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Thursday 17 June 2021

Corporate & Results

Moana NZ upbeat despite ‘significant headwinds’ for Sealord
17 Jun 2021  

Moana NZ upbeat despite ‘significant headwinds’ for Sealord

The fisheries company expects to come in ahead of $26m full year profit guidance despite disruption at Sealord.


Food investor Rangatira back in the black
16 Jun 2021  

Food investor Rangatira back in the black

Wellington-based Rangatira Investments is back in the black posting a net profit after tax of $9.9m up from a loss of $1.3m last year.


Hawke’s Bay’s Sacred Hill for sale
15 Jun 2021   /

Hawke’s Bay’s Sacred Hill for sale

Hawke’s Bay winery Sacred Hill has been placed on the market by its receivers.


Sanford CFO resigns
11 Jun 2021  

Sanford CFO resigns

Katherine Turner is to leave the seafood company in September after three years in the role.


Me Today opens $3.75m retail offer
11 Jun 2021  

Me Today opens $3.75m retail offer

Me Today announces opening of a $3.75m offer to retail investors as part of its plan to raise up to $15.75m to part-fun its $36m purchase of King Honey.


$30m and counting – Christchurch PE firm makes debut food investment
10 Jun 2021   /

$30m and counting – Christchurch PE firm makes debut food investment

South Island Office invests $30m in its first food acquisition and says there are more deals in the pipeline.


Goodman Fielder launches new green goals, targets 2040 for net zero emissions
4 Jun 2021  

Goodman Fielder launches new green goals, targets 2040 for net zero emissions

Food giant Goodman Fielder has introduced a new sustainability strategy that will see it use 100% recyclable packaging by 2025 and halve its food waste by 2030.


Fonterra restructure feedback “diverse”
4 Jun 2021  

Fonterra restructure feedback “diverse”

Around 4,000 Fonterra co-operative members have so far attended a consultation meeting or joined a webinar about the proposed changes to the group’s capital structure, according to an update from the co-op’s council.


NZ King Salmon warns of “problematic” H1
3 Jun 2021  

NZ King Salmon warns of “problematic” H1

New Zealand King Salmon has updated the market with what it describes as “problematic” trading in the first half of the year and issues plaguing some of its salmon stock. MORE »


Me Today gets $10m of wholesale support
3 Jun 2021   /

Me Today gets $10m of wholesale support

Me Today’s proposed $15.75m capital raise which will part fund its $36m purchase of King Honey from Sky co-founder Terry Jarvis has won support from wholesale investors.


Covid pushes Cooks Global Foods further into the red
2 Jun 2021  

Covid pushes Cooks Global Foods further into the red

Master franchiser and food distributor Cooks Global Foods was pushed further into the red in the year to 31 March posting a net loss of $2.8m – up from $0.2m last year – as Covid took its toll on international operations.


Me Today adds King Honey with $36m deal
1 Jun 2021   /

Me Today adds King Honey with $36m deal

Healthcare company Me Today has expanded its existing lifestyle, health and wellness businesses with the $36m purchase of manuka honey producer King Honey from Sky TV co-founder Terry Jarvis.


Two directors for PharmaZen
31 May 2021  

Two directors for PharmaZen

Christchurch biotechnology company PharmaZen, which trades as Waitaki Biosciences, has made two appointments to its board.


Zespri posts record returns as profit leaps 45%
28 May 2021  

Zespri posts record returns as profit leaps 45%

The kiwifruit giant said it delivered record per tray returns across all categories in the 2020/2021 season.


Blis stays in the black despite “significant challenges”
27 May 2021  

Blis stays in the black despite “significant challenges”

Blis delivers earnings of $1m – at the lower end of its guidance – in its annual results.


Fonterra to contribute $12bn to economy with record milk price forecast – CEO
26 May 2021  

Fonterra to contribute $12bn to economy with record milk price forecast – CEO

Fonterra will contribute $12bn to the New Zealand economy in the next season, says the co-op’s chief executive, Miles Hurrell.


