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Trustpower backs out of Ruataniwha water scheme as council sets public consultation
By Paul McBeth and Pattrick Smellie March 27 (BusinessDesk) - Trustpower, the electricity company controlled by Infratil, has walked away from the $265 million Ruataniwha water storage scheme, the same day the Hawke’s Bay Regional Council set the timeline for public consultation...
Synlait Milk shares punished for over-optimistic forecasts, Chinese regulatory speed bumps
By Jonathan Underhill March 27 (BusinessDesk) – Investors punished Synlait Milk shares after the dairy processor was forced to wind back the bullish profit forecast it gave in January because of disruptions from increased Chinese regulations on infant formula and unfavourable f...
NZ posts record February trade surplus of $818M as China buys dairy, meat, logs
By Paul McBeth March 27 (BusinessDesk) - New Zealand posted its biggest ever trade surplus for the month of February as Chinese demand for local primary products continued to soar. The trade surplus was $818 million in February, from a revised $286 million surplus in January,...
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