Australian grocery and liquor wholesaler Metcash maintained earnings guidance of after tax profit of almost $197 million on the back of sales revenue expected to pass the $10 billion mark for the first time. The third largest player in the grocery industry, Metcash came under scrutiny from the ACCC during the recent Grocery Price Inquiry, but Chief Executive Andrew Reitzer was content with the outcome. Pleased with the “creeping acquisitions” proposals and “workably competitive”... ...Read more »

The Supreme Court has approved Mackay Regional Council’s decision to oppose the development of a Woolworths supermarket earmarked for a site opposite Northern Beaches Shopping Centre. Councillor Di Hatfield, who handles Council’s Planning and Development portfolio, claims this decision vindicated the Council’s planning scheme. “The appeal judges in their decision have reinforced co-ordinated growth within the appropriate land zones and defence of the orderly development... ...Read more »