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While you were sleeping Volatility rules the day
By Margreet Dietz June 25 (BusinessDesk) - Stocks on both sides of the Atlantic, US Treasuries and gold fell, though pared some of their earlier losses, amid concern about the reduction of central bank stimulus in the world's largest economy and worry about the prospects for Chi...
PFI shareholders back Director Property Fund merger
June 24 (BusinessDesk) - Shareholders in industrial property investor Property for Industry have thrown their support behind a merger with Direct Property Fund to create a commercial property empire worth $812 million. About 99.7 percent of PFI shareholders backed the merger res...
TrustPower to ask shareholders for 6.8 percent bump to directors’ fee pool
June 24 (BusinessDesk) - TrustPower, the utility controlled by Infratil, will ask shareholders to bump up the directors’ fee pool by 6.8 percent after a three-year hiatus. The Tauranga-based electricity generator and retailer wants investors to approve lifting the pool of direc...
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