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Trade Minister McClay upbeat about progress on FTA front with EU
By Rebecca Howard Sept. 14 (BusinessDesk) - Trade Minister Todd McClay is upbeat after European Commission president Jean-Claude Juncker said he wants to ink a free-trade agreement with New Zealand by October 2019, but acknowledged it will be a challenge. "I was very pleas...
Turners Automotive's $25 million placement fully subscribed
By Paul McBeth Sept. 14 (BusinessDesk) - Turners Automotive Group's $25 million placement was fully subscribed yesterday with the underwriter not called on to top up the discounted offer. The Auckland-based company sold about 8.3 million shares at $3.02 apiece yesterday, w...
Windflow Technology calls time on turbine manufacturing, sells UK assets to biggest shareholder
By Jonathan Underhill Sept. 14 (BusinessDesk) - David Iles, a US shareholder of Windflow Technology who bankrolled its UK activities, will take control of the unprofitable turbine maker and forgive some $21 million of loans in exchange for the company's UK subsidiaries. The...
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