Briscoe Group, whose shares have grown four times faster than the NZX 50 Index in the past five years, is eager to make acquisitions or substantial investments using a cash pile that may have grown to $90 million by January 2014. Managing director Rod Duke, who owns 78 percent of the listed retailer, said by the end the financial year, …

The cost of administering the frozen funds of late businessman Allan Hubbard has topped $17 million, of which almost a third was hoovered up in legal fees. Since the Hubbard entities were put into statutory management in 2010, Grant Thornton’s Richard Simpson, Trevor Thornton and Graeme McGlinn have racked up $1.4 million overseeing the administration of Te Tue Charitable Trust, …

NZAX-listed Malaysian internet services play Mykris has reported a solid lift in earnings and is paying 1.8 cents per share in dividends in its first year since seeking a listing on the New Zealand alternative market’s board. The company operates in Malaysia but reports in New Zealand dollars, turning over $8.9 million in the year to June 30, and turning …