Business
Infrastructure
Aussie housing downturn FBU's big challenge, says Jarden
By Pattrick Smellie June 28 (BusinessDesk) - Fletcher Building's credibility relies on delivering improvements in its Australian business before anything else, even though there are signs of a "major downturn" in the Australian residential construction sector and potential for...
Infrastructure
Preference for staff, iwi, locals in Napier Port share sale
By Gavin Evans June 28 (BusinessDesk) - Napier Port staff wanting to participate in the firm’s partial listing have been guaranteed a minimum of $5,000 worth of stock. The port, currently owned by Hawke’s Bay Regional Council, will offer 45 percent of its shares to investor...
Retail
NZ consumer confidence ticks up slightly in June
By Rebecca Howard June 28 (BusinessDesk) - Consumer confidence ticked up in June, climbing back above the historic average. The latest ANZ-Roy Morgan survey of consumer confidence rose 3.3 points in June to 122.6. The May figure had been a six-month low and the historical...
Primary Sector
Fonterra realises $64m gain on sale of foodspring stake
By Rebecca Howard June 28 (BusinessDesk) - Fonterra Cooperative Group has sold its stake in Germany-based Goodminton AG, the parent of active nutrition start-up foodspring, and will realise a $64 million gain on the sale. Fonterra teamed up with foodspring in March last yea...
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