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Finance

Finance Archives

Sliced cheese

Bega source confirms due diligence underway on Lion Dairy deal

A Bega source has confirmed the company is engaged in due diligence over the purchase of Kirin's dairy assets in Austral...
Yoplait logo

Bega to buy Kirin’s Lion Dairy & Drinks business

Japanese brewer Kirin Holdings has reportedly entered into a deal to sell its Lion Dairy & Drinks subsidiary in Australi...

Craft beer sales surge in spite of pandemic

Despite the Covid-19 pandemic badly affecting many businesses across various sectors, the craft beer industry is one tha...

WHSmith repays more than $2.2 million to underpaid workers

WHSmith has paid back more than $2.2 million it owed to workers who were underpaid, and has agreed to an Enforceable Und...

Johnson & Johnson loses US$2.12bn baby-powder appeal bid

Missouri's highest court on Tuesday refused to consider Johnson & Johnson's appeal of a $2.12 billion damages award to w...
7-Eleven’s workplace

7-Eleven’s workplace compliance gets thumbs up after audits and $173m back pay

7-Eleven’s workplace compliance has improved significantly over the past three years, according to the Fair Work Ombudsm...
Hardware Lane in Melbourne's CBD

The suburbs are the future of post-Covid retail

The Covid-19 pandemic delivered a body blow to CBD retailers, but it’s just the latest of their challenges in recent yea...

Bubs Australia revenue falls as diagou trade dries up 

Bubs Australia has seen gross revenue fall 34 per cent during the first quarter to $9.4 million, largely due to the disr...

Coles’ revenue continues growth in first quarter

Coles has continued riding the wave of heightened grocery activity throughout the first quarter of FY21, with group sale...
MarleySpoon

Marley Spoon launches $56m placement to fund further growth

Meal-kit provider Marley Spoon has launched a fully underwritten $56 million institutional placement, with the proceeds ...
Shopping trolley

Global FMCG profit margins rose by near-record amount prior to Covid-19

Before Covid-19 hit the world, profit margins in the global FMCG industry grew by 18.7 per cent, nudging 2007’s 18.9 per...
Vegetables and calculator

Tax relief, job creation and asset write-off: How does the budget stack up for FMCG?

The 2020-21 budget outlined a monster deficit of $213.7 billion this year, and touts $17.8 billion in tax relief for cas...

QLD wage theft bill passed despite industry concerns

Wage theft can now land business leaders ten years of jail time, with new laws passing in Queensland Parliament last wee...

Fonterra acquires RFG’s Dairy Country business

The latest move of RFG falls under its 18-month restructure and transformation.

Aussie dollar steady

Australian dollar increases on Thursday.

Australian dollar rises

Aussie dollar up against the greenback.

Australian dollar falls

Aussie dollar slides on Friday.

Report offers guidance for reporting season during Covid-19

Joint report gives guidance on how to navigate financial reports during the pandemic.

Australian dollar rises

Aussie dollar lifts against US counterpart.

Australian dollar lifts

Australian dollar rises against the greenback.