Metlifecare stake not a long-term hold for Infratil, Bogoievski says
By Paul McBeth Aug. 25 (BusinessDesk) - Infratil chief executive Marko Bogoievski is happy with the 80 percent gain the value of the infrastructure investor's stake in retirement village operator Metlifecare, but doesn't expect the minority interest will be a long-term hold. ...
NZ insolvency practitioners face new licensing regime
By Paul McBeth Aug. 25 (BusinessDesk) - New Zealand's insolvency practitioners look likely to face a new licensing regime after a report to Commerce Minister Paul Goldsmith found that gaps in existing rules enable dishonesty and incompetence. The public has until Oct. 7 to...
Scales lifts first-half profit 3% on record Mr Apple crop, raises annual outlook
By Paul McBeth Aug. 25 (BusinessDesk) - Scales Corp lifted first-half profit 3 percent and raised guidance for annual earnings as its Mr Apple unit delivered a record crop and met its 2020 export volume target four years early. Net profit rose to $33.8 million, or 24 cents...
Fonterra lifts forecast milk price 50 cents to $4.75/kgMS
By Paul McBeth Aug. 25 (BusinessDesk) - Fonterra Cooperative Group has raised its forecast payout to farmers by 50 cents as global dairy prices have started improving from what it describes as "unrealistically low levels". The Auckland-based company forecasts it will pay $...
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