JLG raises $4.1m from rights issue
26 May 2021  

JLG raises $4.1m from rights issue

JLG has raised more than $4m in a rights offer launched to part-fund its $17m acquisition of supplement provider About Health.


Synlait’s outlook sours with up to $30m loss forecast
24 May 2021  

Synlait’s outlook sours with up to $30m loss forecast

The dairy company now forecasts a full year loss of between $20m – $30m in 2021.


Comvita leadership takes up $2.3m in shares
24 May 2021   /

Comvita leadership takes up $2.3m in shares

Eight senior staffers have accessed Comvita’s new share purchase and loan scheme which has seen the company grant loans totalling $2.28m .


My Food Bag delivers on FY21 expectations
21 May 2021  

My Food Bag delivers on FY21 expectations

Meal kit company posts 24% revenue rise and assures investors it is positioned to deliver on IPO expectations.


Oatly IPO froths as share price jumps on debut
21 May 2021   /

Oatly IPO froths as share price jumps on debut

The Swedish oat milk company has become the latest plant-based IPO sensation in the US.


Sanford subdued as Covid continues to bite
21 May 2021  

Sanford subdued as Covid continues to bite

Seafood company reports 15% drop in net profit at the half year as it continues to battle with Covid-19 disruption to freight and foodservice.


Proof is in the pudding – My Food Bag to deliver maiden NZX results
20 May 2021  

Proof is in the pudding – My Food Bag to deliver maiden NZX results

All eyes will be on the meal kit company to see if it meets its forecasts after a disappointing debut on stock exchanges on both sides of the Tasman.


Receivers appointed to Villa Maria owner
19 May 2021   /

Receivers appointed to Villa Maria owner

The company which owns well-known wine business Villa Maria has been placed into receivership.


Speirs Group refinances $2.5m shares
18 May 2021  

Speirs Group refinances $2.5m shares

Manawatu/Rangitikei-based food company Speirs Group has replaced $2.5m of redeemable preference shares set to mature in September with $2.2m of fresh RPS, with a 2025 end date.


Synlait scrambles after third exec resigns
17 May 2021   /

Synlait scrambles after third exec resigns

CFO’s departure follows that of chief executive Leon Clement and director of operations Mark Toomey.


“The world’s our oyster” – Natural Pet Food’s Neil Hinton on KKR deal
14 May 2021   /

“The world’s our oyster” – Natural Pet Food’s Neil Hinton on KKR deal

The CEO says global investor KKR will accelerate the premium pet food firm’s international expansion.


Sanford appoints Tauranga port CEO to board
13 May 2021   /

Sanford appoints Tauranga port CEO to board

New Zealand seafood company Sanford has appointed Mark Cairns as its newest board member.


A bad day for A2 Milk
11 May 2021  

A bad day for A2 Milk

The former darling of the NZX was forced to slash its revenue forecasts and write down the value of its assets.


Woolworths sets demerger date with drinks division
11 May 2021  

Woolworths sets demerger date with drinks division

Listed Australian supermarket chain Woolworths has set a date to complete the spin-off of Endeavour Group, its drinks and hospitality business – a move first mooted back in July 2019.


Ōpōtiki rolls out welcome mat for OPAC
11 May 2021   /

Ōpōtiki rolls out welcome mat for OPAC

Seeka has been officially welcomed to Ōpōtiki to celebrate its purchase of Ōpōtiki Packing and Cool Storage.


Arnott’s bags NZ cracker firm 180 Degrees
7 May 2021   /

Arnott’s bags NZ cracker firm 180 Degrees

The deal catapults Australian biscuit giant Arnott’s into NZ’s premium cracker category.


Fonterra moots end of listed fund
6 May 2021  

Fonterra moots end of listed fund

Preferred option for capital structure review would dismantle or cap fund that gives outside investors access to co-op.


Fonterra trading halt, capital structure announcement pending
6 May 2021  

Fonterra trading halt, capital structure announcement pending

Fonterra yesterday went into a trading halt ahead of an announcement about its capital structure, expected this morning.


