DNZ Property Fund, which is raising $80 million to help fund two new acquisitions, will ask shareholders to boost the directors’ fee pool by 27 percent, with the board having presided over a surging share price since the diversified property investor listed in 2010. The Auckland-based property investor wants shareholders to raise the pool to $375,000 for the 2014 and …

Augusta Capital managing director Mark Francis has bought out his brother’s stake in the listed property investor and fund manager for $3.8 million, taking his holding to almost 18 percent. Mark Francis bought 4.5 million shares, or 5.5 percent, of Augusta at 84.5 cents apiece from his brother and general manager Chris Francis, the company said in a statement. The …

Goodman Fielder, the biggest food company in Australia and New Zealand, expects full-year normalised earnings to fall after it sold less poultry and spent more on marketing. Earnings from continuing and discontinued operations before significant items will be A$195 million to A$200 million in the year ending June 30, the Sydney-based company said in a statement. That’s less than the …