Fiduciary duties highlighted as responsible investment increases
By Victoria Young July 10 (BusinessDesk) - Fund managers say the growing market for responsible investment may bring potential conflicts with their fiduciary duty toward clients. The responsible investment market in New Zealand rose by 2.5 percent to $188 billion last year...
Responsible investment rises as market matures, survey finds
By Victoria Young July 9 (BusinessDesk) - The level of responsible investment in New Zealand grew 2.5 percent to $188 billion last year indicating the market has matured after two years of rapid growth, says the Responsible Investment Association of Australasia. Investment...
UPDATE: Mercury faces $2 mln charge after losing tax dispute
(Updates to show Mercury's extra tax charge in 1st, 4th & 5th paragraphs; corrects headline; updates share price in last paragraph.) By Victoria Young July 8 (BusinessDesk) - Inland Revenue has won a tax case against Mercury NZ over the tax classification of two of its turb...
T&G Global inks biogas plant deal with Provincial Growth Fund
By Victoria Young July 8 (BusinessDesk) - T&G Global is part of a biogas plant project in the Bay of Plenty which will receive $7 million from the Provincial Growth Fund. New Zealand's biggest fresh produce grower will buy energy from Eco Gas Limited Partnerships, and allo...
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