Guy looks to trim access to Fonterra's raw milk for big processors in DIRA review
By Paul McBeth May 30 (BusinessDesk) - Primary Industries Minister Nathan Guy is seeking feedback on proposals to reduce the amount of raw milk Fonterra Cooperative Group has to sell to large independent processors in the latest step towards full deregulation of the dairy sect...
Saville's Utilico sells more Infratil shares, whittling stake down to 2.5%
By Paul McBeth May 27 (BusinessDesk) - Utilico Investments has continued to sell shares in infrastructure investment firm Infratil, and now owns just 2.5 percent of the company. UK-listed Utilico, which is managed by Infratil director Duncan Saville's ICM Investment Manage...
Wynyard says it has nothing to disclose after NZX queries 21% price slump
By Paul McBeth May 27 (BusinessDesk) - Wynyard Group, whose chairman resigned this week for health reasons, says it has nothing to disclose after the stock market supervisor queried a 21 percent slump in the share price over the past fortnight. The Auckland-based intellige...
Silver Fern shareholders to vote again on Shanghai Maling deal in July
By Paul McBeth May 27 (BusinessDesk) - Shareholders of meat processor Silver Fern Farms will have a second vote on whether to approve its planned tie-up with China's Shanghai Maling Aquarius in July, though the board intends to go ahead with the deal irrespective of the outcom...
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