Listed Companies
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Primary Sector
UPDATE: Global ice cream company Froneri snaps up Tip Top
(Updates to add CEO comment throughout, comment from New Zealand First) By Rebecca Howard May 13 (BusinessDesk) - Global ice cream company Froneri has bought Fonterra Cooperative Group's Tip Top for $380 million, ending a six-month sale process. The price was about $10...
Infrastructure
UPDATE: Trustpower well-positioned for volatile market, renewables development
(Updates with comment from CEO Hawksworth from third paragraph. Adds detail throughout.) By Gavin Evans May 13 (BusinessDesk) - Trustpower says a “material” volume of new generation will be required to meet demand during the next three years and wholesale prices are likely...
Markets
Australasian share markets insulated from US/China turmoil so far
By Jenny Ruth May 13 (BusinessDesk) - Australasian share markets held up better than most last week as key major indices tumbled amid renewed anxiety about whether the United States and China can resolve their trade differences. The S&P/NZX 50 Index gained 0.4 percent last...
Primary Sector
Synlait may have been too hasty on Pokeno plant
By Jenny Ruth May 13 (BusinessDesk) - Synlait Milk has landed itself in a right pickle after a Court of Appeal judgment that renders its new Pokeno factory in breach of covenants restricting use of that land to grazing, lifestyle farming and forestry. Synlait jumped the gun...
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