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NZVIF's seed fund investment too early to predict returns, CEO Banga says
By Paul McBeth July 28 (BusinessDesk) - The government-backed New Zealand Venture Investment Fund says it's still too early to judge the performance of the Seed Co-Investment Fund, which backs early-stage firms alongside angel investors. The NZVIF invested $5.4 million in t...
UPDATE: Major Acurity shareholders launch all-cash takeover bid
(Adds Mark Stewart comment, share price) By Paul McBeth July 28 (BusinessDesk) - The three biggest shareholders of Acurity Health Group have launched a cash takeover bid for the 29 percent they don't own, valuing the private hospital operator at $112.2 million, saying the f...
Burger King widens annual losses on rising costs, increased competition
By Suze Metherell July 28 (BusinessDesk) - Blackstone Group's Burger King chain in New Zealand widened its loss in 2013 as rising sales, in an increasingly crowded burger market, were offset by higher costs for raw materials and consumables, and increased property and consulta...
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