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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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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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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Murray Goulburn takes home $40 million net profit despite farmer crisis

Murray Goulburn dairy co-operative, owner of the Devondale brand, has achieved a net profit after tax of $40.6 million despite a tough year for the co-operative. The group achieved...

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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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Metcash expected to finalise acquisition of Home Timber and Hardware

Independent supermarket wholesale group, Metcash, is expected to finalise its acquisition of Woolworths’ Home Timber and Hardware by the end of this week. One Wednesday 24 August...

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Philippines
Snack Brands acquired by Philippines food and beverage giant

Snack Brands, the owner of CC’s, Cheezels and numerous other chip brands, has been acquired by Philippines consumer food and beverage company, Universal Robina Corporation (URC). URC...

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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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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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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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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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