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Retail
Fonterra to sell down Beingmate stake on market
By Rebecca Howard Aug. 7 (BusinessDesk) - Fonterra Cooperative Group plans to sell down its 18.8 percent shareholding in Beingmate Baby & Child Food Co on market after failing to find a buyer for the entire stake. The dairy giant said while it has talked to a number of pa...
Retail
Record gas volumes traded amid increased uncertainty
By Gavin Evans Aug. 7 (BusinessDesk) - Volumes traded on the spot gas market jumped to a record last month as industrial users locked in supplies for the rest of the year. Trades for 1.49 petajoules of gas were booked on emsTradepoint last month, an all-time high for the si...
Retail
Comvita says auditor KPMG verified inventory value
By Jenny Ruth Aug. 6 (BusinessDesk) - Comvita chair Neil Craig says a key message the company had wanted to convey in its latest earnings downgrade last week was that the valuation of its inventory is worth the $110 million it is valued at. “There’s been criticism or assert...
Retail
NZ commodity prices fall in July on slide in dairy, forestry prices
By Rebecca Howard Aug. 5 (BusinessDesk) - New Zealand commodity prices fell in July, weighed by the recent fall in forestry and dairy prices. The ANZ world commodity price index fell 1.4 percent in July after falling 3.9 percent in June. The July index was 0.5 percent lower...
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