Australia's Coles hits 2-month low, court finds it misled shoppers in discount lawsuit
14/05/2026 02:30
** Shares of Australian grocery chain Coles Group COL.AX fall 3.6% to A$20.36, their lowest level since March 13 ** A court found Coles engaged in misleading conduct by increasing the price of hundreds of items and then advertising discounts higher than the original price ** Coles acknowledged the judgment, and said it was reviewing it ** Shares of larger rival Woolworths WOW.AX fall 1.7% to their lowest since February 24 ** COL and WOW drag consumer staples index .AXSJ 2.4% lower ** COL shares down 1.5% this year, as of last close (Reporting by Sameer Manekar in Bengaluru) ((Sameer.Manekar@thomsonreuters.com))
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