New Zealand dairy products giant Fonterra faces another food purity scare after advising eight customers it has found a strain of chlostridium, linked to the deadly disease botulism, in three batches whey protein concentrate used in products including infant formula. home depot job application The concentrate was produced at a single New Zealand manufacturing site in May 2012 and test …

First NZ Capital upgraded its recommendation for units in Fonterra Cooperative Group’s shareholders fund to ‘outperform’ from ‘neutral’, saying a short-term pullback in the price is a buying opportunity. At the same time, the brokerage lowered its earnings forecasts for Fonterra for the coming three years and reduced its 12-month target price on the units to $8.30 from $8.50 after …

The American academic whose work underpins the Labour Party’s electricity policy says New Zealand’s existing market arrangements are starting to work better and should be improved further. In a wide-ranging interview with BusinessDesk, Professor Frank Wolak of Stanford University described the Labour-Greens NZ Power single buyer policy as “a sham that might make me feel a bit better”, but was …