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| | [No title] (Site not responding. Last check: 2007-11-05) |
 | | MELBOURNE, March 20 (Reuters) - Australia's largest retailer Coles Myer Ltd. (CML.AX: Quote, Profile, Research) posted a higher-than-expected 10.5 percent rise in first-half profit, led by its Target variety stores, and said it was on track to meet its full-year guidance. |
 | | The company, which last week sold its Myer department stores for A$1.4 billion ($1.0 billion), also said it was overhauling management of its food and liquor business, with its chief executive John Fletcher, taking a more hands-on role. |
 | | Coles Myer shares rallied 2 percent after the result, but eased back to be up 1 percent at A$10.46 in afternoon trade in a wider market up 0.6 percent. |
| today.reuters.com /business/newsArticle.aspx?type=consumerProducts&storyID=nSYD133132 (424 words) |
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