Neal Wallace

A lack of investor interest has forced Canterbury milk processor Synlait Milk to defer its initial public offer (IPO), by which it hoped to raise $150 million.

A moderate El Nino weather pattern means conditions for the start of summer should be about normal for Otago, consigning to history one of the coolest Octobers on record.

Merino wool prices appear to have weathered a difficult market at last week's sale of New Zealand wool in Melbourne.

Environment Canterbury chief executive Bryan Jenkins has defended his council's handling of water consent renewals for the Mackenzie Basin, saying the council has worked with landowners to reduce the impact and cost of the process.

Fonterra has successfully manoeuvred through the first two stages of capital restructuring, with shareholders yesterday overwhelmingly supporting two of the three proposed changes.

The release of Scales Corporation Ltd's profit results for the year ended June, signalled the start of the NZX listing process for a new company incorporating three major assets controlled by South Canterbury businessman Allan Hubbard.

The country's two largest meat companies are investigating sourcing lamb from Uruguay to supply their markets outside the New Zealand lamb season.

Business New Zealand still hopes the changes to the emissions trading scheme will be adopted, even though a Government Select Committee looking at those amendments failed to agree on whether the Bill be passed.

Behind-the-scenes efforts are under way to find a new funding stream to train shearers and shedhands.

Shareholders in biotechnology company Botry Zen have approved a share purchase deal to fund expansion.

Long-awaited contributions from sales have helped Dunedin biotechnology company Blis Technologies report a vastly improved six-month deficit of $11,000 before tax and finance costs.