Australian grocer Woolworths expects fiscal first-half earnings in its key Australian food division to be below previous expectations, as customers continue to be price conscious when facing cost of living pressures.
Related Posts
Basic Materials Roundup: Market Talk
Read about Anglo American, Clariant, Indonesia’s coal mining sector, and more in the latest Market Talks covering basic materials.
BMW’s Key Auto Unit Held Back by China Struggles
BMW’s auto unit reported slightly lower-than-forecast profitability in the second quarter as revenue was weighed by heightened competition and weaker consumer sentiment in China.
BlackRock, Global Infrastructure Partners, Microsoft, MGX Launch AI Partnership
The partnership, called the Global AI Infrastructure Investment Partnership, will additionally build out energy infrastructure to create power sources for the facilities, the companies said.