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
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
The New Zealand sharemarket ended with a modest gain, with major wine exporter Delegat Group leading the rises despite reporting a fall in earnings. The S&P/NZX 50 Index closed 27.65 points (0.21%) hi
(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
The New Zealand sharemarket ended flat on Friday as investors took to the sidelines ahead of next week’s GDP data and an all-important rate call from the US Federal Reserve. The S&P/NZX 50 Index end
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
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
Fieldays was on the campaign trail. Changes to the immigration system are causing more harm than good....
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
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.
SkyCity chief executive Jason Walbridge says he has taken Allan Gray’s criticisms of a planned equity raise into account but believes the move is in the best interests of all shareholders. “Most o
Fonterra’s shares rallied after the co-op announced that it planned to sell its consumer business to French dairy giant Lactalis, while the broader sharemarket ended weaker, driven by a decline in m
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
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
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
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
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
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.
SkyCity’s largest shareholder says a capital raise now would show poor “stewardship of capital” and reduce its confidence in the company’s board. Trading on SkyCity shares was halted yesterd
(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
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
"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,
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