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Westland Milk cuts 2015 milk payout forecast, citing oversupply, high kiwi
By Jonathan Underhill Nov. 26 (BusinessDesk) - Westland Milk Products, the Hokitika-based dairy cooperative, has cut its forecast milk payout for the second time in four months, saying a global over-supply of dairy products and a relatively high kiwi dollar had crimped cash fl...
Genesis Energy raises US$150M in first US private placement issue
By Jonathan Underhill Nov. 26 (BusinessDesk) - Genesis Energy, New Zealand's largest electricity retailer, has raised US$150 million in its first issue of notes in the US private placement market and will use the funds to repay bank debt. Under the note purchase agreement,...
Energy Mad secures $284,000 in funding from shareholder Superlife
By Paul McBeth Nov. 26 (BusinessDesk) - Energy Mad, the energy efficient lightbulb marketer, secured $284,000 in funding from shareholder Superlife to help support its local and overseas growth plans. The Christchurch-based company has fully drawn down the funding, which wa...
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