Midday Report for Wednesday 12 November 2014

12:35 PM.News from the rural and farming sectors. Audio

12:26 PM.The New Zealand opener Tom Latham was planning a quick chat with his father this morning after completing his maiden Test century against Pakistan. Audio

12:25 PM.For the latest from the markets we're joined by Melika King at Craigs Investment Partners. Audio

12:23 PM.Comvita has made a first half net loss of nearly 3-point-3-million dollars on sales of 59-point-7 million. Audio

12:21 PM.The property trusts Kiwi Income and Goodman Property have both recorded a significant drop in net profit for the past six months, while DNZ Property Fund has posted a large increase. Audio

12:19 PM.Fonterra has given farmers little hope of any improvement in the farmgate milk price for the rest of the season. Audio

12:17 PM.The Reserve Bank says the housing sector risk to New Zealand's financial stability has reduced, but there are increasing risks posed by the weakness in wholesale dairy prices. Audio

12:00 PM.A relative of Philip Smith's victim spurns his promise of an apology and the Reserve Bank says home lending restrictions will stay. Audio