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Fletcher drops Horokiwi Quarries from Higgins purchase as application delayed again
By Jonathan Underhill June 30 (BusinessDesk) - Fletcher Building has dropped the Horokiwi Quarries from its application to buy rival construction company Higgins Group Holdings, a step that may help win approval from the Commerce Commission which today delayed its ruling for t...
O:Tu winemaker Marlborough Wine Estates trades on NXT; eyes Asia, US expansion
By Sophie Boot June 30 (BusinessDesk) - Marlborough Wine Estates Group, the Chinese-owned winemaker, rose 35 percent in its NZX debut after a compliance listing on the NXT market. The Auckland-based maker of O:Tu and Music Bay branded wines first traded at 27 cents and reco...
NZ government extends drought classification for eastern South Island
By Tina Morrison June 30 (BusinessDesk) - The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category. Primary...
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