The ACCC has given the green light for Chinese company Mengniu Dairy to take over Lion Dairy and Drinks. The consumer watchdog announced this morning it would not oppose the acquisition, which would include LD&D’s Australian raw milk processing facilities in Chelsea and Morwell, Victoria. A spokesperson for Lion told C&I they welcomed the decision. […]
ACCC give green light for Mengniu/Lion deal Read More »
The bidding war for Caltex is gaining steam, with UK based EG Group submitting a long-anticipated bid for the company. It comes just days after Caltex announced they had granted EG’s Canadian rival Couche-Tard due diligence following their third and final $8.8 billion bid for the company. EG’s bid is split as $3.9 billion in
Bidding war for Caltex ramps up Read More »
A Victorian company has made a timely expansion from bottling juice to hand sanitiser. The Food Revolution Group (FOD), who acquired The Original Juice Co brand from Golden Circle last year, are diversifying their line into alcohol based hand sanitiser, which is experiencing an unprecedented consumer demand amid global panic over the COVID-19 outbreak. Managing
Juice company’s timely move into hand sanitiser Read More »
Adelaide customers could be living the shopping dream, with Woolworths lodging plans for a new drive-through service. The supermarket retailer lodged a development application with Charles Sturt Council to build a dedicated area in the car park of the Armada Arndale shopping centre in Kilkenny for pre-orders. Customers who use the store’s click-and-collect service would
Woolworths expand Adelaide drive-through service Read More »
Wesfarmers are set to sell off a 4.9% stake in Coles Group. The sale would net the West Australian based company $1.05 billion, and equate to $16.08 per share. The sale is expected to be finalised tomorrow and Wesfarmers have stated they anticipate a (pre-tax) profit of $160 million. They will continue to hold a
Wesfarmers Coles sell-off Read More »
Australia needs to begin planning for the future of electric cars, according to the Australian Energy Market Commission. In an issues paper released today, the commission states Australia has an opportunity to plan ahead to best utilise the technology and calls on industry stakeholders to provide feedback on the current market, so they can better
Australia urged to plan for increase in electric cars Read More »
An inquiry into the hotly debated roll-out of 5G mobile technology in Australia has kicked off this week. As part of the agenda, both small and large businesses and start ups will have the opportunity to make their case for the controversial technology. The inquiry launched yesterday with a hearing in Perth and continues in
Inquiry into 5G begins Read More »
Australia’s Olympic and Paralympic teams are set for an even sweeter games this year, with Cadbury signing on as partner for Tokyo 2020. It will be the third time Cadbury has been the official chocolate partner for the Olympics team and the second for the Paralympics team. The chocolate brand will ramp up celebrations from
Cadbury partner with Aussie teams for Tokyo 2020 Read More »
Forget chips, Smith’s have given us a new way to enjoy potato snacks. Their latest creation, Poppables, are bite-sized discs that are light, airy and crispy. They’re available in two flavours, Sweet Chilli and Sour Cream and Cheddar Cheese and are available in Coles now and will be stocked in Woolworths, Independent supermarkets and petrol/convenience
The latest snack from Smith’s Read More »
Caltex have agreed to allow Alimentation Couche-Tard (ATD) to undertake ‘due diligence’ as it weighs up the Canadian giant’s final takeover bid. C&I reported last week ATD had placed a final bid of $8.8 billion. The latest move, reported by Reuters, was outlined in a statement from the board to shareholders yesterday stating it was
Caltex to grant Couche-Tard ‘due diligence’ Read More »
Coles are the latest company to find themselves embroiled in an underpayment scandal. The supermarket giant was found to have underpaid both supermarket and liquor (salaried) managers by up to $20 million over a six year period. The error was announced in the retailer’s 2020 half-yearly results, released this morning, in which they stated their
Coles underpay staff by $20 million Read More »
The proposed $15 billion merger of Vodafone and TPG has been given the green light by the Federal Court, stating they did not consider it would lessen competition. Vodafone welcomed the decision, with VHA chief executive officer Iñaki Berroeta saying it would allow for ‘greater investment’ in 5G and other next generation networks. “It’s been
TPG-Vodafone merger given green light Read More »
There’s even more chances to fix your late night snack cravings or save tomorrow’s breakfast – and you don’t even have to leave the couch. BP Australia have expanded their Couchfood home delivery service to 120 stores after partnering with Deliveroo. Launched last year (initially available through UberEats), the on-demand service allows customers to order
Why more of us will order milk from the couch Read More »
