Rural Equities sells second-largest property
By Gavin Evans | Mon, 13 May 2019
By Gavin Evans May 14 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, has agreed to sell its second-largest property as it rejigs its portfolio. Puketota...
UPDATE: Global ice cream company Froneri snaps up Tip Top
By Rebecca Howard | Mon, 13 May 2019
(Updates to add CEO comment throughout, comment from New Zealand First) By Rebecca Howard May 13 (BusinessDesk) - Global ice cream company Froneri has bought Fonterra Cooperative Group's Tip To...
Synlait may have been too hasty on Pokeno plant
By Jenny Ruth | Sun, 12 May 2019
By Jenny Ruth May 13 (BusinessDesk) - Synlait Milk has landed itself in a right pickle after a Court of Appeal judgment that renders its new Pokeno factory in breach of covenants restricting use of...
UPDATE: Synait shares dive after unfavourable court decision on Pokeno
By Jenny Ruth | Fri, 10 May 2019
(Updates throughout to add further comments from Synlait and from the Court of Appeal judgment.) By Jenny Ruth May 10 (BusinessDesk) - Synlait Milk says it is confident it can find a solution to...
OceanaGold seeks mining permit for new Coromandel operation
By Gavin Evans | Fri, 10 May 2019
By Gavin Evans May 10 (BusinessDesk) - OceanaGold has sought a mining permit over its Wharekirauponga discovery in the Coromandel Forest Park. The deposit lies in the northern part of the 3,762...
Seeka cuts earnings forecast on smaller crop
By Gavin Evans | Thu, 09 May 2019
By Gavin Evans May 10 (BusinessDesk) - Kiwifruit grower and marketer Seeka has cut its full-year earnings guidance by $4 million due to reduced harvests in both New Zealand and Australia. Group...
James Cameron sees a ruthless future without democracy or meat
By Pattrick Smellie | Thu, 09 May 2019
By Pattrick Smellie May 9 (BusinessDesk) - Global demand for New Zealand's meat and dairy products is under threat as the world responds to climate change by eating more and more plant-based protei...
Waihi gold mining 'inherently unsustainable' - Sage
By Gavin Evans | Wed, 08 May 2019
By Gavin Evans May 8 (BusinessDesk) - Expansion of gold mining at Waihi is inherently unsustainable, will increase emissions, and will provide only moderate employment benefits relative to winding...
'Toothless' or ' alarming' - reaction to the Zero Carbon Bill
By Pattrick Smellie | Wed, 08 May 2019
By Pattrick Smellie May 8 (BusinessDesk) - Reactions to the net zero carbon emissions legislation released today range from Greenpeace attacking it as "toothless" and "miserly" to Federated Farmers...
Govt unveils long-awaited zero carbon law, takes ‘split gas’ approach on methane
By Pattrick Smellie | Tue, 07 May 2019
By Pattrick Smellie May 8 (BusinessDesk) - After months of cross-parliamentary wrangling, the government this morning unveiled its long-awaited draft legislation that will guide New Zealand to its...
Dairy product prices post 11th straight gain; whole milk powder slips
By Margreet Dietz | Tue, 07 May 2019
By Margreet Dietz May 8 (BusinessDesk) - Dairy product prices inched higher at the Global Dairy Trade auction, rising for the eleventh straight time, even as whole milk powder posted a third consec...
Fonterra still exposed to Beingmate in Bubs supply deal
By Rebecca Howard | Mon, 06 May 2019
By Rebecca Howard May 7 (BusinessDesk) - Fonterra Cooperative Group will still be exposed to its former Chinese partner Beingmate Baby & Child Food Co, albeit one step removed, in a new supply deal...