Midday Report for Wednesday 7 August 2019

12:35 PM.Fonterra plans to sell down its share in the Chinese infant formula manufacturer Beingmate, after failing to find a buyer for the entire stake. Audio

12:26 PM.The All Blacks say they're far bettered prepared for this week's Bledisloe Cup Test in Perth than they were for their opening two Rugby Championship games. Audio

12:24 PM.For the latest from the markets we're joined by Andrew Austin of Jarden Securities. Audio

12:22 PM.The Financial Markets Authority's says its patience with businesses in the sector resisting change is wearing thin. Audio

12:20 PM.The dairy cooperative, Fonterra, is set to take further hefty losses in the Chinese infant formula manufacturer Beingmate as it moves to reduce its stake. Audio

12:17 PM.The country's number three retail bank, ASB, has posted its ninth consecutive record profit as its margins have shrunk and it's finding business more subdued. Audio

12:00 PM.A Whanganui woman sentenced for her granddaughter's murder. Terror convicted gains learner driver's licence while in jail. Audio