars come closest to capturing the magic of the Genovese sauce? From ‘balanced and aromatic’ to ‘bewilderingly affordable’, these are the results of the great pesto testo

AAP

Coles CEO defends making profit, says competition tough

Coles Group chief executive Leah Weckert says the supermarket chain earns less than $3 for every $100 spent in its stores, and its profit has dropped.

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