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Napier Port share offer pitched in a $2.27 to $2.60 range

Napier Port shares will be offered in a $2.27 to $2.60 range.The float, which will see the holding of its current owner – Hawke's Bay Regional Council – drop to 55 per cent, will raise [...]

By | July 15th, 2019|Categories: Business|0 Comments

NZ Super Fund investing into a $300m hotel portfolio

The NZ Super Fund is taking the plunge into tourism, investing into a $300 million hotel portfolio which includes two properties in Auckland and one in Christchurch, with the intention of buying others.The phased investment [...]

By | July 15th, 2019|Categories: Business|0 Comments

Australian-based Pact Group receives $3 million grant for a recycled food packaging plant

The Government has given $3 million to a company to develop New Zealand's first 100 per cent recycled plastic food packaging plant. The funding comes from the Ministry of the Environment's Waste Minimisation Fund and [...]

By | July 15th, 2019|Categories: Business|0 Comments

NZ June quarter inflation seen blipping higher on petrol price spike

Key inflation data due out tomorrow is likely show a slight uptick in prices over the June quarter due to higher petrol costs, but the underlying picture is expected to reinforce the case for at [...]

By | July 14th, 2019|Categories: Business|0 Comments

Conservation comment: Pines death to NZ life forms

NEW Zealand has always been challenged to move from commodity mass production to targeting higher value, whether it be in agriculture, tourism or our manufacturing businesses.In this country's frantic race to deliver on a throw-away... [...]

By | July 14th, 2019|Categories: Business|0 Comments