Tegel set to de-list as Bounty crosses 90% threshold
By Paul McBeth Aug. 24 (BusinessDesk) - Tegel Group Holdings is set to de-list from the NZX after Bounty Fresh Foods crossed the 90 percent threshold in its $437.8 million takeover bid ensuring it can force hold-out shareholders to sell. The Philippines poultry company own...
NZ Post says ACC, NZ Super Fund claim over Kiwibank sale has no merit
By Paul McBeth Aug. 24 (BusinessDesk) - New Zealand Post says a warranty claim by Accident Compensation Corp and the New Zealand Superannuation Fund over their investment in Kiwibank is without merit, but the state-owned entities are in talks to resolve the dispute. The Cr...
NZ dollar falls as US, China trade talks drag on
By Paul McBeth Aug. 24 (BusinessDesk) - The New Zealand dollar fell as US and Chinese officials tried to find common ground in a protracted trade dispute that threatens to slow the global economy. The kiwi dropped to 66.34 US cents as at 8am in Wellington from 66.68 cents...
Colonial Motor Co lifts annual profit 13% on buoyant car market
By Paul McBeth Aug. 23 (BusinessDesk) - Colonial Motor Co lifted annual profit 13 percent as a buoyant car market drove the motor vehicle distributor closer to cracking a billion dollars of revenue. Net profit attributable to shareholders rose to $25 million, or 74.6 cents...
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