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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 of whey protein. Units of the fund, which give investors access to the dividends from Fonterra’s shares, fell 8.6 percent to $6.51, erasing more …

Auckland house prices rose for a third month in July as listings and sales jumped, according to Barfoot & Thompson, the city’s biggest realtor. The average sale price rose 0.7 percent to $654,379 last month, adding to a 0.8 percent gain in June, the firm said. The median price fell to $585,000 from $590,000. A shortage of new homes in …

Property for Industry, which doubled in size following a merger, posted an 8.8 percent increase in first-half rental income and said profit was lifted by non-cash valuation changes and a smaller tax bill. Profit rose to $11.87 million in the six months ended June 30, from $7 million a year earlier, the Auckland-based company said in a statement. Sales rose …

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 its own business. non prescription cialis The company hasn’t used any whey protein concentrate WPC80 that has been recalled by Fonterra and the Ministry for Primary Industries, though …

The New Zealand dollar slumped on concern a food contamination scare at Fonterra Cooperative Group, the nation’s largest dairy company, will hit exports. The kiwi fell to a month low of 76.99 US cents, and recently traded at 77.15 US cents from 78.31 cents at the New York close and 78.87 cents at the 5pm market close in Wellington on …

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 to stay. Sentiment is such that even mixed news is good news. Non-farm payrolls climbed a lower-than-expected 162,000 in July, though the …

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 its own business. The company hasn’t used any whey protein concentrate WPC80 that has been recalled by Fonterra and the Ministry for Primary Industries, though it might get …

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.” The statement does not include infant formula made by For with that cialis professional no prescription review brush smell would cialis prices look better the 5 mg …

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 with the potentially fatal disease botulism. The whey protein concentrate, WPC80, is a dried product used as an ingredient in infant formula and sports drinks. In …

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 botulism food scare widens. legitimate online job directory The news comes as the New Zealand government mobilises a 60-strong team of diplomats and …