News
Mainfreight board resist pressure for fresh blood
The board of the transport company Mainfreight is resisting pressure by institutional investors to introduce fresh blood around the table and replace their long-serving auditors with someone new.
Restaurant Brands
Fast food chain operator Restaurant Brands is looking to expand its Australian KFC franchise brand.
Xero says it's on track to meet growth targets
Xero is on track to meet its growth targets, according to the cloud accounting software company's founder and chief executive Rod Drury.
TGG ownership change likely to fuel takeover speculation
One of China's biggest fruit wholesalers has emerged as a significant shareholder in local produce exporter T&G Global.
Nuplex Industries takeover set to go ahead
Nuplex Industries looks set to be taken over by Belgian chemical manufacturer Allnex New Zealand, after 98 percent of shareholders voted in favour of the billion-dollar offer.
Sky TV shareholders give nod to Vodafone merger
Shareholders in Sky Network TV have overwhelmingly approved a proposed merger with Vodafone NZ, with 99.6 percent approving the deal.
Hellaby sells to focus on core sectors
Diversified investment company Hellaby Holdings is selling its Equipment Group business to a private equity fund for $81 million.
Markets in turmoil after 'leave' win
Brexit - Global financial markets are erratic, with the pound hitting a 31-year low in its biggest fall on record. Audio
Stride listing Investore on NZX as part of portfolio expansion
Property investor Stride is spinning off its Investore subsidiary in an IPO as part of a plan to buy 14 supermarket properties currently occupied by Countdown.
Firms told not to be panicked into hiring consultants
Small and medium-sized businesses are being urged to take advantage of free advice to help them address new health and safety laws.
Stride Property's full year net profit up a third
Stride Property has seen its full-year net profit rise by more than a third, reflecting increased property values and rents.
Sale of Auckland Finance Centre falls through
A deal to sell Augusta Capital's Auckland Finance Centre for $87 million has fallen through, but the property company says it is not planning to put it back on the market.
Final days for Kathmandu takeover bid
Briscoe Group is still trumpeting the virtues of its takeover offer for Kathmandu, despite having received few takers.
Warning over Auckland retirement units
An analyst is warning of a growing risk of an oversupply of retirement units in Auckland.
Crystal-maker Rakon returns to profitability
Crystal timing device manufacturer Rakon has returned the company to profitability, following a period of restructuring and asset sales. Audio
Fonterra lowers dividend in 'tough' conditions
Fonterra has reported a drop in half-year earnings and lowered its dividend. Video, Audio
Fletcher Building profit down
One-off costs have knocked Fletcher Building's half-year profit with results showing a 25 percent drop in net profit.