Today
Treasury Wine scraps sale of Wolf Blass, Lindemans
Business is tough in Australia’s under-$10 per bottle wine market, with Penfolds owner Treasury Wine unable to find a buyer for its four big affordable brands.
- Updated
Yesterday
Billionaire family backs Vitura’s purchase of medicinal cannabis firm
The ASX-listed company will acquire Candor Medical, a telehealth consultations provider, with the backing of wealthy businessman Charlie Shahin.
This Month
Boral earnings bonanza lifts Stokes family’s SGH to bumper payout
The industrial conglomerate will reward shareholders after a rise in Boral profits. It took the massive building supplies business off the ASX in July.
Ansell to raise prices to offset US tariffs on China
Shares climb after the company lifts its interim dividend by 34.5 per cent and announces a 184 per cent surge in net profit to $US55 million.
PM to go head-to-head with Trump on tariff threat
Australian exports to the US could be hit by taxes after the American president announced a duty on metals coming in from every other nation.
- Updated
Gupta’s woes spread to Tahmoor coal mine as hundreds stood down
The operation south of Sydney will be idle for around a month because of a failure of the company to pay bills for vital supplies.
- Updated
- Food & drink
Domino’s to shutter hundreds of stores as new CEO swings the axe
Mark van Dyck says it will be the last round of large-scale store closures in a pullback on ambitious expansion plans.
- Updated
States reject ratings warning on debt
NSW Treasurer Daniel Mookhey is returning from a US mission to keep debt costs down, but S&P warns Australian states’ credit ratings are at risk of downgrade.
EVs can’t shake sceptical motorists despite steep price falls
Electric vehicles are at their lowest proportion of new cars sales in more than two years as buyers show growing concerns about resale values and repairs.
Private equity-owned Oceania Glass goes bust after 169 years
Australia’s only maker of specialist glass, whose products were used in Canberra’s Parliament House, could not compete with cheap Chinese imports.
- Updated
- Trade
Trump tariffs hit ASX as Australian businesses assess costly fallout
Shares in export-oriented companies from healthcare to retail crashed as the US president vowed to expand his trade restrictions to other industries.
- Updated
Dairy business left behind in SPC remake goes bust
Administrators Aston Chace Group are trying to sell Nepean River Dairy and a 60-million-litre processing plant in Sydney’s Winston Hills.
January
Lorna Jane doubles profits as athleisure boom refuses to fade
But the Brisbane-based activewear brand faces intense competition from big rivals like Lululemon and cheaper retailers such as Target.
The beer company that quit the ASX and never looked back
Australia’s fourth-largest beer group, Good Drinks Australia, chose to delist after it felt the sharemarket wasn’t giving it a good deal.
- Exclusive
- Federal budget
Stalled EV tax threatens budget black hole
Officials designing a replacement tax to accommodate a rise in electric cars say the process has stalled. Dealers are also worried about new emissions rules.
Maggie Beer ponders how to save an empire built on verjuice
The food producer named after the country’s best-known cook has had a dismal two years. Will chairwoman Sue Thomas’ turnaround plan save the iconic brand?
Coopers Brewery appoints its first non-Cooper boss
Tim Cooper says drinkers are tiring of paying $17 for a pint of craft beer, and sales are rising at Coopers as people return to better-value mainstream beers.
Amcor pounced on Berry merger after ‘Party A’ walked away, filings show
The all-scrip, $13 billion deal to merge with the New York-listed packaging group will create a company with 400 plants and 75,000 staff worldwide.
Gupta’s unpaid bills mount up despite Whyalla steel restart
Five suppliers to Sanjeev Gupta’s Whyalla steelworks and nearby mines have lodged fresh notices of defaults for a combined $650,000.
December 2024
Coca-Cola buys collapsed Billson’s ready-to-drink spirits unit
The NYSE-listed soft drink giant has acquired the business from the administrator, with the Cowan family to retain the smaller cordials and soda operations.