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BusinessDesk - Latest News [Page 1133]

Fonterra units lead slide in listed dairy companies

Monday, 5 August 2013, 10:32 am | BusinessDesk

Aug 5 (BusinessDesk) – Units of Fonterra Shareholders’ Fund tumbled to the lowest level this year, leading a decline in dairy-related companies on the NZX, amid investor concern earnings will suffer from the discovery of a bacteria contamination in batches ... More >>

NZX capital raising hits $1.46B in July, cash trading slows

Monday, 5 August 2013, 10:05 am | BusinessDesk

Aug 5 (BusinessDesk) - NZX-listed issuers raised almost $1.46 billion last month, including Ebos Group’s $149 million rights issue to fund its Symbion acquisition, the most in a month since December, though cash trading continued to slow after a ... More >>

Property for Industry 1H rental income rises 8.8%

Monday, 5 August 2013, 10:04 am | BusinessDesk

Property for Industry 1H rental income rises 8.8%, profit lifted by non-cash items More >>

Fonterra says no official notice received on Chinese ban

Monday, 5 August 2013, 9:40 am | BusinessDesk

Aug 5 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, said it hasn’t received official notification that Chinese authorities have banned its products after discovering some of contamination with bacteria that can cause ... More >>

Synlait Milk says infant formula products safe

Monday, 5 August 2013, 8:19 am | BusinessDesk

Aug 5 (BusinessDesk) - Synlait Milk, the Rakaia-based milk processor which listed last month, says its infant formula products haven’t been caught up in Fonterra Cooperative Group’s botulism scare, and doesn’t expect any long-term impact on ... More >>

NZ dollar slumps on Fonterra product contamination

Monday, 5 August 2013, 8:06 am | BusinessDesk

Aug 5 (BusinessDesk) – The New Zealand dollar slumped on concern a food contamination scare at Fonterra Cooperative Group, the nation’s largest dairy company, will hit exports. More >>

World Week Ahead : Accommodation tops agendas

Monday, 5 August 2013, 7:28 am | BusinessDesk

Aug 5 (BusinessDesk) – Fresh reassurances from central banks in the US and Europe that their policies will remain accommodative as long as needed to help revive economic growth continues to bolster Wall Street to record highs and that optimism seems here ... More >>

Coca Cola products safe from botulism bug, says Fonterra

Sunday, 4 August 2013, 10:47 pm | BusinessDesk

Aug 4 (BusinessDesk) - Fonterra is advising consumers of drinks and other products made by Coca Cola, Vitaco and Chinese drinks maker Wahaha, that its products are "safe to consume because of the way they are manufactured." More >>

Coke and Danone issue recalls on Fonterra botulism scares

Sunday, 4 August 2013, 6:37 pm | BusinessDesk

Aug 4 (BusinessDesk) - Two of the world's leading food and drink brands, Coca Cola and Danone, have issued product recalls following notification by New Zealand dairy producer Fonterra that they received an ingredient that included bacteria associated ... More >>

Fonterra recalls own calf-feeding formula on botulism scare

Sunday, 4 August 2013, 5:14 pm | BusinessDesk

Aug 4 (BusinessDesk) - Fonterra, New Zealand's largest company, has announced the first withdrawal of one of its own brands from the market, a cow's milk replacement formula for feeding calves and not for human consumption, as global coverage of a ... More >>

Contaminated Fonterra powder in supply chain for over year

Saturday, 3 August 2013, 4:08 pm | BusinessDesk

Aug. 3 (BusinessDesk) - Fonterra has confirmed the whey powder at the centre of a botulism alert was shipped to customers at the time of its production, meaning it has been in the manufacturing supply chain for more than a year. More >>

UPDATE: Fonterra chief heads to China amid botulism scare

Saturday, 3 August 2013, 11:33 am | BusinessDesk

Aug 3 (BusinessDesk) - Fonterra chief executive Theo Spierings is heading from Europe to China this weekend for meetings with manufacturers who have used contaminated whey powder supplied by the New Zealand dairy giant for use in infant formula and ... More >>

Fonterra finds bug linked to botulism in formula ingredient

Saturday, 3 August 2013, 10:17 am | BusinessDesk

Aug 3 (BusinessDesk) – New Zealand dairy products giant Fonterra faces another food purity scare after advising eight customers it has found a strain of chlostridium, linked to the deadly disease botulism, in three batches whey protein concentrate ... More >>

First NZ raises target price on Methven over acquisition

Friday, 2 August 2013, 5:48 pm | BusinessDesk

Aug 2 (BusinessDesk) – First NZ Capital raised its target price on Methven after the tapware maker agreed to buy its Chinese manufacturer Invention Sanitary. More >>

MARKET CLOSE: NZ shares rise; F&P Healthcare up on ResMed

Friday, 2 August 2013, 5:36 pm | BusinessDesk

Aug 2 (BusinessDesk) – New Zealand shares rose as Fisher & Paykel Healthcare benefited from a rival’s record earnings and investors pushed up market leaders Fletcher Building, Chorus and Telecom. More >>

Bathurst plans to oppose Forest & Bird appeal bid

Friday, 2 August 2013, 5:23 pm | BusinessDesk

Aug 2 (BusinessDesk) – Bathurst Resources intends to oppose an application to the Court of Appeal by the Royal Forest & Bird Protection Society of New Zealand for special leave to appeal a decision related to Bathurst’s plan to mine for coal ... More >>