News

Nuchev lists on ASX

Goat milk formula manufacturer Nuchev has listed on the ASX as a publicly traded company. Shares were issued at $2.60, which jumped to $3.40 but ultimately closed at $3.20, 23 per cent above the issue price.

Nestlé's “more inclusive and enhanced” parental leave policy will give primary caregivers fully paid leave for 18 weeks and for secondary caregivers, an established new minimum of four weeks.

Animal-free ingredient company Motif FoodWorks is partnering with the University of Queensland (UQ) to test, modify and develop formulations which can improve the texture of plant-based meat products.

Current definitions on foods derived from new breeding techniques (NBTs) lack clarity and are no longer fit for purpose, a Food Standards Australia New Zealand (FSANZ) report said.

The Australian Institute of Packaging has had another successful year of its annual Foodbank Hamper Packing Day, packing 10,000 hampers for those in need and raising a million dollars in donations and funds.

One simple farming idea – think grass-fed meat – is transforming a family-run abalone business in Augusta into a highly sustainable and profitable sea ranching corporation. Stuart Ridley reports.

The Australian Government will spend $417,000 to establish a wine export label directory in a bid to protect Australian wine brands from copycat and fake labelling.

MD & CEO of The a2 Milk Company, Jayne Hrdlicka, has stepped down. Hrdlicka said the reality of the company's growth trajectory would mean the role was “too difficult to manage” with her other commitments.

Bubs Australia Ltd has announced it raised $30 million before costs from a share placement to new and existing investors. The shares were sold at $0.95 per share here and overseas.

Pernod Ricard Winemakers has become the first major wine company in Australia to source all of its electricity from 100 per cent renewable energy.

Coles will pay Norco $5.25 million after an ACCC investigation found an "egregious breach" of Australian Consumer Law.

The founders of Balter called it “a massive day” as it announced the craft brewery had been bought by Carlton & United Breweries. Balter started on the Gold Coast in 2016.

Chantale Millard has been appointed CEO of Longtable Group. Her appointment follows the resignation of Laura McBain, CFO Michael Caragounis and the retirement of chair Tony Robinson in the last five weeks.

The food and beverage manufacturing sector showed strong performance in November, despite the Australian Industry Group Australian Performance of Manufacturing Index (PMI) falling to its lowest level since August 2016.

Researchers from the University of New South Wales have developed a way to turn banana plantation waste into biodegradable and recyclable packaging.

Foodservice distributor Bidfood Australia will be eliminating cage eggs from its supply chain by 2025. The company provides 115 million eggs to the foodservice industry each year.