UPDATE: Woolworths Lifts ALH Offer, Pips Coles By 1 Cent
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SYDNEY (Dow Jones)--Woolworths Ltd. (WOW.AU) raised its takeover offer for Australian Leisure &amp; Hospitality Group Ltd. (ALH.AU) for the third time Monday as it bet
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The retailer raises guidance after an impressive first quarter.
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AUSTRALIAN Pharmaceutical Industries has acquired New Price Retail in an attempt to bolster its retail presence amid growing competition from Woolworths and Coles.
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Global beverages firm Foster&#39;s Group has sold its 10 per cent stake in pubs and bottleshops operator Australian Leisure and Hospitality Group Ltd (ALH) to Woolworths-led Bruandwo for $3.
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MELBOURNE (Dow Jones)--Australia&#39;s largest retailer Coles Myer Ltd. (CML.AU) reported Wednesday a better-than-expected 44% rise in annual net profit, driven by booming
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Australian supermarket group Woolworths has reported a 12% increase in second-half profit despite tough competition from rival Coles Myer.
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Australian retail giant Coles puts itself up for sale, saying it expects to be worth more than $14bn.
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SYDNEY: Coles Myer Ltd, Australiaâs biggest retailer, increased second-half profit by 26% after opening fuel and convenience stores, selling more-profitable groceries and cutting costs.
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Woolworths Ltd., Australia&#39;s biggest grocer, may be drawn into a bidding war for Australian Leisure &amp; Hospitality Group, after US buyout firm Newbridge Capital made aA$1.
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Woolworths Ltd., Australia&#39;s biggest grocer, increased its stake in takeover target Australian Leisure &amp; Hospitality Group to 16.
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Woolworths Ltd.&#39;s second-half profit rose 12 percent after Australia&#39;s biggest grocer cut the cost of getting goods to its shops and opened 37 new supermarkets and liquor outlets.
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Australian stocks rose as Metcash Trading Ltd. had its biggest gain in almost four years after Citigroup Inc. raised the stock&#39;s rating, citing an offer to buy Foodland Associated Ltd.
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Woolworths Ltd., Australia&#39;s biggest grocer, increased its offer for Australian Leisure &amp; Hospitality Group to A$1.2 billion ($877 million) to stop rival bidder Coles Myer Ltd.
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COLES Myer yesterday waltzed in and trumped rival Woolworths in the battle for pubs group Australian Leisure &amp; Hospitality. But Coles chief John Fletcher&#39;s $3.
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MELBOURNE - Australian stocks ended 0.1 per cent higher on Tuesday as a new appointment helped boost National Australia Bank, while heavyweight resource group BHP Billiton slipped after recent gains.
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SINGAPORE The takeover battle for Australian Leisure &amp; Hospitality Group and its liquor stores appeared to come to an abrupt end on Tuesday as the retailer Coles Myer handed its rival Woolworths what analysts said might prove a Pyrrhic victory.
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Woolworths has probably won the first phase of the battle for Australian Leisure &amp; Hospitality Group. Whether that translates into clear leadership of the Australian liquor retailing