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Fonterra's China farms likely to be profitable in two years
By Fiona Rotherham Nov. 17 (BusinessDesk) - Fonterra Cooperative Group’s Chinese dairy farms could take another two years to become profitable but their losses should be reduced this financial year, says Fonterra's managing director, international farming, Alan van der Nagel....
CORRECT: Kiwi Property lifts first-half earnings by 5.2% as drop in interest costs offsets weaker rentals
(Corrects to show gain in first-half distributable income) By Jonathan Underhill Nov. 18 (BusinessDesk) - Kiwi Property Group posted a 5.2 percent gain in distributable income after New Zealand's largest listed property investor cut interest costs, making up for weaker rent...
RESEND: Coats to quit NZX and ASX as Antipodean shareholdings dwindle
(Fixes Australian and New Zealand shareholdings in 2nd graph) By Paul McBeth Nov. 18 (BusinessDesk) - Coats Group, the UK-based threadmaker that grew out of diversified investor Guinness Peat Group, plans to quit the ASX and NZX with Australasian investors making up less th...
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