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Methven FY profit falls 20 percent on weak Australian market, still mum on acquisition
By Paul McBeth May 29 (BusinessDesk) - Methven, the tapware maker, confirmed a 20 percent slide in annual profit that it first flagged last month, due to a weak Australian market. It is still mum on a potential acquisition. Profit dropped to $5.2 million, or 7.7 cents per shar...
Mainfreight earnings growth stalls as European struggle offsets record sales
May 29 (BusinessDesk) – Mainfreight confirmed earnings growth stalled in its latest year, even as it achieved record sales, as the transport group struggles to bed down its European business in the face of a weak regional economy. Earnings before interest, tax, depreciation and...
Fonterra lifts 2014 forecast payment to farmers
By Tina Morrison May 29 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, expects to pay $1.20 more to farmers per kilogram of milk solids for the 2014 season as a result of strong international prices for dairy products. The farmer-owned cooperat...
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