A tale of missing cows and handshake deals

Jenny Ruth
Thu, 04 Apr 2019

By Jenny Ruth April 5 (BusinessDesk) - An Otago farmer's misplaced trust in a stock and station agent has ended with a judge saying the days of doing business on a handshake are over. Justice Gerald Nation of the High Court in Christchurch found largely in favour of Jasper Ross Clark against stock and station firm Rural Livestock. He awarded Clark more than $270,000 plus interest and costs - but far less than the nearly $640,000 the Milton farmer had sought. “At least historically, it was often a source of pride amongst New Zealand far...
Primary Sector
$25m for Milford tunnel as Southland gets pre-election funding
Brent Melville | Thu, 16 Jul 2020

The Homer Tunnel, a transport lifeline into and out of Milford Sound, Fiordland, will receive a $25 million upgrade as part of a swathe of pre-election government investment into Southland that also i...

Economy
Cheaper petrol, accommodation through lockdown tames inflation
Paul McBeth | Thu, 16 Jul 2020

Cheaper petrol and accommodation slowed the annual pace of inflation through the covid-19 lockdown, more than offsetting price spikes in other consumer goods. The consumers price index shrank 0.5 p...

Retail
Delegat profits up 37%
Victoria Young | Thu, 16 Jul 2020

Wine maker Delegat Group's unaudited profit after tax for the year to June 30 rose 37 percent to $64.1 million, the company reported. The figure includes fair value movements in its vines and deriv...