Abano to sue biggest shareholder for takeover costs
By Paul McBeth April 20 (BusinessDesk) - Abano Healthcare Group will sue its biggest shareholder Healthcare Partners Holdings for unpaid costs stemming from the investor's latest attempt to wrest control of the medical services investor. The Auckland-based company today ki...
Te Tumu Paeroa, Quayside Holdings plan $30 mln kiwifruit orchard investment
By Paul McBeth April 20 (BusinessDesk) - Maori trustee Te Tumu Paeroa and Bay of Plenty Regional Council investment arm Quayside Holdings plan to spend $30 million to build 10 kiwifruit orchards on Maori land in the next year and a half. The orchards would be the biggest i...
Restaurant Brands annual profit rise 7.8% as trans-Tasman KFC delivers, hikes dividend
By Paul McBeth April 20 (BusinessDesk) - Restaurant Brands New Zealand, the fast food operator, lifted annual profit 7.8 percent as its local KFC business generated record sales, bolstered by the recently acquired Australian KFC business, allowing directors to increase dividen...
Mercury nudges up earnings guidance on increased hydro generation
By Paul McBeth April 20 (BusinessDesk) - Mercury Energy, the electricity generator-retailer formerly known as MightyRiverPower, increased annual earnings guidance 2 percent as unseasonably strong inflows in the Waikato catchment lifted the power company's hydro generation. ...
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