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
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
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
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
Kiwibank’s plans for an up to $500 million capital raise to wrangle market share from its gorilla Australian rivals has failed to inspire potential investors, BusinessDesk has been told. Possible ba
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
New Zealand should seriously look at introducing a capital gains tax as a means to nix the house-price affordability crisis, says a senior executive at the country’s biggest mortgage lender. The com
Dual-listed Santana Minerals is on a trading halt while it “considers and executes” a proposed capital raise. The trading halt will remain in place until it makes an announcement to the market
A long-awaited deal to recapitalise Alliance Group appears to be nearing. Over the weekend, the Irish Times reported that Dawn Meats looked set to stump up with $270 million for a 70% stake in Allianc
Dual-listed Australian gold miner Santana Minerals has announced an A$63 million ($69m) capital raise, including a fully underwritten placement for gross proceeds of A$60 million. The placement includ
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
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
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
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 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....
Alliance Group has inked a deal with Dawn Meats with the Irish company set to take a 65% stake for $250 million. But it still requires the co-op’s farmer shareholders’ approval. It largely confir
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
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, 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 capital raise and cost cuts have helped Paper Plus New Zealand refinance and return it to the right side of the ledger. Paper Plus NZ, which operates as a co-operative and acts as the retailer’s f
Third party data: All data displayed on the FundSource pages (Data) on BusinessDesk has been sourced from an independent third party, FE Fundinfo. NZME and its related bodies corporate and affiliates (together NZME) do not make any representation as to the currency, fairness, accuracy, completeness or reliability of the Data. Nor will NZME have any liability to any person in relation to the use of or reliance on the Data.
No financial or investment advice: The Data is general information only. It is not financial product or investment advice or an investment recommendation, and has not been prepared taking into account the objectives, financial situation or needs of any person. Potential investors should seek their own independent advice from a qualified financial adviser prior to making an investment decision. NZME makes no recommendation in relation to, and accept no responsibility or ongoing liability for, any person’s investment decisions.
No offer: The Data is only to be accessed by New Zealand residents from within New Zealand, and may not be copied or distributed to any other person. The Data does not constitute an offer or solicitation to offer financial products or conduct investment business in New Zealand or any other jurisdiction.
No guarantee: Past performance information should not be relied upon as (and is not) a promise, representation, warranty or guarantee as to the past, present or future performance. NZME does not guarantee repayment of any capital or payment of any returns on capital invested in the investments referred to in the Data.
Missing data? All data comes from FE fundinfo. BusinessDesk can help you get your data loaded and updated. Email [email protected] for help.