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By Byron Kaye and Roushni Nair
(Reuters) -Australia's No. 2 grocer Coles Group Ltd said first-half profit beat analysts' forecasts as reduced pandemic-related spending offset inflation, but it warned rising wages and energy bills continue to push up costs, sending its shares lower.
After barnstorming sales during COVID-19 lockdowns, Coles and larger rival Woolworths Group Ltd have borne the brunt of a changing economy as Russia's invasion of Ukraine drives up power bills and a shortage of work...
>>> Read more: Australia's Coles H1 profit beats f'casts, but cost pressures loom
(Reuters) -Australia's No. 2 grocer Coles Group Ltd said first-half profit beat analysts' forecasts as reduced pandemic-related spending offset inflation, but it warned rising wages and energy bills continue to push up costs, sending its shares lower.
After barnstorming sales during COVID-19 lockdowns, Coles and larger rival Woolworths Group Ltd have borne the brunt of a changing economy as Russia's invasion of Ukraine drives up power bills and a shortage of work...
>>> Read more: Australia's Coles H1 profit beats f'casts, but cost pressures loom
