Saville’s Utilico sells more Infratil shares

Article – BusinessDesk

May 27 (BusinessDesk) – Utilico Investments has continued to sell shares in infrastructure investment firm Infratil, and now owns just 2.5 percent of the company. Read more »

NZ wool prices decline as buyers favour South Island wools

Article – BusinessDesk

May 27 (BusinessDesk) – New Zealand wool prices slipped at yesterday’s North Island auction compared to the higher values achieved at last week’s South Island selection, with lamb wool leading the fall. Read more »

Silver Fern shareholders to vote on Shanghai Maling deal

Article – BusinessDesk

May 27 (BusinessDesk) – Shareholders of meat processor Silver Fern Farms will have a second vote on whether to approve its planned tie-up with China’s Shanghai Maling Aquarius in July, though the board intends to go ahead with the deal irrespective … Read more »

Silver Fern Farms:Details of Special Meeting

Press Release – Silver Fern Farms

Dunedin 27 May 2016: Silver Fern Farms has today settled the statement from two of the 80 requisitioners, in a form that Silver Fern Farms is willing to include in its Notice of Meeting, and has set a date of Monday 11 July to hold the Special Meeting. Read more »

NZME and Fairfax apply for authorisation to merge

Press Release – Commerce Commission

The Commerce Commission has received an application from Wilson and Horton Limited (trading as NZME) and Fairfax NZ Limited seeking authorisation to merge their media operations in New Zealand. Read more »

Lion to buy cult Upper Hutt brewer Panhead

Article – BusinessDesk

Lion, NZ’s largest beer company, agrees to buy cult Upper Hutt brewer Panhead, no price given Read more »

PwC supports NZ Milk Futures to manage milk price risk

Press Release – PwC

The NZX today launched a NZ Milk Futures contract that will eventually provide the opportunity for large and small dairy farmers to proactively risk manage milk price movements and volatility. Read more »

Airways gives airlines a break with cheaper prices

Article – BusinessDesk

May 27 (BusinessDesk) – Airways Corp, the government-owned entity in charge of air traffic control, will give airlines a break with cheaper prices, while hiking them for smaller operators. Read more »

Abano Goes Unconditional on Sale of Audiology Shareholding

Press Release – Abano Healthcare Group Limited

Abano Healthcare Group (NZX: ABA) has advised that the $32 million sale of its 50% shareholding in Bay International Limited to interests associated with Peter Hutson is now unconditional and settlement of the sale is expected to occur on 17 June 2016. Read more »

Trilogy more than doubles annual profit on soaring sales

Article – BusinessDesk

May 27 (BusinessDesk) – Trilogy International, which yesterday said it bought a stake in a Chilean rosehip producer, more than doubled annual profit as sales of its skincare and home fragrance products soared and it benefited from the acquisition … Read more »

Bay International deal now unconditional

Article – BusinessDesk

May 27 (BusinessDesk) – Abano Healthcare Group’s sale of its 50 percent stake in Bay International has been declared unconditional after the NZX granted a waiver that meant the deal doesn’t need to go to a shareholder vote. Read more »

NZ dollar falls as Fonterra forecast disappoints market

Article – BusinessDesk

May 26 (BusinessDesk) – The New Zealand dollar fell after Fonterra Cooperative Group gave a lower-than-expected opening forecast for the 2017 milk payout, which it said partly reflected a strong currency, stoking expectations the Reserve Bank will cut … Read more »

SkyCity deal to prepare ground for Adelaide expansion

Article – BusinessDesk

May 26 (BusinessDesk) – SkyCity Entertainment Group, New Zealand’s only listed casino, has signed a deal with the South Australian government on preliminary works to prepare for the expansion of its Adelaide casino and the wider redevelopment of the site. Read more »

Ross Asset Management investor McIntosh allowed to appeal

Article – BusinessDesk

May 26 (BusinessDesk) – The Supreme Court has granted former Ross Asset Management investor Hamish McIntosh leave to appeal the Court of Appeal’s ruling that he could keep the $500,000 he managed to extract from the Ponzi scheme before its failure, … Read more »

Funding shortfalls for health set to continue under

Press Release – Association of Salaried Medical Specialists

The Government had an opportunity to fund public hospitals and health care properly after years of funding shortfalls and decided not to, says Ian Powell, Executive Director of the Association of Salaried Medical Specialists (ASMS). Read more »

Budget-a big disappointment

Press Release – New Zealand Kindergartens

The government had the ideal opportunity to invest education dollars where it matters most, in early childhood education (ECE) but failed with its 2016 budget. Read more »

North Island Levels Generally Steady

Press Release – NZWSI Weekly Wool Market Report

New Zealand Wool Services International Ltds CEO, Mr John Dawson reports that aligned to the last comparative offering of North Island wools on 12th May, there were minimal changes except for the high volume of short second shears which eased … Read more »

John Key fails New Zealand with no fix for housing crisis

Press Release – New Zealand Labour Party

John Key fails middle New Zealand with no fix for housing crisis, more underfunding of health Read more »

Queen of Property sees social housing as a moral obligation

Press Release – Thornton Communications

Todays Budget announcement about social housing doesnt go far enough to helping ordinary New Zealanders, says Queen of Property Nicolette Connors. Read more »

SKYCITY signs Agreement with South Australian Government

Press Release – SKYCITY

SKYCITY Entertainment Group has today signed an agreement with the South Australian Government for the start of early works as part of the expansion of the Adelaide Casino and the broader development of the Adelaide riverbank precinct. Read more »

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