Fonterra maintains earnings guidance despite coronavirus
Fonterra Cooperative Group has maintained its earnings guidance for the 2020 season, despite lower milk collection constraining supply due to dry conditions. The dairy producer reaffirmed December’s forecast farmgate milk price range at $7-to-7.60 per kilogram of milk solids and...
Nash warned prompt payments law may backfire
While Minister for Small Business Stuart Nash says he will legislate if necessary to ensure prompt payments for small businesses, officials have warned a proposal for a 20-day payment time limit may backfire. Nash released a discussion document today considering stricter rules ar...
Metlifecare upbeat as profit improves by 28%
Metlifecare lifted first-half net profit by 28 percent to $24.6 million with increased resales volumes and higher selling prices. The retirement village operator, which is currently subject to a takeover offer, is upbeat about the local real estate market and expects more confide...
Singaporean magnate plans to transform Food Alley
Auckland lunchtime dining institution Food Alley is among several properties being converted into a massive office and retail development by one of Singapore’s richest families. Magnate Michael Kum, the son of Singaporean street Hawkers and worth SG$930 million according to Forbe...
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