Fonterra Cooperative Group plans to slash its consumer brands in Australia to restore profitability as competition intensifies for both milk supply and retail sales. The company’s ANZ division, which produces consumer products and ingredients in Australia and New Zealand and runs the RD1 rural supplies chain, posted a 32 percent decline in normalised earnings before interest and tax in the …

Telecom Corp, which is in the process of overhauling its business, has launched its pricing plans for ultra-fast broadband, with the cheapest option available at $95 a month. The country’s biggest phone company is offering national pricing plans for households, small businesses and schools over Chorus’ fibre network and is still working on products with three other UFB partners, it …

Hallentein Glasson, which runs the clothing chains for which it’s named, lifted first-half profit 15 percent to meet the bottom of its own forecast range, and has struggled to gain traction due to unseasonally warm weather. Net profit rose to $10.3 million, or 17.39 cents per share, in the six months ended Feb. 1, from $9.8 million, or 15.14 cents, …