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News Wire / economy

Woolworths Freezes Prices On 300 Staple Products

ABC NewsRadio AU Sydney 13d13d Impact 5
Woolworths share prices fell by approximately 8 percent following a third quarter trading update. The slump occurred amid broader market movements including a 14.5 percent surge in Brent Crude prices over a 24-hour period. Energy stocks saw gains during the same period.

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Woolworths stock market trading update

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Sources · 7 independent

ABC NewsRadio AU

“Woolworths was in the spotlight today Laura. Now its share price slumped by around 8% after its third quarter trading update flagging.”

ABC NewsRadio AU

“price slumped by around 8% after its third quarter trading update flagging.”

ABC NewsRadio AU

“price slumped by around 8% after its third quarter trading update flagging. and its teams at a time when cost of living pressures are already acute.”

2GB Sydney

“The fact that they're having to re-release and revise their profit”

ABC NewsRadio AU

“expectations, posting a jump of 4.5% to $18.1 billion. The supermarket giant says its prices remained stable during the quarter but acknowledges strong inflationary pressures on the business.”

ABC NewsRadio AU

“Woolworth says it will be freezing prices on 300 staple products from three months to tomorrow.”

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