Business
Miners and banks knock ASX 0.5% lower; APRA lifts COVID dividend cap – The Sydney Morning Herald
The ASX 200 slipped by as much as 0.5% in early trade after a mixed session on Wall Street, and a slide for iron ore prices.
We allege that Retail Food Group withheld critical profit and loss information about these corporate stores from incoming franchisees, and falsely represented that these loss-making stores were viable or profitable, ACCC Chair Rod Sims said in a release.
Shares in Retail Food Group fell 21 per cent to 7.2 cents after 45 minutes of trade on Tuesday.
In documents issued to incoming franchisees, Retail Food Group claimed it could not estimate earnings for a particular franchise.
In fact, the ACCC…
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