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NZ dollar gains vs euro amid fears Spain will seek a regional bailout for its banks
By Hannah Lynch May 30 (BusinessDesk) - The New Zealand dollar rose against the euro after Spain backtracked on its recapitalisation plan for the recently nationalised Bankia SA, stoking fears the nation may need a rescue package and sapping investors' appetite for the region's...
Scales raises $25.2 mln to refinance blocking stake in Turners & Growers, mulls Enza merger
By Paul McBeth May 29 (BusinessDesk) - Scales Corp has raised $25.2 million in a rights issue to repay funds borrowed to build a blocking stake in Turners & Growers and says it would consider a merger between T&G’s Enza unit and its Mr Apple business. Christchurch-based Scales...
NZRU re-signs five All Blacks sponsors in bid to break even next financial year
By Paul McBeth May 29 (BusinessDesk) - The New Zealand Rugby Union re-signed five sponsors for the All Blacks as it strives to balance the books next year and extract more value from the team’s brand in the face of mounting costs to run the country's national game. The NZRU si...
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