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PGG Wrightson annual earnings to fall by up to 27 percent on drought, lower livestock values
May 14 (BusinessDesk) - PGG Wrightson, the rural services company which fell out of the NZX 50 Index this year, expects annual earnings to fall by as much as 27 percent as dry conditions on both sides of the Tasman and lower livestock values erode prices. The Christchurch-base...
Bright Dairy’s Synlait Milk considers IPO as NZ equity market heats up
May 14 (BusinessDesk) – Synlait Milk, the dairy company controlled by China’s Bright Dairy & Food, is considering an initial public offering in New Zealand three years after abandoning such a capital raising because of lack of investor demand. Bright Dairy emerged with a 51 per...
While you were sleeping US consumer surprises
By Margreet Dietz May 14 (BusinessDesk) - The Standard & Poor's 500 Index touched a fresh record high, as US retail sales unexpectedly rose in April, before giving up gains. In afternoon trading in New York, the Dow Jones Industrial Average fell 0.21 percent, while the S&P 500...
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