MARKET CLOSE: NZ shares extend gain as A2 hits new record; Ryman, Metlifecare, Summerset drop
By Sophie Boot Oct. 24 (BusinessDesk) - New Zealand shares eked out another gain as the market digested the details of the governing deals made by the incoming Labour government, with A2 Milk hitting a fresh record while retirement village stocks fell. The S&P/NZX50 Index e...
Merged media company could impose paywall, cut news quality, ComCom lawyer argues
By Sophie Boot Oct. 24 (BusinessDesk) - A merged media entity of the country's biggest newspaper publishers could cut coverage quality or introduce a paywall without losing much advertising revenue, disadvantaging the public, the Commerce Commission's lawyer told the Wellingto...
Dairy fund takes stake in Lewis Road to support NZ, international expansion
By Sophie Boot Oct. 24 (BusinessDesk) - Dairy farming investment fund Southern Pastures has taken an undisclosed but significant stake in Lewis Road Creamery, with executive chairman Prem Maan set to join the Lewis Road board. The investment "will enable further expansion o...
Ardern promises proactive govt, regional support as she names Labour Cabinet members
By Sophie Boot Oct. 20 (BusinessDesk) - Prime Minister-elect Jacinda Ardern has announced her cabinet, although their portfolios will stay unknown until next week. The Labour Party's cabinet positions will be held by Ardern, David Clark, Clare Curran, Kelvin Davis, Chris Hi...
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