Financial Markets Authority moves against Longhorn fund forecasting 50pc return

The Financial Markets Authority Te Mana Tātai Hokohoko has placed an interim stop order on a scheme which aimed to raise $20 million for a Flat Bush housing project, forecasting a record 50 per cent return.The action is against... Source: NZ Herald Business News

By | March 28th, 2022|Business|0 Comments

Graeme Hart's Rank Group looking at having another go at floating Carter Holt – report

Graeme Hart's Rank Group is reportedly looking again at floating building supplies group Carter Holt Harvey.Local investment bank Forsyth Barr and Australian firm Barrenjoey have been appointed to advise on a potential A$1 billion... Source: NZ Herald Business News

By | March 27th, 2022|Business|0 Comments

Air New Zealand gets further $180m taxpayer support from cargo scheme

Air New Zealand has won the bulk of funding from the Government's extension of the air cargo support scheme with a further $180 million boost for cargo revenue.The announcement comes as the airline's deadline for a long-delayed... Source: NZ Herald Business News

By | March 27th, 2022|Business|0 Comments

Defiant family refuse to sell $50m Sydney property to developers

On a huge block of land surrounded by a housing development lives a defiant Sydney family who refused to give up their beloved property.The two-hectare stretch of land at The Ponds sticks out like a sore thumb after rows of hundreds... Source: NZ Herald Business News

By | March 26th, 2022|Business|0 Comments

Fishing giant to investigate box waste on Otago Peninsula

Fishing giant Sealord is reviewing how it stops waste going overboard from its vessels after more than 50 cardboard boxes washed up on the Otago Peninsula this week.Broad Bay resident Barrie Mangan was walking his dog along Allans... Source: NZ Herald Business News

By | March 25th, 2022|Business|0 Comments

Money Talks: Jono and Ben – from sleeping in cars to blowing big money on pranks

Jono Pryor and Ben Boyce have built a highly successful broadcasting career in TV and radio, which is lucky because they never had a 'plan b', they tell Liam Dann on the Money Talks Podcast."Mowing lawns," says Pryor. "I like... Source: NZ Herald Business News

By | March 25th, 2022|Business|0 Comments

Queues for Costco membership, months before Auckland store opens

By RNZ Customers have been queuing to get their hands on a coveted Costco membership months before the country's first store officially opens.The American wholesale store giant is due to open its first New Zealand store on Gunton... Source: NZ Herald Business News

By | March 25th, 2022|Business|0 Comments

Political figure identified in former rich-lister's trial seeks Court of Appeal hearing to keep suppression

A political figure mentioned in evidence at the trial of a wealthy businessman convicted of indecent assault and corruption is seeking another hearing in their bid to maintain name suppression.Documents were filed with the Court... Source: NZ Herald Business News

By | March 25th, 2022|Business|0 Comments

Apple reportedly working on iPhone hardware subscription service

Apple is reportedly planning to unveil a subscription service for its iPhones and other devices – a shift that will make owning an iPhone or iPad like paying for a monthly music subscription."People with knowledge of the matter"... Source: NZ Herald Business News

By | March 25th, 2022|Business|0 Comments

Z Energy shareholders vote in favour of Ampol, Australia fuel supplier offer

Shareholders in Z Energy have voted in favour of the company being bought by Australia's biggest fuel supplier, Ampol.The scheme of arrangement was passed by the required majority of shareholders – 75 per cent or more of the votes... Source: NZ Herald Business News

By | March 25th, 2022|Business|0 Comments