Fonterra expects hundreds of layoffs as part of review

Article – BusinessDesk

June 10 (BusinessDesk) – Fonterra Cooperative Group, the world’s largest dairy exporter, said it will be laying hundreds of its 1,500 head office and support function staff in a major reshape of the business following the global decline in dairy prices. Read more »

Diane Foreman’s Emerald Foods sold to Hong Kong-based group

Article – BusinessDesk

June 9 (BusinessDesk) – NBR Rich Lister Diane Foreman’s Emerald Group has sold its ice-cream manufacturing subsidiary to a foreign collective for an undisclosed sum. Read more »

Danone Nutricia posts $1.19 million full-year loss

Article – BusinessDesk

June 9 (BusinessDesk) – Danone Nutricia, the French-owned infant formula maker, has reported a full-year loss it attributes to ongoing fallout from the Fonterra Cooperative Group’s botulism scare in 2013. Read more »

NZ manufacturing activity shrinks in March quarter

Article – BusinessDesk

June 9 (BusinessDesk) – New Zealand manufacturing activity shrank in the first three months of the year as meat and dairy volumes declined in a period when global milk prices remained under pressure and parts of the country were stricken with drought. Read more »

NZ wholesale trade falls in March quarter

Article – BusinessDesk

June 8 (BusinessDesk) – New Zealand’s wholesale trade shrank in the first three months of the year, snapping six quarters of expansion, with a decline in goods derived from the primary sector leading the contraction. Read more »

Fonterra coy on use of McKinsey & Co in management review

Article – BusinessDesk

Fonterra coy on use of McKinsey & Co as external advisers in review of management performance Read more »

Martin Aircraft founder Glenn Martin quits board

Article – BusinessDesk

June 4 (BusinessDesk) – Martin Aircraft shares fell after founder Glenn Martin unexpectedly quit the board, reportedly because the backyard jetpack inventor wasn’t enjoying the company’s corporate culture and pursuit of professional customers. Read more »

Lightning Lab Hardens Up

Press Release – Lightning Lab

Applications are officially open for Lightning Lab Manufacturing, New Zealands first ever product and manufacturing accelerator, which will run out of Hutt City from August to October this year. Currently known for being New Zealands premier … Read more »

SeaDragon sinks into the red on rising factory cost

Article – BusinessDesk

May 29 (BusinessDesk) – SeaDragon, which manufactures fish oil for health supplements, sank into the red in the latest financial year as ballooning costs for its Omega-3 fish oil refinery offset sales that more than doubled. Read more »

Acer Showcases Latest Products at Computex 2015 in Taipei

Press Release – Boyd PR

Acer will showcase refreshes across its comprehensive line of 1- to 100- inch devices at Computex Taipei, alongside the latest products announced at the next@acer global press conference held in New York last month. Visitors will discover solutions that … Read more »

UPDATE: F&P Healthcare says earnings will increase this year

Article – BusinessDesk

May 29 (BusinessDesk) – Fisher & Paykel Healthcare, the medical device maker, beat its forecast for annual profit and said earnings would rise further in the coming year. Read more »

UPDATE: F&P Healthcare says earnings will increase this year

Article – BusinessDesk

May 29 (BusinessDesk) – Fisher & Paykel Healthcare, the medical device maker, beat its forecast for annual profit and said earnings would rise further in the coming year. Read more »

Sealegs FY loss widens on restructuring costs, impairments

Article – BusinessDesk

May 29 (BusinessDesk) – Sealegs Corp, the amphibious vehicle maker whose founder had to step in fill the vacant chief executive position last November, reported a wider annual loss in the latest financial year as an overhaul of the business resulted … Read more »

Hellaby sells packaging division to Coveris for about $30M

Article – BusinessDesk

May 29 (BusinessDesk) – Hellaby Holdings, the NZX-listed diversified investment company, has sold its packaging division to Coveris, one of the worlds largest plastic packaging and coatings companies. Read more »

F&P Healthcare beats annual profit forecasts

Article – BusinessDesk

May 29 (BusinessDesk) – Fisher & Paykel Healthcare, the medical device maker, beat its forecast for annual profit and said earnings would rise further in the coming year. Read more »

Refining relationship expected to continue

Press Release – Refining NZ

Refining NZ says that the processing of crude oil for Chevron New Zealand (Chevron) is at the heart of a long-standing customer relationship that the Company expects to continue. Read more »

Cannon Hygiene celebrates 21 years

Press Release – Cannon Hygiene

Its cute, its compact, its pretty and its a far cry from what females in washrooms all over New Zealand would have seen 21 years ago!. Read more »

We miss out on knowing about our hot and cool companies

Article – sticK

One of the downsides of the implosion in traditional news media is that celebratory stories get little or no coverage. The general public, who in general love to hear of clever and innovative New Zealand companies therefore have only a minor awareness … Read more »

Further US investment in AFT Pharmaceuticals

Press Release – AFT Pharmaceuticals

Specialty Australasian pharmaceutical sales and development company, AFT Pharmaceuticals Ltd (AFT), has finalised a follow-on equity capital raise with CRG (formerly Capital Royalty L.P.), Atkinson family, AFT board members, and a group of specialist pharma … Read more »

Ralph Norris to step down from Fonterra board in November

Article – BusinessDesk

May 27 (BusinessDesk) – Ralph Norris is to step down from the board of Fonterra Co-operative Group following its annual meeting In November. Read more »

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