By Paul McBeth Feb. 22 (BusinessDesk) - Chorus's credit rating has been upgraded a notch by Moody's Investors Service following the Commerce Commission's decision on pricing for the network operator'
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
Australia-based Cleanaway is looking at buying New Zealand's largest rubbish collector, process and recycler, Waste Management, which Chinese private equity owner Beijing Capital has put up for sale,.
General Capital Limited is a financial services group with two wholly owned subsidiaries; General Finance, a Non Bank Deposit Taker that accepts deposits from the public and it lend funds to borrowers
The National party is accusing the government of “incoherent” management of Kiwibank after an amended constitution for the government-owned bank explicitly opened the door for it to be floated on
Chinese owners of one of the country’s largest rubbish disposal companies, Waste Management NZ, have sold the business to Australian-based Igneo Infrastructure Partners. The $1.9 billion transaction
By Jenny Ruth March 14 (BusinessDesk) - Final decisions on the Reserve Bank’s proposed capital requirements for banks won’t be made until the September quarter but they are already having an impa
A one-day meet-up between project managers and not-for-profit groups will provide charities with more than $6,000 each worth of professional consulting help, organisers say. The event was organised
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
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
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
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
Ascension Capital Ltd, formerly TRS Investments Ltd, is a New Zealand-based investment holding company. The company operates in the asset management industry, focusing on obtaining a transaction to ac
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
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
Local Apple watcher Sarb Johal joins to talk about Apple's Vision Pro and other news. The bank is the latest to call time on the housing correction....
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.
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
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
Mercury NZ is offering up to $300 million of unsecured, subordinated capital bonds to institutional investors and New Zealand retail investors. The offer opens today June 27, with the Capital Bonds ex
The Warehouse Group is thinning out its management structure as it refocuses on three core brands. Interim chief executive John Journee announced the disestablishment of six of its nine group executiv
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 Tina Morrison May 30 (BusinessDesk) - Augusta Capital posted a 42 percent drop in annual profit after a reduction in its directly held property portfolio led to it having a smaller increase in th
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
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