Recent Posts

Dorchester gets past 90% ownership for Turners, triggering mop op

Dorchester Pacific, the finance company, has reached the 90 percent threshold in its takeover of Turners Group, allowing it to mop up remaining shares in the car auction firm. Dorchester offered Turners’ shareholders either $3 a share in cash, two-year notes that pay interest of 9 percent and convert to Dorchester shares, ordinary shares of Dorchester, or any combination of the three. …

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NZ business confidence shows first gain in eight months in post-election bounce

New Zealand business confidence advanced for the first time in eight months in October, rebounding from a two-year low as certainty returned following last month’s general election. The New Zealand dollar rose after the survey was released A net 26.5 percent of firms are optimistic business conditions will improve in the coming year, up from a net 13.4 percent last month …

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NZX posts slower Q3 revenue growth as election weighed

NZX, the New Zealand stock exchange operator, said third quarter revenue growth almost halved from the year earlier pace as activity slowed ahead of September’s general election and the number of new listings declined. The Wellington-based company said revenue rose 6.7 percent to $16.5 million in the three months ended Sept. 30, lagging the year earlier’s 12 percent pace. New capital listed over the latest …

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