Self-titled “contrarian” fund manager Allan Gray has upped its stake in KMD Brands in what was likely a $24 million block sale last week. Of the 50.5m KMD Brands shares traded on Oct 10, many were
Welcome to On the Money, our weekly column on money and the people making it. Former SkyCirty chief executive Graeme Stephens pictured above. Former SkyCity chief executive Graeme Stephens was qu
Fletcher Building’s largest shareholder would support new director Tony Dragicevich to become its chair. Dragicevich, current managing director of listed Australian aluminium manufacturer and dist
Speculation around Fletcher Building drove the stock higher while the broader market weakened ahead of Wednesday’s rate call from the Reserve Bank of New Zealand. The S&P/NZX50 index ended at 11,694
The Reserve Bank of New Zealand’s decision to keep its official cash rate on hold while also signalling a slightly lower interest rate track gave NZ stocks a boost at the end of what has been a disa
Australian fund manager Yarra Capital Management has divested 7% of dual-listed retailer, KMD Brands. A Friday evening substantial holding notice posted on the Australian Securities Exchange (ASX) sho
"Happy departments are all alike; every unhappy department is unhappy in its own way." Former conservation minister Kiri Allan may have gotten into hot water for outbursts against departmental staff,
(Corrects details of Humphry Rolleston's sale of his company to Southbury in par 13) By Jenny Ruth May 6 (BusinessDesk) - Government officials wrongly decided after a flying visit to his Timaru headq
Welcome to My Net Worth, our regular column on the lives and motivations of our country’s top business, legal and political people in their own words. Kiritapu Lyndsay Allan (Ngāti Ranginui, Ng�
By Sophie Boot July 15 (BusinessDesk) - Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching
By Paul McBeth Aug. 1 (BusinessDesk) - Moa Group, the craft beer brewer, has raised about $329,000 from a US investor who paid a 6.8 percent premium for the small shareholding, and announced a board r
By Fiona Rotherham Oct. 14 (BusinessDesk) - South Canterbury Finance’s corporate governance practices, insisted on by its late chairman Allan Hubbard, directly contributed to the failure of what was
Fieldays was on the campaign trail. Changes to the immigration system are causing more harm than good....
By Paul McBeth Sept. 6 (BusinessDesk) - Australian investment firm Allan Gray has halved its stake in NZME since the local media group reported underwhelming earnings last month, spurring a 22 percent
By Paul McBeth April 18 (BusinessDesk) - The High Court has upheld a ruling that former 1980s highflyer Allan Hawkins' Budget Loans and Evolution Finance misled 21 borrowers while enforcing loan contr
By Paul McBeth Dec. 17 (BusinessDesk) - The Commerce Commission has filed criminal proceedings against two finance companies run by former 1980s high-flyer Allan Hawkins over their debt recovery pract
Prime minister Jacinda Ardern has appointed acting ministers to the emergency management and conservation portfolios following news that the sitting minister, Kiri Allan, will take a leave of absence.
Welcome to My Net Worth, our regular column on the lives and motivations of our country’s top business, legal and political people in their own words. After graduating with an honours degree in ch
Convicted fraudster and 1980s high-flyer Allan Hawkins says he's too old to get up to trouble and is representing himself against a management ban being sought by the Commerce Commission. The 78-ye
Since late 2022, contrarian Australian investor Allan Gray has built an almost 15% stake in struggling retailer KMD Brands. The NZ Super Fund is also boosting its holding in the retailer that owns t
Roger Gray is the chief executive of Port of Auckland. An experienced leader, Gray started his career in the Australian Army, retiring as a lieutenant colonel specialising in logistics. He arrived in.
Fletcher Building’s largest shareholder, Allan Gray, is concerned that the building giant may not be able to get a reasonable price for its residential arm. The dual-listed building conglomerate a
The buzz around generative artificial intelligence throughout 2023 has been a double-edged sword. Its instant accessibility to so many people through free platforms has opened their minds to the pow
(Adds comment from Allan Gray) By Pam Graham March 17 (BusinessDesk) - Allan Gray Australia says it cut its stake in APN New & Media because the share price had risen. The fund manager has cut its st
Fletcher Building has a new director. Managing director and chief executive of Australian aluminium manufacturer Capral, Tony Dragicevich, will join the New Zealand Exchange (NZX) listed building gia
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