Business
Infrastructure
UPDATE: Mainfreight shares rise on 28% lift in FY net profit, sees momentum
(Recasts lede to include share price reaction, updates share price in 3rd paragraph, adds broker comment from 7th paragraph) By Rebecca Howard May 28 (BusinessDesk) - Mainfreight's shares rose 4.2 percent after the company reported a 28 percent lift in full year net profit...
Infrastructure
Eroad plays down patent dispute as accounting changes cloud result
By Paul McBeth May 28 (BusinessDesk) - Eroad is playing down a claim that it's infringed someone's patent, saying it's so confident of its position that is hasn't made any provisions for the claim. The logistics and fleet management technology firm said it might incur lega...
Primary Sector
Synlait lifts forecast milk price for 2018/19 season, upbeat about new season
By Rebecca Howard May 28 (BusinessDesk) - Synlait Milk lifted its forecast milk price for the season that just ended on higher global dairy prices and is positive about the season starting in June. The Rakaia-based milk producer raised its forecast base milk price for the 2...
Retail
Todd to take controlling stake in Sunergise NZ
By Gavin Evans May 28 (BusinessDesk) - Todd Corporation is to acquire a 75 percent stake in solar provider Sunergise New Zealand as part of a strategy to expand the range of its Nova Energy business. The Todd Group has extensive natural gas interests, including stakes in th...
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