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Airline Stocks Are Struggling. That Makes This One a Long-Term Buy.

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Australians are ‘furious’ about inflation: RBA deputy

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Australians are 'furious' about inflation: RBA deputy

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Trump bans Canadian dairy, alcohol and motorcycles amid trade fight

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Trump bans Canadian dairy, alcohol and motorcycles amid trade fight

The Trump administration will ban imports of Canadian dairy products, most alcoholic beverages and motorcycles, the White House announced Tuesday, marking a sharp escalation in the trade dispute between the neighboring countries.

The restrictions will take effect in three weeks, according to the White House. The move came hours after Canada imposed retaliatory tariffs on $20 billion worth of U.S. imports.

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The latest action deepens a trade conflict between two of North America’s largest trading partners, with both governments imposing new measures despite their closely integrated economies and longstanding commercial relationship.

This is a developing story. Check back later for updates. 

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MAHA affecting policy, not behavior for sugar

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MAHA affecting policy, not behavior for sugar

VAIL, COLO. — Nearly two years after the make America healthy again (MAHA) movement evolved from a campaign slogan to an official driver influencing federal policy and food manufacturing decisions, sugar industry leaders are assessing its broader impact on consumer perceptions of sugar and purchasing behavior, even as policymakers continue to pursue measures aimed at changing both.

“If you follow it closely, like I do, it feels like a disaster,” Courtney Gaine, president and chief executive officer of The Sugar Association, told attendees at the 41st annual International Sweetener Symposium in Vail. “You’ve got somebody with a very loud microphone and an echo chamber, and it feels like it’s been a nonstop barrage of attacks on sugar, whether it’s that sugar is as addictive as crack or sugar is poison. Then in January, the United States was launching a war on sugar. It’s hard to fight back against this narrative, so you kind of take it and hope that the damage isn’t too extreme.”

Gaine, a registered dietitian who also has a PhD in nutritional sciences and biochemistry, said the MAHA rhetoric, especially from Health and Human Services Secretary Robert F. Kennedy Jr., appears at odds with reality.

“We did a survey last March and it turns out that MAHA supporters are genuinely OK with sugar, so even though this movement is powerful and it’s loud and it’s chaotic, we felt like sugar might fare OK,” Gaine said, adding that another survey conducted in March of this year showed similar results. “About 90% of MAHA supporters still, a year and a half into the MAHA movement, feel that sugar is an important part of the diet and are okay with it.”

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Brandon Lipps, a principal at Caprock Strategies who presented alongside Gaine at the Sweetener Symposium, said that while consumer demand for sugar has not collapsed, the emotional rhetoric behind the MAHA movement continues to drive policy change that has the potential to impact sugar usage.

“When you talk to parents whose kids have health issues, and when you talk to families who are dealing with health issues, and when Secretary Kennedy quotes all these statistics and tells them that they have a solution, they’re going to buy it,” Lipps told the Symposium attendees. “Emotion moves. It gains momentum. The only defense that sugar has is that the facts are actually on your side.”

Brandon Lipps.jpg

“Emotion moves. It gains momentum. The only defense that sugar has is that the facts are actually on your side,” said Brandon Lipps (left), principal at Caprock Strategies.

| Source: Sosland Publishing Co.

Both Lipps and Gaine pointed to a chart showing obesity rates among adults and children climbed sharply even as added sugar consumption steadily declined.

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“There are folks that have a lot of problems in this country, but sugar is not the single cause,” Lipps said. “It’s maybe not even a major cause of the health epidemic in this country.”

Still, recent policies that have either passed or are currently under legislative consideration may directly influence the decisions of consumers and food manufacturers when it comes to buying or making products with sugar. These include front-of-label packaging, reformulating school meals to align with the sugar consumption limits recommended in the 2025-2030 Dietary Guidelines for Americans, and restrictions on using federal-assisted food program dollars to purchase foods made with sugar.

Lipps said that despite evidence pointing toward consumers’ acceptance of sugar and the data that shows an incongruent correlation between obesity and sugar consumption, the Trump administration is targeting sugar usage as an easy win for political gains.

