26-02-2020 05:28 via uk.finance.yahoo.com

Australian fires, drought hit Woolworths sales, shares down

Australia's largest supermarket chain Woolworths Group Ltdposted a jump in first half profit as promotional giveaways lured shoppers, but warned of softer trading ahead as drought and months of bushfires hurt the quality of its produce.Shares of Woolworths fell 3% by midafternoon, more than a broader market decline of 2.3% amid fears about the spread of the coronavirus, as investors looked past a rise in underlying profit and focused on its lacklustre outlook."We continue to navigate an uncertai
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