Allied Farmers has taken a further $4.1 million impairment on its ex-Hanover Finance assets, inflating its first-half loss, which still narrowed from a year earlier. The Hawera-based company posted a loss of $5.5 million in the six months ended Dec. 31, from a loss of $8.3 million a year earlier. Revenue rose to $22.6 million from $9.6 million. The company …

Veritas Investments, the shell company that’s acquiring the Mad Butcher franchisor business, aims to raise up to $25 million in the public share offer next month and has secured a $10 million loan facility from ANZ New Zealand. The capital raising will fund the $20 million cash component of its $40 million purchase, with the balance to be met with …

Solid Energy’s former chief executive Dr Don Elder must be allowed to appear before MPs, Labour’s SOEs spokesperson Clayton Cosgrove says. Clayton Cosgrove has today written to Solid Energy’s new chairman Mark Ford  and interim chief executive Garry Diack requesting that the former CEO appear before the Commerce Select Committee as part of the 2011/12 Financial Review Hearing of Solid …