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Westland Milk follows Fonterra in slashing payout forecast 30 Jul, 9:20am
By Jonathan Underhill July 30 (BusinessDesk) - Westland Milk Products, the Hokitika-based dairy cooperative, has followed Fonterra Cooperative Group in cutting its forecast payout... More »
NZ dollar falls below 85 US cts after Fonterra cuts payout to farmers 30 Jul, 8:50am
The New Zealand dollar dropped below 85 US cents for the first time in seven weeks after Fonterra Cooperative Group cut its forecast payout to dairy farmers and a stronger US currency saw the kiwi lose some of its allure... More »
While you were sleeping: Caution prevails 30 Jul, 7:20am
Wall Street was flat in cautious trading, with sentiment bolstered by corporate earnings including from Merck and news that Windstream can spin off its telecommunications assets into a tax-lowering real estate investment trust... More »
NZ dollar drops after Fonterra cuts payout forecast more than expected 29 Jul, 5:15pm
The New Zealand dollar fell to the lowest level in almost seven weeks after Fonterra Cooperative Group cut its forecast 2015 milk payout more than some economists had expected, suggesting a bigger impact on the New Zealand economy... More »
Fonterra slashes 2015 milk payout forecast to $6/kgMS; kiwi dollar falls 29 Jul, 4:50pm
Fonterra Cooperative Group cut its forecast 2015 milk price payout by 14 percent, citing a decline in global dairy prices in the face of strong global production, a build-up of inventory in China and falling demand in emerging markets. The kiwi doll... More »
Ross Asset liquidators puts investors on notice over withdrawals 29 Jul, 11:40am
Investors who managed to withdraw funds in recent years from the Ross Asset Management group of companies, found to be a Ponzi scheme, have been put on notice that the liquidators may try to claw back the cash... More »
ERoad shares priced at bottom end of range, owners sell fewer shares 29 Jul, 11:15am
Shares of ERoad have been priced at $3 apiece, the bottom of its proposed range, and existing owners sold less of their holdings as the logistics and fleet management company raises $40 million in new capital to chase growth in the US... More »
CORRECT: Abano achieves second year of 75% profit growth 29 Jul, 9:25am
(Corrects underlying profit, sales in second paragraph of story that first ran July 28) Abano Healthcare, the medical investor that fended off a hostile takeover from its biggest shareholder, posted a 75 percent jump in full-year profit, be... More »
While you were sleeping: US pending home sales drop 29 Jul, 7:25am
Wall Street crawled higher after a disappointing report on housing underpinned concern about the industry’s struggle to recover a day before the US Federal Reserve is starting a two-day policy meeting... More »
NZ dollar slips as Key says kiwi over-valued, Fonterra forecast looms 28 Jul, 5:20pm
The New Zealand dollar fell to a month-low after Prime Minister John Key said he agreed with the Reserve Bank that the currency is over-valued and as traders anticipate an announcement from Fonterra Cooperative Group tomorrow which is expected to include... More »
Abano achieves second year of 75% profit growth 28 Jul, 4:45pm
Abano Healthcare, the medical investor fending off a hostile takeover from its biggest shareholder, posted a 75 percent jump in full-year profit, beating guidance and allowing it to maintain dividend payments for a sixth straight year... More »
Burger King widens annual losses on rising costs, increased competition 28 Jul, 12:40pm
Blackstone Group's Burger King chain in New Zealand widened its loss in 2013 as rising sales, in an increasingly crowded burger market, were offset by higher costs for raw materials and consumables, and increased property and consultan... More »
NZX first-half activity shows boosted volume, falling value 28 Jul, 11:50am
The volume of cash trading on the NZX rose 22 percent in the first six months of the year, compared to a year earlier, with 12 new listings across its debt and equities markets, including four companies debuting on the bourse. The... More »
Major Acurity shareholders launch all-cash takeover bid 28 Jul, 10:00am
The three biggest shareholders of Acurity Health Group have launched a cash takeover bid for the 29 percent they don't own, valuing the private hospital operator at $112.2 million, saying the firm faces a big struggle lifting its flagship W... More »
