ACCC calls for changes in loyalty schemes

Improvements to customer loyalty schemes and broader legislative reforms are required, according to the ACCC’s final report into customer loyalty schemes. Released on Tuesday, the report recommends loyalty schemes, such as frequent flyer, supermarket and hotel operators, better inform consumers, improve their data practices and stop automatically linking members’ payment cards to …

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Couche-Tard proposes to buy Caltex Australia

Caltex Australia has confirmed that it has received an $8.6 billion “unsolicited, conditional, confidential, non-binding and indicative proposal” from Canadian convenience store operator Alimentation Couche-Tard Inc. (ACT) to acquire all shares in the company. The indicative cash price per share is $34.50, less any dividends declared by Caltex. This proposal …

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