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.

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 go toward investing in its future growth and invest in the flexibility of its balance sheet.

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 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.

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.

Australian dollar rises

Aussie dollar lifts against US counterpart.

Report offers guidance for reporting season during Covid-19

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