JLG’s $4.5m rights issue opens
6 May 2021  

JLG’s $4.5m rights issue opens

The offer is priced at a 27.1% discount.


Seeka gets $59m OPAC deal over the line
5 May 2021   /

Seeka gets $59m OPAC deal over the line

A certificate of amalgamation is imminent, formalising the kiwifruit specialists’ deal.


King Salmon bets on open ocean farm for $200m boost
4 May 2021  

King Salmon bets on open ocean farm for $200m boost

Open ocean farm first could be followed by other developments off the South Island’s east coast.


Zeffer takes off with Air New Zealand deal
3 May 2021   /

Zeffer takes off with Air New Zealand deal

The Hawke’s Bay cider company has partnered with the airline to become the exclusive cider on all flights.


“The time is right” – Michael Allpress sells coffee company to Asahi
3 May 2021   /

“The time is right” – Michael Allpress sells coffee company to Asahi

The Japanese drinks giant says it’s impressed by the coffee maker’s premium brand and the two firms are “a great fit”.


JLG completes $17m About Health acquisition
3 May 2021  

JLG completes $17m About Health acquisition

Tony Falkenstein’s Just Life Group says it completed its purchase of About Health on Friday.


Scales pays 9.5c final dividend
3 May 2021  

Scales pays 9.5c final dividend

Agribusiness Scales Corporation has declared a fully imputed final cash dividend of 9.5c a share for the 2020 financial year.


New T&G Envy orchard gets go-ahead
30 Apr 2021  

New T&G Envy orchard gets go-ahead

OIO approves T&G Global purchase of an 11-hectare Hawke’s Bay site to grow more Envy apples.


Synlait tightens emissions targets
30 Apr 2021   /

Synlait tightens emissions targets

Synlait Milk has reset its 2018 inaugural emissions reduction targets.


Food innovators make TIME’s top 100 most influential companies
29 Apr 2021  

Food innovators make TIME’s top 100 most influential companies

Relative newcomers rub shoulder with FMCG stalwarts in the inaugural rankings.


DB brews up new 2030 sustainability targets
28 Apr 2021  

DB brews up new 2030 sustainability targets

The beer producer sets itself new sustainability targets as it builds on its ambition to halve its emissions by 2030.


Blis Technologies shakes up Aussie sales strategy
28 Apr 2021  

Blis Technologies shakes up Aussie sales strategy

New approach in Australia means ramping up online sales and securing a new distributor.


From skylights to supplements: Falkenstein’s JLG in $17m bid for About Health
27 Apr 2021   /

From skylights to supplements: Falkenstein’s JLG in $17m bid for About Health

Just Life Group is investing $17m to buy NZ supplement provider About Health.


PharmaZen Q1 sales strangled by expansion plan delays
23 Apr 2021   /

PharmaZen Q1 sales strangled by expansion plan delays

Christchurch biotechnology company PharmaZen has suffered a difficult first quarter dogged by delays to its $8m capital investment programme and resultant capacity constraints. In its annual report the company, which MORE »


Zespri resumes USX trading
23 Apr 2021  

Zespri resumes USX trading

Zespri resumed trading on the USX at 9am Friday 23 April. The company halted the trading of its shares on Wednesday 7 April to allow the finalisation of its 2021 MORE »


Oatly maps growth as it preps US IPO
22 Apr 2021   /

Oatly maps growth as it preps US IPO

The phenomenal rise of the Swedish oatmilk juggernaut is detailed ahead of a potential $10bn listing on the NYSE.


KitKat to go carbon neutral by 2025
22 Apr 2021   /

KitKat to go carbon neutral by 2025

Nestle has pledged that its popular chocolate brand, KitKat, will become carbon neutral by 2025.


Zespri values 2021 kiwifruit licence at up to $435m
22 Apr 2021  

Zespri values 2021 kiwifruit licence at up to $435m

The co-op says the preliminary result compared to last year’s range of $300m-$305m.


Cool weather sees Delegat 2021 harvest drop 2%
22 Apr 2021  

Cool weather sees Delegat 2021 harvest drop 2%

The group says the vintage would deliver “excellent quality wines” for its brands.


