Fonterra Cooperative Group needs to make it far clearer to farmers and other investors how its business model operates, says Deutsche Bank after the dairy exporter shored up a slump in half-year profits by intervening in the regulated price it pays for milk at the farm gate. Deutsche Bank retains its ‘sell’ rating on Fonterra Shareholders Fund units, with a …

The Commerce Commission plans to determine a final price for what Chorus can charge users of its copper line services by Dec. 1. The shares gained 4.6 percent, making it the best performing stock on the benchmark NZX 50 Index today. The regulator will conduct the final pricing principle for Chorus’s unbundled bitstream access and unbundled copper local loop services …

Scott Technology, the industrial automation firm, reported a 63 percent slump in first-half profit as a strong New Zealand dollar eroded the company’s export earnings and stiff competition pushed down margins. Net profit dropped to $820,000, or 1.3 cents per share, in the six months ended Feb. 28, from $2.2 million, or 6.2 cents, a year earlier, the Dunedin-based company …