New Zealand First warns that Government cuts to biosecurity will lead to another disaster to match the Psa kiwifruit bacteria outbreak which has been identified as reaching the country in a consignment of anthers from Shaanxi Province in China to Kiwi Pollen in June 2009. It is understood that Otago University associate professor Russell Poulter undertook genetic analysis to trace …

Tourism Holdings, which merged its campervan rental business with two rivals last year, cut its annual earnings guidance on a deteriorating Australian market after posting a small first-half loss as expected. The shares fell 1.5 percent. The Auckland-based company made a loss of $500,000, or 0.4 cents per share, in the six months ended Dec. 31, from a profit of …

Wellington Drive Technologies, which makes energy efficient motors, narrowed its full-year loss after embarking on a strategic overhaul that cut costs, spending and inventory and widened its margins. The net loss shrank to $6.3 million in calendar 2012, from a loss of $14.5 million a year earlier, the Auckland-based company said in a statement. Revenue rose 2 percent to $35.6 …