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Turners Automotive plans to raise $30M to fund growth, improve liquidity

Turners Automotive plans to raise $30M to fund growth, improve liquidity

By Tina Morrison Sept. 13 (BusinessDesk) - Turners Automotive Group intends to raise as much as $30 million by selling new shares to help fund future growth and provide more liquidity for its stock. The Auckland-based company will raise $25 million through the placement of...

Tina Morrison 12 Sep 2017
Dave Taylor steps down after 8 years as CEO of Steel & Tube

Dave Taylor steps down after 8 years as CEO of Steel & Tube

By Jonathan Underhill Sept. 13 (BusinessDesk) - Steel & Tube Holdings chief executive Dave Taylor has resigned and will leave next week after eight years running the listed steel building supplies company. In a brief statement, chair Susan Paterson said the company is final...

NZ dollar sustains gains after jumping on National's poll recovery

NZ dollar sustains gains after jumping on National's poll recovery

By Jonathan Underhill Sept. 13 (BusinessDesk) - The New Zealand dollar jumped late yesterday, and held onto its gains overnight, after the latest opinion poll showed the National Party back in the lead and with the numbers to govern alone. The kiwi was trading at 72.88 US c...