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ERoad reports wider FY17 net loss but slightly better than forecast
By Rebecca Howard May 30 (BusinessDesk) - ERoad reported a wider net loss in the 2017 financial year driven by US investment and changes to the way it amortises development costs, although the result was slightly ahead of its forecast. The Auckland-based company reported a...
Synlait forecasts new season payout at $6.50kg/MS, buys Auckland canning plant
By Pattrick Smellie May 30 (BusinessDesk) - Synlait Milk has forecast a payout for the 2017/18 season of $6.50 per kilogram of milksolids, matching Fonterra Cooperative Group, while separately announcing the $33.2 million purchase of the Auckland-based milk powder canning oper...
NZ dollar falls from 3-week high vs euro after Draghi says stimulus still needed
By Jonathan Underhill May 30 (BusinessDesk) - The New Zealand dollar touched a three-week high against the euro overnight, before retreating, after European Central Bank President Mario Draghi said the regional economic bloc still requires stimulus even as it shows signs of im...
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