ASX Announcements
Leave to Appeal sought by Fonterra
Legal Proceedings
Market Sensitive
Bega Group continues with site optimisation & consolidation
Company Administration - Other
Fonterra Legal Proceedings Case Dismissed
Legal Proceedings
Becoming a substantial holder
Change of Director's Interest Notice - Patria Mann
Change of Director’s Interest Notice
May
Farmers fear Coles, Woolworths-style duopoly in Elders’ $475m buyout
Small groups are readying to buy stores if the ACCC orders divestments in a ruling due May 29 on a merger between the No.2 and No.3 companies in rural supplies.
Forrests’ Tattarang backs Bega Cheese bid for $4b Fonterra spin-off
The billionaire family’s investment vehicle says it supported the ASX-listed dairy company’s growth ambitions and interest in the NZ-based business.
April
Fonterra warns uncertainty over Bega brand ‘could kill’ $4b spin-off
The New Zealand co-operative has failed in its push to have the divestment of its consumer products division declared not to be a change of control transaction.
Fonterra’s $4b Mainland spin-off leaves Bega with a sour taste
The New Zealand farmers co-operative has high hopes for its consumer business auction. But a legal stoush has made it hard for an obvious suitor.
September 2024
Do you know this week’s news? Answer these 10 questions
Have you been paying attention this week? Test your knowledge across politics, business and world news.
Yoghurt sales close on fresh milk amid health kick, helping Bega
The country’s largest producer added $700 million to its market capitalisation this year, as new high-protein and low-sugar products send sales soaring.
August 2024
New ageing minister held ageing stocks
Anthony Albanese’s addition to the Ministerial Code of Conduct has caused problems for a raft of his ministers.
December 2023
Fonterra’s local margins shrink as dairy cow scarcity grows
But the trans-Tasman company behind Western Star butter and Mainland cheese increased overall profits as demand from China improved.
October 2023
My best career advice: develop good manners
It was Bega Group chairman Barry Irvin’s mum who gave him what turned out to be the best career advice he has ever been given.
Bega trumpets Vegemite revival but milk shortage sinks shares
Shares in the owner of Dairy Farmers, Pura and the famous Aussie spread have halved in two years, but the chairman says it is on the right path.
June 2023
Bega says shrinking pool of cows to keep milk prices high
The amount of fresh milk produced on dairy farms in Australia has shrunk by 9 per cent in two years, adding to upward pressure on prices.
May 2023
Toohey’s parent Lion joins Treasury in slashing jobs
The name behind Toohey’s, Little Creatures Brewing and XXXX beer brands is reducing jobs following a review of the business.
April 2023
What Coles’ deal to buy milk plants says about the dairy sector
Australia’s milk industry needs a new white knight. Instead, it has found a supermarket giant. Here’s why that’s worrying news.
March 2023
Buyers circling for a bite of battling food groups
The share prices of a string of groups including Vegemite owner Bega Cheese and Costa are down by 25 per cent or more, increasing the prospect of more buyouts in the sector.
The true winners and losers from reporting season
These companies showed the biggest improvement – or deterioration – relative to their peers.
February 2023
Saputo boss defends plant closures as milk supply dries up
Dairy giant Saputo has had to wind back exports and focus on selling high-value products into the domestic market because of declining milk supply in Australia.
CSL, CBA shares hit new highs as blue-chips rally
Shares finished the week up 0.9 per cent as CSL and CBA advanced ahead of corporate earnings, which are set to pick up a gear.
October 2022
Key stocks to watch after east coast floods
At risk are not only farmers but producers of fertiliser, cheese and even coal.
October 2022
Consumer staples sold off as cost of living bites
The S&P/ASX 200 Index rose 0.2 per cent to 6810.9 points. Coles fell 2.7 per cent to $16.16 and Woolworths 3.2 per cent to $32.33. Medibank plunged 18 per cent to $2.87.
CEO of Vegemite owner Bega exits after six years
Bega Cheese, which owns Vegemite, Dairy Farmers and Big M milk, says costs have jumped by $400 million as farmgate milk prices rise.