Recent Posts

Abano dissidents seek delay to special meeting

Abano Healthcare’s dissident shareholders Peter Hutson and James Reeves have filed papers in the High Court in Auckland in a bid to delay the special meeting they called, where they’re seeking to dump the medical investor’s chairman, Trevor Janes. The Abano shareholders, whose interests own about 19 percent of the company, want to delay the June 13 meeting by three …

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ComCom to run ruler over new Chorus products

The Commerce Commission will look at a handful of new products that network operator Chorus plans to roll out to see whether they need to be regulated. Earlier this month Chorus announced new products to be delivered on its copper line network, and the commission is required to see whether they can be priced separately from the regulated services. The services …

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Synalit cuts full-year profit forecast on high kiwi, falling dairy price

Synlait Milk, the dairy processor which counts China’s Bright Dairy as a cornerstone shareholder, cut its full-year earning forecast for the second time this year as a strong currency and an unfavourable product mix weighs on the exporter. The Rakaia-based company said profit will be $17.5 million to $22.5 million in the year ending July 31, down from a March estimate …

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