Treasury Wine Estates Ltd lower as the Consumer Staples sector gains on the day
Here is the latest company close update for Treasury Wine Estates Ltd, TWE.
Treasury Wine
Treasury’s big names on the block but who’s buying?
Deal-makers are unsure who will acquire the commercial wine brands of Treasury Wine Estates after Pernod Ricard sold its Australian business to Bain Capital.
New challenges as Treasury re-enters China market
The Penfolds producer has long been confident about the potential of the Chinese market, but faces a very different China from the one that closed its doors to Australia four years ago.
Treasury Wine ‘well positioned for growth’
Treasury Wine Estates boss Tim Ford says the company is in the ‘best position it has ever been’ as it sheds its low margin commercial wines to focus on the needs of luxury wine drinkers.
ASX trims gains as Cochlear, Origin falls weigh; jobs data dims rates hopes
AUD rises on ‘quite tight’ jobs market. Cochlear, Origin sink on profit miss . Telstra rises despite profit fall. Treasury Wine lifts on China boost. Goodman dips on mixed results. Nufarm tumbles on earnings downgrade.
China flavour to reporting season
As Australia-China relations improve, companies from Treasury Wine to Goodman Group will give insight into the new settings for business.
Treasury to sell off Wolf Blass, Yellowglen
In a bid to focus on luxury labels and stem a $354m hit to its 2024 results, Treasury Wine Estates will divest struggling commercial wines like Lindeman’s, Yellowglen and Wolf Blass.
Treasury unveils $10m robotic system at winery
Driverless forklifts, and robots which collect data and move barrels around – take a look at Treasury Wine Estates’ Barossa Valley facility following a $10m revamp.
Penfolds lays out China plans on the back of record vintage
Penfolds will soon have 200 staff on the ground in China as it aims to aggressively grow the recently reopened market, on the back of a record Australian vintage.
ASX flat as Guzman rockets
Fast food chain Guzman y Gomez hits high of $30.60 on listing. City Chic flags loss as sales dive. VanEck Bitcoin ETF debuts. Treasury Wine down on guidance miss. Cyan lifts MMA Offshore bid.
Penfolds winemaker ready for China reopening
Treasury Wine Estates is preparing for the reopening of the Chinese market if tariffs are removed, and will reallocate its luxury iconic drink to the region.
ASX at 12-month low; TWE lifts; South32 down
Qantas’ frequent flyer overhaul after complaints. Treasury Wine lifts on potential China rebuild plans. South32 down on weak quarter. Propel Funerals gains on bid dismissals.
Treasury Wine shareholders revolt with first strike
Shareholders voice unhappiness at Penfolds and Wolf Blass owner’s decision to award its CEO Tim Ford $2m in shares despite a profit slump.
ASX 200 down; Treasury Wine gets first strike
Protest vote lodged against winemaker’s remuneration. Qantas down as oil prices jump, loyalty boss quits. Fletcher plunges on Iplex claims. Liontown hit with downgrades as Albemarle walks away.
China offers ‘package’ deal to end wine tariffs
Senior officials in the Chinese government have told their Australian counterparts the wine tariff could be “properly resolved” in coming months.
Treasury targets lift of China wine tariffs
Treasury Wine will hold back some of its Penfolds stock to be ready to send to China if its government were to lift its tariffs on Australian wine
Penfolds primed for China relaunch
The maker of luxury wine Penfolds is seeing a continued trend in drinkers seeking more pricey wines to enjoy, but it wasn’t enough to avoid a drip in annual profit.
ASX climbs on wages, RBA data; Lake top gainer
CSL, Pro Medicus, Cochlear lead health sector rally. AUD at US65c after lower quarterly wages growth. China reveals more economic weakness. NAB spikes on buyback. Seek tumbles.
TWE remains cautious on China trade
Treasury Wine Estates will take a cautious approach to any reopening of the Chinese wine market if Beijing follows up lifting tariffs on barley by dropping tariffs on Australian wine.
Treasury switches on 6000 solar panels at flagship Barossa winery
Penfolds owner Treasury Wine Estates says it now operates the largest solar network of any wine producer in Australia and is on track to soon be using 100 per cent renewables.
Original URL: https://www.theaustralian.com.au/topics/treasury-wine