Steel & Tube Holdings is unlikely to pay a final dividend this financial year and may have to raise equity as its earnings and debt come under pressure, according to research house Craigs Investment Partners

Changes to industrial relations proposed in the Employment Relations Amendment Bill are driving a "them v us" approach in the workplace says EMA.

People risks, such as the loss of a key person and talent attraction and retention, are top of mind for directors in the fourth Directors’ Risk Survey Report by Marsh and the Institute of Directors.

|| Exhibitors from 19 regions will meet with buyers from eight countries when New Zealand’s biggest business events industry showcase, CINZ MEETINGS 2018 starts in host city Auckland tomorrow.

Airlines are frustrated at the quality of service at Auckland Airport. Justin Tighe-Umbers, executive director of the Board of Airline Representatives of New Zealand (BARNZ) says his members expect their passengers to have a high-quality experience at the airport, yet it is increasingly clear to the travelling public that they are getting a substandard service.

Philippines-based poultry group Bounty Fresh Foods has sent the offer document for its $437.8 million takeover bid for NZX-listed Tegel Group to all shareholders and said the minimum acceptance condition will be satisfied

Mainfreight posted a 6.3 percent gain in full-year profit on a record result in New Zealand and growth in Australia and said the strong performance meant it would pay record bonuses to its managers.

Synlait Milk (NZX: SML; ASX: SM1) is pleased with the progress made on the building of its advanced liquid dairy packaging facility by Tetra Pak.  The two companies have worked together for over ten years, beginning with the building of Synlait’s anhydrous milkfat (AMF) plant in 2007.

The new facility will produce fresh milk and cream for Foodstuffs South Island's private label brands from early 2019, and will be a platform for Synlait to pursue a range of dairy-based products for export markets.

Tetra Pak is a subsidiary of the Tetra Laval Group, which is a multinational food packaging and liquid food processing company focusing on milk. It is considered a world leader in sterile packaging plants that can offer a range of packaging formats.

“Synlait and Tetra Pak are working closely to ensure the new facility includes as many new technology advances as possible, and that we make the most of any new product offerings,” says Neil Betteridge, Director Operations.

“The $125 million facility will be highly automated and include milk track and trace systems, and the latest PET inline sterile bottle blowing technology. We will also have cool store automated packing and order-picking gantries,” says Mr Betteridge.

“All of these capabilities combine to create a smart, modern and efficient facility that can produce both domestic products for the South Island market and export products to the highest food safety standards,” he says.

The facility will be one of the most sophisticated fresh milk and cream processing facilities in New Zealand, and will produce up to 24,000 bottles per hour.

Construction of the facility began in February and preliminary work such as foundations and site services were completed in May. The focus has now shifted to completing exterior walls and making the facility watertight, in order to begin the internal construction of processing equipment and facilities.

Synlait’s advanced liquid dairy packaging facility is expected to be commissioned in early 2019.

“We are excited about this new chapter in our history and we will be looking to hire talented operations staff to operate the new facility in late 2018,” says Mr Betteridge.

Scales Corp shares dropped 6.2 percent as managing director Andy Borland halved his stake in the NZX-listed agribusiness with the shares trading near a record high

First NZ Capital grows dark on Fonterra as capital spend fails to spur earnings.  First NZ Capital has cut its rating on Fonterra Shareholders' Fund units as the dairy cooperative's seeming inability to convert capital investment into earnings growth and poor track record in adding value raises questions over its ability to retain domestic suppliers