Milk firm to join ASX in dual listing
The a2 Milk Company says it is planning to list in Australia, where most of its earnings come from, in the first quarter of 2015, while maintaining its listing on the NZX.
The a2 Milk Company says it is planning to list in Australia, where most of its earnings come from, in the first quarter of 2015, while maintaining its listing on the NZX.
The unusual maneuver requires a level of cash and savvy that few mega-dealmakers could ever offer.
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Fonterra's NZX-listed units are still causing confusion, two years after their introduction.
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Fonterra Co-operative Group shareholders used their annual meeting in Palmerston North to raise concerns over the reduced 2015 milk payout.
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ANZ New Zealand chief executive David Hisco has enjoyed a solid pay rise, with his total remuneration lifting almost 15 per cent to $4.7 million.
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The New Zealand share market has continued its record-breaking run, with the NZX50 Index hitting its highest ever point.
October was a crazy month for financial markets.
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