Fonterra to build $240 mln mozzarella plant to meet Chinese demand
By Sophie Boot Dec. 13 (BusinessDesk) - Fonterra will build a $240 million mozzarella plant in South Canterbury, making it the largest producer of natural mozzarella in the Southern Hemisphere. The new plant, at Fonterra Clandeboye near Temuka, will double Fonterra's abilit...
Heartland raises $20 mln from institutions at 4.6% discount; trading halt lifted
By Sophie Boot Dec. 13 (BusinessDesk) - Heartland Bank's trading halt has been lifted after the bank raised $20 million from institutional investors at $1.46 per share, a 4.6 percent discount to the last trading price. The bank said yesterday that it wants to raise up to $...
MARKET CLOSE: NZ shares continue weakness after shock Key resignation, A2 Milk, Air NZ fall, Orion Health bounces
By Sophie Boot Dec. 12 (BusinessDesk) - New Zealand shares dipped, led lower by A2 Milk Co on bad sentiment in the infant formula sector, while Orion Health Group continued to bounce. The S&P/NZX50 Index fell 17.27 points, or 0.3 percent, to 6,876.03. Within the index, 25 s...
English and Bennett need to demonstrate change, Labour's Little says
By Sophie Boot Dec. 12 (BusinessDesk) - Leader of the opposition Andrew Little has congratulated Bill English on his selection as the new prime minister, but warned both he and deputy Paula Bennett need to demonstrate they have something new to offer New Zealanders. "The ch...
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