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NZ meat industry consolidation stumbled on differing strategies, uncommitted farmer suppliers
By Tina Morrison Aug. 21 (BusinessDesk) - New Zealand meat companies abandoned efforts to consolidate and reduce surplus capacity last year because they lacked an agreed export strategy and farmers wouldn’t commit stock to firms that closed plants, industry sources say. The...
NZ consumer confidence sinks to 10-month low amid signs growth has peaked
By Jonathan Underhill Aug. 21 (BusinessDesk) - New Zealand consumer confidence fell to a 10-month low in August, suggesting rising interest rates, weaker commodity prices and waning house price inflation are denting sentiment in an economy that may be growing at a slower pace....
UPDATE: Skellerup shares decline after annual profit misses expectations
(Recasts to show profit lagged expectations, adds investor comment) By Tina Morrison Aug. 21 (BusinessDesk) - Shares in Skellerup Holdings declined after the industrial rubber goods maker missed analyst estimates for annual profit. The Auckland-based company said profit...
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