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ASX LIVE: Australian shares to slide; results pending from BHP, Coles

Australian shares are down 0.5pc; RBA confesses to ‘pattern of incoming prices and wages data exceeding expectations’; Ingenia sinks on guidance downgrade; Johns Lyng rallies on guidance upgrade. Follow updates here. ....

New South Wales , Western Australia , Steven Cain , Tom Richardson , Cecile Lefort , Alex Gluyas , Leah Weckert , Vesna Poljak , Viva Energy , Estia Health , Smarter Selling ,

Coles, Woolworths to gain as food inflation accelerates: UBS

Fresh food inflation is leading the way, with meat an ongoing pressure point, while dry food inflation is building, led by Woolworths. ....

Tanya Barden , Josh Frydenberg , Australian Food Grocery Council , Smarter Selling , Australian Food , Grocery Council ,