Coles Group Ltd (COL.xasx)

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Coles Group Ltd (COL.xasx) Profile

Coles Group Ltd (COL.xasx) is a full-service supermarket retailer headquartered in Melbourne, Australia. The company operates in several retail chains primarily concerned with the sale of food and groceries through its flagship supermarket chain Coles and the sale of liquor and petrol through its Coles Liquor and Coles Express outlets. As the second-largest retailer in the country, Coles Group has 806 Coles Supermarkets, 712 Coles Express outlets, 894 liquor stores, including Liquorland, Vintage Cellars and First Choice Liquor, Coles-branded financial services and 88 Spirit Hotels throughout the country. Coles company has 118,000 employees and had a market capitalisation of $23.58B (AUD) as of December 2021. The Coles Group Ltd stock (COL.xasx) is listed on the Australian Stock Exchange (ASX). The Coles Group in order to drive rapid digital transformation and improve the way Coles connects with its customers is hiring more than 70 digital professionals to join its eCommerce business. Coles, with its partner, Second Bite, launched a global campaign to provide meals for a large number of people facing hardship for Christmas 2021.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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