Guinness Peat Group, which expects to rebrand itself as UK threadmaker Coats later this year, anticipates it will reap 92 million pounds from its latest round of asset sales. The London-headquartered will have raised 129 million pounds from assets sales and capital returns this year, taking its total cash raised to 587 million pounds since embarked on liquidating its portfolio …

Chorus, the telecommunications network operator spun out of Telecom, has signed contracts with Visionstream and Downer worth some $1 billion for those firms to build the nation’s ultrafast broadband network, and is still in talks with Transfield Services. The Wellington-based company inked two contracts each worth some $500 million over the next six years and include extra amounts for Downer …

The New Zealand dollar rose back above 85 US cents before figures that are expected to show a pick-up in quarterly inflation and after gains on Wall Street and a modest increase in dairy prices to a new record. The kiwi gained to 84.92 US cents, and earlier reached 85.06 cents, from 84.79 cents at 5pm in Wellington yesterday. The …