Property
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Retail
Fletcher: better year ahead after slight gain in 2019?
Fletcher Building shares ended calendar 2019 in positive territory for the first time in three years, gaining 4.3 percent.Last year's gain follows a 34.7 percent decline in 2018 and a 28.3 percent fall in 2017 after 2016's 50.6 percent gain.Fletcher shares began 2016 at $6.97, pe...
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Arrow International liquidators receive $46m of claims
The liquidators of Arrow International are working through almost 500 claims from unsecured parties who say they’re owed about $46 million from the failed building company.BDO’s Andrew Bethell, Andrew McKay and Colin Gower said employee wages of $730,000 and a tax bill of $553,00...
Markets
NZ Super Fund on board with Metlifecare takeover
The New Zealand Superannuation Fund has agreed to sell its 19.9 percent stake in Metlifecare to European private equity firm EQT in a $1.5 billion takeover.Metlifecare’s board signed a scheme implementation agreement with the private equity fund manager and recommended shareholde...
Services
Metlifecare buyer needs weekend to finalise $1.49b bid
Metlifecare’s mystery buyer has completed due diligence for its $1.49 billion takeover bid but needs the weekend to get final approval for the deal. The retirement village operator’s board completed negotiations for a scheme implementation agreement – which needs a lower level of...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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articles by Oliver