Listed Companies
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Primary Sector
Fonterra board too often confusing governance with judgement
Departing Fonterra Cooperative Group director Simon Israel told shareholders in his farewell address that it might be time for them to consider beefing up the number of independents on the board.The Singapore-based director ended a six-year stint on the board, offering his impres...
Markets
MARKET CLOSE: NZ shares rise as Fletcher remains in MSCI index
New Zealand shares gained as Fletcher Building and Mercury NZ rose on the back of their inclusion in the MSCI New Zealand Index. The S&P/NZX50 50 Index rose by 81.92 points, or 0.8 percent, to 10876.98. Within the index, 24 stocks rose, 20 fell, and six were unchanged. Turnov...
Infrastructure
South Port goes into bat for Tiwai Point smelter
South Port New Zealand is the latest Southland firm throwing its support behind the Rio Tinto-controlled smelter across the harbour at Tiwai Point, saying the government should take the closure threat seriously. New Zealand Aluminium Smelters accounts for 33 percent of the cargo...
Infrastructure
NZOG shareholders split on deal; shares drop
The independent directors of New Zealand Oil & Gas have failed to get maximum value for their shareholders, says the New Zealand Shareholders’ Association, which plans to vote its proxies against the planned takeover by Ofer Global.The association says there are legitimate questi...
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