Latest Financial News - Inside FMCG
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 sales revenue growing 10.5 per cent to $9.6 billion.
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 go toward investing in its future growth and invest in the flexibility of its balance sheet.
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 cash-starved Australians with the intention that this money will be redirected back into the economy.
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 week seeking to punish those who deliberately steal from their workers.
Fonterra acquires RFG’s Dairy Country business
The latest move of RFG falls under its 18-month restructure and transformation.
Report offers guidance for reporting season during Covid-19
Joint report gives guidance on how to navigate financial reports during the pandemic.
