Friday, July 1, 2022

Investment


Investors cut primary sector stocks

Investors cut primary sector stocks

ByHugh StringlemanMay 10, 2022
The S&P/NZX Primary Sector Equity Index has fallen by 13% since the beginning of the year as nervous investors sell down shares in agricultural companies despite high commodity prices. The primary sector index of 17 New Zealand listed companies in…

Leaft Foods’ protein project secures more funds

ByAnnette ScottApr 13, 2022
Leaft Foods promoters Maury Leyland Penno, Ross Milne and John Penno say bringing an all-in-one protein to the market will create a pathway for NZ farmers to diversify into a…

Blue Sky Meat takeover goes unconditional

ByBusinessDeskApr 5, 2022
Southern Lamb made the offer with 50.35% already in its pocket, having secured acceptances from Blue Sky’s second, third and fourth-largest shareholders, giving it effective control.Blue Sky Meat’s largest shareholder…

Anzco buys biotech company

ByStaff reporterApr 1, 2022
Anzco chief executive Peter Conley says Moregate Biotech is well-established in all its key markets, has a strong distribution network and direct supply to end-users, and has a well-recognised brand…


Directors call to delay Blue Sky Meats takeover

Directors call to delay Blue Sky Meats takeover

ByNeal WallaceMar 23, 2022
In a letter to shareholders, the chair of the company’s independent committee urged shareholders not to sell until they receive…
Local plant-based foods to expand

Local plant-based foods to expand

ByHugh StringlemanMar 21, 2022
PLANT-BASED protein company Sustainable Foods (SFL) is part way through a $2 million fundraising to build its range of products…
Fonterra winds down India joint venture

Fonterra winds down India joint venture

ByBusinessDeskMar 14, 2022
Fonterra chief executive for Asia-Pacific Judith Swales says covid-19 caused significant disruption to the Indian market.Dairy co-operative Fonterra and India’s…
MyFarm closes CQuest at $13m

MyFarm closes CQuest at $13m

ByHugh StringlemanMar 9, 2022
MyFarm general manager of investments Con Williams says there had been more investor interest since the start of the year…
Agritech options open for innovators

Agritech options open for innovators

ByRichard RennieMar 8, 2022
Maria Jose Alvarez, investment manager for venture capital fund WNT Ventures, is one of several speakers addressing this year’s 2035…
Blue Sky Meats takeover bid launched

Blue Sky Meats takeover bid launched

ByNeal WallaceMar 8, 2022
In 2016, Chinese-backed NZ Binxi (Oamaru) Foods made an unsuccessful $25.3m bid for Blue Sky Meats.Two cornerstone shareholders have launched…
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