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Dorchester investors exercise 134 mln options, major shareholders asked to sell down
By Paul McBeth June 5 (BusinessDesk) - Dorchester Pacific investors have exercised more options than the financial services firm was expecting and it has asked major shareholders whether they are willing to sell down their stakes in a placement. About 134 million options were...
Heartland cuts 2013 earnings guidance, taking distressed assets in-house, sees growth in 2014
June 5 (BusinessDesk) - Heartland New Zealand, which gained bank registration in December, has cut its earnings expectations after deciding to take the management of distressed assets in-house. It was more upbeat about growth in 2014. The Christchurch-based lender expects net p...
NZ dollar falls as signs of US economic growth underpin demand for greenback
By Tina Morrison June 5 (BusinessDesk) – The New Zealand dollar fell as signs of a pickup in US economic growth spurred demand for the greenback. The kiwi dropped as low as 79.63 US cents early this morning, dipping below 80 cents for the second time in a week, and recently tr...
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