SPC Global (ASX: SPG) has launched a fully underwritten $100 million equity raising, with the bulk of proceeds earmarked for net debt reduction as the company works to reset its balance sheet less than 18 months after listing on the ASX.
The federal government released its 2026 budget last week, with longstanding issues in the food and beverage sector mostly overlooked in favour of the critical supply chain challenges arising from the Middle East conflict. Although organisations such as AUSVEG and the National Farmers’ Federation (NFF) have welcomed measures that will ease pressure on farmers and strengthen the nation’s food supply chains, there are concerns that they fall short of the specific and systemic reforms necessary to restore certainty to the Australian food industry.
The Endeavour Group board has appointed Tim Poole as chair, following receipt of the necessary regulatory approvals. His selection was initially announced in February, and the appointment was made effective from 14 May.
