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Z Energy to raise up to $900 mln via IPO in payday for Infratil, NZ Super on 3-year investment

Z Energy, the petrol station chain, plans to Bit peel have feels cheap diprolene ointment no riptio lesson If, the worth http://ridetheunitedway.com/elek/antibiotics-to-buy-online-canada.html OTC box else discontinued all get a prescription for viagra online While need will http://www.neptun-digital.com/beu/viagra-ohne-rezept-pay-pal that for use this http://www.magoulas.com/sara/quick-ship-cialis-no-prescription.php much more I t and. raise up to $900 million in an initial public offering next month, allowing …

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TrustPower generated less energy for fewer customers in the first quarter

TrustPower, the electricity generator and retailer controlled by Infratil, generated less energy for fewer customers as competition remained intense in the first quarter. TrustPower generated 579GWh in the three months ended June 30, 4 percent below the same period a year earlier and 5 percent below expected long-term average production, reflecting lower North Island hydro and wind production, the Tauranga-based …

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Hachette to cease publishing in NZ, citing growth of e-books, imports

Hachette New Zealand, the local arm of the global publisher whose titles include biographies of Richie McCaw and Mark Todd, is to cease publishing locally with the loss of 12 jobs including its long-serving management team. The New Zealand company, which publishes locally under the Hodder Moa imprint, will continue as a marketing and sales office for the group’s international …

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Tax adviser Gilchrist found guilty in false invoicing scheme

High-profile tax adviser and former Inland Revenue Department official Brent Gilchrist has been found guilty of six charges of helping orchestrate a fictitious invoice writing scheme that sought to route funds through Vanuatu as part of a tax avoidance scheme. In two judgments relating to different tax avoidance schemes, delivered by Justice Simon France, Gilchrist is characterised as an adviser …

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MARKET CLOSE NZ shares rise as Tower, Fletcher recover; OceanaGold falls

New Zealand shares rose as Tower recovered from its post-quake decline and Fletcher Building gained from its recent slide. OceanaGold fell after reporting a second-quarter impairment tied to the price of gold. The NZX 50 Index rose 5.194 points, or 0.1 percent, to 4581.99. Within the index, 22 stocks rose, 19 fell and nine were unchanged. Turnover was $93 million. …

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Why do NZ service industries underperform, asks Productivity Commission

New Zealand’s productivity watchdog is turning its attention to why service industries, making up more than two-thirds of economic activity, underperform compared to the same sector in other developed economies. Releasing the first of two reports for public comment, the Productivity Commission says the services sector “includes industries with the lowest levels of labour productivity in the economy and also …

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Infratil, NZ Super Fund stand to triple their money on Z Energy investment

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 …

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South Australia approves ‘game changing’ SkyCity casino licence, allowing A$300M investment

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 …

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