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RESEND: MARKET CLOSE: NZ shares join global sell off; Gentrack plunges on profit warning

RESEND: MARKET CLOSE: NZ shares join global sell off; Gentrack plunges on profit warning

By Suze Metherell Aug. 1 (BusinessDesk) - New Zealand shares fell, led by Xero, A2 Milk Co and Pacific Edge, joining a global sell off as geopolitical risk spooked investors. Gentrack Group plunged below its offer price after saying it would miss its prospectus forecast for sa...

01 Aug 2014
Taranaki iwi Ngaruahine settles Treaty claims with Crown for $67.5 million

Taranaki iwi Ngaruahine settles Treaty claims with Crown for $67.5 million

By Suze Metherell Aug. 1 (BusinessDesk) - Taranaki iwi Ngaruahine has reached a $67.5 million settlement with the Crown for its Treaty of Waitangi claims. The settlement includes a $13.5 million payment the government made in June 2013, as well as land in the Taranaki regio...

01 Aug 2014
TRS extends Mega takeover timetable, confirms US$7mln raised

TRS extends Mega takeover timetable, confirms US$7mln raised

By Pattrick Smellie Aug. 1 (BusinessDesk) - TRS Investments, the vehicle being used to list data storage and encryption company Mega, has announced a two-month extension to Oct. 31 to gain shareholder approval for the transaction. In a statement to the NZX today, TRS confir...

01 Aug 2014