RESEND: Opportunity for Fonterra: smaller, more focused, more profitable, says FNZC
Resends to fix inverted letters in headline By Pattrick Smellie Nov. 9 (BusinessDesk) - Fonterra has a rare opportunity to shed assets that aren't performing, write down others to attract investment partners, and become a company more focused on value than volume, says Fir...
Labelling a slab of swamp kauri a tabletop doesn't make it one, Supreme Court rules
By Pattrick Smellie Nov. 9 (BusinessDesk) - New Zealand's highest court has ruled that exporting slabs of swamp kauri as "tabletops" or swamp kauri logs as "totem or temple poles" is illegal under the Forests Act. The decision marks an important victory for the Northland En...
SeaDragon flags 'extremely disappointing' increase in forecast FY loss
By Pattrick Smellie Nov. 9 (BusinessDesk) - Perpetual under-performer SeaDragon is warning its full-year operating loss could be more than double the guidance it gave in June as it struggles to meet new European product certification requirements for refined tuna oil used in i...
KiwiBuild homesellers who break the rules can keep 70% of any capital gain
By Pattrick Smellie Nov. 8 (BusinessDesk) - A KiwiBuild homebuyer who sells their house without permission from the government within three years of buying it will hand over to the state 30 percent of any capital gain they make on the sale, says Housing Minister Phil Twyford....
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