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MARKET CLOSE: NZ shares gain as defensive stocks find favour

Article – BusinessDesk

Dec. 11 (BusinessDesk) – New Zealand shares rose, led by Contact Energy and Meridian Energy as heightened uncertainty in global markets bolsters the attraction of defensive stocks offering stable dividends. Read more »

NZ dollar firm against greenback as risk appetite ticks up

Article – BusinessDesk

Dec. 11 (BusinessDesk) – The New Zealand dollar remained firm against the greenback after news that Chinese and US officials are still talking helped alleviate some fears of a global slowdown. Read more »

UPDATED: Wrightson shareholder Agria settles US fraud

Article – BusinessDesk

Dec. 11 (BusinessDesk) – PGG Wrightson’s cornerstone shareholder Agria Corp and its executive chair Alan Lai have settled with US authorities over claims the agriculture investment firm hid losses from investors through fraudulent accounting and overstated … Read more »

UPDATE: Greater transparency sought in gas sector

Article – BusinessDesk

Dec. 11 (BusinessDesk) – The government is reviewing information disclosure requirements in the gas industry following the extended shutdown of part of the Pohokura field. Read more »

Cleantech start-up Mint Innovation raises $5.2M

Article – BusinessDesk

Dec. 11 (BusinessDesk) – Cleantech start-up Mint Innovation has raised almost $5.2 million from mostly Kiwi investors as it starts preparing for commercial deployment. Read more »

BurgerFuel starts full strategic review of business

Article – BusinessDesk

Dec. 11 (BusinessDesk) – BurgerFuel Worldwide continues to face challenges after the loss of its international partner and has called on KPMG Corporate Finance to undertake a full strategic review of the business. Read more »

NorthWest hires lobbyist to solicit Vital Healthcare votes

Article – BusinessDesk

Dec. 11 (BusinessDesk) – NorthWest Healthcare Properties Management has hired a proxy solicitation firm to lobby investors in the listed Vital Healthcare Property Trust to give their proxies to the chair, Claire Higgins. Read more »

Greater transparency sought in gas sector

Article – BusinessDesk

Dec. 11 (BusinessDesk) – The government is reviewing information disclosure requirements in the gas industry following the extended shutdown of part of the Pohokura field. Read more »

Cap proposed for transmission pricing changes

Article – BusinessDesk

The Electricity Authority plans to set a cap on any increases in customer costs resulting from proposed changes to the way almost $1 billion of annual transmission costs are shared around the country. Read more »

Ryman Healthcare: service provider or property play?

Article – BusinessDesk

Dec. 11 (BusinessDesk) – Ever since Ryman Healthcare listed on NZX in 1999, analysts have been divided on whether the company is a property play or the provider of an essential service delivered through property management and development. Read more »

CORRECT: Peter Yealands fined for unprecedented offending

Article – BusinessDesk

Dec. 11 (BusinessDesk) – Yealands Estate Wines has pleaded guilty to unprecedented offending under the Wine Act 2003 and has copped a $400,000 fine. Read more »

Ryman Healthcare: service provider or property play?

Article – BusinessDesk

Dec. 11 (BusinessDesk) – Ever since Ryman Healthcare listed on NZX in 1999, analysts have been divided on whether the company is a property play or the provider of an essential service delivered through property management and development. Read more »