Markets

Perpetual is betting on a Woolworths turnaround

Perpetual Investments sees troubled supermarket player Woolworths as a buy with turnaround potential under its new management. Sales are flatlining at Woolworths, well behind major competitor Coles with 5.9% sales growth, as the industry faces growing competition from new discount players including Aldi. Woolworths posted a loss of $972.7 million […]
Perpetual is betting on a Woolworths turnaround