Australia

Treasury Wine Lowers Outlook, As US Tactics, Australian Fires Threaten Margins

Australia's Treasury Wine Estates on Tuesday lowered its fiscal 2020 and 2021 earnings expectations, citing pricing pressures and increased competition at...

South Africa's Woolworths Hit By Weak Australia, December Results

Half-year earnings at South Africa's Woolworths could drop by as much as 20%, the retailer has warned, sending its shares down more than 4%. The company...

Kaufland To Withdraw From Australia, Focus On Core Markets

Discounter Kaufland has announced it has made a 'strategic decision' to withdraw from the Australian market, to focus on its core European businesses. T...

Hilton Group Performs In Line With Expectations In 2019

Food packing company Hilton Food Group has announced that it has performed 'in line' with board expectations in the 52 weeks ended 29 December 2019. The...

Blow For AB InBev's $11bn Asset Sale To Asahi As Australia Raises Concerns

Australia's competition regulator raised concerns over an $11 billion deal by Anheuser-Busch InBev to sell its local operations to Japan's Asahi, deal...

Germany's Nordzucker Expects A Return To Profit In 2020/21: CEO

Germany's second largest sugar refiner Nordzucker expects to turn a profit in 2020/21 after a major cost overhaul and plans further expansion beyond Europe...

Circle K Owner Sweetens Proposal For Caltex Australia

Canadian convenience store operator Alimentation Couche-Tard Inc sweetened an approach for Caltex Australia with a A$8.61 billion (€5.27 billion) offe...