ASX closes closes up on Sigma-Chemist Warehouse merger; Nine cops protest vote, US markets rallied on Trump's victory — as it happened

ASX closes closes up on Sigma-Chemist Warehouse merger; Nine cops protest vote, US markets rallied on Trump's victory — as it happenedASX closes closes up on Sigma-Chemist Warehouse merger; Nine cops protest vote, US markets rallied on Trump's victory — as it happenedThe Australian share market bounced back after the ACCC approved the Sigma and Chemist Warehouse merger. Nine felt the wrath of investor fury, while supermarkets and the RBA were a key focus.

AFGC says there is "strong encouragement" on suppliers to pay to be advertised in the media channels owned by major supermarkets, such as magazines run by Coles. What about Australia? It's not only the Reserve Bank that is reasonably sanguine about the likely effect of Trump's tariffs here.says Australia has a "tariff resistant export basket" due to our over-reliance on commodity sales and relative under-reliance on manufactured goods exports."If tariffs challenge China's ability to pursue export-driven growth, authorities will likely look for growth elsewhere," O'Donaghoe continues.

"Australian Shareholders’ Association highlighted to Nine our concerns with their remuneration structure including to their short-term and long-term incentives to better incentivise CEO performance," Australian Shareholders Association CEO Rachel Waterhouse said. The year of upheaval has seen the company's share price slashed from about $2 in January to $1.10 this afternoon.'Punishment Island': That's how one worker described what would happen at Nine when workers spoke up about harassmentThat's off the news that the ACCC has approved its merger with Chemist Warehouse to create Australia's biggest pharmacy group.

Suppliers can also face costs such as freight and promotional charges, as well as "rebates" when retailers make big orders.AFGC says its mostly Coles and Woolworths that have the most variance in their contracts, opposed to Aldi and Metcash.

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Competition watchdog backs Chemist Warehouse merger with Sigma HealthcareAfter the merger, the company will have more than 1000 retail stores and 16 distribution centres in Australia and New Zealand.
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Why did the ACCC approve the Chemist Warehouse merger with Sigma Healthcare?Two of Australia's biggest pharmacy brands are joining forces to become a multi-billion-dollar pharmaceutical juggernaut. Here's why the competition watchdog gave the deal the all-clear.
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