Why do political pundits, company directors, stockbroking analysts, investors, policy people, governments and just about every one you can think of make dumb choices?
Foster’s Group
Come in Spinner: Come in Spinner: why we make dumb choices
The 2011 Crikeys: who went boom and bust in business
After another year of remarkable volatility caused by the unpredictable news flow coming out of the European debt crisis, Australian investors have every reason to be sitting on their hands. So who did capitalise?
Oh, the irony … Elliott says Foster’s ‘badly managed’
According to John Elliott, Fosters’ problems stem from its management’s decision to reduce the alcohol content of its flagship Carlton Draught product, and “lose their way” in marketing. The irony of Elliott’s comments shouldn’t be lost.
Mayne: Foster’s sale sad but unavoidable
There is a degree of sadness in the takeover of Foster’s, which will strip the ASX of one of its most storied top 20 companies. But they had it coming.
Gottliebsen: breaking the Foster’s cash machine
The Foster’s cash-generating machine has few parallels in Australia but the company is in grave danger of being acquired for a fraction of its worth because directors have not spelled out a clear distribution policy, writes Robert Gottliebsen, of Business Spectator.
Shopping … it’s about choice and there’s plenty of it
You don’t have to shop at Coles or Woolies or Metcash or Aldi or other stores. You can shop local and patronise smaller chains or outlets.
Foster’s super premium brew not so super
Laboratory tests have revealed that Foster’s super premium $90-a-bottle beer has been found to contain brettanomyces, an unwanted yeast characteristic which an expert has described tastes like a “dry stable”.
Foster’s profit pot overflows, but shares fall as takeover speculation looms
Much of the steam went out of the Foster’s share price this morning on speculation that SABMiller, the world’s second largest brewer, was stalking Foster’s.
Foster’s investors say cheers to beer-wine split
The decision to split Foster’s beer and wine businesses is a rare piece of good news for investors in the company, who have witnessed precious little capital growth for the best part of a decade.
Business As Usual: Rosy future for capex … Apple eats Microsoft … Club Austerity’s newest member …
Taxpayers to chip in for Foster’s, Foster’s write-offs could total $2.5 billion, UK’s Channel Five on the market and BSkyB close to buying Virgin Media TV and Apple takes the most-valuable title.
Dollar a pain in the bottom line for Telstra, Foster’s
A bit of a confession Friday with two of our largest companies revealing lower earnings, and both blaming the high value of the Australian dollar.
Tips and rumours: Langbroek staff forced out?
Have four employees of Queensland opposition leader John-Paul Langbroek’s office been forced out? Also, Qantas re-using their plastic knives and trouble at St George.
Tips and rumours: Something NQR about Australian of the Year ad?
In Tips & Rumours today: Foster’s feels the pinch as premium wine sales drop, white kid plays Lionel Rose?, Centrelink heading overseas, Sunday Age gets racy…
The new face of VB
Following last week’s announcement that they will be lowering the alcohol content of Victoria Bitter, Fosters have taken another stab at their iconic beer with a new campaign that replaces the “hard earned thirst” slogan with a new one: “the drinking beer”.
VB: no longer requires a “hard-earned thirst”
Victoria Bitter is dumping its famous tagline after 40 years. B & T’s inside info suggests their new ad campaign will attempt to be even more cliched than previously. Wow.
Foster’s intranet goes public — here are the highlights
Foster’s Group’s IT management seems to have lost the plot, with the company accidently opening up their intranet to the web.
