ASX Announcements
Notification of cessation of securities - TWE
Appendix 3H (Notification of cessation of securities)
- Apr 10, 2024
- 4 pages
Notification of cessation of securities - TWE
Appendix 3H (Notification of cessation of securities)
- Apr 10, 2024
- 4 pages
Notification regarding unquoted securities - TWE
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Apr 10, 2024
- 5 pages
This Month
McGuigan owner Australian Vintage dumps CEO over ‘conduct’ issues
The ousted CEO of Australian Vintage, Craig Garvin, is ‘considering legal options’, while the chairman says his exit won’t have an impact on merger talks with Accolade.
- Updated
- Simon Evans
April
ASX stocks at risk from Ozempic – and ResMed isn’t one of them
Morgan Stanley brokers say the explosion of interest in the weight loss drugs will be far bigger than first thought. And these major companies could get hit.
- Joshua Peach
Accolade Wines in buyout offer to end cheap wine glut
Australia’s No.2 wine group has offered to buy out the contracts of 540 grape growers in a Riverland co-operative.
- Simon Evans
This Rich Lister sees a wave of distressed wine sales coming
The MD of Casella Family Brands, owner of Australia’s biggest-selling wine export brand Yellow Tail, says the under $10 per bottle segment is still shrinking.
- Simon Evans
Treasury Wine puts December deadline on cheaper brand demerger
The country’s largest wine producer says it could split the business to focus exclusively on luxury labels such as Penfolds, where demand is rising rapidly.
- Simon Evans
Treasury Wines to lift Penfolds prices as China loosens tariffs
The country’s largest wine producers say there has been an immediate increase in demand from importers after Beijing loosened trade restrictions last week.
- Updated
- Simon Evans and Michael Smith
March
China removes punishing tariffs on Australian wine trade
Beijing says the restrictions, which had devastated local winemakers, will be removed on Friday, and big producers have applauded the change.
- Simon Evans and Michael Smith
Backdoor listing for Accolade on the table in AusVintage deal
The largest shareholder in Australian Vintage, which owns the McGuigan and Tempus Two wine brands, says a Chemist Warehouse-style listing of Accolade makes sense.
- Simon Evans
How these top companies are using AI every day
From sensing the water needs of grapevines to avoiding iron ore spills in the Pilbara, artificial intelligence is helping Australia’s major companies become more efficient.
- Christopher Niesche
Wine glut expected to plague growers for at least next two years
Excavators are “booked out for six weeks” near Griffith as grape growers rip out vineyards in the wake of punishing China wine tariffs and a shift in consumer tastes.
- Simon Evans
Treasury Wine set for $100m profit bump
The owner of Seppeltsfield Estate and Gemtree says the company took a $40m hit from Chinese wine tariffs and regaining lost sales could take three years.
- Simon Evans
Treasury Wines ‘optimistic’ about proposed removal of Chinese tariffs
The CEO of Treasury Wines, Tim Ford, is “pleased” by the Chinese Ministry of Commerce’s draft intention to remove tariffs on Australian wines.
- Simon Evans
Think your wine comes from a boutique winemaker? Think again
An explosion in the number and sophistication of own-brand bottles produced by the largest retailers is creating a war for shelf space.
- Jemima Whyte, Simon Evans and Carrie LaFrenz
- Opinion
- Chanticleer
What I learnt from 27 CEOs in 29 days
Profit season is like a magical mystery tour of the economy, revealing pain, profits and potential. Here’s what we learnt from speaking with 27 top CEOs.
- James Thomson
February
Treasury Wine cuts dividend as US profits slide
Chief executive Tim Ford says a downturn in December-half profits in the US is the low point, and the 19 Crimes brand, led by figurehead Snoop Dogg, will revive.
- Updated
- Simon Evans
Ag giant Nuveen gulps down Treasury’s unwanted vineyard portfolio
Nuveen Natural Capital has expanded its $2bn Australian farmland exposure after buying Treasury Wine Estate’s Heathcote Vineyard Portfolio near Bendigo.
- Larry Schlesinger
Schroders sticks with South32 after metals rout
Portfolio manager Adam Alexander says the market is too conservative on the miner and shares why the fund bought into winemaker Treasury Wine Estates.
- Joanne Tran
January
Treasury Wine’s US division getting weaker: Citi
Foot traffic around the wine maker’s key US vineyards was mixed in December, according to the broker.
- Carrie LaFrenz
Accolade Wines restructure looms but China no golden ticket
Bain Special Situations and Sona Asset Management, two specialists in distressed assets, are poised to take control of the country’s second-largest winemaker.
- Simon Evans and Carrie LaFrenz
This fundie blasted Rio Tinto – then doubled down on his investment
WaveStone Capital’s Raaz Bhuyan talks about his latest trip to the Pilbara and how he was horrified by the miner’s initial response to the Juukan Gorge scandal.
- Joanne Tran