Seeka shareholders back $60m OPAC takeover
20 Apr 2021   /

Seeka shareholders back $60m OPAC takeover

Grower support and banking thresholds are the only hurdles remaining.


Q&A with Frucor Suntory boss Darren Fullerton
20 Apr 2021  

Q&A with Frucor Suntory boss Darren Fullerton

A year on from taking the helm of Frucor Suntory, chief executive Darren Fullerton talks about the greatest opportunity for the FMCG giant, long-term planning and building resilience.


MWE revenue warning after poor harvest
19 Apr 2021   /

MWE revenue warning after poor harvest

A poor harvest is set to put a dent in Marlborough Wine Estates’ performance this year.


Seeka clears first hurdle in OPAC acquisition
15 Apr 2021  

Seeka clears first hurdle in OPAC acquisition

Seeka is a step closer to buying kiwifruit rival Ōpōtiki Packing and Coolstorage.


My Food Bag sets first listed annual results release date
15 Apr 2021  

My Food Bag sets first listed annual results release date

It will be the firm’s first publicly available results since its listing.


Comvita upgrades guidance after strong Q3
14 Apr 2021   /

Comvita upgrades guidance after strong Q3

Manuka honey company Comvita has revised its earnings forecast up on the back of strong growth in China and the US.


Synlait, A2 sell-off follows Clement resignation
13 Apr 2021   /

Synlait, A2 sell-off follows Clement resignation

The dairy companies saw share prices slip following news that Synlait’s boss is leaving.


Seeka makes case for $60m OPAC acquisition
12 Apr 2021   /

Seeka makes case for $60m OPAC acquisition

Seeka’s proposed $60m purchase of rival kiwifruit company Opotiki Packing and Cool Storage would create New Zealand’s largest kiwifruit grower with annual revenue of £300m – but it is far from a done deal.


Ice-cream maker scoops Domino’s deal
12 Apr 2021  

Ice-cream maker scoops Domino’s deal

The tie-up is a shot in the arm for PURE NZ Ice Cream after its foodservice and tourism channels were hit by Covid.


Which F&B tycoons made the 2021 Forbes Rich List?
8 Apr 2021  

Which F&B tycoons made the 2021 Forbes Rich List?

From spring water chiefs to supermarket dynasties – the annual rankings are a smorgasboard of F&B billionaires.


Zespri in trading halt
8 Apr 2021  

Zespri in trading halt

Zespri has been placed in a trading halt on the USX to allow the finalisation of the 2021 Gold3 and Zespri Red tender process.


PharmaZen profit up 30%, Covid delays hit factory development
6 Apr 2021  

PharmaZen profit up 30%, Covid delays hit factory development

Annual profit rises to $5.2m, but Covid delays push out development of a new Rolleston factory.


Fonterra completes $552m sale of China farms
6 Apr 2021  

Fonterra completes $552m sale of China farms

Fonterra has sold its two China farming hubs in Ying and Yutian to Inner Mongolia Youran Dairy Co.


$4m Pescado loan converts into SeaDragon shares
6 Apr 2021  

$4m Pescado loan converts into SeaDragon shares

Omega fish oils refiner SeaDragon has issued Pescado Holdings limited with 20 million shares for $4m of loan notes from the shareholder.


Spiers receives $229k windfall, reschedules Rosa payments
6 Apr 2021  

Spiers receives $229k windfall, reschedules Rosa payments

Spiers Group says it received an unexpected cash dividend of $229,127 from its investment in Equipment Leasing and Finance Holdings Limited.


Silver Fern Farms profit steady despite pandemic
1 Apr 2021  

Silver Fern Farms profit steady despite pandemic

The meat company saw net profit dip to $65m, skirting any deep impact from the pandemic.


NZ King Salmon weighed down by Covid
1 Apr 2021  

NZ King Salmon weighed down by Covid

The salmon farmer posts a seven month net loss of $7m, as it changes its reporting date.


