News in Brief
News in Brief
NZ First pledges to support aquaculture
New Zealand First is pledging up to $100 million over time to expand marine farming and aquaculture ventures in the future, said party leader Winston Peters.Funds will come from either the covid-19 response and recovery fund or the provincial growth fund, he said in a speech on t...
Finance
Positive Super Fund result despite covid-19
Covid-19 walloped global markets but the New Zealand Superannuation Fund managed to post a positive return.“Over the past financial year we have endured a profound and globally far-reaching crisis. It presented a hugely challenging environment that put the fund’s resilience to th...
Charter Hall buys half stake in BP's properties
Australian property fund management firm Charter Hall has acquired a half stake in BP’s New Zealand retail property portfolio for $262 millionCharter Hall has put together a fund to buy 49 percent of a portfolio of 70 properties to be leased back to BP in New Zealand. BP will kee...
Sanford’s Kuntzsch resigns
The chief executive of Sanford, Volker Kuntzsch has resigned after seven years at the helm of the seafood firm.Chair Rob McLeod said Kuntzsch’s last day will be Sept. 18.In the interim, chief operating officer Andre Gargiulo will be acting chief executive. The board said it would...
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