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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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
Coronavirus containment measures hit global fuel prices Read More »
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’
AACS back calls for least-cost routing Read More »
Victoria is set to introduce a cash for recycling scheme, the last state or territory in Australia to have established, or committed to establishing, one. The scheme will encourage people to recycle cans, bottles and other recyclable containers at designated drop off sites, to earn a cash refund. If Victoria follows other states such as
Victoria to introduce cash for recycling scheme Read More »
Your block of Cadbury just got better, thanks to their new sustainable packaging. The world-first design, developed in Cadbury’s Claremont factory in Hobart, is made from 100% sustainably sourced paper, is recyclable and is free from laminates, foil or plastics and features fully sealed flow-wrap packaging. A small run of the blocks has been
Cadbury trial paper packaging Read More »
Diary giant Lactalis Australia have announced they will be closing their Pauls factory in Rockhampton, citing a change in local milk supply. Lactalis, who own Pauls, declined to comment on the decision, which affects 47 employees at the factory. However in a statement issued yesterday, they said the factory had not been operating at full
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Forget wasting valuable travel time buying a local or roaming SIM or searching for WiFi and avoid being hit with unexpected fees with Vodafone. Vodafone Prepaid customers heading overseas can now scroll with confidence thanks to their $5 a day Roaming Add-on to help savour, capture and share their fantastic experiences. And for customers
Vodafone Prepaid $5 Roaming is Back! Read More »
There has been another twist in the shock exit of German retailer Kaufland from Australia. After announcing last week they would make an “orderly” withdrawal from Australia – before a single of their initial 20 planned stores had opened, it has been revealed the Australian Competition and Consumer Commission are investigating claims of a consortium
ACCC investigate Kaufland exit Read More »
The Australasian Association of Convenience Stores has called on the government to enact stronger legislation to protect convenience stores in the wake of recent violent robberies. The call, issued by AACS CEO Jeff Rogut this morning, follows reports of a violent armed robbery in Glen Waverely, Melbourne on Friday. During the robbery, a man and
AACS call for government protection for c-stores Read More »
For many, it’s not Easter until you’ve had a Creme Egg – and this year there’s a new way to indulge in the treat. Cadbury have joined forces with ice cream brand Peter’s to bring the limited edition festive flavour to the ice cream aisle. The ice creams, which feature a creme egg centre wrapped
New Creme Egg a frozen delight Read More »
Ferrero have been named first in the World Wildlife Fund’s Palm Oil Buyer’s Scorecard. The company achieved a near-perfect score of 21.5 out of 22, taking out the top ranking of the 173 companies assessed. The scorecard evaluates major retailers, consumer goods manufacturers and food service companies (including a diverse range from L’Oreal to McDonald’s
WWF rank Ferrero first for sustainability Read More »
Nestle are going green, announcing a further investment in sustainable packaging. Following a commitment pledged in 2018 to have all their packaging be recyclable or reusable by 2025, the company have announced an investment of CHF 2 billion to shift away from virgin plastic and work towards developing sustainable alternatives. They are also planning to
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Caltex and Woolworths have opened the first of three co-created stores aimed at delivering fresh convenience at the service station. The 24-hour Caltex Woolworths Metro in North Ryde, NSW, is owned and operated by the fuel giant but utilises Woolworths’ expertise in convenience foods and groceries. The new store format, to be owned and operated
Caltex and Woolworths launch fresh convenience offer Read More »
