Agribusiness unable to give progress update at annual meeting.
NZX-listed agribusiness Scales Corporation is still in discussions about potentially buying wine maker Villa Maria, but the company remains tight-lipped about details.
Scales’ business is in horticulture (mainly apples), food ingredients
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Rabobank and ANZ have appointed Calibre Partners as the receivers of the holding company, FFWL, but the value of what is owed to creditors is not yet known, and will be made public when the receivers report is published in a couple of months time.
One of its receivers, Brendon Gibson, stressed the receivership did not affect Villa Maria s domestic or international business which continues to trade profitably.
He said it was no secret that Villa Maria had been looking for a new investor for some time now, and the receivership was seen as a way to bring the sales process to a conclusion.
Market close: NZ sharemarket snaps eight-day losing streak
17 May, 2021 05:53 AM
4 minutes to read
Restaurant Brands surged 60c or 4.51 per cent to $13.90. Photo / Dean Purcell
NZ Herald
By: Graham Skellern
The lagging New Zealand sharemarket snapped an eight-day losing streak with a small but significant gain – but global marketer a2 Milk continued its slump. The S&P/NZX 50 Index raced ahead to an intraday high of 12,442.65 by lunchtime but then steadied and closed at 12,410.47, up 42.61 points or 0.34 per cent.
There were 71 gainers and 68 decliners over the whole market on light trading of 33.9 million shares worth $105.15 million.
Greg Smith, head of research with Fat Prophets, said the market had a bit of a relief bounce after the weakness last week. The inflationary concerns aren t going away, and it s a case of the market acclimatising to the prospect of a higher inflation rate and higher interest rates down the track.
Acting Vice-Chancellor Professor Bruce McKenzie said Lincoln wanted an opportunity to publicly congratulate its 2020 graduates and their families, as well as the 2021 cohort. McKenzie said it was wonderful to be back in the central city and “marching through a rejuvenated Christchurch”. “The Town Hall is a fantastic venue at which we hosted graduation ceremonies from 1994 until 2010.
ALDEN WILLIAMS/STUFF
Lincoln University PhD student Karla Lopez Reyes was among the first of the 250 PhD students to be allowed to enter New Zealand. Video first published on February 26 2020. “It is great to be back, and to be able to showcase our graduates and graduands to the people of Christchurch through the procession.
Friday, 7 May 2021, 9:41 am
The first Lincoln University Graduation at the
Christchurch Town Hall since the Christchurch earthquakes
also includes a celebration after last year’s COVID-19
cancellation.
Lincoln graduates and graduands (those
yet to graduate) will be back in town on Thursday 13 and
Friday 14 May, for the first time in 11 years.
The
last time the University’s graduating students paraded
through the city’s streets in their mortarboards and gowns
was in 2010, and this year there will be three
processions.
Last year’s ceremony could not go ahead
because of the COVID-19 lockdown so a special celebration
ceremony is being held to honour 2020 graduates on 13 May,