Wesfarmers 2016 profit drop but Coles remains strong

Parent company of Coles supermarkets, Wesfarmers, has announced its 2016 financial year results. For the 12 months ended 30 June 2016, Wesfarmers achieved a net profit of AUD $407 million, a fall of 83 per cent on  its 2015 financial year when the group achieved a AUD $2.44 billion net profit. The fall in profits has mostly...

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Chinese demand for infant formula triples Bellamy’s profits

Bellamy’s Organic has more than tripled its 2016 financial results thanks to strong domestic and international demand for its products, especially from China. The Tasmanian-based...

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Patties Foods profits improve after Creative Gourmet sale

Patties Foods, the owner of Four’N Twenty Pies, has increased its profits after selling its Creative Gourmet division at the end of the 2015 calendar year. For the 12 months...

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Government calls for food import controls reform package feedback

The Department of Agriculture and Water Resources is calling for feedback from interested parties on proposed changes to the way food is imported into Australia. The department...

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Dairy Cows
A2 Milk Company and Synlait enter into new infant formula deal

The A2 Milk Company and Synlait Milk have entered into a new five-year arrangement for the supply of a2 Platinum infant formula. Synlait has been supplying the infant formula for...

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Chocolate
Cadbury is Australia’s favourite chocolate brand, Roy Morgan Research

New data from Roy Morgan Research has shown that Cadbury is, by far, Australia’s favourite chocolate brand. Ten of the country’s 15 most widely consumed chocolate bars are...

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Fishing
Australian seafood industry depends on exports, IBISWorld

New research from IBISWorld has found Australia’s fishing and seafood processing industries are becoming increasingly dependent on lucrative overseas markets. According to IBISWorld’s...

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Vegetarianism on the rise in Australia, Roy Morgan Research

More Australians are deciding to follow a vegetarian diet says a new report from Roy Morgan Research. According to the report, between 2012 and 2016, the number of Australian adults...

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Microbiota in young children connected to overcoming milk allergy

A team of US scientists have discovered children who have certain levels of microorganisms in their stomach are likely to overcome childhood milk allergy. Published in Volume 138,...

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WA to establish container deposit scheme

Western Australia will be establishing its own container deposit scheme, offering 10c per plastic drink container returned for recycling. The refund will be issued through ‘reverse...

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Baskin-Robbins Australia appoints new General Manager

Baskin-Robbins Australia has appointed a new General Manager. Replacing David Jordan who has occupied the role since February 2014, Ben Flintoff will now take up the position. Ben...

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