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MARKET CLOSE NZ shares rise; MRP, Meridian and Vector gain ahead of Genesis IPO
By Suze Metherell April 4 (BusinessDesk) – New Zealand stocks rose ahead of the Genesis Energy offer as investors sought to reweight their energy holdings in anticipation they won’t be allocated as many shares in Genesis as they had hoped. Meridian Energy, MightyRiverPower and...
NZ dollar heads for 1.2 percent weekly decline as weak dairy weighs, US jobs report looms
By Paul McBeth April 4 (BusinessDesk) - The New Zealand dollar is heading for a 1.2 percent weekly decline after falling dairy prices stoked concerns about the strength of the local recovery, and as investors wait for US jobs figures which are expected to show the world’s bigge...
UPDATE Fonterra fined $300,000 over food safety failings in botulism scare
(Adds court comments from the second paragraph.) April 4 (BusinessDesk) – Fonterra Cooperative Group, the country’s biggest company, was fined $300,000 for breaches of the Animal Products Act during last year’s whey protein concentrate incident. Judge Peter Hobbs fined Fonterr...
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