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.
By Paul McBeth Sept. 18 (BusinessDesk) - Pyne Gould Corp is trying to litigate its way into a $22 million windfall over money it says it's owed from the 2013 sale of Perpetual Trust. The investment
On day one of the New Zealand Infrastructure Investment Summit in Auckland, an Italian construction giant declared it was returning to the country. On day two, the Italian tunnelling firm Ghella annou
By Sophie Boot Sept. 26 (BusinessDesk) - Pyne Gould Corp and Bath Street Capital won't go to court over what's owed in relation to Pyne Gould's sale of Perpetual Trust. In September last year, Guern
Australian Foundation Investment Company Limited specializes in investing in Australian equities. The company has a diverse portfolio of 75 Australian companies. The company follows a dividend reinves
By Paul McBeth Oct. 2 (BusinessDesk) - Pyne Gould Corp says it's more likely to head back to the courtroom to pursue payments from the sale of Perpetual Trust. The Guernsey, UK-based asset manager a
By Jenny Ruth Feb. 7 (BusinessDesk) - Investors in ASB perpetual preference shares are likely ecstatic that Commonwealth Bank of Australia has decided to redeem them on May 15. CBA says the two tranch
By Alice Uribe SYDNEY— Perpetual has agreed to sell its corporate trust and wealth management businesses to buyout firm KKR in a deal worth around A$2.18 billion (NZ$2.3b). The Australian financia
By Paul McBeth Feb. 27 (BusinessDesk) - Pyne Gould Corp, whose 2014 accounts are being looked into by the market regulator, reported a first-half loss as it was hit with foreign exchange adjustments a
Christchurch-based property developer Wolfbrook has bought the property management business of the failed Du Val group. Investment Portfolio Management Limited Partnership (IPM) managed around 450 pr
By Fiona Rotherham Nov. 14 (BusinessDesk) - It’s understood there has been a settlement of a compensation claim brought by the receivers of collapsed finance company Capital + Merchant against trust
(Updates with NZ Guardian's argument, adds more detail to case history throughout, reserve decision) By Suze Metherell March 26 (BusinessDesk) - Mark Hotchin, principal of failed finance company Hano
By Sophie Boot Sept. 27 (BusinessDesk) - Investment advisory firm Saturn Portfolio Management has lost a court battle with pension provider i-Select after a judge rejected its allegations of a conspi
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....
Improved operational performance has resulted in Melody Dairies pulling off its best first-half performance since it was formed seven years ago, its largest shareholders say. However, long-standing ba
Kiwibank has confirmed it will sell up to $250 million of perpetual preference shares to New Zealand investors and that the new shares will count as tier 1 capital for regulatory purposes. The PP shar
Miles Hurrell has reshuffled Fonterra Co-operative Group’s management as it prepares for its consumer divestment. Richard Allen will continue as the co-op’s president of global ingredients, and hi
ANZ Bank New Zealand is considering a perpetual preference share offer of up to $250 million. In an announcement to the debt market on Monday, the bank said the shares (PPS) would not have a fixed ter
Kiwibank is considering raising more capital by selling up to $250 million of perpetual preference shares to New Zealand investors. The perpetual preference shares will count as tier 1 capital. The ba
The long-running corporate stoush between Pyne Gould Corp and Bath Street Capital has come to an end with Andrew Barnes agreeing to pay $13.5 million to the former owner of Perpetual Trust. The partie
By Paul McBeth Aug. 29 (BusinessDesk) - Pyne Gould Corp says it's more likely to head to court to recover what it claims it's owed on the sale of Perpetual Trust to Bath Street Capital five years ago
By Paul McBeth Aug. 2 (BusinessDesk) - Perpetual Guardian, which embarked on a series of acquisitions over the past three years, plans to list its shares publicly by the end of 2016 in a $150 million
JP Morgan Asset Management and Craigs Investment Partners announced a strategic partnership with a multi-year memorandum of understanding. The partnership aims to leverage the strengths of both organi
Perpetual Guardian Group has bought the private wealth division of Trustees Executors for an undisclosed sum. The deal will give the group a new set of high-wealth clients. The acquisition doesn’t i
By Paul McBeth Sept. 30 (BusinessDesk) - Pyne Gould Corp, which today blamed its auditor for the late filing of its annual report, is suing Bath Street Capital and Andrew Barnes for at least $22 mil
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