Food and Beverages

Chinese emerge as key MG investors

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A Chinese government-owned company has emerged with nearly 5 per cent of Australia’s largest dairy company Murray Goulburn.

Murray Goulburn rallies on debut

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Australia’s biggest dairy company closes at $2.24 on ASX debut, against $2.10 issue.

Winners and losers in retail

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Investors keen on retail stocks should take a close look at the fundamentals driving different segments of the sector.

Kraft sale to Heinz approved

by AFP
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Shareholders approve sale to HJ Heinz, creating one of world's largest food companies.

Tassal finalises De Costi deal

by AAP
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Salmon farmer will pay $50m up front to family-owned De Costi Seafoods.

Murray Goulburn pricing set

Murray Goulburn will list on the stock exchange next month after it raised $450m from ­investors.

Costa chases big foreign investor

Costa Group confident offshore investor interest will shore up its near $1bn float.

Sizzler drags Collins Foods to FY loss

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Franchised restaurant operator swings sharply to annual loss, despite strong revenues.

Jury split on Murray Goulburn IPO

Opinion remains divided over Murray Goulburn’s $500m float ahead of bookbuild.

ASX forces a2 Milk to reveal bidder

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Dairy company confirms US-listed Dean Foods as takeover suitor, after exchange inquiry.

Diageo Australia head jumps to GWA

by AAP
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Tim Salt to join bathroom fixtures group after seven years leading the spirits and beer giant.

Aldi hits back on tax questions

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Secretive German retailer comes out swinging against insinuations it may be ducking its local tax liabilities.

Costa Group IPO likely to raise $600m

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Australia’s biggest fruit and vegetable grower is expected to offer about 60% of its shares to new investors.

Shakespeare's words of wisdom for Woolworths

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Grant O'Brien is now a crippled CEO who must implement a set of changes knowing his successor may reverse them. Perhaps the board should take another look at Macbeth.

Moody's lowers Woolworths' outlook

by AAP
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Ratings agency says comparable store sales will likely remain volatile over next 12-to-18 months.

Aldi signs up to grocery code

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Aldi has become the first big supermarket chain to formally sign the Food and Grocery Code between suppliers and retailers.

Metcash motors ahead on a tough road

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Metcash's auto unit sale will de-risk its balance sheet, but the turnaround strategy for its core food and grocery division remains a work in progress.

Housing boom boosts retailers

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Woolworths boss Grant O'Brien says soaring housing values are feeding into positive consumer confidence.

Costa IPO was Frank's last resort

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Costa Group patriarch admits float was not preferred outcome, wanted a trade sale.

CCA extends Beam Suntory deal

by AAP
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Coca-Cola Amatil signs extended 10-year deal to sell and distribute spirits portfolio in Australia.

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