Woolworths Faces Court Over Allegations of Misleading Discounts
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Our reporter Jasper Wells is covering the story.
The ACCC's Michael Hodge KC said there's a risk of over-lawyering.
The case against Coles in February is similar.
Justice O'Bryan questioned whether the ACCC made out its case.
Consumers are not thinking like lawyers, Hodge said.
The case is diving into technicalities.
Woolworths came up in the Coles case.
At one point, Coles questioned whether to call the ACCC.
The irony is notable.
Key event: The ACCC is taking on Woolworths.
Our reporter Gareth Hutchens is covering the story.
The ANZ-Roy Morgan consumer confidence survey was broadly unchanged.
The series is at its fourth-lowest level since records began.
The weekly survey is based on 1,013 interviews.
The slight decline in confidence was driven by weaker economic confidence.
The unemployment rate is holding at 4.3%.
Consumer spending is likely to slow.
Weekly inflation expectations rose to 7.1%.
The RBA Deputy Governor noted that inflation is too high.
We expect the RBA to increase the cash rate by 25bp in May.
Our reporter Michael Janda is covering the story.
The Centre for Independent Studies has announced the winner of its 'Heritage Howlers' awards.
The chief economist Dr Peter Tulip has been at the vanguard of Australia's YIMBY movement.
One of the YIMBY bugbears is heritage protections.
The first place went to a multi-story carpark in Carlton.
The carpark is an example of a structure deemed unworthy of preserving.
The second place went to a variety of substations.
The third place went to the MLC Building in North Sydney.
The MLC building is an example of corporate modernism.
The building is still about to receive a dramatic makeover.
The Dee Why Civic Centre is among the honourable mentions.
The West Gate Service Station's inclusion on the list speaks for itself.
Our reporter is keen to hear your thoughts on the award winners.
If you want to understand more about the Atlas Network, read this piece.
Our reporter Gareth Hutchens is covering the story.
Our ABC colleague Ahmed Yussuf has an informative article about Australians' use of cash.
Have you found yourself using cash more in recent years?
Key event: The ACCC is taking on Woolworths.
Our reporter Jasper Wells is covering the story.
The ACCC is trying to get ahead of Woolworths' defence.
The ACCC's Michael Hodge KC argued that the price increase was not driven entirely by inflation.
In the case against Coles, Coles argued that inflation and surging supplier prices gave them no choice.
Hodge acknowledged that rising input prices could push up shelf prices.
Using a family pack of Oreos as an example, Hodge outlined how both the net cost price and the gross profit increased.
The specific prices and margins are confidential.
The pack of Oreos is one of 12 products that will be the focus of the trial.
Our reporter Adelaide Miller is covering the story.
The Aussie share market has been making its way downhill.
Here is a look at the market.
Our reporter Gareth Hutchens will take over the blog.
See you next time!
Our reporter Adelaide Miller is covering the story.
John Ternus will become the new CEO of Apple from September.
Analysts at Wedbush say this was a sudden move.
Apple is making a major transition on its AI strategy.
There will be a lot of pressure on Ternus to produce success.
The analysts say investors will have questions around what this change means.
Key event: Apple has announced a change in leadership.
Our reporter Adelaide Miller is covering the story.
New Zealand's consumer price index increased 3.1% in the 12 months to the March 2026 quarter.
In the March quarter alone, CPI increased 0.9%.
The Reserve Bank of New Zealand's target band for the annual inflation rate is 1 to 3%.
The largest upwards contributor to the annual inflation rate was electricity.
Higher electricity prices accounted for more than a tenth of the 3.1% annual increase.
This was the third quarter in a row that electricity was the largest upwards contributor.
Here is a look at each of the major sectors:
Our reporter Stephanie Chalmers is covering the story.
There's quite a bit of back and forth between Justice O'Bryan and ACCC counsel Michael Hodge KC.
The ACCC had been outlining the difference between the supermarkets' yellow tickets and 'price dropped' tickets.
The Justice and Hodge seem to be disagreeing on some of the key points of the ACCC's submission.
Key event: The ACCC is taking on Woolworths.
Our reporter Jasper Wells is covering the story.
Jasper Wells is reporting from the Federal Court of Australia in Sydney.
ACCC lead counsel Michael Hodge KC has been describing the visual language that Woolworths customers rely on.
Hodge kicked off by saying customers had become familiar with the visual language of the three different ticketing types.
Key event: The ACCC is taking on Woolworths.
Our reporter Adelaide Miller is covering the story.
The Aussie share market has begun the trading day up +0.1% to 8,958 points.
In the first 25 minutes of trading, there's been a fair bit of movement.
Of the major sectors, Industrials is up the top, while Energy is down the bottom.
