Recent Posts

No float yet for Synlait Milk

Synlait Milk’s Chinese and New Zealand shareholders still want to list the company’s shares on the NZX, but there will be no float in the near future, says the Dunsandel milk processor’s chief executive, John Penno. “At some stage, it (a share float) is on the agenda in that both shareholders believe long term it’s the best place to have …

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NZ operating deficit wider than expected as GST, PAYE tax take misses forecasts

The New Zealand government”s operating deficit was wider than forecast in the first four months of the financial year as the Crown clipped a smaller tax take on consumer spending and wages. The operating balance before gains and losses (obegal) was a deficit of $2.87 billion in the four months ended Oct. 31, $169 million, or 6.3 percent, bigger than …

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