'Pros' significantly outweight 'cons' of GeoOp merger with InterfaceIT, adviser's report says
By Paul McBeth April 15 (BusinessDesk) - The pros of GeoOp's planned merger with Australian mobile sales app developer InterfaceIT "significantly outweigh" the cons of the deal, says the independent adviser hired to assess the deal. Auckland-based GeoOp, which develops a w...
Carter Holt mounts last-ditch bid to toss out leaky schools claim
By Paul McBeth April 13 (BusinessDesk) - Carter Holt Harvey has gone to the Supreme Court in Wellington today in a final effort to toss out a claim that it's liable for the cost of fixing about 890 leaky school buildings. The Auckland-based building products maker wants the...
Infratil sees bigger earnings for 2017, has up to $1 billion to spend
By Paul McBeth April 13 (BusinessDesk) - Infratil expects underlying earnings to rise in 2017, helped by its retirement village business and has as much as $1 billion to spend on investments. Underlying earnings before interest, tax, depreciation and amortisation from conti...
RBNZ says insurance sector has improved under its watch, plans to look at the law
By Paul McBeth April 12 (BusinessDesk) - The Reserve Bank says New Zealand's insurance sector is healthier since it took responsibility for monitoring the industry five years ago and the central bank plans to have a look at the law to make sure it's still working. The RBNZ...
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