Dorchester Pacific says it’s still in the hunt for acquisitions after completing the $82 million cash, scrip and bonds-funded purchase of Turners Auctions and refining its guidance for earnings. Dorchester has invited Turners chairman Michael Dossor to join its board and his investment arm, Bartel Holdings, has ended up with 7 per cent of the finance company. Bartel owned about 20 percent …

Tony Falkenstein, founder and majority owner of Just Water International, will take over as head of the water cooler and supplies business after chief executive Ian Ormiston resigned. Falkenstein will take up the role of managing director to replace the outgoing Ormiston, as the Auckland-based company makes plans to de-list from the NZX once the founder’s takeover is complete, it said in a statement. Through …

Regulated telecommunications network operator Chorus had a small win in its long-running stoush with the Commerce Commission over the prices it can charge for access to the traditional copper lines network for broadband internet services. However, Chorus chief executive Mark Ratcliffe says the draft new rates, proposed today, will still knock an $80 million hole in annual operating earnings. “This compares …