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Fonterra's farmgate milk price out of step with efficiency

Fonterra's farmgate milk price out of step with efficiency

By Pattrick Smellie Aug. 15 (BusinessDesk) - The Commerce Commission says Fonterra Cooperative Group's decision to cut the last season's forecast payout to farmer shareholders by 55 cents per kilogram of milksolids below the result produced by its Farm Gate Milk Price calculat...

14 Aug 2014
Steel & Tube lifts profit 15% as Tata Steel acquisition boosts sales

Steel & Tube lifts profit 15% as Tata Steel acquisition boosts sales

By Suze Metherell Aug. 15 (BusinessDesk) - Steel & Tube, which manufacturers steel building products, lifted annual profit 15 percent as its sales were boosted from its April purchase of a stainless steel goods maker. Profit rose to $17.9 million, or 20.4 cents a share, in...

14 Aug 2014
NZ dollar pops above 85 US cts as local economy seen outperforming US, Europe

NZ dollar pops above 85 US cts as local economy seen outperforming US, Europe

By Tina Morrison Aug. 15 (BusinessDesk) - The New Zealand dollar popped above 85 US cents as better than expected data contrasted with weaker economic reports in the US and Europe, enhancing the lure of local assets. The kiwi touched a 10-day high of 85.14 US cents overnigh...

14 Aug 2014