“We acknowledge we have a health crisis in this country, but we don’t know what the solution is,” he said. “But if I go on the campaign trail and cite all these statistics to you and I tell you that I’ve got the solution, you’d perk up and listen. And America is doing that. The thing that Secretary Kennedy did is he didn’t create the MAHA movement, he created the MAHA political narrative out of a movement that was out in the countryside.”

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Gaine shared a similar perspective.

“Asking the MAHA supporters specifically about the rhetoric that had come out from RFK Jr. about the war on sugar and about sugar being as addictive as crack and about sugar being poison, about 60% of MAHA supporters feel that rhetoric goes too far,” she said. “There’s a lot still to come with what’s on the table for the MAHA movement, not to mention that the MAHA movement doesn’t necessarily end when the Trump administration ends. It actually might get stronger.” 

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InnovAge Holding earnings missed, revenue topped estimates

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InnovAge Holding earnings missed, revenue topped estimates

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Schwan’s launches Red Baron Crunchtime pizza

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Schwan’s launches Red Baron Crunchtime pizza

MARSHALL, MINN. — The Schwan’s Co., a US-based subsidiary of South Korean food manufacturer CJ CheilJedang, has debuted Crunchtime pizza as part of its Red Baron brand.

The 10-inch, multi-serve microwavable pizza may be prepared in 5 minutes. The pizza is available in multiple varieties, including pepperoni, meat trio, and four cheese.

“At Red Baron, we’re focused on bringing consumers the flavors and convenience they’re looking for,” said Katie Hagen, senior marketing manager for Red Baron pizza. “Crunchtime pizza is an exciting addition to our lineup — giving families a new way to enjoy a full-size pizza in just 5 minutes.”

Red Baron Crunchtime pizza is available now at major retailers and grocers across the United States for a suggested retail price of $5.99.

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Salford tops GoDaddy 2026 ranking

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Salford tops GoDaddy 2026 ranking

Salford has been named the UK’s most entrepreneurial city after its concentration of small businesses grew by 15.4 per cent in 12 months, according to rankings released by GoDaddy, which found satellite cities taking four of the top five places.

The Most Entrepreneurial Cities ranking, published by GoDaddy, with data from the company’s Small Business Research Lab. Each place with city status in the UK is given a microbusiness density growth score, based on the number of new start-ups for every 100 people. GoDaddy said the list identifies the key locations fuelling the UK’s small business economy.

Salford, with a population of about 130,000, is two miles from Manchester, home to about 550,000 people. Ely, 14 miles north of Cambridge, was second, with density growth of 14.9 per cent, more than double the 7.1 per cent recorded by its larger neighbour.

Bangor in Northern Ireland grew by 12.9 per cent, four times Belfast’s 3.2 per cent, while Milton Keynes, on 11.7 per cent, outpaced London’s 9.8 per cent. The full top 10 also includes Stirling, Londonderry, Manchester, Sunderland, Preston and Lisburn..

Investment in Salford

The company linked Salford’s first place to sustained local investment. The city has developed a digital and innovation-focused enterprise hub anchored by HOST Salford at MediaCity, backed by Salford City Council and public funding that includes £846,900 from the UK Shared Prosperity Fund. According to GoDaddy, the hub has supported more than 300 businesses and helped upskill more than 5,000 people, alongside programmes such as EnterprisingYou and Build a Business, which support people launching new ventures.

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Yvonne Sampson, director of enterprise at GM Business Growth Hub, which delivers the EnterprisingYou programme, said: “The growth in Salford has been over a decade in the making, leveraging commercial and residential investment to create an environment for thriving entrepreneurship. The City has fantastic strengths, from the University to MediaCity and the longstanding partnerships between Salford Council and support organisations like ours, GM Business Growth Hub.”

She added: “Not only does it have a well-established digital, creative and technology sector, but recent investment in the City’s high streets has meant there has been some incredible growth in the everyday business economy.”

Zwi Meisner, 48, who has run the New York Laundrette in Salford with his brother for seven years, said: “Salford has a real sense of community. It’s a diverse place where people from different backgrounds support each other and genuinely want to see local businesses succeed. It doesn’t surprise me that so many new businesses are starting up in the area. Finding the right location is everything, and Salford can offer lower premise costs that would be harder to find in Manchester.”

Rents, AI and start-up costs

The research points to costs as one factor behind the shift. Average rent in Salford is about £2,500 a year cheaper than in Manchester, according to the Office for National Statistics.

