Services
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Primary Sector
Wrightson capital return gets shareholder approval
By Paul McBeth July 23 (BusinessDesk) - PGG Wrightson shareholders have again given the rural services firm the thumbs up to a capital return in a tax-efficient way. Shareholders voted overwhelmingly in favour of a scheme of arrangement to distribute $234 million to invest...
Plexure sees revenue growth from White Castle deal
By Paul McBeth July 22 (BusinessDesk) - Plexure Group expects to lift revenue by an undisclosed amount after signing US burger chain White Castle as a new customer. The US fast-food operator will use Plexure's platform for mobile engagement and loyalty programmes. White Ca...
Finance
RBNZ knock-back gives Resolution chance to low-ball AMP - Jarden
By Paul McBeth July 19 (BusinessDesk) - Resolution Life may be able to wrestle more than a billion dollars from the A$3.3 billion sale price of AMP's life insurance business after a known risk came to fruition when the Reserve Bank of New Zealand didn't play ball, say Jarden a...
Law & Regulation
Air NZ to amend booking engine after lawyer’s complaint
By Victoria Young July 19 (BusinessDesk) - Air New Zealand will make changes after a lawyer complained to the Commerce Commission over scarcity pricing tactics. Barrister Michael Wigley - whose criticism over opt-out insurance led to a formal warning for the airline in 201...
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