The National-led government has lost its parliamentary majority to pass reforms to the Resource Management Act, with the United Future and Maori parties announcing this morning they will not vote for changes that undermine environmental protections. While both parties support reforms to speed up the resource consenting processes, both believe that proposals to rewrite two fundamental sections dealing with environmental …

Taupo-based moulded wood products manufacturer Tenon is due for further share price growth as preparations made for the recovery of the US housing market start to bear fruit, says Edison Investment Research in a new report on the company. With 87 percent of its sales in North America, Tenon has struggled with losses in recent years with the high kiwi …

Fonterra Cooperative Group, which was embroiled in a false food safety alarm last month, is seeking to double its Chinese milk production in China with plans for a second farming hub in the Shanxi Province. The world’s biggest dairy exporter plans to develop five 3,000-cow farms in Ying County, doubling its Chinese milk production to an annual 300 million litres, …