ODT

BusinessAugust 13

Goodwill write-off hits PGG Wrightson result

PGG Wrightson's decision to write off goodwill of $321.1 million has seen it report a $306.5 million loss for the year to June 30.

BusinessMay 14

Tough year takes toll on PGGW earnings

A challenging year for farmers is expected to be reflected in PGG Wrightson's full-year result, the farm services company predicting a substantial drop in earnings.

BusinessFebruary 27

PGG Wrightson first-half result boosted but uncertainty remains

Farm services company PGG Wrightson saw its first-half profit boosted 55% to $4.8 million, but ongoing uncertainties in the agricultural sector prevail for the remainder of the year.

BusinessDecember 19

Two PGG staff accept voluntary redundancy

Two employees have accepted voluntary redundancy at PGG Wrightson's Dunedin office, after completion of the first stage of a consultation process around restructuring.

DunedinNovember 19

PGG Wrightson to shed jobs

PGG Wrightson is restructuring part of its Dunedin operation, but the company will not say how many jobs are on the line.

BusinessAugust 22

Major turn around by PGG Wrightson

PGG Wrightson has achieved a major change in fortunes, with a net profit after tax of $24.5 million for the year ended June, following the previous year's loss of $30.7 million.

BusinessFebruary 22

PGG posts $3.1m profit

PGG-Wrightson - controlled by Singapore-based Agria - has delivered a turnaround result from last year's first-half loss of almost $6 million for an after-tax profit of $3.1 million.

BusinessDecember 21

Most wool prices ease at final sale of year

Prices for most types of wool finished cheaper than the previous sale a week ago, at the last wool sale for the year in Christchurch.

BusinessNovember 18

PGG Wrightson opening office in Beijing

PGG Wrightson is establishing an office in Beijing, aimed at delivering revenue and profit generating business for the company in China.

BusinessOctober 30

Wool brands placed in grower trust

PGG Wrightson has transferred the assets of the international Wools of New Zealand (WNZ) and Laneve brands to the Wools of New Zealand Trust, a 100% grower-owned entity.

BusinessAugust 31

Heartland settles aquisition of PWF

Heartland New Zealand's acquisition of PGG Wrightson Finance has been finalised.

BusinessAugust 30

Depositors remaining loyal to Heartland

Heartland New Zealand retail depositors continued to demonstrate strong loyalty, group treasurer Craig Stephen said yesterday.

BusinessAugust 29

$30m loss an 'ugly' result for PGG Wrightson

PGG Wrightson has recorded a net loss after tax of $30.7 million for the year ended June - a year which the rural services company has described as "defining".

NewsAugust 5

Uncertainty brings down prices

Prices for most styles of wool finished cheaper again at this week's combined sale of North Island and South Island wool in Christchurch.

BusinessJuly 20

Heartland $3m extra bid

The proposed Heartland bank will seek an extra $3 million to take its overall capital raising to $58 million, to go towards the $100 million purchase of listed PGG-Wrightson's rural loan book, valued at up to $430 million.

BusinessJune 30

PGGW takes control of WPI as door closes

PGG Wrightson has taken direct control of Wool Partners International (WPI), with WPI trading from today as PGG Wrightson Wool.

NewsJune 22

Growers buy NZ Merino half-share

Merino growers have voted to buy PGG Wrightson's half-share in New Zealand Merino for $7.625 million.

BusinessJune 14

PGG-W sells rural loans to Heartland

PGG-Wrightson has agreed to sell its finance division's up to $430 million rural loan book to fledgling bank Heartland New Zealand for about $100 million, which includes capital raising of a minimum $55 million from private placement and a share purchase plan.

NewsJune 1

PGG Wrightson to sell share holding

PGG Wrightson is selling its half-share in New Zealand Merino for $7.625 million, putting the company totally in the hands of its grower shareholders.

BusinessApril 15

Key shareholding in PGGW for Ngai Tahu

Ngai Tahu Holdings plans to take a $15 million cornerstone shareholding in PGG Wrightson through its involvement in a joint venture with major Chinese agriculture companies.

BusinessMarch 21

Vibrant times for PGG-Wrightson

NewsMarch 17

PGG-W moves on Wool partners

A revived entity to represent strong-wool farmers across the country has been announced by listed rural services company PGG-Wrightson, following an unsuccessful bid to set up a competing co-operative.

NewsMarch 13

Bid to create new wool farmers' co-operative

PGG Wrightson will support wool growers in putting together another capital-raising bid to form a new marketing co-operative, George Gould said in an interview with the ODT at the Upper Clutha A and P Show on Friday.

BusinessFebruary 21

PGGW takeover party withdraws

Shareholders look likely to miss out on a financial windfall now there is little chance of a bidding war for rural servicing company PGG Wrightson.

BusinessFebruary 7

Company directors recommend wait before acceptance

Independent PGG Wrightson directors have recommended shareholders accept a partial takeover of the listed rural servicing company by cornerstone shareholder Agria (Singapore), but said they should wait until nearer to April's offer deadline before deciding.

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