Business
Is the Woolworths (ASX:WOW) share price in the buy zone?
The Woolworths Group Ltd (ASX: WOW) share price was out of form on Tuesday despite the release of an announcement.
The retail conglomerate’s shares edged 1% lower to $41.63.
What did Woolworths announce?
On Tuesday Woolworths announced that it is investing $223 million to increase its stake in data science and advanced analytics business Quantium from 47% to 75%.
Woolworths notes that the two parties have been working together closely since 2013 following an original investment of $20 million for a 50% stake.
Since then, the partnership has enabled Woolworths and its supplier partners to make customer-first decisions across pricing, ranging, and promotions.
What’s next?
Following the completion of the transaction, Quantium will…
-
General24 hours agoGold Coast Titans, Jaime Chapman working with NSW Police over deepfake AI images of NRLW star
-
Noosa News22 hours agoGreen light for cotton, hay and melons in Larrimah after controversial water licence approved
-
Noosa News24 hours agoYes Chef, Again: ‘The Bear’ Is Plating Up Its Fourth Season of Restaurant Highs and Lows in Winter 2025
-
Noosa News19 hours agoMelioidosis death toll hits 31 with latest fatality in Townsville