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Fonterra Cooperative Group, which raised $525 million through a unit trust for external investors last month, has hiked its forecast payment to farmers and expects to see more gains in global dairy prices next year. The dairy cooperative increased its forecast farmgate milk price by 25 cents to $5.50 per kilogram of milksolids and held the expected dividend payment of …

Warehouse Group, the country’s biggest listed retailer, bought consumer electronics and appliance chain Noel Leeming Group for $65 million from Gresham Private Equity. The Auckland-based retailer’s acquisition will be completed today and is expected to add to the company’s earnings immediately, contributing between $4 million to $6 million to earnings before interest and tax in the six months ended Jan. …

A consortium of Wellington business brahmans, including former top executives at Brierley Investments, has taken a majority share in fast-growing syrups maker Shott Beverages, with the intention of expanding its production and export sales. The investing group, Beverage Holdings Ltd, is led by former Brierley executive Andrew Meehan and comprises the same team as bought the pet food brand, Masterpet, …

Warehouse Group, the country’s biggest listed retailer, bought consumer electronics and appliance chain Noel Leeming Group for $65 million from Gresham Private Equity. The Auckland-based retailer’s acquisition will be completed today and is expected to add to the company’s earnings immediately, contributing between $4 million to $6 million to earnings before interest and tax in the six months ended Jan. …

The New Zealand dollar held above 83 US cents, having rallied in New York on Friday following figures showing the US economy added more jobs than expected and the jobless rate fell. Weaker US consumer sentiment capped the gains. The New Zealand dollar fell to 83.12 US cents from 83.24 cents in late New York trading on Friday. The trade-weighted …

Phil O’Reilly, Chief Executive of New Zealand’s largest business advocacy group – BusinessNZ, came out strongly in support of TPP at Friday’s stakeholder day. best software for graphic design “For a small economy like NZ, which depends for its economic survival on doing business with the rest of the world, the growth in trade in the APEC region has been …

EMA CEO Kim Campbell says if the TPP deal is?not right, “New Zealand will walk away.” As one of the first nations to embrace bilateral free trade agreements, New Zealand has learnt a number of lessons when it comes to international trade agreements Campbell told the TPP Stakeholders Day. “They must be high quality, they must be fair to all …

As investors return to their screens in anticipation of the Federal Reserve’s final meeting of the year, time is running short on a budget deal in the US. adobe flash software On Friday, Wall Street received a boost from better-than-expected jobs data, which more than offset even more doom and gloom from House Republican leader John Boehner on the prospects …

Minister for Climate Change Issues Tim Groser claims the Doha Conference has left NZ well placed to confront the real issue: the negotiation of a long-term comprehensive Climate Change Agreement. Groser  and Associate Minister Simon Bridges have been ave been leading the New Zealand delegation at the annual Climate Change Ministerial meeting in Doha. “While the formal agreements are extremely …

Over 700 young people held a flash mob outside Britomart yesterday to launch a new campaign for climate change solutions, in the wake of New Zealand being named as one of the worst players at the UN climate negotiations in Doha.  Youth organiser Lance Cash said the 100% Possible campaign is borne out of the frustration of many young New …