BusinessNZ Chief Executive Phil O’Reilly has been elected Chair of the Business and Industry Advisory Council (BIAC) to the OECD.  The BIAC is the voice of business at the OECD – the world’s foremost provider of integrated statistics and fact-based policy recommendations.  The BIAC network includes national business, industry and employer associations from OECD members and observer countries, as well …

Acurity Health Group, the private hospital operator formerly known as Wakefield Health, reported a smaller decline in annual earnings than forecast, while warning subdued demand for private sector health was making it difficult to keep a lid on costs. Net profit fell to $5.9 million, or 34 cents per share, in the 12 months ended March 31 from $6 million, …

Fonterra Cooperative Group, the world’s biggest dairy exporter, has scaled back its offer to farmer shareholders to sell the economic rights of their shares into the Shareholders’ Fund. The NZX-listed Fonterra Shareholders’ Fund, which gives outside investors access to the dairy exporter’s dividend stream, will buy almost 60 million so-called ‘wet’ shares worth $475 million at $7.92 apiece, with those …