This Month
Pernod Ricard exits Australian wine making, sells to Bain consortium
The French giant’s portfolio of local brands – as well as those in New Zealand and Spain – will be combined with Accolade Wines, the company behind Hardys.
- Kylar Loussikian
Seppeltsfield buys up as Australian Vintage offloads two vineyards
The ASX-listed producer behind McGuigan and Tempus Two will exit one property in NSW and sell another in South Australia to its privately owned rival.
- Kylar Loussikian
Incitec Pivot ditches fertiliser sale talks with Indonesian buyer
The chemicals giant said it shelved the negotiations due to transaction delays as it flagged a $900 million on-market share buyback would still go ahead.
- Carrie LaFrenz
Giant farming co-op looks to exit flour mill partnership with Salim
Australia’s biggest co-op, farmer-controlled CBH, wants to sell its stake in a network of flour mills in South-East Asia owned with the Indonesian family.
- Brad Thompson
- Agriculture Winner
- Sustainability Leaders
A farming revolution built on down-to-earth thinking
Increasing carbon levels in grazing lands could remove 10 billion tonnes of greenhouse gas emissions from the atmosphere says the winner of the Agriculture category.
- Tom McIlroy
‘No water equals no milk’: big dry, cold snap hit farmers
Victorian farmers have been hit by a combination of dry and cold conditions as dairy producers also face a 15 per cent cut in farm gate milk prices as of July 1.
- Gus McCubbing
Treasury Wine US exec in restraining order row with Napa official
A restraining order has been filed against Debra Dommen by a Napa Valley politician, Belia Ramos, who says the Treasury exec opposed her re-election.
- Staff
Agribusiness sells livestock vessel and share price jumps 117pc
Paul Holmes à Court-backed Wellard is selling its oldest carrier, the Ocean Ute, in a move that has more than doubled the company’s share price.
- Brad Thompson
June
AACo admits to sacking whistleblower who sent ‘unsafe’ warning
The beef giant has meanwhile denied running a “No PC” policy that a former manager had alleged raised safety concerns for young staff.
- Liam Walsh
Competition red flags for Olam in battle for Namoi Cotton
ACCC commissioner Stephen Ridgeway says the bidding war for Namoi Cotton could “all fall over” if rival bidders can’t overcome “serious competition issues”.
- Brad Thompson
- Updated
- Wine
Treasury Wine’s profits buoyed as Penfolds goes all in on China
Treasury says Penfolds profits will grow 15 per cent this year, but margins will fall as the company spends more rebuilding its export business to China.
- Updated
- Simon Evans
Chinese backer of Australian wine group nursing big losses
A Chinese investment group which took a large stake in McGuigan owner Australian Vintage seven years ago is down about $7 million on paper.
- Simon Evans
GrainCorp looks beyond life as a rainy day stock
Wet conditions have boosted hopes of another bumper crop. The ASX-listed agribusiness’s share price has been a big beneficiary.
- Brad Thompson
- Updated
- Wine & spirits
Australian Vintage wants to revive Accolade Wine merger talks
The market capitalisation of the wine producer has almost halved after its shares resumed trading following a three-week suspension.
- Updated
- Simon Evans
Louis Dreyfus refuses to back down in battle for Namoi Cotton
The French agribusiness giant has turned up the heat on rival bidder Olam as the competition watchdog casts a big shadow over the fight for the ASX-listed group.
- Brad Thompson
McGuigan owner Australian Vintage seeks $20m lifeline to tackle wine glut
The acting CEO says a merger is still logical for the ailing wine group as it battles an industry wine oversupply after being spurned by bigger rival Accolade Wines.
- Simon Evans
Consumers urged against panic-buying after Coles imposes egg limit
One supermarket giant is limiting customers to two cartons of eggs after an outbreak of bird flu in Victoria worsened.
- Gus McCubbing
The a2 Milk Co’s main supplier Synlait needs China rescue package
China’s Bright Dairy is lending $NZ130m to the dual-listed company, in which a2 Milk Co has a 19.8 per cent stake and relies on for infant formula supply.
- Simon Evans
Mabo hasn’t closed the gap, even in the Pilbara
Two of the lawyers behind the landmark claim by land rights activist Eddie Mabo say native title “hasn’t spread the wealth evenly”.
- Michael Pelly
May
Accolade Wines ends merger talks, Australian Vintage to raise capital
Shares in the owner of McGuigan and Tempus Two wine brands have been suspended as debt levels rise to dangerous levels, with a potential back-door listing of Australia’s No.2 player, Accolade off the table for now.
- Simon Evans
