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NZX debt market value jumps 41% after LGFA lists all its local government bonds
By Jonathan Underhill Nov. 16 (BusinessDesk) - The value of debt securities traded on the NZX debt market has jumped by 41 percent after the Local Government Funding Agency listed all of its $5.56 billion of bonds. The listing of the bonds, which range in maturity from 2017...
Ebos to buy Red Seal for $80 mln in natural health products expansion
By Jonathan Underhill Nov. 16 (BusinessDesk) - Ebos Group, the animal and healthcare company, will expand its reach in the natural health products sector after agreeing to buy New Zealand vitamin and herbal tea maker Red Seal for $80 million. The acquisition will be funded...
Fonterra raises annual earnings forecast as it boosts margins, cuts costs
By Tina Morrison Nov. 16 (BusinessDesk) - Fonterra Cooperative Group, the world's largest dairy exporter, raised its annual earnings forecast as it cuts costs and boosts margins even as milk volumes decline. The Auckland-based cooperative raised its forecast earnings per sh...
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