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Technology is another, GoDaddy said. More than half of entrepreneurs, 52 per cent, use generative AI to support their business, with the biggest time savings reported in content creation, cited by 62 per cent, marketing, at 40 per cent, and business advice, at 39 per cent.

The amount of capital needed to launch has also shrunk. In the latest survey by the Small Business Research Lab, 53 per cent of UK entrepreneurs said they had created a new venture with under £1,000 of initial investment.

Alexandra Rosen, economist and head of the GoDaddy Small Business Research Lab, said: “Entrepreneurship is no longer tied to major city centres. Better digital infrastructure, the rise of AI tools and lower start-up costs have changed the economics of building a business, making it possible for founders to launch and scale from places that may previously have been overlooked.”

She added: “What we are seeing is a more distributed model of growth, where smaller cities and towns are becoming increasingly important parts of the UK’s entrepreneurial ecosystem.”

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Amy Ingham

Amy Ingham

Amy Ingham is a reporter at Business Matters, covering UK business news with a focus on breaking news, business policy, late payments and insolvency. She joined the magazine in 2026 after completing the NCTJ Diploma in Journalism at Harlow College’s journalism school. Her recent reporting includes British Steel’s nationalisation and its impact on SME suppliers, the decline in late payments by large firms, and Insolvency Service director disqualifications. Reach her at aingham@cbmeg.co.uk.

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IFT names Gunnar Sigge as president

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IFT names Gunnar Sigge as president

CHICAGO — Gunnar Sigge, PhD, associate professor and head of the Department of Food Science at Stellenbosch University in South Africa, has been named president of the Institute of Food Technologists (IFT). He succeeds Peggy Poole, PhD, who completed her one-year term as president.

Jeffrey Varcoe, PhD, senior vice president, science and technical excellence at The J.M. Smucker Co., takes over as president-elect and will begin his term as IFT president starting on Sept. 1, 2027.

Sigge has been an active volunteer at IFT for many years, and an active leader in the South African Association for Food Science and Technology (SAAFoST) since 1997.

“We are facing incredibly complex and interconnected challenges across the global food system, and no one discipline, sector, or part of the world can address them alone,” Sigge said. “What excites me about taking on this role is the opportunity to build on IFT’s unique ability to connect people and perspectives from across the global food science community. There is so much we can learn from one another, and I believe IFT has an important role to play in creating those connections, equipping food science professionals with the knowledge and resources they need, and bringing credible science to the conversations shaping the future of food.”

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Sigge was a member of the IFT board of directors from 2021-24. He also served on the Annual Meeting Scientific Program Advisory Panel (AMSPAP), Divisions Champions Team, the Inclusive Systems Review Task Team, as well as the International Division leadership team.

In South Africa, he has been involved with several other scientific organizations, including the International Water Association (IWA), the Institute of Packaging South Africa (IPSA), the Water Institute of South Africa (WISA), and the South African Society for Dairy Technology (SASDT). His research interests include food processing, food processing wastewater treatment, sustainable water-use in the food industry, food safety, and novel disinfection systems for food and irrigation water. He was also integral to the establishment of Stellenbosch University’s master’s program in food and nutrition security.

Sigge received bachelor’s, master’s and doctoral degrees in food science from Stellenbosch University. Since 2009, he has been chair of the Department of Food Science where he has mentored and guided some of South Africa’s top food science students, including Jana Schreuder, Institute of Food Technologists Student Association (IFTSA) immediate past president.

“Gunnar brings a valuable global perspective, deep scientific expertise, and a strong understanding of the opportunities ahead for IFT and the food science community,” said Christie Tarantino-Dean, chief executive officer of the IFT. “Our board plays an important role in shaping IFT’s strategic direction, and we are fortunate to have leaders who are deeply committed to our mission and generous with their time and expertise. I look forward to partnering with Gunnar and the board as we continue to strengthen IFT and position the organization for the future.”

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Varcoe has been involved in many professional and community-oriented organizations, including the American Frozen Food Institute, Mitchell Hamline School of Law’s Food Law & Policy Institute Advisory Committee, Advisory Council for the University of Minnesota’s Department of Food Science and Nutrition, Southwest Minnesota Workforce Council, and the Canby (Minnesota) High School Blue & Gold Foundation.

