NZ dollar heads for 0.6% weekly gain as gradual rise in US rates take sheen off greenback
By Paul McBeth Nov. 20 (BusinessDesk) - The New Zealand dollar is heading for a 0.6 percent gain this week as the prospect of US interest rates grinding higher at a slower pace than expected took the sheen off a greenback that reached an eight-month high. The kiwi was at 65...
Cavalier promotes CFO Paul Alston to top job
By Paul McBeth Nov. 20 (BusinessDesk) - Cavalier Corp, the unprofitable carpet maker, has promoted finance chief Paul Alston to the top job, a role he's had on an acting basis since Colin McKenzie stepped down in May. Alston joined Cavalier in November 2012 as chief financi...
Cooks Food shareholders back plans to build war chest through placement, share offer
By Paul McBeth Nov. 20 (BusinessDesk) - Cooks Global Foods shareholders today backed plans to build a war chest for China's Jiajiayue Group (JJY) and chairman Keith Jackson to inject funds into the business by buying shares, before seeking further equity capital from the publi...
Pencarrow takes 38% stake in Icebreaker, appoints two directors
By Paul McBeth Nov. 20 (BusinessDesk) - Pencarrow Private Equity, whose past investments have included paper merchant BJ Ball and buggy maker Phil & Teds, has taken a 38 percent stake in merino wool clothing company Icebreaker. The Wellington-based private equity firm has t...
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