Woolworths Group Ltd
Rejection of deal with BP: Oil major, BP’s loss on purchase of Woolworths’ (ASX: WOW) chain of petrol stations seems to be a gain for Caltex (ASX: CTX) that surged 3.73% on December 14, 2017. Particularly, the competition watchdog, Australian Competition and Consumer Commission (ACCC) has rejected the $1.8 billion deal on grounds of substantial lessening of competition in the retail supply of fuel if the purchase is approved, given that Woolworths is a vigorous and effective competitor with an important influence on fuel prices with consumers banking on the cheaper prices offered at its petrol stations. ACCC came up with its view based on an extensive data analysis of all major retailers’ fuel prices to determine the effect that BP and WOW have in both local and metropolitan-wide areas. While WOW is disappointed from the decision, CTX aims to continue to provide high quality fuel supply to WOW.
a2 Milk Company Ltd
Admission to ASX 100 Index and changes in board: a2 Milk Company Ltd (ASX: A2M) has announced about the appointment of Ms. Jayne Hrdlicka (Qantas executive) to the role of MD and CEO, succeeding Geoffrey Babidge who will retire from his role in 2018. The move has been cited to fall in line with the current ongoing momentum of the business and Jayne’s appointment is said to be relevant to A2M’s next growth phase based on her extensive experience in strategy formulation and execution, insight into customer-centricity and innovation, and understanding of operating in a disruptive environment. A2M seems to be preparing for its next leg of growth; and the stock has been up over 116% in last six months (as at December 13, 2017), and was up 3.4% on December 14, 2017 with admission to ASX 100 Index effective December 18, 2017.
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