Nestlé calls time on Auckland Allen’s production, 45 jobs to go
30 Mar 2021   /

Nestlé calls time on Auckland Allen’s production, 45 jobs to go

The food giant plans to relocate its Wiri confectionery manufacturing to Australia.


Synlait interim profit plunges 76%, outlook remains uncertain
29 Mar 2021  

Synlait interim profit plunges 76%, outlook remains uncertain

Significant Covid-19 induced uncertainty and volatility will continue, says the milk powder producer.


“Business as usual” despite Villa Maria speculation – Terra Vitae
29 Mar 2021   /

“Business as usual” despite Villa Maria speculation – Terra Vitae

Terra Vitae Vineyards is reassuring shareholders not to worry about speculation Villa Maria Estate Limited may be bought.


Seeka lines up $60m OPAC deal
26 Mar 2021   /

Seeka lines up $60m OPAC deal

The Bay of Plenty-based company is looking to expand its footprint in the kiwifruit sector.


How do Frucor’s 2030 sustainability targets measure up?
26 Mar 2021  

How do Frucor’s 2030 sustainability targets measure up?

Reducing waste, carbon emissions, water usage, sugar and non-recyclable packaging form the backbone of Frucor Suntory’s ten-year sustainability plans.


Batchwell cracks open $1m capital raise
25 Mar 2021   /

Batchwell cracks open $1m capital raise

An aggressive growth strategy underpins the kombucha maker’s forecast 325% jump in annual revenue.


Scales in the frame for $200m Villa Maria purchase
24 Mar 2021   /

Scales in the frame for $200m Villa Maria purchase

The agribusiness confirms it is in the running to buy Villa Maria in what would be its first foray into wine.


Zespri vote looms as counterfeit kiwifruit plantings grow
24 Mar 2021   /

Zespri vote looms as counterfeit kiwifruit plantings grow

Zespri is progressing its plan to move against the unlawful growing of kiwifruit in China as illegal plantings increase.


Synlait loses ops director back to Australia
23 Mar 2021   /

Synlait loses ops director back to Australia

Mark Toomey has resigned from the specialist diary company after just over a year in the role.


Huge losses ahead for apple and pear sector – NZAPI
23 Mar 2021   /

Huge losses ahead for apple and pear sector – NZAPI

Huge losses are forecast for the New Zealand apple and pear industry, according to New Zealand Apples and Pears Inc.


Sanford warns continuing Covid storm will hit interims
18 Mar 2021  

Sanford warns continuing Covid storm will hit interims

Lower prices and higher costs will hurt performance, says the seafood company.


Fonterra interim profit drops 22%, China divestment continues
17 Mar 2021  

Fonterra interim profit drops 22%, China divestment continues

The co-op said it was “pleased” with its results as the previous period’s earnings were inflated by asset sales.


Fonterra farmers survey: New capital structure – yes, outside investors – no
16 Mar 2021  

Fonterra farmers survey: New capital structure – yes, outside investors – no

The co-op’s shareholders have indicated support for an overhaul of the dairy giant’s structure.


Savor expands hospo footprint, forgets Moa
11 Mar 2021   /

Savor expands hospo footprint, forgets Moa

Moa’s former hospitality division is adding three Auckland restaurants to its stable.


MWE falls short of $2m fundraising target
10 Mar 2021   /

MWE falls short of $2m fundraising target

But the company says it is “delighted” to raise $1.34m, despite a deeply discounted SPP.


Ngāi Tahu takes a bite of Rockit, Punchbowl ups stake
9 Mar 2021   /

Ngāi Tahu takes a bite of Rockit, Punchbowl ups stake

Hawke’s Bay apple producer Rockit Global completes a capital raise bringing in new investor Ngâi Tahu Holdings.


My Food Bag stumbles on NZX debut

My Food Bag stumbles on NZX debut

My Food Bag’s debut on the NZX Main Board last week was weaker than hoped, falling to as low as $1.69.


Trinity Hill under new ownership
3 Mar 2021   /

Trinity Hill under new ownership

Trinity Hill has new ownership after being purchased outright by four local investors.


