Food and Beverages

The best of this week's The Ticker

How Abbott is cutting more than red tape, two graphs on the NBN’s growth challenges and why comparison sites are Medibank’s next greatest threat.

Retail Food pays $163.5m for Gloria Jeans

Food franchiser enters purchase agreement with Gloria Jeans, revises FY15 NPAT guidance up to 36%.

Unilever posts fall in Q3 profit

by AFP
Dutch food and cosmetics giant hit by lower sales in China.

McDonald’s China challenge: rising competition

No longer the only Western chain in town, US fast-food chain struggles to keep up.

Analyst slashes CCA outlook

Retail analyst David Errington cuts earnings forecast by almost 25% on assessment of challenges ahead.

Heineken's profit falls in Q3

Brewing giant's result hit by lower European sales.

Aussie beef boost for China's soccer team

by AAP
Could Australian cows help end China's national embarrassment on the soccer field?

McDonald's Q3 earnings plunge 30%

Fast food giant hit hard by US, China woes; says challenges 'more formidable than expected'.

Coca Cola to cut costs, earnings fall in Q3

Beverage giant unveils broad cost-cutting plan, plans $US3 billion in annual savings.

FIRB clears Goodman Fielder takeover

Focus will now shift to China, where First Pacific/Wilmar's $1.9bn takeover offer needs approval.

Why the ACCC is hounding Coles

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With self-regulation on the horizon, the ACCC knows it may have limited time to show why it thinks the supermarket giants are treating suppliers too harshly.

Coles will be vindicated in ACCC action: McLeod

Former Coles boss Ian McLeod defends supermarket in face of fresh consumer watchdog allegations.

Cocoa industry fears Ebola

Global confectionery groups invest in prevention efforts.

SABMiller hit by weak Aust, China demand

Brewer sees volumes inch back in September quarter.

Yum’s China sales, earnings outlook weaken

Owner of KFC, Taco Bell cites food-safety scare for weak sales in China.

China’s Bright Food buys majority stake in Italian olive oil maker Salov

Extends deadline for acquiring Israeli dairy firm Tnuva to January 5.

Coopers puts up ‘not for sale’ sign

The family that controls Coopers Brewery has quietly changed the beer company’s century-old constitution.

Huon IPO tipped to reel in $455m

The founders of the country’s second-largest salmon producer, Huon Aquaculture, are expected to pocket up to $25 million in ­initial proceeds through the float of the business this month.

Salmon IPO to be priced at discount

Salmon producer Huon is likely to price its shares below bigger rival Tassal, as fund managers worry about planned spending.

Why Treasury Wine closed the lid on KKR and TPG

The price offered by the prospective bidders was just not full bottle, and there’s other opportunities that CEO Michael Clarke will want to explore.

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