Author name: Naomi White

Sweet success for ISM

Organisers of ISM, the international sweets and snacks trade show, have announced that more than 37,000 trade visitors attended the four-day event in Cologne, Germany. Visitors from 148 countries attended ISM, while exhibitor numbers jumped 7.5% to 1,774, from 76 countries. This was the 50th edition of ISM, which, once again, highlighted its importance to

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Couche-Tard make final Caltex bid

Canadian conglomerate Couche-Tard have put forward their final bid for Caltex. Caltex confirmed this morning they had received the revised bid from Alimentation Couche-Tard (ATD) to acquire all shares at a price of A$35.25 per share (less dividends). The deal is estimated to be worth $8.8 billion. The higher bid follows Caltex sharing non-public information

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ATO and NSW Police bust another illegal tobacco operation

Another illegal tobacco operation has been shut down. Officers from NSW Police and Australian Taxation Office discovered the 10.3 tonne haul near Goulburn last week. The operation included a hothouse and three kilns on site – one which was in the process of drying tobacco during the search, as well as four acres of tobacco

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Australia’s first Superspar store opens

The first Superspar store is now open on the Gold Coast. Spar Australia officially opened the larger format store – known in Europe as Eurospar, in Crestwood Plaze, Molendinar earlier this year. The larger format store is catered towards families and features both an expanded range of stock across fresh food, groceries, non-foods and also

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Coronavirus containment measures hit global fuel prices

As the economic fall out from the Coronavirus outbreak continues, resulting travel restrictions and drops in global demand for fuel are driving down fuel prices. The Organisation of the Petroleum Exporting Countries (OPEC) price per barrel sat at US$55.51 on Monday, down from $58.94 on January 31. While financial media company Bloomberg reported Citigroup have

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AACS back calls for least-cost routing

The Australasian Association of Convenience Stores (AACS) have backed calls from major retail associations for the Reserve Bank to mandate least-cost routing for merchants. C&I Magazine reported last week that ACAPMA, ARA, COSBOA and MGA had formed the Fairer Merchant Fees Alliance to push for the RBA to reduce merchant fees for ‘tap and go’

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