Of the major stocks, 75 are in the red, 12 are unchanged, and 113 are gaining.
Here are the top movers:
And here are the bottom movers:
The Aussie dollar is trading at nearly 72 US cents.
Key event: The market is open.
Our reporter Adelaide Miller is covering the story.
Prices are current as of 10:20am AEST.
Key event: The market is open.
Our reporter Stephanie Chalmers is covering the story.
Court is in session in the Federal Court in Sydney.
We're kicking off with the ACCC's side of things, delivered by Michael Hodge KC.
He's kicking off with a review of Woolworths' ticket colour-coding system for discounts.
Yellow tickets are sold as temporary discounts.
Key event: The ACCC is taking on Woolworths.
Our reporter Stephanie Chalmers is covering the story.
We'll be bringing you the latest from the Federal Court in Sydney.
Supermarket giant Woolworths has its turn under the microscope.
We'll have live coverage on the blog from 10:15am AEST.
You can catch up on the background from national consumer affairs reporter Michael Atkin:
Key event: The ACCC is taking on Woolworths.
Our reporter Adelaide Miller is covering the story.
The ASX 200 has opened up +0.3% to 8,975 points.
More to come.
Key event: The market is open.
Our reporter Adelaide Miller is covering the story.
Maurice Blackburn Lawyers is investigating a potential shareholder class action against James Hardie Industries.
James Hardie shares fell more than 34% over two trading days.
The law firm is investigating whether James Hardie engaged in misleading or deceptive conduct.
Leading up to the results, James Hardie issued FY26 guidance forecasting organic sales and EBITDA growth.
But then on the 20 August 2025, the company released Q1 FY26 results:
James Hardie attributed the weaker performance to:
Maurice Blackburn Principal Steven Foale said the investigation aims to determine whether shareholders were denied information.
Shareholders are entitled to rely on accurate and timely information.
When a company fails to disclose material matters, the resulting market correction can cause substantial losses.
Class actions play an important role in promoting market integrity.
Key event: James Hardie is under investigation.
Our reporter Stephanie Chalmers is covering the story.
Rio Tinto lifted iron ore sales and production in the first quarter of the year.
The mining giant also gave an update on the impact of the Iran war.
The company said the direct impacts on its operations have been limited.
Rio said it consumes around 1.6 billion litres of diesel annually.
Despite higher diesel prices, the company's cost position is resilient.
More broadly, it said it had relatively limited visibility about how the conflict will affect supply chains.
We continue to monitor the evolving global impact closely.
Production, sales and cost guidance were unchanged.
In the first quarter, global iron ore production rose 12%.
Iron ore sales globally and from the Pilbara increased 2%.
Copper production rose 9% compared to the same time a year ago.
Key event: Rio Tinto has released its quarterly results.
Our reporter Adelaide Miller is covering the story.
Amazon says Anthropic will spend more than $US100 billion over the next 10 years on its cloud technologies.
Amazon will also invest $US5 billion in Anthropic now, and an additional $US20 billion in the future.
This is in addition to the $US8 billion Amazon has previously invested in the company.
Anthropic is aiming to pull ahead in the AI race.
Amazon shares rose about +2.5% in extended trading.
Key event: Amazon has invested in Anthropic.
Our reporter Adelaide Miller is covering the story.
Australian small and medium-sized enterprises that are investing in artificial intelligence are growing 2.8 times faster.
That's according to new analysis from MYOB.
The modelling shows a clear edge in performance for the 40% of small-to-medium sized businesses currently adopting AI.
Here are some other key findings:
CEO of MYOB, Paul Robson, says the results point to a widening AI divide.
AI is the most powerful productivity lever the SME economy has experienced in years.
Those adopting early are pulling ahead, and even modest uptake could unlock billions in additional revenue.
MYOB sees AI transforming every employee's impact, shifting from a ‘nice to have’ to a business-critical investment.
MYOB has welcomed the federal government’s $17 million AI Adopt Program as a step towards lifting capability.
The AI Adopt Program is part of a suite of measures outlined in the government’s National AI Plan.
Pinned: The ACCC is taking on Woolworths.
Key event: The ACCC is taking on Woolworths.
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Key event: The ACCC is taking on Woolworths.
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Key event: The ACCC is taking on Woolworths.
Key event: The ACCC is taking on Woolworths.
Key event: The ACCC is taking on Woolworths.
Key event: The ACCC is taking on Woolworths.
Key event: The ACCC is taking on Woolworths.
Key event: The ACCC is taking on Woolworths.
Key event: The ACCC is taking on Woolworths.
Key event: The ACCC is taking on Woolworths.
Key event: The ACCC is taking on Woolworths.
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