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Myer, Megamart weigh on Coles

July 24, 2018
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Coles Myer delivered another solid profit result yesterday andoutlined ambitious plans to expand its liquor operations and boostsales of its private labels goods. (Sydney Morning Herald — 18 March, 2005)
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Yesterday’S fall in the Coles Myer share price after the company disclosed a 20 per cent gain in first-half earnings, enabling a further lift in dividend and a $700 million share buyback, can probably be put down to two factors – over-anticipation and the lack of any guidance in relation to the continuing trouble spots. (The Australian — 18 March, 2005)
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Coles Myer has unveiled a record first-half net profit in line withmarket expectations, reaffirmed its full-year outlook and announceda capital management program which includes a $700 millionoff-market buyback. (Australian Financial Review — 17 March, 2005)
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Australias largest retailer Coles Myer has reported a 15 5 per cent increase in its half-yearly profit to $403 8 million The company says the result has been driven by earnings from its Target a (ABC News — 17 March, 2005)
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Coles Myer Ltd is reportedly set to announce plans to return $1.1billion to shareholders when it delivers its first half profitresults this week. (Sydney Morning Herald — 14 March, 2005)
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Shares in Coles Myer weakened today after the retailer issued another interim record result laced with share buybacks, an innovative approach to house brands and a new look outlet for liquor. (The Australian — 17 March, 2005)
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Patrick Corp Ltd says it will not extend its offer for Virgin BlueHoldings Ltd past the current offer period. (Sydney Morning Herald — 17 March, 2005)
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