Woolworths (ASX:WOW) defers spin-off of Endeavour drinks

24Mar

Woolworths (ASX:WOW) defers spin-off of Endeavour drinks

 

Woolworths (ASX:WOW) has deferred the separation of Endeavour drinks spin-off until 2021.

CEO Brad Banducci has closed the group's hotels business in line with federal government directives to shutdown non-essential business.

In recent weeks, sales growth across the Group’s retail businesses has been strong (with the recent exception of Hotels).

They are not able to provide a 2019-20 Covid-19 impact estimate at this time.

Shares in Woolworths (ASX:WOW) are trading 0.93 per cent lower at $36.11. 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

24Jun

Freedom Foods Group (ASX:FNP) see management changes

24 Jun 2020 - Freedom Foods Group (ASX:FNP) today announced that the Managing Director and CEO, Rory Macleod, is on leave pending a further announcement that is expected to be made early next week.

Read More
30Aug

Collection House see consolidated NPAT up 18%

30 Aug 2019 - Receivables manager Collection House (ASX:CLH) reported today showing consolidated net profit after tax was up 18 per cent to $30.7 million.

Read More
16Dec

Beach (ASX:BPT) provides Beharra Springs Deep update

16 Dec 2019 - Beach Energy Limited (ASX:BPT) has completed flow testing at the Beharra Springs Deep-1 gas discovery in licence L11 in the Perth Basin.

Read More
21Nov

APN Industria REIT (ASX:ADI) to buy Victorian car dealership

21 Nov 2019 - APN Industria REIT (ASX:ADI) has entered into a heads of agreement to acquire a Ford and Volkswagen service and sales dealership in Epping Victoria for $28.8 million.

Read More
28Jul

Westpac (ASX:WBC) appoints new COO

28 Jul 2020 - Westpac (ASX:WBC) appoints Scott Collary as its new COO, its Group Executive Gary Thursby is set to depart, and announces a new Group Operating Office.

Read More
11Sep

ACCC will not oppose AIRR rural deal with Elders

12 Sep 2019 - The ACCC will not oppose the proposed acquisition of rural wholesale buying group Australian Independent Rural Retailers by Elders (ASX:ELD).

Read More
14Aug

Fletcher Building (ASX:FBU) appoints Nick Traber as Chief Executive

14 Aug 2020 - Fletcher Building (ASX:FBU) today announced the appointment of Nick Traber as Chief Executive of its Concrete division.

Read More
26Nov

Gentrack Group Limited (ASX:GTK) report EBITDA down 51%

26 Nov 2020 - Gentrack Group Limited (ASX:GTK) report results for the year show underlying EBITDA of $12.1 million, down 51 per cent on FY19, off the back of lower FY20 revenues coming in at $100.5 million, a 10 per cent decrease on FY19.

Read More
19Nov

Mayne Pharma (ASX:MYX) to extend range of dermatology products with licensing of $US40m drug

19 Nov 2019 - Mayne Pharma (ASX:MYX) will extend its range of dermatology products through the licensing of a generic topical dermatology product from Encube Ethicals which is a leading developer and manufacturer of topical formulations to distribute in the United States.

Read More
11Jan

Stocks of the Hour: Inghams, PolyNovo, Liontown Resources

11 Jan 2022 - A snapshot of the stocks on the move featuring Inghams (ASX:ING), PolyNovo (ASX:PNV), and Liontown Resources (ASX:LTR).

Read More