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Contact sees falling headcount as electricity demand stagnates
By Pattrick Smellie Aug. 14 (BusinessDesk) - Contact Energy expects to reduce its headcount from around 1200 staff and contractors at present as it stops building new power plants in response to stagnant New Zealand electricity demand. Chief executive Dennis Barnes gave no targ...
Billionaire Foley wins vote for control of NZ Wine Co
By Hannah Lynch Aug. 14 (BusinessDesk) - Foley Family Wines, owned by the California-based billionaire Bill Foley, will take control of New Zealand Wine Company, adding the Grove Mill, Sanctuary and Frog Haven brands to its suite of local wines. NZ Wine Co shareholders approve...
Goodman Fielder, selling assets and taking charges, narrows annual loss
Aug. 14 (BusinessDesk) - Goodman Fielder posted a narrower full-year loss as the branded food and ingredients company presses on with asset sales, rationalising its line-up of businesses in a subdued Australasian market. The net loss was A$146.9 million in the 12 months ended J...
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