Woolworths flags earnings hit as global conflict drives inflationary risk
Woolworths Group has reported a 4.5% increase in third-quarter sales to $18.1 billion, but the retail giant simultaneously warned of a potential hit to its profit margins.
In a strategic bid to fortify national fuel reserves, Foreign Minister Penny Wong recently secured a diplomatic breakthrough during high-level Beijing talks - after the escalating Middle East conflict paralysed the Strait of Hormuz, plunging Australia into a precarious energy crisis.
ASX Limited has appointed Group Executive Markets and Listings Darren Yip as Interim Chief Executive Officer, effective May 29, 2026.

Woolworths Group has reported a 4.5% increase in third-quarter sales to $18.1 billion, but the retail giant simultaneously warned of a potential hit to its profit margins.

Australia's cost of living has surged to its highest level in over two years, with the consumer price index jumping 4.6% in the 12 months to March.

The White House has launched a critique of the Albanese government’s latest move to tighten Australia's news media bargaining code.
ASX-listed Woodside Energy (ASX:WDS) reported an 8% production dip due to Cyclone Narelle.
The Federal Reserve is currently facing its most significant internal upheaval in over three decades.
In a historic 8-4 vote, the central bank opted to maintain interest rates, marking the most fractured decision since 1992.
The Federal Reserve leaves interest rates unchanged in a range of 3.5% to 3.75%. But four officials voted against the decision. It's the first time since 1992 that there were four dissents. Bloomberg's Michael McKee reports.
ANZ (ASX:ANZ) entered into a binding agreement to acquire Worldline S.A.'s 51% stake in their joint venture, Worldline Australia.
Pacific Equity Partners has reportedly launched a non-binding $747 million takeover bid for oOh!media (ASX:OML).