Fonterra shareholders and ex-directors Colin Armer, Greg Gent push for slimmed-down board
By Paul McBeth Oct. 13 (BusinessDesk) - Fonterra Cooperative Group shareholders and former directors Colin Armer and Greg Gent are calling for the world's biggest dairy exporter to trim its board in a resolution they want voted on at this year's annual meeting. The pair hav...
NZ dollar extends gain as local inflation comes into focus
By Paul McBeth Oct. 13 (BusinessDesk) - The New Zealand dollar extended its gains for a seventh day as holiday in the US kept global markets quiet, and as local inflation data comes into focus for traders assessing whether the Reserve Bank will cut interest rates again. The...
Vitaco trademark tax deductions attract query from IRD
By Paul McBeth Oct. 12 (BusinessDesk) - Vitaco Health Group, the food supplements business formed through the merger of Healtheries New Zealand and Nutra-Life & Fitness, is being questioned by the Inland Revenue Department over $6.8 million of tax deductions claimed on a trade...
NZ angel investors shun new investments in first half as total funding falls
By Paul McBeth Oct. 12 (BusinessDesk) - New Zealand angel investors scaled back their support for new investments in the first half of the year, instead preferring to top up funds to firms already in their portfolios, as the amount of money invested fell 20 percent from a year...
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