Orion's independent directors recommend takeover offer
By Jenny Ruth March 6 (BusinessDesk) - Orion Health’s independent directors are unanimously recommending founder Ian McCrae’s $1.224 per share takeover offer, saying it is about the mid-point of the valuation range arrived at by KordaMentha. KordaMentha values Orion’s share...
House price growth continues to slow nationally as Auckland values fall
By Jenny Ruth March 6 (BusinessDesk) - Growth in house prices nationally continues to slow and prices in parts of the Auckland region are actually falling, although there are still some hot spots. In Kawerau, for example, house prices were up 28.5 percent in February on a y...
RBNZ's bank capital policy will cost up to $2B a year without making banks much safer
By Jenny Ruth March 6 (BusinessDesk) - The Reserve Bank’s proposals to double minimum bank equity levels will cost New Zealand’s economy $1.5-to-$2 billion a year without making banks much safer, according to former long-serving central bank official Ian Harrison. Worse, he...
NZ dollar edges down after RBA maintains its 3% GDP forecast
By Jenny Ruth March 5 (BusinessDesk) - The New Zealand dollar is slightly weaker after trying to rally with its trans-Tasman counterpart after the Reserve Bank of Australia held its cash rate steady and maintained its 3 percent growth forecast for Australia’s economy this year...
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