Prior to joining J.M. Smucker, he spent 21 years at Schwan’s Co. where he held a variety of technical leadership roles, including vice president of food safety and quality, vice president of manufacturing technical services, director of research and development, director of food safety and microbiology, and manager of food safety.

“IFT and the people within this community have given a great deal to me throughout my career,” Varcoe said. “Some of my earliest connections to IFT came through mentors who showed me the value of being part of this community, and that has stayed with me. Serving as president-elect is an opportunity to give back to a profession that has given so much to me and to bring the perspective I’ve gained over 25 years in food manufacturing to help IFT continue to evolve and serve its members.”

Varcoe received his bachelor’s and master’s degrees in biology from Missouri State University and Minnesota State University, Mankato, respectively. He received his doctorate in food science from the University of Minnesota.

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Karat packaging VP Marvin Cheng sells $290,500 in shares

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Karat packaging VP Marvin Cheng sells $290,500 in shares

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US slaps import ban on Canadian alcohol and other goods

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Catherine Turnbull is smiling at the camera. She is wearing a pale blue t-shirt and dark framed glasses. Catherine has short light brown hair. She has some bushes behind her with are slightly out of focus.

The US is banning Canadian products, including alcohol, dairy, and motor vehicles, as Canadian retaliatory tariffs on American goods come into force.

In a series of executive orders on Tuesday, US President Donald Trump wrote that “Canada is discriminating in fact against the commerce of the United States,” and ordered the ban, which comes into effect on 29 September.

Earlier on Tuesday, Canada Prime Minister Mark Carney said in a video address that Canada’s pivot away from the US as its largest trading partner “will come at a cost”.

Both US and Canadian officials have said they would like to strike a deal, but no new talks have been scheduled since negotiations collapsed in late August.

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Beef business weighs on Tyson Foods

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Beef business weighs on Tyson Foods

SPRINGDALE, ARK. — As the final days of Tyson Foods’ fiscal year wind down in September, executives revealed a revised, gloomier outlook for its Beef business segment beyond the projected loss of between $500 million and $650 million announced as part of its third-quarter report in early August.

The company is now projecting a loss of between $625 million and $775 million. The company’s share price on the New York Stock Exchange on Sept. 3 dipped more than 7% in afternoon trading after the new outlook was announced, which included companywide adjusted operating income expectations declining from $2.1 billion to $2.3 billion, as of Aug. 3, to between $1.85 billion and $2.05 billion.

“The revised outlook is primarily driven by significant margin compression amid volatile cattle prices and one of the most severe cattle shortages in US history, as well as the expected impact of lower cattle prices on the value of live cattle inventories,” the company said.

The outlooks for the company’s other segments also were revised, including Chicken to between $1.85 billion to $1.95 billion (down from $1.9 billion to $2.05 billion), and Pork to between $200 million to $250 million (down from $250 million to $300 million). The company’s outlook for its Prepared Foods ($1.30 billion to $1.35 billion) and International ($150 million to $200 million) segments did not change.

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Tyson’s leadership addressed the company’s recent efforts to reduce costs with plans to improve its financial performance in the coming fiscal year.

“The Beef pressures that have intensified this quarter reflect industry-wide cattle-cycle dynamics that required decisive action,” said Donnie King, president and chief executive officer.   “As announced in August, we are restructuring our Beef network around three strategically located facilities in the central United States to create a more efficient and competitive footprint for the long term. We expect these actions to begin reducing operating cost pressures as we enter fiscal 2027.”

The company said challenges in the foodservice sector are the result of more cautious consumer spending, but its Chicken segment is reaping the benefits of customer partnerships and adding to its value-added product mix.

With a glut of pork available in the current market, prices and product values have declined, outpacing lower production costs and limiting profitability.

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Meanwhile, the company said its Prepared Foods and International business segments continue to thrive in an environment that has consumers seeking value as the cost of living continues to rise.

“Our diversified, multi-protein portfolio helps us manage pressure from individual commodity cycles,” King said. “We enter fiscal 2027 with a healthy balance sheet, continued momentum in our branded businesses and a clear strategy to drive long-term growth.” 

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