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Top related persons:
David Gray - 1 Penfolds Grange - 1 Frank Family - 1 Phillip Kimber - 1 Roushni Nair - 1 Shailesh Kuber - 1 Krishna Chandra Eluri - 1 Jamie Freed - 1
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Australia's Treasury Wine Estates - 1 REUTERS - 1 China Deal - 1 Wine Estates - 1 Treasury - 1 P Capital - 1 Thomson - 1

Search resuls for: "Phillip Kimber"


2 mentions found


☆ Australia's Treasury Wine to buy US-based DAOU Vineyards for $900 mln
  + stars: | 2023-10-30 | by ( Roushni Nair | ) www.reuters.com   time to read: +3 min
Bottles of Penfolds Grange, made by Australian wine maker Penfolds and owned by Australia's Treasury Wine Estates, sit on a shelf for sale at a wine shop in central Sydney, Australia, August 4, 2014. The wine producer has been resetting its strategy in an attempt to diversify outside of China, which used to contribute a third of its profits, after Beijing imposed tariffs on Australian wine in 2021 when Canberra called for an inquiry into the origins of COVID-19. The winemaker's combined premium and luxury portfolios delivered double-digit gross profit growth in fiscal 2023, according to its annual report. Including cost synergies of more than $20 million, the acquisition is expected to be mid to high-single-digit earnings per share (EPS) accretive in fiscal 2025, the first year of Treasury owning DAOU. Treasury said it would also issue A$157 million of new shares to the existing owners of DAOU.
Persons: David Gray, Penfolds Grange, Frank Family, Phillip Kimber, Roushni Nair, Shailesh Kuber, Krishna Chandra Eluri, Jamie Freed Organizations: Australia's Treasury Wine Estates, REUTERS, China Deal, Wine Estates, Treasury, P Capital, Thomson Locations: Australian, Sydney, Australia, China, Beijing, Canberra, Americas, Bengaluru
☆ Australian grocer Woolworths says inflation is spurring in-home dining
  + stars: | 2023-02-21 | by ( Byron Kaye Sameer Manekar | Byron Kaye | Sameer Manekar | ) www.reuters.com   time to read: +2 min
Woolworths and smaller rival Coles Group Ltd (COL.AX) have experienced wild swings in Australian consumer behaviour since COVID-19 lockdowns in 2020 sparked grocery stockpiling. As with Coles' interim result reported on Tuesday, the Woolworths profit gain was helped by a sharp decline in COVID-19 related expenses. Woolworths shares were up 2% by midsession, against a 0.3% dip in the broader benchmark(.AXJO), as analysts cheered the prospect of profit margin growth at a company exposed to rising supply costs. "Momentum in the key Australian Food business remains solid, with sales growth rates better than expected in early 2H23," E&P Financial retail analyst said Phillip Kimber in a client note. Woolworths declared an interim dividend of 46 Australian cents per share, compared with 39 Australian cents a year earlier.
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