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 Pattrick Smellie Feb. 21 (BusinessDesk) - The Tax Working Group’s final recommendations urge the government to make a broad extension to the capital gains tax regime while allowing low and middle
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....
By Poppy Johnston Higher mortgage repayments, rents and other elevated living costs have been dampening spirits and keeping consumer confidence subdued. The latest survey from Westpac and the Melbourn
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
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....
A slower-than-expected December has led Briscoe Group to downgrade its profit guidance. In a trading update to the New Zealand Exchange (NZX) on Friday, the group, which owns Briscoes and Rebel Sport.
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
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
Former Aroa Biosurgery chief operating officer Scott Sherriff has been appointed managing director of New Image Group. Sherriff takes over from Alan Stewart, who will continue to serve as a director a
A cross-Trasman share trading index would unlock new capital opportunities for NZX-listed companies, Jarden’s co-chief executive has argued. Sarah Rennie said a new index would attract more global c
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 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
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
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....
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
The country’s largest prescriber of medicinal cannabis is looking to attract $6 million in a capital raise. Waseem Alzaher, chief executive of the Green Leaf Group, which runs the Takapuna-based Can
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
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
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
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
By Paul McBeth Aug. 5 (BusinessDesk) - Vitaco Health Group will need more capital if it goes ahead with plans to expand its Auckland manufacturing and warehousing, which it says shareholders should be
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