Rangatira-controlled Hellers buys Australia's Moira Mac for undisclosed sum
By Paul McBeth July 26 (BusinessDesk) - Sausage-maker Hellers has continued its foray across the Tasman buying Victoria's Moira Mac Poultry for an undisclosed sum and adding A$40 million of revenue to its income stream. Wellington-based Rangatira Investments, which control...
NZ Super Fund unfazed by Bloom Energy's IPO pricing
By Paul McBeth July 26 (BusinessDesk) - The New Zealand Superannuation Fund isn't concerned that US fuel cell maker Bloom Energy is trading below what the Kiwi pension fund paid for its 2.4 percent stake, saying it's a long-term investor. California, US-based Bloom went pu...
NZ beneficiaries hit hardest by rising rents, petrol prices
By Paul McBeth July 26 (BusinessDesk) - Rising rents, high power bills and more expensive petrol fell most heavily on New Zealand's beneficiaries in the June quarter, with those receiving government support facing the fastest inflation in the period. Consumer prices for be...
NZ dollar gains as efforts to cool trade war weigh on greenback
By Paul McBeth July 26 (BusinessDesk) - The New Zealand dollar gained as attempts to soothe growing trade between the US and Europe allayed concerns about the spreading trade war, weighing on the greenback and bolstering investors' appetite for riskier assets. The kiwi ros...
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