NZ dollar gains as Fed rate hike timing weighed, poll shows Brexit has chance
By Jonathan Underhill May 27 (BusinessDesk) - The New Zealand dollar gained from a two-month low as a poll showed there's still a chance Britain will vote to exit the European Union next month, creating market uncertainty that may discourage the Federal Reserve from hiking int...
Merged Fairfax, NZME would have just 12% of NZ digital ad market dominated by Google, Facebook
By Jonathan Underhill May 27 (BusinessDesk) - A merger between Fairfax Media's New Zealand operations and APN News &Media's NZME unit would have 11.7 percent of New Zealand's digital advertising market, which is dominated by Google and Facebook, their application to the Commer...
Lion, NZ's largest beer company, agrees to buy cult Upper Hutt brewer Panhead, no price given
By Jonathan Underhill May 27 (BusinessDesk) - Lion - Beer, Spirits and Wine (NZ), New Zealand's biggest beer maker, has agreed to buy Panhead Custom Ales from the family of founder Mike Neilson, its second such purchase of a popular craft brewer after the acquisition of Dunedi...
Abano gains NZX waiver over sale of half stake in Bay International; deal now unconditional
By Jonathan Underhill May 27 (BusinessDesk) - Abano Healthcare Group's sale of its 50 percent stake in Bay International has been declared unconditional after the NZX granted a waiver that meant the deal doesn't need to go to a shareholder vote. The healthcare investor has...
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