Food and Beverages

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

4 comments
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.

Coles in three-year bread ad ban

by AAP
Federal court orders Coles to display notice that it broke consumer law, bans 'fresh' bread ads.

Treasury Wine ends takeover talks

Shareholders dismiss bids saying they undervalue the company, shares slide 15%

Wesfarmers must renew its conglomerate licence

9 comments
At a time when companies are under pressure to demerge and focus on their cores, investors have allowed Wesfarmers to remain a conglomerate. It needs to diversify very soon to stay that way.

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