Genesis Energy agrees to buy NZOG's stake in Kupe field for $168 mln
By Paul McBeth Nov. 16 (BusinessDesk) - Genesis Energy will buy New Zealand Oil & Gas's stake in the Kupe gas and oil field for $168 million, which the country's biggest electricity retailer expects will immediately boost annual earnings. The deal will increase Genesis's s...
Investore Property posts maiden first-half result as standalone entity
By Paul McBeth Nov. 16 (BusinessDesk) - Investore Property, the property investor carved out of its manager Stride Property earlier this year, posted its maiden first-half results and signalled annual dividends are still on track to meet expectations. The Auckland-based pr...
Shanghai Pengxin head Jiang Zhaobai exits NZ farming operation's board
By Paul McBeth Nov. 15 (BusinessDesk) - Chinese billionaire Jiang Zhaobai has left the board of his New Zealand farming operation, though he isn't giving up on the nation's agribusiness sector. Jiang retired as a director of Milk New Zealand Holdings, the vehicle which own...
Stats NZ data delays highlights reliance on Wellington office
By Paul McBeth Nov. 15 (BusinessDesk) - Statistics New Zealand's decision to review the schedule of data releases after this week's 7.5 magnitude earthquake left its Wellington headquarters unusable for up to a year has highlighted the agency's reliance on the head office. ...
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