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Showing 81 - 90 of 155 results for "Forestry"

Elders to axe 10% of workforce

LAURA MILLAN  |  TUESDAY, 10 SEP 2013
... million and its net debt is $272 million, of which $166 million is debtor securitisation. Elders has also wound-down its forestry assets and has agreed to reduce from 25% to 10% its equity holding in underwriting agency Elders Insurance. Elders Limited ...

Gunns chair pleads guilty to insider trading

JAMES FERNYHOUGH  |  TUESDAY, 6 AUG 2013
John Gay, the former chairman of forestry company Gunns Limited, has pleaded guilty to insider trading. In December 2009, Gay sold 3.4 million shares in Gunns when he had inside information that the company's was faring poorly. When the company's half-year ...

NZ Super sells forestry assets to Chinese state owned company

ALEX DUNNIN  |  WEDNESDAY, 24 APR 2013
The New Zealand Superannuation Fund (NZSF) has sold a portfolio of 11 forestry blocks in New Zealand's North Island to a Chinese state owned logging group. NZSF general manager of investments, Matt Whineray said selling the forest blocks would enable ...

Hamilton prepares counter-bid for Elders forestry scheme

MARK SMITH  |  THURSDAY, 7 MAR 2013
... agricultural investment scheme managed by Elders in Western Australia. Elders is under financial pressure to offload the forestry assets and has agreed a $70 million deal with Santanol Pty Ltd. For the deal to go through Hamilton executive director Giles ...

CBUS investments in CMFEU sights

ALEX DUNNIN  |  FRIDAY, 23 NOV 2012
... broader economy - funds will have to confront more intense stakeholder scrutiny. The CMFEU's (Construction Mining and Forestry Union) Victorian branch is involved in a bitter dispute with the Grocon Building group over employee pay and conditions. The ...

Greens plan to fell Westpac-backed logging

MELANIE TIMBRELL  |  FRIDAY, 17 AUG 2012
... The Greens also used the motion to call on the Government to engage with Westpac on ending links with Solomon Islands forestry in addition to conducting an investigation into illegal forestry practices impacting the nation's industry. "Westpac promotes ...

Unions, AIST hit back at Abbott comments

ELISE BURGESS  |  THURSDAY, 15 MAR 2012
... union officials that have no corporate governance experience. Michael O'Connor, national secretary for the Construction Forestry Mining and Energy Union (CFMEU) said Abbott was fuelling his short-term political agenda and threatening millions of Australians' ...

Disclosure regulations unnecessary: FIRSTSUPER

ELISE BURGESS  |  WEDNESDAY, 15 FEB 2012
... particularly important for disclosure for members who will be transitioning into the MySuper environment," said Kell. Forestry industry super fund, FIRSTSUPER, has provided disclosure to its members for the past two years, disclosing the actual amount ...

Market Wrap - Morning

AAP  |  FRIDAY, 16 SEP 2011
... in Turkey for $US40 million ($A39.04 million) in cash. GNS - GUNNS LTD - trading suspended, last traded at 20.5 cents Forestry workers should be given their exit assistance before timber company Gunns receives its $34 million settlement under the Tasmanian ...

Food profits to rise: Macquarie

ALISON BEVEGE  |  THURSDAY, 19 MAY 2011
... Victoria to limit risk. It also produces powdered milk for export, almonds, wool and lamb. It has also ventured into forestry, which has been a dirty word in the industry since the collapse of Great Southern. Macquarie believes it has the structure right ...