The week in review

Chinese forest products company Citic lost its lengthy High Court battle against Fletcher Challenge Forests but said it might appeal. Justice Judith Potter ruled claims Fletcher mismanaged the joint venture Central North Island Forest Partnership could be pursued only by the partnership's receiver, Ferrier Hodgson.

Sharebroker and investment advisor First New Zealand Securities began business following a management buyout of the operations of global investment bank Credit Suisse First Boston.

Dairy co-operative Fonterra extended its DairiConcepts joint venture with Dairy Farmers of America. A DFA plant in New Mexico will be expanded to produce milk protein concentrate and other dairy ingredients.

Shell New Zealand got Commerce Commission clearance to buy The Gas Company, a retailer of LPG and LPG appliances in Canterbury.

     

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PEB - Pacific Edge Placement Increased to NZ$25.4 Million
Radius Care Reports Earnings Growth and 50% Higher Dividend
May 13th Morning Report
Pacific Edge launches capital raise of NZ$24 million
SML - Resignation of Synlait Director
FBU - Sale of Laminex Cheltenham property
CVT - Comvita Achieves Minimum Capital Raise Requirement
Devon Funds Morning Note - 04 May 2026
MEL - Meridian joins global ranks of sustainable companies
May 5th Morning Report