
Australian biopharma firm CSL posts 14% rise in annual profit
The world's second-largest producer of flu vaccines reported net profit after tax attributable for the year ended June 30 of $3.3 billion on a constant currency basis, higher than $3.01 billion reported last year.
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Daily Mail
4 hours ago
- Daily Mail
Why shopper is furious after spotting 'huge problem' with Aldi trolleys - but not everyone agrees
A disgruntled customer has sparked debate after spotting a 'problem' with Aldi 's shopping trolleys outside a store. The customer took particular issue with the supermarket after noticing there were hardly any smaller shopping trolleys available during a visit to a store in Victoria. He shared a picture on social media showing three rows of larger 212L carts, each measuring 1.1m high, lined up in the bay - but no smaller versions in sight. 'ALDI WHY!? Every Aldi I go to has hundreds of large trolleys and only three small trolleys? Why is it so back to front?' the furious shopper said. The man explained that he avoids using larger trolleys due to his back problems. 'I don't want to hurt my back any further,' he said. The irritated shopper speculated that the smaller trolleys had disappeared because other customers were abandoning them along their walk home. It's understood there are no current plans for Aldi to phase out smaller trolleys. His post was met with dozens of comments, but not everyone agreed with him. 'Your back issues are not Aldi's problem,' one said. 'You can fit a small trolley's worth of goods into a big trolley, but you can't fit a big trolley's worth into a small trolley... therefore, big trolleys have more utility?' another pointed out. 'If small and big trolleys are troubling you, you may be missing the bigger picture here. Aldi has a system that utilises trolleys all the way through the shopping process to maximise efficiency. Those efficiencies result in lower prices for you. Just use the bigger trolley and get on with enjoying life,' one added. Meanwhile, another shopper weighed in, saying the man was lucky to have trolleys at all as their local Aldi store's bay is always empty during peak shopping hours. 'Not sure when they collect them because even on a Saturday morning, the trolley bay is empty from Friday night shopping,' they added. Back in June 2022, an Aldi spokesperson told Daily Mail the smaller trolleys were designed to provide shoppers - particularly pregnant mums and elderly people - with 'greater convenience'. 'We recognise that customers are looking for greater convenience when they visit our stores, as it's almost impossible not to pick up the excellent value products on offer,' the Aldi spokesperson said at the time. 'That's why we're introducing smaller trolleys across all our locations, so our customers can more efficiently pick up products while doing smaller grocery shops.'


The Independent
5 hours ago
- The Independent
Fast casual restaurant chains report drop in earnings
Underwhelming earnings from casual food businesses like Shake Shack, Sweetgreen, and Cava are signalling potential economic issues in the US. These businesses are predominantly located in US coastal metropolitan areas, making them particularly susceptible to the effects of President Donald Trump's aggressive policies on international trade and immigration. Coastal cities such as New York, Los Angeles, San Francisco, and Washington D.C. have experienced significant job losses and a projected decline in international tourism. This contrasts with other casual dining chains, like Olive Garden, which cater to a broader geographic spread across middle America and have not faced similar financial setbacks. The struggles of these coastal-focused businesses, alongside a University of Michigan study indicating reduced spending by left-leaning consumers, highlight regional economic disparities and serve as an early warning for the wider economy.


Daily Mail
6 hours ago
- Daily Mail
Anglo American suffers £3bn blow as US rival pulls out of deal to buy its Australian coal mines
Anglo American suffered a setback yesterday after a US rival abandoned plans to buy its coal mines. Peabody Energy said it was pulling out of its £2.8billion purchase of the London-listed mining giant's Australian steelmaking coal business. The US company blamed a 'material adverse change' in circumstances following an explosion at the Moranbah North mine in Queensland's Bowen Basin. The site has remained closed since March. It comes as a blow to Anglo as it seeks to restructure having fended off a £39billion takeover bid from BHP. Anglo boss Duncan Wanblad said he was 'very disappointed' and insisted the blast at Moranbah North 'did not constitute' a material adverse change. Wanblad said 'it would have been better for all parties to avoid a legal dispute' but added the firm would 'shortly initiate an arbitration to seek damages for wrongful termination' of the deal. BHP posted its lowest profits for five years as weak demand in China sent iron ore prices down. Earnings fell 26 per cent to £7.8billion last year.