The ACCC has given the green light for Chinese company Mengniu Dairy to take over Lion Dairy and Drinks. The consumer watchdog announced this morning it would not oppose the acquisition, which would include LD&D’s Australian raw milk processing facilities in Chelsea and Morwell, Victoria. A spokesperson for Lion told C&I they welcomed the decision. […]
ACCC give green light for Mengniu/Lion deal Read More »
The bidding war for Caltex is gaining steam, with UK based EG Group submitting a long-anticipated bid for the company. It comes just days after Caltex announced they had granted EG’s Canadian rival Couche-Tard due diligence following their third and final $8.8 billion bid for the company. EG’s bid is split as $3.9 billion in
Bidding war for Caltex ramps up Read More »
A Victorian company has made a timely expansion from bottling juice to hand sanitiser. The Food Revolution Group (FOD), who acquired The Original Juice Co brand from Golden Circle last year, are diversifying their line into alcohol based hand sanitiser, which is experiencing an unprecedented consumer demand amid global panic over the COVID-19 outbreak. Managing
Juice company’s timely move into hand sanitiser Read More »
Australia needs to begin planning for the future of electric cars, according to the Australian Energy Market Commission. In an issues paper released today, the commission states Australia has an opportunity to plan ahead to best utilise the technology and calls on industry stakeholders to provide feedback on the current market, so they can better
Australia urged to plan for increase in electric cars Read More »
An inquiry into the hotly debated roll-out of 5G mobile technology in Australia has kicked off this week. As part of the agenda, both small and large businesses and start ups will have the opportunity to make their case for the controversial technology. The inquiry launched yesterday with a hearing in Perth and continues in
Inquiry into 5G begins Read More »
Coles are the latest company to find themselves embroiled in an underpayment scandal. The supermarket giant was found to have underpaid both supermarket and liquor (salaried) managers by up to $20 million over a six year period. The error was announced in the retailer’s 2020 half-yearly results, released this morning, in which they stated their
Coles underpay staff by $20 million Read More »
Shell are the latest fuel giant to look to greener energy sources, announcing plans to build an industrial-scale solar farm in central Queensland. The farm, near Wandoan in the Western Downs Region, will have feature 400,000 photovoltaic panels with the capacity to generate 120Mw of solar power. It’s expected to be up and running by
Shell move into solar power Read More »
BP Australia have set an ambitious energy target, pledging to become a net zero company within 30 years. The company, who have also committed to more transparency, have stated their annual global greenhouse gas emissions at 55 million tonnes of CO2 equivalent (MteCO2e) and the oil and gas carbon as 360 MteCO2e. Among the measures
BP’s ambitious energy target Read More »
Organisers of ISM, the international sweets and snacks trade show, have announced that more than 37,000 trade visitors attended the four-day event in Cologne, Germany. Visitors from 148 countries attended ISM, while exhibitor numbers jumped 7.5% to 1,774, from 76 countries. This was the 50th edition of ISM, which, once again, highlighted its importance to
Sweet success for ISM Read More »
Canadian conglomerate Couche-Tard have put forward their final bid for Caltex. Caltex confirmed this morning they had received the revised bid from Alimentation Couche-Tard (ATD) to acquire all shares at a price of A$35.25 per share (less dividends). The deal is estimated to be worth $8.8 billion. The higher bid follows Caltex sharing non-public information
Couche-Tard make final Caltex bid Read More »
Another illegal tobacco operation has been shut down. Officers from NSW Police and Australian Taxation Office discovered the 10.3 tonne haul near Goulburn last week. The operation included a hothouse and three kilns on site – one which was in the process of drying tobacco during the search, as well as four acres of tobacco
ATO and NSW Police bust another illegal tobacco operation Read More »
The UK has pledged to ban the sale of all petrol, diesel and hybrid cars within 15 years – five years ahead of their initial 2040 deadline. The shorter timeline was announced by Prime Minister Boris Johnson ahead of the launch for the 2020 UN Climate Change Conference (COP26), to be held in November. And
Britain to ban petrol cars within 15 years Read More »
There’s nothing sour about this news: Sour Patch kids have a new flavour in the family. The character shaped gummy lollies with the sour-sugar coating are now available in Cola. Described by Mondelez as ‘always livening up the moment with lovable mischief’, the flavour delivers “a delicious mouth-watering candy and a new flavour and taste
New flavour for Sour Patch Kids Read More »