Daigou disruption sees A2 Milk profit, shares tumble
1 Mar 2021  

Daigou disruption sees A2 Milk profit, shares tumble

The company suffered a 35% drop in interim profit in what it described as a “challenging” first half year.


Seeka doubles profit, pays down debt
1 Mar 2021   /

Seeka doubles profit, pays down debt

The Te Puke-based produce handler more than doubled its annual profit in FY20.


Comvita turnaround puts it back in the black
26 Feb 2021   /

Comvita turnaround puts it back in the black

The honey company took “radical” steps to recover from a $13m interim loss.


Scales sees profit squeezed after “challenging, disruptive” FY20
26 Feb 2021  

Scales sees profit squeezed after “challenging, disruptive” FY20

A “challenging and disruptive year” pushed revenue and profit down.


Seeka announces 12 cent dividend
26 Feb 2021   /

Seeka announces 12 cent dividend

Seeka has announced a 12 cent dividend, payable on 30 March 2021.


Fonterra narrows 2021 earnings guidance
26 Feb 2021   /

Fonterra narrows 2021 earnings guidance

Fonterra has lifted the bottom end of its 2021 forecast earnings guidance and narrowed the range to 25-35 cents per share, from 20-35 cents per share.


Delegat toasts record half year
25 Feb 2021   /

Delegat toasts record half year

Strong global sales growth saw the winemaker’s interim profit leap 31% in a record-breaking run to the end of 2020.


Covid contingencies push NZ King Salmon into the red
25 Feb 2021  

Covid contingencies push NZ King Salmon into the red

Increased airfreight costs, discounting and lockdowns all ate into the salmon farmer’s profit.


NZ bright spot amidst global falls for Foley Wines
25 Feb 2021   /

NZ bright spot amidst global falls for Foley Wines

US billionaire Bill Foley’s Kiwi company suffers sales falls in its largest overseas markets.


MWE reduces max stake in capital raise
24 Feb 2021   /

MWE reduces max stake in capital raise

The wine company says it is looking to raise the new funding to progress growth opportunities in NZ.


My Food Bag says interest “strong” after institutional  bookbuild completes
23 Feb 2021   /

My Food Bag says interest “strong” after institutional bookbuild completes

The company is on track to dual list on 5 March with a post-IPO market cap of $449m.


F&B listed companies to open their books
23 Feb 2021  

F&B listed companies to open their books

NZ King Salmon, Delegat Group, and Comvita are this week reporting their six month interim financial results.


Moa sells loss-making craft beer business for $1.9m
22 Feb 2021   /

Moa sells loss-making craft beer business for $1.9m

The company is jettisoning its eponymous brewing business to focus on its hospitality division under the new name Savor.


Comvita partners with UK’s THG to accelerate revenue
18 Feb 2021   /

Comvita partners with UK’s THG to accelerate revenue

Comvita has goal to grow its digital sales to 50% of the total group by 2025.


Miraka board names Watson as new boss
18 Dec 2020  

Miraka board names Watson as new boss

The announcement follows Richard Wyeth’s departure in October.


MWE eyes UK, US expansion
18 Dec 2020  

MWE eyes UK, US expansion

It comes after the wine firm had its first-ever profitable year as an NZX listed company.


A2 Milk in trading halt as earnings guidance revised
17 Dec 2020  

A2 Milk in trading halt as earnings guidance revised

A2 Milk Company has stopped the trading of its shares on the NZX and ASX while it revises its earnings guidance. The dual-listed firm said this morning that the halt MORE »


Sanford rethinks $20m Blenheim investment in cost-cutting drive
17 Dec 2020  

Sanford rethinks $20m Blenheim investment in cost-cutting drive

The seafood firm is on a mission to rebuild profitability.


Seeka to pay out 12c special dividend
17 Dec 2020  

Seeka to pay out 12c special dividend

The Te Puke-based company said the dividend would be paid on 27 January 2021 to all holders of ordinary shares.


