Woolworths profits hit as cost-of-living squeeze pushes Australians to cheaper products; Supermarket chain's slowdown comes as competition watchdog accuses retailer of 'illusory' discounts on hundreds of itemsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcast

Byline: Jonathan Barrett Senior business reporter Australia's biggest supermarket chain, Woolworths, has warned its profits have been hit as cost-of-living pressures weigh on buying decisions, prompting shoppers to opt for [...]