Turners & Growers, the fruit marketer controlled by Germany’s BayWa Aktiengesellschaft, changed its guidance and is now forecasting a full-year loss, reflecting a writedown of its orchards. “Early indications are that there will be write-downs, particularly of orchard properties and biological assets,” the company said in a statement. “As a result the after-tax loss is forecasted to be between $16 …

CTU official Bill Rosenberg has raised the spectre of Warner Brothers suing a future NZ Government if it tries to unwind “the Hobbit” law. At the TPP stakeholders day in Auckland this morning, Rosenberg said the CTU’s interest in the trade negotiations is not limited to labour rights. Rosenberg instanced the NZ Government’s decision to change labour laws to ensure …

The New Zealand dollar climbed to a 16-month high on a trade-weighted basis after investors piled into currency after Reserve Bank governor Graeme Wheeler yesterday all-but ruled out a rate cut as he zeroes in on potential inflation emerging in the country’s housing market. The trade-weighted index rose as high as 74.45, the highest level since August last year, and …