Synlait lifts forecast payout to farmer suppliers on gain in global prices
By Rebecca Howard Feb. 9 (BusinessDesk) - Synlait Milk, the NZX-listed dairy company, increased the forecast payout for its farmer suppliers to $6.25 per kilogram of milk solids for the current season up from a prior forecast of $6/kgMS. "International dairy commodity price...
Infratil says hearings on bid to extend Wellington Airport runway likely delayed to June
By Rebecca Howard Feb. 8 (BusinessDesk) - Infrastructure investor Infratil said a shortage of court space in Wellington due to the November earthquake means hearings on Wellington International Airport's bid to extend the runway to make room for long-haul flights will likely b...
RESEND: NZ dollar falls ahead of RBNZ rate decision
(Removes extraneous word in headline) By Rebecca Howard Feb. 8 (BusinessDesk) - The New Zealand dollar fell ahead of the central bank's interest rate decision tomorrow and as the US dollar gained some traction in Asia. The kiwi fell to 73.04 US cents as at 5 pm versus 7...
TeamTalk tells shareholders to put off decisions on 'hostile' Spark bid
By Rebecca Howard Feb. 8 (BusinessDesk) - TeamTalk says a proposed $22.7 million takeover offer from Spark New Zealand is hostile, highly conditional and recommended shareholders take no action pending further communication from the board. "The preliminary view of the direc...
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