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T&G sells site to Goodman Property for $65m
By Paul McBeth Sept. 12 (BusinessDesk) - T&G Global has sold its Mt Wellington property to Goodman Property Trust for $65 million and will lease it for up to four years while it figures out what kind of office and logistics space it needs. The fresh produce exporter sold t...
Synlait profit rises 10%; Pokeno legal exposure 'not substantial'
By Rebecca Howard Sept. 12 (BusinessDesk) - Synlait Milk lifted annual net profit 10 percent and said it remains sanguine about legal issues facing its soon-to-be commissioned Pokeno plant. Profit rose to $82.2 million in the year ended July 31 from $74.6 million a year ear...
Z Energy cuts forecast by $60m citing 'unprecedented' discounting
By Gavin Evans Sept. 12 (BusinessDesk) - Z Energy has cut its earnings guidance by $60 million, citing “unprecedented” discounting and weaker than expected margins at the Marsden Point refinery. The firm says its earnings before interest, tax, depreciation, amortisation and...
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