Mondelez pulls pin on finding local manufacturer for Kiwi candy
By Paul McBeth Oct. 17 (BusinessDesk) - Mondelez International has given up on finding a local manufacturer for its New Zealand suite of candy and will ship production to Australia, having already decided to close the Dunedin Cadbury factory. The local arm of the multinati...
ASX-listed HRL Holdings expands Kiwi footprint with $30M Analytica Laboratories acquisition
By Paul McBeth Oct. 17 (BusinessDesk) - ASX-listed HRL Holdings will expand its reach on this side of the Tasman after agreeing to buy local food testing firm Analytica Laboratories for as much as $30 million. Queensland-based HRL yesterday signed a conditional agreement t...
BNZ in talks with staff as digital adoption spurs restructure
By Paul McBeth Oct. 17 (BusinessDesk) - Bank of New Zealand is reviewing staff levels at some branches and is in talks with workers as part of a drive to adopt new digital technology in an environment where more customers are doing their banking online. First Union said mo...
GeoOp quits planned ASX IPO, gets more shareholder funding
By Paul McBeth Oct. 17 (BusinessDesk) - GeoOp has quit plans for an initial public offering and Australian listing after reaching an impasse with the Australian Securities Exchange, and will instead stay on the NZAX and rely on cornerstone shareholder North Ridge Partners for...
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