By Fiona Rotherham April 24 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, has changed two senior management roles in a bid to push its value-add strategy harder in
The US Large Value Trust ("the Fund") is a unit trust, as defined in the Units Trust Act 1960.The beneficial interest in the Fund is divided into units, with each unit representing an equal interest i
New Zealand Exchange-listed Blackpearl Group has launched a $10 million capital raising to fund further expansion into the US. The raise followed the company reaching $10m in annual recurring revenue.
Analysts reacted to Stride Property Group's annual results, post-balance date developments and flagging share price by upgrading their recommendations to various euphemisms of "buy." On the day the re
By Sophie Boot June 22 (BusinessDesk) - Property For Industry's managers will reap a $42 million payday after the industrial property investor's shareholders voted to internalise its management con
Goodman Property Trust will pay $290 million to its Australian-listed management company and shareholder Goodman Group to internalise its management function. Bringing management in-house will cost th
New Zealand fund managers have shown very mixed performances in making profits for their owners in 2024. That’s taking a step aside from how the funds they manage are performing, something of far mo
Prime minister Chris Hipkins says New Zealand’s relationship with China going into the future will require “careful” management – in the context of an increasingly complex global environment.
By Rebecca Howard Sept. 26 (BusinessDesk) - Dairy giant Fonterra Cooperative Group is bringing its focus squarely back to New Zealand as it prioritises value over volume. It’s not the first time t
Ethical concerns are more important than ever for tech providers as customers are increasingly looking to work with companies making a positive impact, Datacom says. This was one of the key changes th
ANZ Bank NZ said its chief financial officer Stewart Taylor will become acting managing director of funds management from the end of this month. This is a new role created since Craig Mulholland, mana
The Wellington district court has fined Waste Management $450,000 for the chemical poisoning of employee James Gideon in August 2017. Gideon was overcome by hydrogen sulphide gas emitted at a treatmen
Waste Management New Zealand has refunded $5.6 million to residential customers and is working on refunding more customers after a Commerce Commission investigation found it had likely breached the F
By Jonathan Underhill March 24 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, will lose its Portfolio Investment Entity (PIE) status from July 1 because the value of.
A select committee has heard that road cones and other traffic management requirements can add significant extra costs to infrastructure projects. Ross Copland, the chief executive of the Infrastructu
Estate planning and investment firm Perpetual Guardian Group has acquired Castle Point Funds Management for an undisclosed sum to expand its retail market presence. Signed Tuesday, the acquisition of.
Another review into civil defence functions at Auckland council has found wider emergency processes were not up to scratch before the fatal Auckland floods earlier this year. Four people died and hund
Fonterra has promoted two of its leaders to its management team as the co-operative looks at options for its consumer business. Fonterra's president Atlantic, Richard Allen, has been appointed preside
Pushpay Holdings’ board of directors are pressing ahead with a scheme of arrangement vote after an independent valuer found the takeover offer scraped into its acceptable range. US-based private equ
Online sharetrading platform Sharesies has acquired Orchestra, an Auckland start-up providing private companies with investor solutions. Orchestra launched in 2020 after crowdfunding platform Snowball
Online sharetrading platform Sharesies has acquired Orchestra, an Auckland start-up providing private companies with investor solutions. Orchestra launched in 2020 after crowdfunding platform Snowball
CBL Corporation's managing director, Peter Harris, says he will not take on any management or director positions at any public company or licensed insurer in New Zealand after admitting to breaching s
The government has placed the failed Du Val property development group into statutory management. It follows 64 Du Val companies and the group’s founders, Charlotte and Kenyon Clarke, being put into
Adapting to climate change will be a balancing act between helping those in need while ensuring people take responsibility for managing climate risk, a new report from Parliament says. The Finance and
Placing property developer Du Val into statutory management had “Cold War vibes” about it, a lawyer for the group’s founders told the High Court at Auckland on Monday. On Aug 21, the Government
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