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Food beverages
Coles Plans to Invest in Supply Chain: Is that To Match Up with Woolworths?
October 08, 2018 09:10 AM AEDT| By Team Kalkine MediaAfter Coles become the standalone company, it would be deploying the funds towards the supply chain so that it can match up the competencies of its competitor, Woolworths. On October 5, 2018, Coles state that it would be coming up with the two new au...
The a2 Milk Company Supports Share Sales And Otherwise Deals With Criticism For Sales Decline
October 08, 2018 05:46 AM AEDT| By Team Kalkine MediaThe a2 Milk Company Limited (ASX: A2M) has been dealing with the criticism of the sales decline lately. This criticism has been coming because of China?s new e-commerce law. Many views that the company?s top line is expected to get impacted by the Ch...
Adulteration Found In 18% Of The 38 Samples Of Australian Honey
October 04, 2018 06:48 AM AEST| By Team Kalkine MediaAustralia is the world?s fourth-largest exporter of honey and honey is the world?s third-most adulterated food. The recent study by Macquarie University scientists?revealed that adulteration was found in almost one in five samples of local honey. The...
Collins Foods’ Shares Zoom Up – Fast Food Group Announces Roll Out Of More Taco Bell Restaurants
October 04, 2018 04:36 AM AEST| By Team Kalkine MediaOn 4 October 2018, Collins Foods Limited (ASX: CKF) announced that the company has entered into a Development Agreement with Taco Bell (a subsidiary of Yum! Brands Inc.) that will govern the roll-out of more than 50 new Taco Bell restaurants across d...
All You Should Know About Coles Demerger From Wesfarmers
October 03, 2018 05:23 AM AEST| By Team Kalkine MediaWesfarmers Limited (ASX: WES), the parent company of Coles, plans to de-merge with its subsidiary (Coles) and allow Coles to trade on ASX as a separate public company. Further, WES announced an update on Coles demerger wherein Wesfarmers' shareholder...
What is cooking up with Coca-Cola Amatil Limited (ASX: CCL)?
September 27, 2018 09:10 AM AEST| By Team Kalkine MediaCoca-Cola Amatil Limited (ASX: CCL) witnessed its shares advancing by 2.2 per cent to $9.78 on September 27, 2018 as there is a speculation that is doing the rounds in the market that CCL may be a leading bidder for buying Lion Dairy & Drinks, wh...
Retail Food Group Limited (ASX: RFG) - Chairman Mr Colin Archer Steps Down
September 25, 2018 09:46 AM AEST| By Team Kalkine MediaRetail Food Group?s chairman Mr Colin Archer has been announced to step down from the role of Director and Chairman of the Board with an immediate effect from today, 25 September 2018. The retirement of Mr Archer comes a month later than the franchis...
Tegel Group Holdings Indicated for Approval from Overseas Investment Office on Bounty’s Takeover Offer
September 24, 2018 08:03 AM AEST| By Team Kalkine MediaOn May 28, 2018, Bounty Holdings New Zealand Limited initiated the takeover offer. This offer was for Tegel Group Holdings. However, on September 24, 2018, Tegel Holdings issued a press release which stated that the approval has been given from Overs...
Synlait Milk Limited’s (ASX: SM1) Stock Plunged On ASX Despite The Positive FY18 Earnings
September 20, 2018 06:57 AM AEST| By Team Kalkine MediaOn 19 September 2018, Synlait Milk Limited (ASX: SM1) announced its annual result for FY2018 for the year-end 31 July 2018. The company?s earned revenue of $879 million which is around $120.0 million higher than previous year revenue of $758.994 mill...
Latest with these Supermarket Giants - Woolworths and Coles raise the milk prices
September 20, 2018 06:30 AM AEST| By Team Kalkine MediaLifting the price of milk to help farmers: Woolworths Group Ltd (ASX: WOW) has made the decision to raise the price of house brand three-litre milk by 30? to $3.30 at all stores nationwide to support the drought stricken dairy farmers. The levy of 3...
