Australian government has withdrawn its plan to cut $500m funding to domestic auto industry proposed under Automotive Transformation Scheme (ATS) scheme. The funding cuts were announced last year, but it failed to get Senate approval. ...
Australia based private equity investment firm Pacific Equity Partners (PEP) has agreed to acquire Kerry Pinnacle, the Australian subsidiary of British baked goods firm Kerry Group. Reuters reported citing a person with knowledge of ...
Tags: baked goods, Kerry Group
The Australian Foreign Investment Review Board (FIRB) has approved $1.13bn bid by JBS USA to acquire Australian Consolidated Food Holdings (Primo), said treasurer Joe Hockey. With this approval, US subsidiary of the Brazilian meat ...
Tags: meat processing, Pork
The latest data from the Australian Industry Group (AIG) Australian Performance of Manufacturing Index (PMI) indicates that Australia's manufacturing sector has contracted for the third month in a row, and that subdued domestic demand is ...
The Australian Government has granted Australia Post its desired radical service delivery reforms, most importantly a two-speed letter delivery service and possible price increases. Australia Post is facing significant structural decline ...
Freedom Foods has reported a Net profit of $55.2 million for the first half of the 2015 financial year. However, the Net Profit figure was boosted by the inclusion of a post-tax fair value gain of $52.2 million from the gain on ...
Tags: Freedom Foods, Agriculture
Australian wholesaler and distributor of groceries Metcash is attempting to stem recent losses in its Liquor division, entering into an agreement in late February 2015 to purchase Southern Independent Liquor Group (SILG), which trades under ...
Tags: Liquor Sales, Food
Anti smoking groups in New Zealand are lobbying with the government to speed up the procedure for passing plain tobacco packaging legislation. Last week, Ireland successfully passed the plain tobacco packaging legislation, becoming the ...
Tags: Tobacco, Plain Packaging
Global confectionery company Nestle has announced it will remove artificial flavours and FDA-certified colours, such as Red 40 and Yellow 5, from all of its chocolate confectionery products in the US by the end of 2015. Nestle USA said ...
Traditional preserves brand Anathoth Farm has launched a new Sweet Chilli Relish in Australia. Anathoth Farm is based in Geraldine in New Zealand and produces a range of farm-made jams, curds and relishes, which are sold in Coles ...
Tags: Sweet Chilli Relish, jams
In the wake of the hepatitis A outbreak in Australia, the government has supported plans for the introduction of country-of-origin labeling. Australian Prime Minister Tony Abbott had asked his cabinet members to draft a legislation ...
Australia's meat pie producing company Patties Foods has decided to scrap its interim dividend following the frozen berries recall due to potential microbiological contamination. The company recalled contaminated products earlier this ...
Tags: Patties Foods, Frozen Berries
Australian drinks company Coca-Cola Amatil Ltd’s underlying profit declined by a quarter (25.3%) to AUD375.5m ($292.8m) in the 12 months ending December due to drop in volumes of soft drinks. The firm's core brands saw dip in sales ...
Victorian company Patties Foods has expanded its recall of more frozen berry products due to a possible hepatitis A contamination, with at least five people having contracted the infection already. Following the food scare, farmers in ...
Tags: Patties Foods, Packaging
In 2014 the Queensland Department of Industry announced the launch of the new 'Industry Skills Fund'. Commencing from 19 January 2015, the $476 million 'Industry Skills Fund' assists Australian businesses to invest in training and support ...
Tags: Logistics