Business Scoop


KiwiSaver manager Milford dumps $14m of Facebook shares

Article – BusinessDesk

March 21 (BusinessDesk) – KiwiSaver fund manager Milford Asset Management dumped its shareholdings in social media giant Facebook on Monday and joined the call from government-backed retirement fund managers for Facebook, Google and Twitter to take … Read more »

Govt fund managers call for social media changes

Article – BusinessDesk

March 20 (BusinessDesk) – The managers of five government-related funds with more than $90 billion in funds under management say they are adding their weight to callers for multi-national social media owners Facebook, Twitter and Google to take action … Read more »

No Bentley or pre-paid rent for Halifax NZ MD Andrew Gibbs

Article – BusinessDesk

March 15 (BusinessDesk) – Halifax New Zealand managing director Andrew Gibbs says his lifestyle is chalk and cheese compared with his Australian counterpart Jeffrey Worboys. Read more »

Vital’s manager shouldn’t have voted at AGM

Article – BusinessDesk

March 13 (BusinessDesk) – Vital Healthcare Property Trusts rebel investors have scored a symbolic victory with the trustee saying the trusts manager shouldn’t have voted at December’s annual meeting. Read more »

Seeka to buy Aongatete Coolstores

Article – BusinessDesk

Kiwifruit grower and marketer Seeka will purchase Aongatete Coolstores for a combined business value of $25 million as part of its growth strategy. Read more »

Voting: Annual Meeting of Vital Unitholders – Updated

Press Release – Vital Healthcare Property Trust

On 21 December 2018, NorthWest Healthcare Properties Management Limited (NWM) released the results of voting from the Annual Meeting of Vital unitholders in Auckland on 20 December 2018. Read more »

About 2000 Vodafone staff to consider voluntary redundancy

Article – RNZ

Vodafone is offering about 2100 staff the option of voluntary redundancy as it reviews the whole business structure. Read more »

Milford succession plans continue

Article – BusinessDesk

March 6 (BusinessDesk) – Milford Asset Management’s succession plans are continuing as its high-profile investment head Brian Gaynor steps back from the day-to-day management of the fund manager and acting chief executive Mark Ryland has been appointed permanently. Read more »

Shareclarity bringing gaming geekery to market analysis

Article – BusinessDesk

March 5 (BusinessDesk) – Shareclarity managing director Daniel Kieser gets up at 3.47am. Not 3.45am, 4am, or even a more sleep-enhancing 6am. Read more »

Appeal court judgment in ANZ v FMA

Press Release – Financial Markets Authority

The court of Appeal has allowed an appeal by the FMA in the matter of ANZ Bank New Zealand (ANZ) v Financial Markets Authority (FMA) Read more »

NZ share market trading perks up in February

Article – BusinessDesk

March 5 (BusinessDesk) – Share trading on New Zealand’s stock market perked up in February as a glut of company earnings and an index re-weighting gave investors something to mull over. Read more »

Generators cleared of collusion, may face ASIC inquiry – EA

Article – BusinessDesk

Feb. 28 (BusinessDesk) – The countrys major electricity generators have been cleared of tacit collusion during last years electricity price spikes but may yet be subject to investigation by the Australian Securities and Investments Commission. Read more »

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