Billions wiped off Coles as it loses ground to Woolworths

The Sydney Morning Herald - Oct 30, 2026

Coles shares have plunged after a profit warning, amid signs of stiff competition with arch-rival Woolworths.

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ASIC has confirmed it is examining the aborted float of data centre start-up Firmus that would have been the largest ASX listing since Telstra in 1997.

Forrestania inks fresh ore deal to feed hungry WA gold hub
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Forrestania Resources has inked a deal to buy up to 400,000 tonnes of gold ore from High-Tech Metals to feed its WA processing plants, bolstering its hub-and-spoke strategy.

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For years, the unspoken rule in workplaces is that everyone wanted to move up the ranks. But now fewer people want to be the boss, and it’s not hard to see why.

‘Politics played no role’: Fed hits pause button ahead of midterms
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The US central bank has left interest rates on hold, but inflation data due later this week is expected to show another increase in prices.

Wesfarmers chair Michael Chaney preaches AI caution amid all the talk of transformation
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Wesfarmers, which owns Bunnings, did not make itself one of Australia’s most successful companies by acting in haste. Its approach to AI is no different.

Anthropic brings its mega IPO to Australia’s AI-starved investors
Oct 28, 2026
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Australia is one of a few countries around the world where mum and dad investors can directly buy into the Anthropic IPO.

Trump’s America is facing a reckoning as it drowns in debt
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The clock may be ticking on America’s “exorbitant privilege”.

Right Resources clocks 90% gold recoveries in NSW met test
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Right Resources achieved 89.9% gold recoveries in cyanide leach tests at its NSW pilot project, with low reagent consumption strengthening its processing outlook.

ASX ends flat as inflation boosts rate rise bets; tech stocks rally
Oct 28, 2026
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The Australian sharemarket erased its morning gains after the release of the nation’s latest inflation figures increased pressure on the Reserve Bank to lift interest rates next week.

Forrestania adds more gold ounces to WA production pipeline
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Hastings completes US$15M Thai rare earths plant deal
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