Trouble brews for Fonterra in China, Dunedin council faces lawsuit, Kotahi disappoints
What's in your National Business Review print edition this week.
In NBR Print today: Fonterra [NZX: FSF] has hit another snag in its quest to conquer the Chinese market, with its Shenzhen-listed partner Beingmate drastically downgrading its profit expectations to a sizeable loss. The Chinese company is blaming “counterfeit milk powder” and analysts say Fonterra should be concerned, as this could have a flow on effect to the distribution channel through Beingmate, Jason Walls reports.
Dunedin City Council-owned company Delta Utility Services is facing a lawsuit and potential further difficulty in recovering $13.3 million it effectively lent to a Christchurch property developer. Tim Hunter reports.
It makes sense for investors to seize on the tourism boom but which stock out of Auckland International Airport [NZX: AIA], Air New Zealand [NZX: AIR] and Tourism Holdings [NZX: THL] presents the best value? Calida Smylie asks analysts for their picks and also, what to watch out for.
Port of Tauranga’s [NZX: POT] 2014 deal with Kotahi, a joint venture between Fonterra and Silver Fern Farms [U:SFF], may not be as beneficial as previously expected, says one analyst who has downgraded his forecasts for the port company. Shoeshine puts this and other issues to Port of Tauranga CEO Mark Cairns.
Buckley Systems: it’s one of the larger New Zealand tech companies you’ve never heard of. Or, if you have, you’re not 100% sure what it does. The answer is it makes magnets – not just ordinary magnets but big, freaking, precision-manufactured electromagnets ranging from those that fit in the palm of your hand to ones that weigh 26 tonnes. Chris Keall finds out what’s going on.
NBR Special Report: Capital raising, lending & investing money
All this and more in today’s NBR Print Edition. Out now.
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Staff Reporter
Fri, 29 Jul 2016
Fri, 29 Jul 2016
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Trouble brews for Fonterra in China, Dunedin council faces lawsuit, Kotahi disappoints
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