OPINION: Why Abano fell to the sixth takeover bid
By Jenny Ruth | Tue, 12 Nov 2019
It's a case of sixth time lucky for the latest takeover bid for Abano Healthcare and hardly surprising, given the company's warnings the sharks were circling.
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Four auditors vied for lucrative Fonterra contract
By Paul McBeth | Tue, 12 Nov 2019
Fonterra's chosen auditor, KPMG, was just one of four audit firms to throw its hat in the ring to put dairy cooperative's books under the microscope.
Mercury advances second stage of Turitea wind farm
By Gavin Evans | Tue, 12 Nov 2019
Mercury NZ has committed to a further $208 million investment at its Turitea wind site, less than eight months after initiating the first stage of the development.
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UPDATE: Mercury advances Turitea, warns of regulatory risk
By Gavin Evans | Tue, 12 Nov 2019
(Adds comment from first paragraph on wholesale pricing, regulatory risk.) Mercury NZ says the electricity market is under stress and needs new generation investment if high wholesale power prices...
Heartland needs to lift return on equity: Greenslade
By Jenny Ruth | Tue, 12 Nov 2019
Heartland Group Holdings needs to lift its return on equity closer to comparable benchmarks in Australia, managing director Jeff Greenslade told shareholders at today's annual meeting. "Despite exc...
Mercury advances second stage of Turitea wind farm
By Gavin Evans | Tue, 12 Nov 2019
Mercury NZ has committed to a further $208 million investment at its Turitea wind site, less than eight months after initiating the first stage of the development.The company now plans to build the 27...
NZ dollar gains amid heightened China concerns
By Gavin Evans | Tue, 12 Nov 2019
The New Zealand dollar firmed as doubts about the pace of an interim China-US trade deal and renewed violence in Hong Kong weighed on sentiment.The kiwi was trading at 63.69 US cents at 8am, from 63.4...
Four auditors vied for lucrative Fonterra contract
By Paul McBeth | Tue, 12 Nov 2019
Fonterra's chosen auditor, KPMG, was just one of four audit firms to throw its hat in the ring to put dairy cooperative's books under the microscope.Chief financial officer Mark Rivers told shareholde...
MARKET CLOSE: NZ shares gain, retirement villages buoyed by Auckland housing market bounce
By Paul McBeth | Mon, 11 Nov 2019
New Zealand shares gained, led by Summerset Group, as retirement village operators extended their gains following signs of a recovery in the Auckland property market. Abano Healthcare jumped on a take...
NZ dollar rises, shrugging off US-China trade war woes
By Jenny Ruth | Mon, 11 Nov 2019
The New Zealand dollar rose, shaking off concerns that the US may not lift tariffs on Chinese imports as much as hoped and as the market jockeys for position ahead of the Reserve Bank's monetary polic...
Card spending stalls; dearer petrol crowds out other goods
By Paul McBeth | Mon, 11 Nov 2019
Spending on credit and debit cards fell for the first time in four months, with dearer petrol prices in October blamed for soaking up more of people's pay packets. Statistics New Zealand figures s...
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