ASX falls as energy and banks drag, Coles and Woolworths flag financial hit — as it happened

The ASX has ended in the red after Wall Street's retreat on Friday. The major supermarket chains expect to pay hundreds of ...
Australian Broadcasting Corporation

Woolworths and Coles underpayments could cost more than $1 billion and have wider fallout

Coles and Woolworths expect to spend hundreds of millions of dollars more to repay staff who were underpaid, after the Federal Court found they had failed to keep accurate employment records. Legal ...
Couriermail

‘Should not be done again’ Woolworths, Coles hit in underpayment scandal

Woolworths and Coles have warned shareholders the supermarket giants are going to be out of pocket in excess of $1 billion combined after a major scandal. The court on Friday found that Coles and ...
SBS

Woolworths and Coles say underpayment court decision could cost them $1 billion

The supermarket giants were found not to have complied with their obligations to keep accurate employment records and paid workers' salaries without tracking other entitlements. The Federal Court has ...
The Australian Financial Review

Woolworths’ $20b problem: It just can’t close the gap to Coles

It was supposed to be the day that Woolworths chief executive Amanda Bardwell announced her big fix. Instead, all investors got was more of the same. Woolworths CEO Amanda Bardwell is trying to reset ...
The Australian Financial Review

Woolworths, Coles face $1b blowout in underpaid staff costs

Gift 5 articles to anyone you choose each month when you subscribe. Retailers say a Federal Court ruling that could result in a near $1 billion one-off hit to Woolworths and Coles is likely to result ...