ACC buys bulk of Utilico's Infratil share sale

Thu, 15 Jan 2015

By Paul McBeth Jan. 16 (BusinessDesk) - The Accident Compensation Corp's investment arm, which manages $26.96 billion of assets to help fund the state-owned workplace insurer, lifted its stake in infrastructure investor Infratil, buying most of the shares sold by UK investment house Utilico Investments earlier this week. ACC bought 7.36 million shares for about $21.8 million on Jan. 14, taking its stake in Infratil to 11.3 percent, and cementing its spot as the company's biggest shareholder, according to documents lodged with the stock ex...
Markets
MARKET CLOSE: NZ shares rise as optimism over covid drug buoys Asia
Dan Brunskill | Mon, 13 Jul 2020

New Zealand shares joined a rally across Asia, as upbeat investor sentiment spilled over from Wall Street's close on Friday on optimism over a late-stage trial for a hopeful covid-19 treatment.  Th...

Law & Regulation
SFO probes Labour Party on donations
Victoria Young | Mon, 13 Jul 2020

The Serious Fraud Office has confirmed a fifth investigation into electoral funding, stating today it is looking into donations to the Labour Party.The agency said the probe relates to donations made...

Markets
NZ dollar little changed as global shares defy worsening covid news
Jenny Ruth | Mon, 13 Jul 2020

The New Zealand dollar was little changed as traders awaited further trend-setting information and as rising share markets were offset by Florida reporting a US record for new covid infections. The...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.