Fonterra's season-to-date NZ milk collection falls more than aggregate for industry
By Jonathan Underhill May 1 (BusinessDesk) - Fonterra Cooperative Group's milk collection this season is tracking 2 percent lower than in 2017, a steeper decline than for the industry as a whole and suggesting rivals have picked up more of the national milk pool. Fonterra's...
NZ dollar sinks to lowest level for 2018 as market anticipates upbeat Fed
By Jonathan Underhill May 1 (BusinessDesk) - The New Zealand dollar fell to its lowest level so far this year on expectations the Federal Reserve will give an upbeat account of the US economy after this week's two-day meeting, keeping it on track to keep hiking interest rates....
Delaware North takes 20-year sublease on Queenstown backpackers worth $27M in rent
By Jonathan Underhill April 30 (BusinessDesk) - Delaware North, a hospitality company based in Buffalo, has been cleared to take a 20-year sublease on land in Queenstown that's the site of the Pinewood Lodge, an investment that would generate about $27 million in rent. The...
Sweden's Datamars pays more than $100M for Simcro as Riverside exits
By Jonathan Underhill April 30 (BusinessDesk) - Sweden's Datamars paid more than $100 million for Simcro according to the case summary from the Overseas Investment Office that cleared the transaction last month. The actual consideration was withheld in the summary, which gi...
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