Jones wants debt raising powers for NZTA
Infrastructure minister Shane Jones says the New Zealand Transport Agency should have the ability to raise debt like government housing organisation Kainga Ora. Early this year the government housing developer had its debt cap of $4.05 billion raised to $7.1 billion so that it ca...
Rakon chair hoses takeover talk
Shares in tech component maker Rakon have risen 15 percent following a media report it has received private equity interest. The stock has risen to 27.5 cents today. More than 560,000 shares have changed hands, more than seven times its 90-day average. The Financial Review report...
Rakon shares jump on takeover report
Shares in tech component maker Rakon have risen 15 percent following a media report it has received private equity interest. The stock has risen to 27.5 cents this morning. Already today 464,345 shares have traded hands, more than 6 times its 90-day average. Neither the c...
Fonterra maintains earnings guidance despite coronavirus
Fonterra Cooperative Group has maintained its earnings guidance for the 2020 season, despite lower milk collection constraining supply due to dry conditions. The dairy producer reaffirmed December’s forecast farmgate milk price range at $7-to-7.60 per kilogram of milk solids and...
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