Owen Poole is to step down from Alliance Group, after an association with the Invercargill-based meat company stretching back 18 years, and will be replaced as chairman by fellow board member Murray Taggart. Taggart was a farmer-elected director of Alliance between 2002 and 2007 and was re-elected to the board in 2010. He farms a 457 hectare sheep and cropping …

Infratil and the New Zealand Superannuation Fund stand to at least triple their money on Z Energy in next month’s initial public offering, having used their financial strength to buy the former Shell assets when markets were still reeling from the global financial crisis. The Wellington-based investment funds contributed about $210 million each toward the $696.5 million purchase price, with …

The government of South Australia has passed a law extending SkyCity Entertainment Group’s exclusive casino licence, clearing the way for a A$300 million expansion of its riverside complex. Analysts say the Adelaide development is much more of a game-changer for the casino and hotel company than its politically contentious deal with New Zealand’s government to build an Auckland convention centre …