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ASX:COL.AX 26 January 2026 - 5 March 2026

Coles faces fresh heat over Palantir tie as GetUp petition forces response

Coles faces fresh heat over Palantir tie as GetUp petition forces response

Coles Group Ltd confirmed it relies on Palantir’s software for business analytics and internal planning, following a fresh petition from activist group GetUp pushing the retailer to drop the U.S. data firm amid surveillance worries. A Coles spokesperson said the system is used by staff for bakery output planning, rostering, and assessing the impact of promotions. Palantir, for its part, maintains its software is restricted to processing data as directed by clients. The dispute comes at a time when major retailers are ramping up their use of data tools to cut expenses and avoid empty shelves, just as shoppers become increasingly cautious about the handling of their data. Coles, for its part, inked a deal in 2024 to roll out Palantir’s technology in over 840 supermarkets, earlier reports show.

Stock Market Today

  • First Abu Dhabi Bank sells $750 million in Tier 2 bonds maturing 2036
    June 30, 2026, 3:58 AM EDT. First Abu Dhabi Bank (FAB) said it raised $750 million by selling Tier 2 capital bonds due December 2036. The bonds are subordinated debt that qualify as regulatory capital under Basel III. FAB's prospectus for the deal came out June 30, 2026. Tier 2 securities take losses only after Tier 1, so they offer loss-absorbing capacity in a crunch and help FAB with capital rules. Full details are on FAB's site or the London Stock Exchange news feed. FAB is part of a wave of regional banks adding to capital and tapping new funding channels.
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