Australian fund manager Yarra Capital Management has divested 7% of dual-listed retailer, KMD Brands. A Friday evening substantial holding notice posted on the Australian Securities Exchange (ASX) sho
The entity originally set up to deliver light rail in Auckland will be wound down within months, officials believe, after narrowly avoiding being rebranded as a property management company. The coalit
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
A $6.5 million public research project into low-emission steel production is preparing to go commercial and tap into private funding for expansion. A materials science team led by Paihau-Robinson Rese
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
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
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
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
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’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
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
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
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'
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
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
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
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
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.
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
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
Last week, a US private equity manager agreed to pay about A$3.3 billion (NZ$3.6b) to buy the ASX-listed Insignia Financial. CC Capital outbid two rival US private equity firms, Bain Capital and Brook
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
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
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