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The Latest Breaking News from Woolworths

Which do you want, corporate profits or competition? Think carefully

We need divestiture powers to curb corporate abuses like price gouging — but remember that super funds own a large chunk of these companies.

Crikey

Australian supermarket veggie chip taste test: my notes on the aroma are ‘rancid oil’ and ‘farts’

From a sulfuric-smelling vegetable product to a surprise winner, Jess Ho ponders the definition of a chip – and crunches through nine grain, corn and ‘turtle’ specimens

The Guardian - AU

Plans to break up supermarkets 'deficient': Nationals

The Nationals say breaking up supermarkets to stop price gouging is important but they have preferenced a divestiture deal with the Liberals over the Greens.

AAP

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Woolworths' plan for bigger supermarket in ACT suburb splits opinion

The supermarket wants to expand across an open-air carpark.

The Canberra Times

Big business accused of protecting price gouging

Big corporations have been accused of waging a "war on divestiture" to protect their ability to price gouge and profiteer.

AAP

What’ll happen when Facebook stops paying for news? Here’s what happened when radio stopped paying for music

The news media bargaining code allows the government to force Meta to pay, but only if it continues to link to news. It’s given every indication it won’t.

Crikey

Delay in court case for man accused of vandalising Woolworths over Australia Day stance

Six-week adjournment granted for Travis Profke, 40, who is accused of spray-painting graffiti on Queensland Woolworths store

The Guardian - AU

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Product price hike fears over supermarket smash-up laws

An unlikely political alliance is stirring to push new laws that punish supermarkets for price gouging but the business lobby is warning of unintended outcomes.

AAP

Rising price of instant coffee a bitter blend

The weekly shop for groceries has grown unbearable for some households with the price of certain essential goods almost doubling at major grocers.

AAP

Australian supermarket yoghurt taste test: ‘Greek is almost always superior to plain’

From the ‘refined and unradical’ to ‘mild, emotionless’ mouthfuls, Nicholas Jordan samples 17 unsweetened, unflavoured yoghurts – and experiences culture shock.

The Guardian - AU

'Unbalanced' duopoly impacting shoppers, farmers

The major supermarkets have offered "rock bottom" prices for purchasing produce because of their influence, farmers have told a parliamentary hearing.

AAP

At Sydney’s fruit and veg market, buying in bulk costs barely 30% of supermarket prices

Consumers who get up early and get organised can buy a box of produce for $20 that would have cost $66 at Woolworths

The Guardian - AU

Aldi has stopped growing, right when we need it most

In a time of supermarket price gouging, Australia needs alternative supermarket chains to help keep product costs competitive.

Crikey

Assange doomed by the weakness of a government behold to US interest

Crikey readers weigh in on the plight of Julian Assange, the implosion of Woolworths CEO Brad Banducci, and Qantas’ price gouging.

Crikey

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The Guardian - AU

Afternoon Update: Labor pushes to outlaw vapes by 1 July; inflation flat at 3.4%; and asbestos crisis spreads to Queensland

Jesse Baird and Luke Davies’s bodies sent for postmortem as NSW police continue search for evidence

AAP

Piggy politicians squeal for end to greedy grocers

Strutting through parliament as swindling swines, independent MPs Bob Katter and Andrew Wilkie have called on the government to break up the major supermarkets.

The Guardian - AU

Australian supermarket pesto taste test: ‘grassy and sandy’ celebrity sauce is bottom of the list

Which jars come closest to capturing the magic of the Genovese sauce? From ‘balanced and aromatic’ to ‘bewilderingly affordable’, these are the results of the great pesto testo

Crikey

Crikey reader reply: A supermarket owner on how the duopoly dictates prices

There’s often a disparity between what the consumer pays and the wholesale cost of a product — and it dictates prices at stores like mine.

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AAP

Coles CEO defends making profit, says competition tough

Coles Group chief executive Leah Weckert says the supermarket chain earns less than $3 for every $100 spent in its stores, and its profit has dropped.

Newcastle Herald

Here's why there's certain fizzy drinks missing from supermarket shelves

Why Kooragang Island is at the epicentre of the issue.

Newcastle Herald

The bulk billing rebate needs some urgent attention

'My GP and specialist visits are more than monthly'

The Guardian - AU

Facing facts: ABC pulls the plug on RMIT factchecking collaboration

Decision to switch to in-house verification unit comes after broadcaster caught up in voice referendum culture war between university and Sky News. Plus: hubbub over Hubbl as News Corp launches streaming device

Crikey

As Banducci checks out of Woolworths, another woman is tasked with saving a sinking ship

Amanda Bardwell replaces the humiliated Woolworths CEO at a time of public scrutiny, price gouging claims and a falling share price. It’s a familiar example of pushing someone off the glass cliff.

Pedestrian.tv

Woolworths’ Outgoing CEO Will Receive A Payout Of Up To $24 Million Just For Retiring

Woolworths' outgoing CEO Brad Banducci could receive up to $24 million as his "golden handshake" for retiring as CEO.

The Guardian - AU

Afternoon Update: PM says Coalition ‘just wrong’ on visas; ex-Ten presenter and partner missing; and can you remember these ‘best picture’ films?

Albanese says visa checks for Palestinians ‘exactly the same as what was in place’ under Coalition

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