SeaDragon hooks new investor as Comvita exits
15 Dec 2020  

SeaDragon hooks new investor as Comvita exits

A US-based family buys into the fish oil company in an off-market deal.


Rangatira reports “best ever” sales for Mrs Higgins
11 Dec 2020  

Rangatira reports “best ever” sales for Mrs Higgins

The investor wants to bolster the cookie maker through acquisitions in what it calls a “fragmented industry”.


Seeka signs off $27m Australian deal, lifts guidance
10 Dec 2020   /

Seeka signs off $27m Australian deal, lifts guidance

The kiwifruit exporter gets the go-ahead for a sale and leaseback deal, unlocking more profit for the year.


Steady as she goes at diversified Scales
10 Dec 2020  

Steady as she goes at diversified Scales

Diversified agribusiness group will pay 9.5c interim dividend and affirms previous guidance.


Fonterra lifts milk price  following China rebound
7 Dec 2020  

Fonterra lifts milk price following China rebound

Strong demand for NZ dairy has seen the co-op lift its milk price forecast and report Q1 earnings of $250m.


Tourism giant exits F&B sector with brewery sale
3 Dec 2020  

Tourism giant exits F&B sector with brewery sale

Queenstown-based Wayfare is selling its brewing interests to local restauranteurs.


Moa reports interim loss, suffers 45% revenue fall to $10m
1 Dec 2020   /

Moa reports interim loss, suffers 45% revenue fall to $10m

Moa Group Limited has reported an after tax loss of $415,000 for the six months to 30 September 2020.


Synlait completes $200m raise
1 Dec 2020  

Synlait completes $200m raise

The dairy company successfully raised the money after closing an oversubscribed $20m share purchase plan.


T&G Global approves 6c interim dividend
27 Nov 2020  

T&G Global approves 6c interim dividend

A date has been set by the group, in an NZX announcement made on Thursday.


‘Super premium’ pays dividends for Delegat
26 Nov 2020   /

‘Super premium’ pays dividends for Delegat

Online growth and investment in technology and sales teams also helped the winemaker to a record year.


Synlait bets on diversification to build value
26 Nov 2020   /

Synlait bets on diversification to build value

Diversifying its product ranges, customers and target markets has created a more sustainable business, says Synlait chief executive Leon Clement.


Comvita Singles Day revenue jumps 17%
26 Nov 2020  

Comvita Singles Day revenue jumps 17%

Mānuka honey company Comvita says it reported strong sales in the online shopping event.


A2 Milk maintains guidance, says 2020 has ‘tested us’
19 Nov 2020  

A2 Milk maintains guidance, says 2020 has ‘tested us’

The dairy company says it expects an uptick in activity in the second half of FY21 despite continuing uncertainty.


$180m Synlait placement oversubscribed
12 Nov 2020  

$180m Synlait placement oversubscribed

Synlait Milk has added $180m to its coffers after successfully completing a discounted share placing.


Synlait targets $200m in equity raise
11 Nov 2020  

Synlait targets $200m in equity raise

The company will use the money to complete its investment strategy, pay down debt, and strengthen its balance sheet.


Synlait share trading stops for expected capital raise
10 Nov 2020  

Synlait share trading stops for expected capital raise

Synlait Milk has stopped the trading of its shares in both New Zealand and Australia ahead of an announcement of a significant capital raise.


Fonterra sets out stall to combat Covid uncertainty
10 Nov 2020  

Fonterra sets out stall to combat Covid uncertainty

Fonterra is on the “home straight” of its turnaround and well-positioned to face continued Covid-19 induced global uncertainty, according to chief executive Miles Hurrell


Villa Maria eyes land sale, capital raise to boost growth
9 Nov 2020   /

Villa Maria eyes land sale, capital raise to boost growth

Villa Maria Estate is selling off 31 hectares of land in Māngere to raise funds for global expansion.


Sanford warns profit could halve as Covid bites
6 Nov 2020  

Sanford warns profit could halve as Covid bites

The fishing company says it has suffered falling prices, slow sales and poor catches.


