Heartland trumps Turners in bid for MTF cornerstone stake
By Paul McBeth Oct. 13 (BusinessDesk) - Heartland New Zealand, the listed bank, says it may offer to pay 30 percent more than financial services firm Turners to buy a cornerstone stake in auto-financier Motor Trade Finances. The Auckland-based lender says it may pay $1.50 a...
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...
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