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Agribusiness

Fogarty takes gold medal

SPECIAL REPORT: Fogarty Wine Group has built its brand over two decades to top the list of WA’s major producers.

Vasse Felix realising great ambition

SPECIAL REPORT: Paul Holmes a Court plans for Margaret River’s oldest winery may not come to fruition in his lifetime.

Quintis goes into trading halt

Shares in sandalwood company Quintis have gone into a trading halt, after horrific losses last week including a nearly 36 per cent fall on Friday.

Ingham's in $70m WA poultry investment

Poultry producer Ingham’s Chicken will invest more than $70 million to build a new feed mill near Muchea as part of a plan to grow production volumes in Western Australia.

Spirit revives as wine returns to balance

SPECIAL REPORT: After a gruelling decade, even a desultory 2016-17 summer could not dampen the growing enthusiasm among WA winemakers.

Quintis drops 36 per cent on downgrades

Ratings agencies Moody’s and S&P have downgraded the debt of agribusiness Qunitis, while private equity fund Black Rock revealed it had taken a 5.1 per cent stake in the company.

Quintis smashed by contract loss

Shares in sandalwood supplier Quintis were down 44 per cent today after the company admitted it had lost a contract supplying Nestle five months ago, the second issue relating to a contract this year.

Harvesting the ocean's bounty

PHOTO ESSAY: Workers from Ocean Grown Abalone will install 5,000 concrete habitats, or Abitats, at Augusta during the next 18 months as part of anexpansion of the company’s aquaculture business.

Growing quality seafood in its natural Abitat

The aquaculture and fisheries industries are both attracting investor interest as businesses float significant growth plans.

Quintis renegotiates $34m acquisition

Sandalwood producer Quintis has negotiated a second deferral of an option agreement that could see it having to pay nearly $34 million to buy back 400 hectares of plantations, as the company confirmed it was in advanced negotiations with a possible replacement for a key Chinese customer.

Former AWB chair Flugge fined $50,000

Former Australian Wheat Board chairman Trevor Flugge has been fined $50,000 and barred from managing corporations for five years, after he was convicted in December of breaching his duties as a director while the company was making questionable payments to the government of Iraq.

Wellard taps investors for $52 million

Loss-making livestock exporter Wellard is undertaking a share placement and entitlement offer as part of a $52 million capital raising it hopes will allow it to exploit a predicted improvement in trading conditions.

Crane to retire as CBH boss

CBH Group chief executive Andrew Crane is stepping down from the role after eight years at the helm of Australia's largest grain exporter, with the group to immediately begin a search for his successor.

Matthys takes on Quintis CEO role

Former BHP Billiton executive Julius Matthys has been named interim chief executive of Quintis, after Frank Wilson resigned on Tuesday to plot a takeover of the Indian sandalwood producer.

Wilson quits Quintis as takeover looms

An extraordinary twist has emerged in the Quintis saga, with founder and managing director Frank Wilson resigning to work with an unnamed overseas corporation that is planning a takeover proposal of the Perth-based Indian sandalwood producer.

Quintis stands firm on ASX queries

Quintis temporarily put the brakes on its falling share price by entering into a trading halt this morning, as it compiled a lengthy response to queries raised by the ASX.

Agri-researchers testing growth

Agribusiness consultancy Kalyx Australia will pursue growth opportunities in horticulture research following its recent merger with Peracto WA, the local franchise of the Tasmania-based Peracto research brand.

Quintis shares continue slide

Freshly renamed Indian sandalwood producer Quintis has suffered another share price slide, prompting a query from the ASX, following short-seller Glaucus Research Group’s scathing report into the Nedlands-based business yesterday.

TFS rejects Ponzi claims

Indian sandalwood producer TFS Corporation has blasted US-based short-seller Glaucus Research Group for a scathing report which accused the Perth company of operating a Ponzi-like business structure.

Murdoch to be part of $40m soil centre

Murdoch University has been named among 42 organisations across Australia charged with establishing a consortium to boost the nation’s agricultural sector.

Hong Kong company onto Wellard register

A Hong Kong-based company has joined the share register of live export business Wellard International just days after Holmes a Court family entity Heytesbury Holdings took a stake.

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