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The Latest Breaking News from Brad Banducci

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Crikey

‘Neutralising’ Coles: what we learned from Woolworths at the ACCC supermarket hearing

Government-ordered inquiry into the sector turned its attention to Australia’s biggest supermarket on Monday

The Guardian - AU

Supermarkets inquiry: forcibly break up major retailers in cases of anti-competitive behaviour, report says

Senate committee examined how major chains including Coles and Woolworths have set prices during Australia’s cost of living crisis

The Guardian - AU

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Woolworths CEO announces worse-than-expected financial results for March quarter

Brad Banducci says period was ‘challenging’ in first public comments since fiery Senate inquiry hearing as share prices slip

The Guardian - AU

Woolies CEO says customers struggling to make ends meet

Customer shopping patterns have shifted since the start of the year as rents rise and Australians seek savings, Woolworths chief executive Brad Banducci says.

AAP

Seven to investigate Bondi blunder

Seven is investigating its misnaming of the Bondi Junction killer, the latest Newspoll results, and Brittany Higgins’ apology isn’t enough for Linda Reynolds.

Crikey

CEOs can cry slim margins but the supermarket probe reveals gaping problems in our duopoly

What is an acceptable profit on the products people need to survive?

Crikey

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Meta and X ordered to remove church stabbing content – as it happened

This blog is now closed

The Guardian - AU

Jail threat, apologies as supermarket chiefs face probe

The head of Woolworths was threatened with jail time while the Coles CEO apologised to suppliers during a parliamentary inquiry into supermarket prices.

AAP

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

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.

AAP

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

The Guardian - AU

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.

Crikey

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.

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Crikey

Culture warriors line up to take credit for Brad Banducci’s self-checkout

Forget Four Corners — according to parts of the media and certain politicians, a certain exhausted word was responsible for Brad Banducci’s exit.

The Guardian - AU

Afternoon Update: Woolworths shares plunge; NZ MP dies after charity run; and AstraZeneca boss’s $33m paycheque

Supermarket giant’s CEO resigns unexpectedly amid increasing political pressure over record profits during cost-of-living crisis

AAP

Woolworths shares plunge as CEO Banducci plans exit

Woolworths shares were down more than seven per cent by midafternoon, on track for their worst single-day losses since late 2021.

AAP

Woolies CEO to step down as cost-of-living weighs heavy

Politicians have lambasted Woolworths CEO Brad Banducci for his company's role in the cost-of-living crisis after he announced his resignation.

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Crikey

Banducci has resigned after an ‘on the record’ bungle. But what does the phrase really mean?

It’s a term everyone has heard but few truly understand, and it can lead to awkward interactions with journalists and the media.

AAP

Woolies CEO quits as pressure and grocery prices rise

Woolworths chief executive Brad Banducci will resign by September after facing increased scrutiny over the pricing and a lack of supermarket competition.

Crikey

Assange has ‘proof’ of CIA assassination plot

Julian Assange’s lawyers say they have proof there was a CIA plot to assassinate him, Moira Deeming’s defamation war chest swells with donations, and Peter Dutton was (obviously) wrong about Labor’s border force budget.

Crikey

Aussie companies lack climate plan

The biggest emitters among Australian companies have no clear plan to stop supporting fossil fuels, and a NSW police officer has been charged with killing an Indigenous teenager.

Crikey

Why won’t Woolies’ shareholders defend it against Dutton’s culture war?

Many corporations in the big end of town own huge swaths of Woolworths, but instead of loud and proud support it got crickets.

Crikey

Dutton’s not done kicking Woolies despite spike in staff abuse as ACCC probe looms

After finding itself in a culture war over Australia Day merchandise, the supermarket giant now faces a price-gouging investigation.

AAP

Woolworths CEO defends Australia Day merchandise choice

Woolworths chief executive Brad Banducci has backed the supermarket's choice not to stock Australia Day merchandise as staff report more and more abuse.

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