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Perpetual, Fonterra’s largest unitholder, happy to ride out short-term pain for longer-term gains
By Tina Morrison Dec. 12 (BusinessDesk) – Fonterra Cooperative Group’s largest unitholder is prepared to ride out some short-term pain in the expectation the world’s largest dairy exporter will produce better returns a few years down the track. Auckland-based Fonterra yesterday...
Love Springs, director Phillip Smart fined $555,000 for using toxic water claims to sell filters
Dec. 12 (BusinessDesk) – Love Springs, a water filter company that took advantage of people’s fears about their health to sign up customers door-to-door, was fined $355,000 and its director Phillip Smart was fined $200,000 for breaching the Fair Trading Act. The fines were impo...
Hallenstein may have to lower guidance if sales don’t improve, chairman Bell says
Dec. 12 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing chain, may have to cut its profit guidance further if sales don’t improve in the summer season, chairman Warren Bell says. Last month the Auckland-based retailer cut its guidance for first-half profit to $8 mi...
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