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Grocery wholesaler Metcash Limited (ASX:MTS) has joined the chorus of criticism against supermarket giants Woolworths Limited (ASX:WOW) and Wesfarmers Limited (ASX:WES)-owned Coles.
Metcash’s chief, Andrew Reitzer, told the Australian Financial Review Coles and Woolies control near 80 per cent of the market share and there’s no place or time for nice guys.
Mr Reitzer also said Metcash is now facing the worst conditions in more than a decade.
Earlier this week reports emerged that ''major listed companies'' are among those who have provided evidence to Australia’s Competition regulator of ''unconscionable conduct'' from Woolies and Coles.
Metcash reported a half year net profit of $97.8 million to October 31, 2011.
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Last
$3.90 |
Change
-0.010(0.26%) |
Mkt cap ! $4.286B | |||
| Open | High | Low | Value | Volume |
| $3.92 | $3.95 | $3.90 | $21.10M | 5.426M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 29964 | $3.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.93 | 7522 | 1 |
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| Last trade - 16.10pm 19/09/2025 (20 minute delay) ? |
| MTS (ASX) Chart |