Rockit Global chief says supply surge hit profits, recovery plan under way
Rockit plans a three-year reset after supply outpaced demand post-Cyclone Gabrielle. Source: NZ Herald Business News
Morningstar to expand coverage of 10 to 12 KiwiSaver providers
Firm identifies growth opportunity in New Zealand market. Source: NZ Herald Business News
NZ stocks end lower while Eroad tanks – Market close
New Zealand stocks finished down in line with weakness in major markets. Source: NZ Herald Business News
Meat processor Alliance Group confident Dawn Meats proposal will succeed despite last minute bid to keep it Kiwi-owned
Alliance director Mark Wynne is confident the Dawn Meats deal will proceed. Source: NZ Herald Business News
PGG Wrightson’s board shake-up raises questions over Agria and Elders’ motives, Jarden downgrades a2 Milk – Stock Takes
Agria and Elders used their combined 56% stake to oust the board leaders. Source: NZ Herald Business News
Farmers launch last‑minute plan to block Dawn Meats’ $270m Alliance bid
The co-operative’s profit swung to $20m after a $90m turnaround this year. Source: NZ Herald Business News
NZ stocks retreat from record high – Market close
New Zealand shares lost ground after rallying on the back of a cut in the OCR. Source: NZ Herald Business News
Government’s Chorus investment could be worth more than $1.2 billion
Nicola Willis says selling the telco stake could unlock capital for new projects. Source: NZ Herald Business News
Reserve Bank rate cut lifts NZ property stocks as investors chase yield – Stock Takes
Local property shares jumped 14.9% in the September quarter, topping global peers. Source: NZ Herald Business News
Fonterra hits back after Winston Peters questions $4.2b Mainland sale plan
Fonterra says farmers will vote on the sale to France’s Lactalis on October 30. Source: NZ Herald Business News