Midday Report for Wednesday 15 August 2018

12:35 PM.New Zealand's largest company, Fonterra has chosen from within its own ranks for a new chief executive, ending a worldwide search for a new boss. Audio

12:26 PM.The global Esquire coffee brand owner, Cooks Global Foods, says it has conditional agreement to buy the Mojo chain of coffee stores for 19-million dollars. Audio

12:26 PM.Gary Stead will replace Mike Hesson as Black Caps coach, New Zealand Cricket has confirmed. Audio

12:23 PM.For the latest from the markets we're joined by Rupert Lister at Hobson Wealth Partners. Audio

12:22 PM.The market operator, NZX's first half profit is down nearly 45 percent as the company continues to make changes to improve the performance of the business. Audio

12:21 PM.The financial services company Heartland Bank has reported a strong full year profit, due to a large uptake of reverse mortgages in Australia and some one-off gains. Audio

12:20 PM.The power company, Mercury, and infrastructure investor, Infratil, have joined forces to takeover the renewable energy generation company Tilt Renewables. Audio

12:19 PM.The shortage of properties for sale is continuing to drive up prices, except in Auckland. Audio

12:17 PM.The dairy cooperative, Fonterra has replaced its chief executive, and decided to review its operation and direction. Audio

12:00 PM.The first strike by primary and intermediate teachers in nearly a quarter of a century is underway. Rescue workers in Genoa are searching for survivors after a section of a motorway bridge collapsed.