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Finance Archives

Woolworths makes sales strides, but profit drops during Omicron challenges

Group sales rose 8 per cent to $31.8 billion with earnings before tax and interest falling 11 per cent to $1.38 billion....

Bubs Australia sees exponential growth during the first half

Specialty Infant formula and children’s nutritional products maker Bubs Australia has reported first-half group revenue ...

Aussie Biscuits, Summerland Farm report huge growth

Aussie Biscuits sales went up to 300 per cent last year while Summerland Farm achieved a 400-per-cent boost.

Coles’ omnichannel focus pays off in first half of FY22

While supply-chain crises and Covid-19 scares have raged around it, the grocery giant has largely stayed the course on i...

Coles’ sales, profit stable during Covid-impacted first-half

The group also incurred Covid costs in its supermarket segment during this period largely due to team member isolation r...

Halo Food Co acquires The Healthy Mummy for $17 million

The business enjoys over 86,000 digital subscribers hence the acquisition will add sizeable cross-brand sales to Halo Fo...

A2 Milk profit halves on China slowdown but sees sales pick-up

The firm reported first-half net profit after tax of NZ$56.1 million ($37.54 million), down from NZ$120 million a year a...

The Endeavour Group records good half-year earnings

Beer and cider saw a major decline compared to the previous year, with consumers taking a newfound interest in craft off...

US-UAE push for another $4bn in farming climate change investment

"We believe we actually need to set a higher goal. President Biden believes we should get $8 billion by COP27," Vilsack ...

Pental’s Hampers with Bite acquisition already paying off

Home and hygiene product maker Pental has reported strong performance across its company portfolio in its first-half res...

Wesfarmers eyes silver linings in subscription, health and beauty

While Wesfarmers’ retail arms suffered throughout the first half, chief executive Rob Scott outlined some opportunities ...

Wesfarmers warns of more Covid disruption after first-half profit dives

The company says global supply chain disruptions will lead to additional costs of products as well as impact availabilit...

Treasury Wine shares surge as post-China focus begins to pay off

The company said trading conditions for the remainder of fiscal 2022 were expected to remain broadly in line with the fi...

Cancer patients label Johnson & Johnson talc bankruptcy ‘rotten’

J&J maintains that its consumer talc products are safe.

Japan brewer Kirin to exit Myanmar, seek sale of two units

Even so, company executives previously said they wanted to remain in the Myanmar market.

Slyp raises $25 million in Series A fundraising

The capital raised in this round of funding will be used to accelerate the company's innovation to avoid the consumption...

Woolworths Group’s W23 invests in alt-protein startup All G Foods

The brand believes it will be the first Australian company to use precision fermentation to develop dairy proteins that ...

Suntory to sell Oceania fresh coffee business

The deal, valued at around $229 million, is expected to be complete within the first half of this year.

Unilever under pressure to show sustainability focus is good for business

In 2019, months after taking over as CEO, Jope said "brands without a purpose will have no long-term future with Unileve...

Fenn Foods raises fresh capital round for expansion

The capital injection joins BIM’s existing investments, including Beamtree, MadPaws, BikeExchange and Marketplacer.