Caltex have rejected a takeover bid from EG Group. The UK based group submitted a split bid last month of $3.9 billion in cash for the convenience business and $15.62 in cash and securities for shareholders for the fuel and infrastructure business, including trading and shipping. However in a statement to shareholders this morning, Caltex […]
Caltex reject EG Group takeover bid Read More »
Coca-Cola are the latest company to feel the squeeze from COVID-19 containment measures. The Coca-Cola company have flagged potential product delays as it deals with supply chain issues for the sugar substitutes used in the diet and Coke-Zero ranges, which are sourced from China. Releasing their annual report to the US Security Exchange Commission, the
COVID-19 could threaten Coke supplies Read More »
Woolworths have announced their underpayment scandal has risen to $315 million. They have also flagged the figure could continue to rise, as they finalise an internal review into the underpayment of more than 5,700 salaried staff over a nine year period. In a statement to the ASX on their half-yearly results yesterday, the company admitted
Woolworths underpayment scandal rises to $315 million Read More »
The proposed acquisition of Lion Dairy and Drinks would be just the start of big expansion plans for Chinese company Mengniu Dairy, according to data analytics and consulting company GlobalData. The Australian Competition and Consumer Commission last week gave the green light for the acquisition, which would see Lion D&D’s dairy business (currently a subsidiary
Mengniu poised for APAC expansion, analysts say Read More »
You can now enjoy Starbucks at home, from the comfort of your couch – no WiFi code required. Nestlé have just released a new line of instant soluble coffee featuring the signature Starbucks medium (with notes of milk chocolate and nuts) and dark (with a sweet, roast flavour and notes of dark chocolate) roast tastes.
Starbucks bring coffee to home kitchens Read More »
It’s a footy staple, beloved by tradies and a go-to-snack for countless Australians. But the humble meat pie has just been given a major shake up by Four’N Twenty, who have released a very on trend line with a brand new plant-based filling. And it seems there’s already plenty of buzz, with news of the
Classic pie goes meat-free Read More »
Multinational energy company Equinor has abandoned plans to start drilling near the Great Australian Bight, citing the operation would not be “commercially competitive”. Equinor had earmarked an area south of South Australia’s Nullabor coastline, near the West Australian border, in the Ceduna sub-basin to drill for oil . The Norwegian company were granted the second
Equinor abandon drilling plans for Great Australian bight Read More »
Caltex have announced Matthew Halliday has been appointed interim CEO, to replace Julain Segal, as they negotiate rival takeover bids. Mr Segal, who announced he would be retiring in August last year, will leave the company on March 2. Mr Halliday is currently chief financial officer at Caltex and his CFO position will be helmed
Caltex announce interim CEO Read More »
Small businesses are being encouraged to have they say on draft legislation for payment time frameworks, which would require more transparency on the issue. The federal government have opened their Payment Times Reporting Framework for consultation. It would apply to roughly 2,500 large businesses, including both government entities and foreign companies, and would force businesses
Small businesses encouraged to give feedback on payment legislation Read More »
PepsiCo and Clean Up Australia have partnered on a three-year campaign to drive soft plastic recycling. The company are investing $650,000 in the program, dubbed Greening the Green, to educate consumers on soft plastic recovery. According to the most recent Australian Plastics Recycling Survey, less than 10 per cent of the 3.4 million tonnes of
PepsiCo partner with Clean Up Australia Read More »
Viva Energy Australia have committed to securing the future of their Geelong refinery and will invest more than $100 million for significant maintenance works. The company will take the major step of closing the 65-year-old refinery for up to two months during the works, termed the ‘Cracker Turnaround’ program. When complete, it will provide job
Viva Energy invest $100 million in Geelong refinery Read More »
Get your wallets ready, snack fiends, Doritos are back with a new range Flavour Shots. The ready-to-go snacks come in a handy 25g-45g size and feature bite-sized bursts of corn and nuts coated intensely coated in flavour. And are available in Cheese Supreme Flavoured mix (nuts), Mexicana Flavoured Corn Crunch and Flamin’ Hot Flavoured nuts
Doritos’ new snack range Read More »
The Australasian Association of Convenience Stores (AACS) are calling on police to take tougher action on criminals they say are targeting small businesses. The AACS said they have been contacted by a Victorian based service station operator who claims police have been “blasé” to their concerns, CEO Jeff Rogut said. The organisation are also calling
AACS call for tougher police action on C-store crime Read More »
