ASX:COL 13 May 2026 - 17 May 2026

Wesfarmers jumps as buyers return to ASX retail stocks
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Wesfarmers jumps as buyers return to ASX retail stocks

Wesfarmers shares closed up 2.4% at A$72.98 Tuesday, outperforming the S&P/ASX 200’s 1.17% gain to 8,604.7. Investors rotated back into consumer stocks after recent losses, with Wesfarmers trading 1.56 million shares. Woolworths rose 3.7% after a JPMorgan upgrade, while Coles gained 2.7%. Cost pressures persist, with CEO Rob Scott warning of potential price increases due to fuel and freight.
May 19, 2026
UK & AU Stock Market Today: Live Updates 13.05.2026
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UK & AU Stock Market Today: Live Updates 13.05.2026

LIVEMarkets rolling coverageStarted: May 13, 2026, 12:00 AM EDTUpdated: May 13, 2026, 11:58 PM EDT Federal Court Rules Coles Misled Shoppers with 'Down Down' Discounts May 13, 2026, 11:58 PM EDT. The Federal Court ruled that Australian supermarket giant Coles misled customers by promoting fake "Down Down" discounts on everyday groceries. Justice Michael O'Bryan found Coles' tactic of showing inflated "was" prices for short periods before applying "discounted" prices was deceptive. The Australian Competition and Consumer Commission (ACCC) sued Coles over the practice between 2021 and 2023, arguing the promotional campaigns disguised actual price increases amid inflation. Coles argued these
May 13, 2026

Stock Market Today

  • Oil Price Hits $100 Amid US-Iran Tensions and Tight Global Supply
    May 26, 2026, 9:08 AM EDT. Oil prices surged past $100 a barrel following US strikes on Iran, raising concerns that the global energy market has passed a critical 'point of no return.' The conflict disrupted shipments through the Strait of Hormuz, previously transporting 20 million barrels daily, leading to significant supply losses. Despite hopes for a diplomatic resolution, petrol stockpiles are critically low, with emergency releases expected to end soon. Analysts warn of a potential 'rude awakening' as demand rises during the summer travel season while supply remains constrained. Saudi Aramco and the International Energy Agency have flagged ongoing risks of prolonged supply shortages into next year if the strait remains closed, contributing to market volatility and sustained tightness in crude oil inventories.