Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - AU
The Guardian - AU
National
Antoun Issa

Afternoon Update: Woolworths shares plunge; NZ MP dies after charity run; and AstraZeneca boss’s $33m paycheque

AstraZeneca Woolworths Brad Banducci Efeso Collins Pascal Soriot Imran Khan Jair Bolsonaro Stewart Lee AFL Qantas
Brad Banducci
Woolworths CEO Brad Banducci has announced his resignation. Photograph: Dan Himbrechts/AAP

Good afternoon. The Woolworths CEO, Brad Banducci, has resigned unexpectedly as political pressure mounts over the company’s expanding profits at the same time as shoppers grapple with fast-rising grocery prices. The company’s shares were on track for their worst losses in years.

Banducci stood down on the same day the company released its half-year profit to December 2023, which increased to $929m.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Blink-182's Travis Barker Shares Candid Hospital Bed Photo With Kourtney Kardashian
Blink-182 drummer Travis Barker shared photos from a recent hospital visit featuring wife Kourtney Kardashian Barker and daughter Alabama, without disclosing details of his treatment
International Business Times UK
International Business Times UK
The 'World's Oldest' Bartender's Very Illegal Basement Bar
A recent profile of 103-year-old Irv Koch's basement bar highlights all the ways that modern zoning codes crush novel and fun third places.
Reason
Reason
Harry Potter and Cursed Child director pushed back on making play shorter: ‘I was dragged kicking and screaming’
Play, which originally opened in 2016 as two parts, has been condensed into one production
The Independent UK
The Independent UK
Smokers have a lower risk of Parkinson’s – we may have found out why
Smoking is one of the biggest causes of ill health and early death. Yet smokers seem to have a lower risk of developing Parkinson’s disease than non-smokers – by around half according to some studies.
The Conversation
The Conversation
NY Woman finds stolen Tamayo painting in trash; Sotheby’s sells it for $1.049 million
In 2003, Elizabeth Gibson found a brightly coloured painting in the rubbish on Manhattan’s Upper West Side. She later discovered it was Rufino Tamayo’s 1970 work “Tres Personajes”, stolen from a Houston couple in 1987. Sotheby’s planned to auction it for up to $1 million.
The Times of India
The Times of India
Jaden Newman Leaked Video Controversy: Viral Post Claims LaMelo Ball Paid Her $250K for One Encounter
A viral post claimed LaMelo Ball paid Jaden Newman $250,000 after seeing a private video, but no reliable evidence supports the alleged payment, encounter or quote.
International Business Times UK
International Business Times UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play