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UPDATE: NZX milk futures fall from record after GDT, still above Fonterra payout forecast
(Updates lots traded in sixth paragraph.) By Tina Morrison Sept. 22 (BusinessDesk) - New Zealand milk price futures have fallen in the wake of the latest GlobalDairyTrade auction, having reached a record in the run-up to this week's sale, but remain above the payout level f...
Orion Health warns strong kiwi weighing on revenue, cash position
By Paul McBeth Sept. 22 (BusinessDesk) - Orion Health, the health software developer, is still on track to return to profit in 2018, though the strength of the kiwi is crimping revenue in local currency terms and drained more cash than anticipated. Chairman Andrew Ferrier...
Investors punish Tower stock as ongoing quake exposure erodes dividend prospects
By Sophie Boot Sept. 22 (BusinessDesk) - Sept. 21 (BusinessDesk) - Tower's stock gained today after a report the general insurer could be a takeover target but the insurer has shed half its value in the past 12 months on signs prolonged exposure to Canterbury earthquake claims...