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Caltex releases half-year 2019 results

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Caltex (ASX:CTX) today announces its financial results for the six months ending 30 June 2019. Here are some of the key points: Replacement cost of sales operating profit (RCOP) NPAT of $135 million,...

Caltex Australia starts own accelerator program

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Caltex Australia is launching its own start-up accelerator program in hope of disrupting and challenging its current business model. The Caltex Spark program will provide start-ups and entrepreneurs with...

Caltex partners with Mexican fast food chain in Australia

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Mexican fast food chain, Guzman y Gomez, will be opening the first of its drive-thru stores in 2017, with some located at Caltex petrol stations. Guzman y Gomez, says the drive-thrus come out of customer...

Caltex confirms offer to acquire Woolworths Petrol business

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Caltex Australia has confirmed it has made a conditional and confidential offer to acquire Woolworths’ fuel businesses and to continue the alliance between the two companies. Woolworths has spent the...

Woolworths petrol stations could be the start of something big

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Speculation has arisen that Woolworths plans to sells its petrol station businesses. According to the Australian Financial Review, financial consultants, Morgan Stanley, have been investigating the sale...

Bounce Bites now available in Woolworths

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Bounce Bite snacks are now available in Woolworths supermarkets across Australia. The snacks come in three varieties, Blueberry Banana Bliss, Coconut Almond Kiss and Coconut Cacao Delight. All of the bites...

Concerns about trends in Woolworths results

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Concerns about trends in Woolworths results Australian supermarket giant Woolworths has announced a drop in Net Profit After Tax of 3.1 per cent, to $1,280.4 million, for the half year ended 4 January...

Prediction that electric vehicles are a ‘slow-burning threat’ to supermarkets’ fuel business, IBISWorld

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Electric vehicles a slow-burning threat to supermarkets’ fuel business, IBISWorld The increase in the availability of electric vehicles has the potential to disrupt the fuel retail operations of supermarket...

Caltex and Woolworths change petrol alliance

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Caltex and Woolworths change petrol alliance Petrol retailer Caltex and supermarket giant Woolworths have announced changes to elements of their retail alliance. At the end of financial year 2014, the...

ACCC takes action against petrol retailers and Informed Sources for sharing price information

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ACCC takes action against petrol retailers and Informed Sources for sharing price information The Australian Competition and Consumer Commission (ACCC) has instituted proceedings in the Federal Court of...