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Chinese National Grid Set To Bid For NZ Capital's Power Network

Wellington, April 8 NZPA - Two Chinese companies are bidding separately for Wellington's power grid, Forbes magazine says.

Just Water International shows $17.7m loss

Wellington, Sept 3 NZPA - Just Water International Limited (JWI) has released "unacceptable" full year results showing a $17.7 million loss in consolidated earning before interest and taxes (ebit).

NZX the only local company named in Forbes list

NZX the only local company named in Forbes list
Wellington, Sept 3 NZPA - Forbes Magazine has picked a list of 200 "best under a billion" top-performing companies in Asia -- those worth under $US1 billion -- including one New Zealand company and 13 Australian companies.

BNZ changes back to old logo

BNZ changes back to old logo
Wellington, Sept 2 NZPA - Why fix what is not broken rings true with BNZ as it reverts to a logo similar to its old 1950s southern cross design. In 2008 BNZ changed its logo to a simple "BNZ", dropping the southern cross and gold chevron.

NZFSU advises shareholders to accept Olam offer

NZFSU advises shareholders to accept Olam offer
Wellington, Sept 2 NZPA - The New Zealand Farming Systems Uruguay (NZFSU) board is now recommending that shareholders accept a raised offer from Olam International. As recently as Monday the company advised shareholders to wait for further information before accepting the offer.

Deutsche Bank to advise Fonterra on share trading

Wellington, Sept 2 NZPA - Fonterra has appointed First NZ Capital-Credit Suisse and Deutsche Bank-Craigs Investment Partners to advise it on creating two new markets, one to allow farmer-shareholders to trade shares among themselves, and another to allow indirect public investment in the co-opera

PGC in talks to buy Aegis from ASB

PGC in talks to buy Aegis from ASB
Wellington, Sept 2 NZPA - Pyne Gould Corp said its subsidiary Perpetual Group is in advanced exclusive talks with ASB Bank Ltd to buy fund management business Aegis.

Question of compensation for blocked asset sales

Question of compensation for blocked asset sales
Wellington, Sept 2 NZPA - BusinessNZ is suggesting taxpayers need to consider what of sort of compensation they are prepared to pay to disaffected property owners, if restrictions are put on the sale of assets to overseas interests.

Torchlight gets money, seen at the table for SCF fallout

Wellington, Sept 2 NZPA - Torchlight Fund may have invested in South Canterbury Finance (SCF) hoping for a receivership to put itself at the table for the sorting out process, according to an investor in Pyne Gould Corp (PGC).

Bank customers get more satisfaction

Bank customers get more satisfaction
Wellington, Sept 2 NZPA - Customer satisfaction with the big five banks improved during the year to June, but smaller rivals Kiwibank and TSB remain at the head of the pack, a survey shows.