Scanned and packed, inquiry to rule on grocery prices

@MichaelWestBiz— A parliamentary probe into supermarket price gouging is set to hand down its findings. The Senate committee, which has investigated the market power of the supermarket duopoly of Coles and Woolworths and its price-setting practices, will release its final report on Tuesday. The inquiry has been examining allegations of price inflation by major supermarkets while […]

Drudge Report—Grocery prices fall for first time in a year. Grocery prices fell on the whole in April for the first time in 12 months, according to data released Wednesday by the Labor Department. Prices for food at home fell 0.2 percent in April, according

@MichaelWestBiz—Groceries inquiry backs breaking up major supermarkets. Laws to break up supermarket giants that abuse their market power should be introduced, a parliamentary inquiry has recommended, while calling for measures banning price gouging at the check-out. A Senate committee examining supermarket prices handed down its final report on Tuesday, laying out 14 reform recommendations. The report called for divestiture laws to break […]

@cityam—Standard Chartered chair bemoans share price but rules out ditching primary London listing. Standard Chartered's top brass has once again bemoaned its weak share price but ruled out moving its primary listing from London.