Pāmu backing Alliance Group’s capital raise, wants 'successful' outcome

Pāmu's largest processor is actually Silver Fern Farms. (Image: NZME)

Tue, 26 Nov 2024

Pāmu Farms of New Zealand has confirmed it is participating in Alliance Group’s internal capital raise and says it wants a successful outcome not just for the processor but for the wider industry.The state-owned farmer, whose legal name is Landcorp, lifted its operating net profit guidance on Friday buoyed by rising milk prices, production and increasing red meat prices.It is the second largest shareholder of Alliance – which reported a $95.8m net loss last week – holding 1.5% of the country’s only fully farmer-owned red...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZ sharemarket down 0.2% as Trump retakes office

The S&P/NZX 50 Index closed at 13.052.9, down 35.41 points or 0.27%.

Graham Skellern 21 Jan 2025

Markets

Rua Bioscience psilocybin study targets meth addiction

The ‘preparation step’ will be followed by an ‘experiential session’ with the mushroom.

Gregor Thompson 21 Jan 2025

Rua Bioscience psilocybin study targets meth addiction

Retail

Card transaction data ‘much stronger than expected’:

Stats NZ data shows retail spending has grown for five consecutive months.

Gregor Thompson 21 Jan 2025

Card transaction data ‘much stronger than expected’:

Sponsored

Shining bright: Why gold matters today

The “great wealth store” remains a smart portfolio choice in 2025.

Smart

Sponsored

Why Kiwis are embracing Bitcoin ETFs

The once hard-to-access investment option is becoming mainstream.

Smart

More Primary Sector

Primary Sector

Seeka lifts earnings guidance again

Seeka has once again lifted its market guidance off the back of a “strong close out” to its 2024 year.The New Zealand Exchange-listed (NZX) horticulture business now expects full-year earnings at a profit before tax level for the year ended Dec 31 to be between $27.5 million and...

Riley Kennedy 21 Jan 2025