Graeme Hart to float part of packaging empire in US$1.37b IPO
By Rebecca Howard | Wed, 22 Jan 2020
Kiwi billionaire Graeme Hart is looking to raise up to US$1.37 billion selling part of his packaging empire in an initial public offering. Reynolds Group Holdings last year said its second-larges...
Electric Kiwi passes 50,000 customers, urges faster reform
By Jenny Ruth | Wed, 22 Jan 2020
Power retailer Electric Kiwi is celebrating having signed up its 50,000th customer five years after its first but is complaining at the slow pace of implementing last year's electricity price review r...
Investore shareholders query elderly Countdown supermarket purchase
By Victoria Young | Thu, 16 Jan 2020
Investore Property shareholders were reassured an ageing Countdown supermarket in Auckland’s Mount Wellington was a good addition to its $750.6 million portfolio at a vote on its acquisition today.&nb...
Card spending dips in December but momentum still strong
By Rebecca Howard | Thu, 16 Jan 2020
Consumers may have spent less in December after hitting the shops in November, but momentum remains strong as low interest rates continue to spur spending.Total retail spending fell a seasonally adjus...
Margin pressure continues at Michael Hill although sales rise
By Victoria Young | Thu, 16 Jan 2020
Michael Hill International says group sales were up 3.3 percent over the December quarter but gross margins remain below historical levels. The Australasian jeweller said total sales rose to A$20...
Bendon parent Naked needs another US$15m to keep BNZ onside
By Paul McBeth | Wed, 08 Jan 2020
Bendon’s Nasdaq-listed owner Naked Brand Group needs to raise another US$15 million to keep Bank of New Zealand onside.Naked has raised US$32.4 million by issuing new capital and selling convertible n...
