Recent Posts

NZF meeting for Mike Pero Mortgages sale on hold as buyer seeks to limit information

NZF Group, the financial services firm at odds with receivers of its failed finance unit, has delayed a shareholder vote on whether to exit its stake in Mike Pero Mortgages after the buyer filed High Court papers to limit information that can be shared with investors. Australia’s Liberty Financial, which owns the other half of MPMH, has applied to “restrain …

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Kiwis spend up on Boxing Day

New Zealanders spent 13.4 percent more on Boxing Day than they did a year ago, the first double-digit growth in sales for five years, Paymark says. There were more than 2 million transactions and sales rose by $14.2 million to $120 million, according to Paymark, which processes 75 percent of the nation’s electronic transactions. “The queues and traffic outside the …

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Hellaby finally finds acquisition in Contract Resources

custom thesis writing service Hellaby Holdings, the diversified investment group, has finally found something to buy after being on the prowl for the past two years in specialised engineering maintenance and industrial cleaning company Contract Resources. The Auckland-based investment firm will spend $73 million on an 85 percent stake in Contract Resources, and saddle it with $30 million in debt, …

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