PLAY PKN: Video Bulletin 1 March

In the news: Frugalpac, Mother of Pearl Vodka, Close the Loop Group, IVE Group, JacPak, Coca-Cola Europacific Partners, Pro-Pac Packaging, Soft Plastics Taskforce, Visy.

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Food & Drink Business

The a2 Milk Company has reached an in principle agreement to settle a shareholder class action for $62 million, drawing a line under litigation tied to its FY21 earnings guidance.

The Albanese government has accelerated access to three National Reconstruction Fund sub-programs, including a $1 billion zero-interest loan facility for fuel, fertiliser and other critical supply chain businesses, as global trade disruption continues to pressure Australian manufacturers.

Australia’s national science agency has proposed cutting up to 52 net roles from its Agriculture and Food division and exiting food ingredient innovation, precision fermentation, microbial technologies, and its national food innovation network – changes the food tech sector says leave a significant gap.