Alliance Group has hit the pause button on its farmer-shareholder capital raise. “The board's preference is for Alliance to remain a 100% farmer-owned co-operative. However, raising the desired ca
Get fit. Build a sustainable model. Transform. That was the three-phase strategy Alliance Group laid out in 2015 – a plan for operational efficiency and to capture more market value. Then-chair Murr
Alliance Group’s current owners must now have a debate over whether they want to lose control of their co-operative or give recapitalising it themselves another crack, an existing shareholder says.
The Reserve Bank of New Zealand sets out two options that "materially reduce" capital requirements relative to prior decisions made in 2019, but warns the changes are not a silver bullet. “Both opti
A plan to reform the country’s capital markets has been dropped from the Government’s most recent quarterly action plan, but Commerce Minister Scott Simpson says this doesn’t mean progress isn�
Dairy Goat Co-operative has set itself a “formula for success”. Quite literally, in fact, given that it’s the name of the Hamilton-based, farmer-owned dairy goat processor’s five-year strategy
By Edwin Mitson Nov. 22 (BusinessDesk) - The New Zealand dollar gained against its US and Australian counterparts, consolidating above US 70 cents following a run of falling sharply against the greenb
Precinct Properties is looking to form a new capital partnership involving Auckland's PwC Tower to fund further developments. Alongside Precinct's full-year result on Wednesday, chief executive Scott.
China is “deeply concerned” about a joint statement from prime minister Jacinda Ardern and Australian prime minister Scott Morrison. The two prime ministers met this week in Queenstown and release
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
After 15 years of service, Jeff Greenslade will step down from his role as chief executive of the Heartland Holdings Group at the end of 2024. Ellie Comerford, who has served on the Heartland board f
By Jonathan Underhill June 1 (BusinessDesk) - Chow Group went public in 2016 through a reverse listing with big plans to raise capital to bankroll a portfolio of accommodation and hotels but two year
Media agency GroupM has hired John Halpin from Australian firm Apparent to become its New Zealand chief executive. The global media giant, owned by WPP, has appointed the New Zealander to lead its
Award-winning advertising agency Special Group is set to open a new office in Wellington, vowing to take on rivals for government contracts in the capital. The independent group believes it can take o
A large amount of the capital earmarked to be returned from Fonterra Co-operative Group’s Mainland Group divestment could be heading for debt repayment. The long-awaited deal to sell off Fonterra’
By Paul McBeth March 14 (BusinessDesk) - The government's Tax Working Group is encouraging submissions on capital gains taxes and land taxes, while stressing that owner-occupier housing is out of boun
New Zealand cybersecurity firm Bastion Security Group is expanding into Australia by acquiring Melbourne company Cythera for an undisclosed sum. Together, the companies will provide cybersecurity ser
By Jenny Ruth Nov. 21 (BusinessDesk) - The 11-member Tax Working Group is unlikely to be able to meet its key task of designing a capital gains tax because the group can’t agree on it, says former
By Stuart Condie Mexican food chain Guzman y Gomez, which says it wants to operate as many restaurants in Australia as McDonald’s, has begun trading on Australia’s securities exchange after the
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
Nothing is off the table. That’s how Alliance Group chief executive Willie Wiese puts it as the co-operative looks at every possible option for its future capital structure. These span everything f
By Pattrick Smellie Sept. 20 (BusinessDesk) - A capital gains tax on the sale of investment property, businesses, shares and other assets such as farms is a step closer if the interim report of the Ta
Alliance Group, the country’s only fully farmer-owned meat co-operative, is going to its farmer-shareholders for more capital. The move comes after the co-op reported a $70 million loss in its most
Trans-Tasman chemical company DGL Group went public on the NZX and ASX this morning after raising $100 million of growth capital. DGL issued 100 million new shares, at $1 each, in an oversubscribed in
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
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