By Paul McBeth Sept. 12 (BusinessDesk) - T&G Global has sold its Mt Wellington property to Goodman Property Trust for $65 million and will lease it for up to four years while it figures out what kind of office and logistics space it needs. The fresh produce exporter sold t...
By Rebecca Howard Sept. 12 (BusinessDesk) - Synlait Milk lifted annual net profit 10 percent and said it remains sanguine about legal issues facing its soon-to-be commissioned Pokeno plant. Profit rose to $82.2 million in the year ended July 31 from $74.6 million a year ear...
By Paul McBeth Sept. 11 (BusinessDesk) - Dairy Farms NZ is being encouraged to pursue an initial public offering as controls on land sales depress farm prices but also restrict the firm's ability to raise funds from foreign investors. The company, which counts US billionair...
By Rebecca Howard Sept. 11 (BusinessDesk) - Fonterra Cooperative Group has taken a painful step toward recovery but any wavering would put immediate pressure on its 'A-' rating, says S&P Global Ratings. The cooperative has a “reasonable prospect” of building a rating buffer...
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