The Latest Breaking News from Metcash

Supermarket giant Coles rejects punishing fresh produce suppliers who disagree on pricing, as the company is grilled at an inquiry into the sector.

Woolworths has cast itself as being in competition with cake shops and newsagents, while also showing the might of its construction arm.

Challenging conditions will remain ahead of Christmas as consumers tighten their belts, IGA supplier Metcash has told shareholders.

Suppliers of food and other products have been complaining for years about their treatment at the hands of Woolworths, Coles and Australia’s other big supermarket chains, although rarely to the supermarkets themselves – perhaps, as suggested in a recent Four Corners program, because they feared retribution.

The maximum penalty may amount to 10% of a year’s financial turnover, which for Coles and Woolworths could be billions in fines.

Government to adopt recommendations of conduct review in full amid consumer and supplier complaints about soaring profits

Supermarkets guilty of anti-competitive behaviour towards suppliers will face large penalties under a mandatory Food and Grocery Code of Conduct the Albanese government will implement.

A new deportation bill might bar citizens of entire countries from getting visas, YouTube blocks videos at the request of the Indian government, and Albanese announces cash for oz-made solar.

We need divestiture powers to curb corporate abuses like price gouging — but remember that super funds own a large chunk of these companies.