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MARKET CLOSE: NZ shares rise, A2 Milk hits fresh record, Tegel drops on NZX 50 exit
By Sophie Boot June 16 (BusinessDesk) - NZ shares gained as A2 Milk Co rose to a record after upgrading its sales guidance again, and Fletcher Building advanced, while Tegel Group Holdings fell as it left the benchmark index. The S&P/NZX 50 Index rose 36.4 points, or 0.5 pe...
Ex-Powerhouse chair can't be forced off board despite being 'economical with the truth'
By Jonathan Underhill June 16 (BusinessDesk) - The former chair of Powerhouse Ventures can't be forced off the board without a meeting of shareholders even though the ASX-listed, Christchurch-based technology incubator says he was "economical with the truth" in his application...
CORRECT: ACG to buy Intueri schools out of voluntary administration for undisclosed sum
(Fixes reference to receivership in headline) By Paul McBeth June 16 (BusinessDesk) - ACG Education, the private equity-owned education services provider, has agreed to buy failed NZX-listed private training provider Intueri Education Group's seven New Zealand vocational sc...
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