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Coles is continuing to see sales growth slow in the first few weeks of the current financial year as trading returns to normal levels and as lockdowns in major cities drag.
Shares on the ASX have seen their biggest drop since June as rolling coronavirus lockdowns and a slowing Chinese economy force investors to reset growth expectations.
Sydney Airport has swiftly rejected a revised takeover bid by an expanded group of infrastructure investors, saying the new offer still undervalues the company.
Financial services giant AMP has posted a 28 per cent drop in first-half net profit after weaker performances at its main wealth management and AMP Capital businesses.
Commonwealth Bank has announced a $6 billion share buyback and lifted dividends after improving economic conditions helped it post a robust rise in full-year profit.
Western Australia will consider legislating its net zero emissions target but the premier has dismissed calls to rule out new major oil and gas projects.