All News
NZX adviser cuts $10k settlement over dodgy Trade Me deal, keeps name secret
By Paul McBeth Dec. 7 (BusinessDesk) - An unnamed adviser at a registered NZX participant firm will pay a $10,000 settlement with the market watchdog after getting found out on a backroom deal to get Trade Me shares when the online auction site was floated last year. The advis...
Turners and Growers forecasts FY net loss up to $19M on orchard writedowns
Dec. 7 (BusinessDesk) - Turners & Growers, the fruit marketer controlled by Germany’s BayWa Aktiengesellschaft, changed its guidance and is now forecasting a full-year loss, reflecting a writedown of its orchards. “Early indications are that there will be write-downs, particula...
Commonwealth Bank shows hand as first foreign holder of Fonterra units
Dec. 7 (BusinessDesk) – Commonwealth Bank of Australia is the first overseas investors to disclose a substantial holding in units of the Fonterra Shareholders’ Fund that debuted a week ago. Funds associated with Australia’s biggest lender hold 7.4 percent of the units, according...
Prev