Synlait reveals new deal with mystery multinational customer
6 Nov 2020  

Synlait reveals new deal with mystery multinational customer

Synlait Milk says it has signed a new manufacturing supply deal with “an established, global category leader” but it has not named its new customer.


SunGold to drive Zespri’s 10-year growth
5 Nov 2020  

SunGold to drive Zespri’s 10-year growth

It comes as demand for the variety across the globe remains strong.


Fonterra sustainability: Earnings up but environment work lags
4 Nov 2020  

Fonterra sustainability: Earnings up but environment work lags

The dairy co-op returns to sustainable earnings as it continues to tackle environmental challenges.


NZ King Salmon making Covid comeback
4 Nov 2020  

NZ King Salmon making Covid comeback

During the pandemic the company saw a “rapid decline” in sales.


Zespri, Synlait finalists in Deloitte Top 200
2 Nov 2020   /

Zespri, Synlait finalists in Deloitte Top 200

Zespri and Synlait have been named as finalists in the Deloitte Top 200 Awards for 2020. The kiwifruit co-op has been nominated for two awards, Company of the Year and MORE »


Terra Vitae rebounds from ‘disappointing’ FY19
29 Oct 2020  

Terra Vitae rebounds from ‘disappointing’ FY19

Last year its vineyards produced 17% below the winemaker’s budgeted target.


Synlait targets consolidation ahead of growth, board chair to exit
28 Oct 2020  

Synlait targets consolidation ahead of growth, board chair to exit

Synlait Milk has set the course for a year of consolidation following a period of substantial investment.


Comvita reports ‘strong’ revenue growth, despite loss
27 Oct 2020   /

Comvita reports ‘strong’ revenue growth, despite loss

Comvita has reported “strong” results in its first quarter, posting double-digit revenue growth.


Marlborough Wine Estates posts first profitable listed year
21 Oct 2020  

Marlborough Wine Estates posts first profitable listed year

Marlborough Wine Estates has posted its first-ever profitable year as an NZX listed company.


Talley’s buys Dairyworks’ Deep South ice cream
20 Oct 2020  

Talley’s buys Dairyworks’ Deep South ice cream

Dairyworks has sold its Deep South ice cream brand to seafood giant Talley’s for an undisclosed sum.


SeaDragon issues $2.5m in shares to Pescado
16 Oct 2020  

SeaDragon issues $2.5m in shares to Pescado

Over 83 million shares were distributed at $0.03c per share, according to an announcement from the Omega fish oil producer.


ASX-listed HVN gets OIO green light for dairy factory
14 Oct 2020   /

ASX-listed HVN gets OIO green light for dairy factory

Happy Valley Nutrition has secured Overseas Investment Office approval to develop a dairy factory in the Waikato.


Palliser Estate reports ‘higher than expected’ FY20 results
14 Oct 2020  

Palliser Estate reports ‘higher than expected’ FY20 results

Palliser Estate Wines says its FY20 results were better than expected, despite numerous Covid-19 impacts.


Fonterra to sell China farms for $555m
12 Oct 2020  

Fonterra to sell China farms for $555m

Fonterra is planning to pay down debt with $555m from the sale of farms it has developed in China.


Fonterra posts $1.3bn turnaround, reports $659m profit
18 Sep 2020  

Fonterra posts $1.3bn turnaround, reports $659m profit

Fonterra has posted an after tax profit of $659m for the year to July 2020, a $1.3bn turnaround from the $605m loss it made the previous year.


Gallo Winery buys Nobilo for $202m
30 Jun 2020   /

Gallo Winery buys Nobilo for $202m

California-based Gallo Winery has bought New Zealand wine brand Nobilo for $202m from US owner Constellation Brands. Gallo Winery is one of the largest family-owned wineries in the world with MORE »


Delegat Group eyes bigger harvest
25 Jun 2020  

Delegat Group eyes bigger harvest

Wine maker Delegat Group has lifted its expectations of the size of its grape harvest and increased revenue. The good news has boosted the share price to a high of MORE »