Bega Cheese’s share price plunged despite adding 27.8 million new shares to the registry
September 12, 2018 05:52 AM AEST| By Team Kalkine MediaBega Cheese share price has drastically fallen on ASX today. Following the trading halt placed on 10 September 2018 as Bega Cheese?s stock resumed trading this morning, BGA share price tumbled notably lower. Currently, i.e. 12 September 2018 (2:31 PM...
Woolworths hit with $100 million payout to aggrieved shareholders
September 11, 2018 09:15 AM AEST| By Team Kalkine MediaWoolworths Group Limited (ASX:WOW) is slammed with $100 million class action on the allegation that supermarket giant has failed to disclose a shock profit downgrade to its profit outlook in 2015 that has seen plunge in the value of the shareholder?s...
FOD announces distribution proposal and investment deal with Careline Australia
September 11, 2018 05:10 AM AEST| By Team Kalkine MediaThe Food Revolution Group has proposed strategic distribution agreement with health and skin care products exporter Careline Australia Pty Ltd to distribute FOD products in China, targeting additional sales of at least $20 million per annum within tw...
Amid drought conditions GrainCorp lifted its FY18 earnings guidance
September 10, 2018 10:12 AM AEST| By Team Kalkine MediaAustralian agribusiness company Graincorp Limited (ASX:GNC) lifted its earnings guidance for the year ended 30 September 2018. Amid severe drought conditions in New South Wales and Queensland, the company has elevated its FY18 earnings guidance with...
Capilano’s ‘Pure Honey’ accused to be fake
September 04, 2018 12:52 PM AEST| By Team Kalkine MediaAustralia?s biggest honey producer Capilano Honey Limited (ASX: CZZ) gains traction after getting accused of selling fake honey. Recently conducted honey purity tests revealed that the Capilano?s honey which is claimed to be 100% pure is mixed with s...
New Chinese e-commerce law says hello to A2M
September 03, 2018 09:03 AM AEST| By Team Kalkine MediaThe A2 Milk company (ASX:A2M) today released the statement on new e-commerce law introduced by Chinese government. Late on 31 August 2018, the legislative body of the Government of China passed new e-commerce law in China, effective from 1 January 20...
Freedom Food’s stock soar on higher profit
September 03, 2018 04:07 AM AEST| By Team Kalkine MediaFreedom Food?s FY18 statutory net profit increased 68.7% to $12.7 million on the launch of 70 new product formats including A2 protein milk variants. Annual net sales increased to $353 million, up 34.5% on FY17, in which dairy segment has been the pr...
Retail Food Group Limited (ASX: RFG)- Retail Food Group hit $306.7 million loss
August 31, 2018 07:07 AM AEST| By Team Kalkine MediaFood Franchisor Retail Food Group plunged to $306.7 million loss in financial year 2018 after booking $402.9 million expenses in relation to stores closure, restructuring costs and impairment of assets. The operator of Gloria Jean?s and Donut King f...
Marley Spoon AG (ASX: MMM) - Marley Spoon’s interim financial result on track to meet prospectus forecast
August 29, 2018 10:08 AM AEST| By Team Kalkine MediaRecently listed on ASX, Marley Spoon AG (ASX: MMM) has today announced financial results for the first half year ended 30 June 2018. Consolidated interim revenue has gone up 99% on the prior corresponding period to ?39.5 million, excluding the impact...
Bellamy’s Australia Limited runs on ASX after achieving FY18 guidance
August 29, 2018 05:35 AM AEST| By Team Kalkine MediaBellamy?s (ASX: BAL) today announced full year results for the period ended 30 June 2018, posting 37% increase in sales and 65% growth in normalized EBITDA for FY18. Revenue has increased from $240.2 million in FY17 to $320.0 million in fiscal 2018 e...
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