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Was inflation at work, or deception, when Woolworths' advertised the Oreo Family Pack as a 'Prices Dropped' special of $4.50 in December 2022, when the biscuits had been selling for $3.50 just three weeks earlier?
A Woolworths manager has admitted he wouldn't have been content to sell Nestle's Ceralac at the advertised 'before' price of $6.50 in the absence of the product's listing on the supermarket chain's Prices Dropped program.
Construction PRO
ASX-listed data centre operator NextDC has raised $750 million from a subordinated wholesale notes offer, bringing its cash pile to $6.6 billion.
A Woolworths executive facing cross-examination in the ACCC's case over alleged illusory discounts has denied that price increases were anything other than a reaction to inflation and a “tsunami” of supplier cost increase requests.
Construction PRO
Defunct developer FSM must hand over transcripts of examination proceedings by its liquidators in a new case against Ray White Capital, Mallesons and others after the liquidators lost their bid for unreacted emails related to financing for an Ashfield development.
Hearing the ACCC's opening remarks in its case against Woolworths over 'illusory' discounts, a judge has questioned if consumers would have descended into the level of analysis suggested by the regulator when shopping.
A judge has rejected as "approaching an abuse of process" a bid by internet provider Origin Net for more documents from power company Origin Energy ahead of next month's trial in their intellectual property stoush.
Trial begins Tuesday in the consumer regulator's case against Woolworths over alleged dodgy discounts, with the supermarket chain set to argue there was nothing phony about its 'Prices Dropped' campaign.
A contradictor has recommended the court trim $3 million from a funder's cut of a $67 million settlement in a class action against QSuper, saying the court should not allow 'double dipping' given the funder was shielded from some risk by ATE insurance.
Construction PRO
Global infrastructure manager Palisade Investments has scooped up a battery energy storage system under construction 50 kilometres from Adelaide, which has already secured a long-term tolling agreement with Origin Energy.