Sanford, New Zealand’s largest listed fishing company, said annual profit will fall short of its forecast after lower catches of skipjack tuna and toothfish and slow growth in its main Marlborough mussel growing area. The shares fell. Profit will probably be $23 million to $25 million in the year ending Sept. 30, from $21 million last year, the Auckland-based company …

Global metals giant Rio Tinto has told shareholders it has given up trying to sell four Australasian aluminium smelters and associated assets, including the Tiwai Point smelter. The announcement that Rio will “bring the assets back into our aluminium product group” came just hours after Meridian Energy announced it had renegotiated electricity contracts for the Tiwai Point smelter, which had …

Rural Equities and interests associated with the Cushing family have built up a 17.7 percent stake in ASX-listed agribusiness Tandou. The Hawkes Bay farming group controlled by the Cushings bought an 11 percent parcel in Tandou for $7.9 million at an average price of about 43 Australian cents, Rural Equities said in a statement to the Unlisted platform. The investment …