Penfolds maker uncorks restructure
The maker of Penfolds, 19 Crimes and Squealing Pig has restructured its key innovations arm in what could be a first step in splitting off its premium brands division.
Treasury Wine
Penfolds maker Treasury Wine reaffirms guidance
The makers of Penfolds wine as well as a large portfolio of brands in Australia, China, Europe and the US says its previous earnings guidance is on track.
Demerger or asset sales a slow burn for Treasury Wine
Treasury Wine Estates has not ruled out asset sales or a demerger, but market experts bet that shareholders will be waiting a while before they happen.
Complementarity not dimmed by political rows
While Treasury Wine Estates is cautious about China lifting tariffs on imported Australian wines, overall the business relationship with our largest trading partner is getting better.
End of China wine tariffs to pour earnings into Penfolds maker
Penfolds maker Treasury Wine Estates stands to regain hundreds of millions of dollars in lost sales if China dismantles its tariffs, but getting hands on enough top shelf wine could be a challenge.
ASX rises; BHP drops on iron ore dive
BHP hits nine-month low as iron ore futures fall. Liontown jumps on $550m debt deal. Treasury Wine up as China flags tariffs removal. Appen falls on merger approach. PwC cuts 366 jobs. Core Lithium drops.
Wine sector sweats on crucial China tariffs decision
Nothing is guaranteed in the Australia-China relationship, and just which way China chooses to jump next month will be closely watched for its diplomatic signals.
Penfolds maker pins hopes on Americas revival
With a huge investment in California vineyards last year, Treasury Wine Estates says it is well placed to benefit from a predicted lift in luxury wine sales.
ASX rebounds; high jobless rate won’t tempt RBA
Share market rebounds in line with Wall Street’s recovery. Slowing labour market “not bad enough” to justify rate cut. BHP’s nickel woes, Telstra’s tighter earnings weigh. Altium rockets on $9bn takeover. CBA fined
US Vampire wine sinks fangs into Penfolds winemaker
When Treasury Wine Estates released a Halloween wine featuring Dracula it was just a bit of fun, but a Hollywood attorney turned winemaker is now suing.
Grange danger: Strike hits Penfolds
United Workers Union warns industrial action could continue into the peak harvest production period.
Penfolds’ maker hires Chinese-born exec ahead of tariff decision
Treasury Wine Estates bolsters its executive team as it awaits news of China’s review of its tariffs on Australian wine, which is expected to be completed early next year.
Treasury Wine placement shortfall a sign of the market
Treasury Wine Estates’ lagging share price shows investors are losing patience with expensive mergers and acquisition deals.
Treasury Wine auctions $173m retail shares
The company, which makes iconic wines Penfolds and Wolf Blass, is offering shares in the business not taken up by retail investors.
ASX up; first strike against Qantas pay
Qantas gets massive first strike against pay; directors Sampson, Hutchinson stay on board. Macquarie gains on buyback after earnings miss. Block soars. Treasury, Aussie Broadband dive.
Treasury may have mulled sale of commercial wine portfolio
Treasury Wine Estates is believed to have contemplated a sale of its commercial wine portfolio before outlaying at least $US900m to buy the emerging US-based luxury wine business DAOU.
Aussie Broadband tipped to be plotting raise for Symbio buy
The telco is set to join Treasury Wine Estates in raising money to fund an acquisition.
Banking appointments upset pool on Treasury Wine deal
Treasury Wine Estates has opted against using one of the big names on Wall Street to advise on its highly anticipated US-based luxury wine acquisition.
Treasury Wine’s $US1bn Californian dream
Treasury Wine will ramp up its exposure to the US and the largest winemarket in the world after agreeing to spend as much as $US1bn for a Californian winemaker.
ASX flat; Rinehart’s Hancock has $5bn profit
Billionaire’s mining giant’s profit falls. Argument breaks out on Endeavour AGM floor. Weak China data hits resources stocks. Treasury Wine’s $1.4bn DAOU Vineyards buy. AustSuper rejects Brookfield/EIG Origin 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/page/2