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Food delivery apps used by more than two million Australians aged 14+ according to Roy Morgan

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New research from Roy Morgan shows nearly 2 million Australians aged 14+ (9.8%) now use Uber Eats, Menulog/Eatnow.com.au, Deliveroo or one of the many other meal delivery services in an average three months. The...

Woolworths wins with food and online in third quarter financial results

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Woolworths says its online Australian food sales “continue to grow strongly” and increased by 30 per cent in its third quarter 2018 financial results when compared to its third quarter 2017 results. The...

Fonterra CEO to step down

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Fonterra’s Chief Executive Officer Theo Spierings will be stepping down from the top position later in 2018. The news comes several hours after Fonterra dairy co-operative announced its half yearly financial...

Would you buy shares in the ‘New Coles’?

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It is no great surprise to me that Westfarmers are spinning off the Coles supermarket business, and associated liquor and variety businesses. It also makes sense that they are keeping Officeworks and Bunnings,...

RFG to close up to 200 stores after profits fall

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Retail Food Group will close 160-200 of its Australian quick service food outlets, attributing the closures largely to costly rent and declining shopping centre performance. The news came as part of Retail...

A2 Milk Company and Fonterra enter into strategic alliance

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The A2 Milk Company and Fonterra have entered into a strategic relationship that will see the two companies join forces for a number of key supply, distribution, sales and marketing arrangements. News...

Bellamy’s upgrades its revenue guidance

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Bellamy’s has upgraded its revenue and profit guidance for its 2018 financial year. The infant nutrition producer said based on its financial results for the first half of its 2018 financial year, it...

Metcash feels the effects Aldi’s expansion into SA and WA

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Independent grocery wholesaler Metcash is feeling the effects of Aldi’s expansion into South Australia and Western Australia. In announcing its 2018 half-year financial results, Metcash’s food pillar...

RFG narrowly misses revised forecasted net FY17 profit

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The Retail Food Group has just missed its revised forecasted net profit for its 2017 financial year. The Retail Food Group (RFG) is responsible for a large number of quick service restaurants in Australia...

Woolworths wins with $1.5 billion FY17 profit

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The Woolworths Group has reported a $1.5 billion profit for its 2017 financial year. The result is a significant turnaround on the group’s AUD $1.2 billion reported loss for its 2016 financial year when...