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What's in today's Independent Financial Review

What's in today's Independent Financial Review

Hart eyeing Amcor deal

Fresh from taking over Carter Holt Harvey, billionaire corporate raider Graeme Hart is eyeing Amcor's cardboard box businesses in Australia and New Zealand. Investment bankers believe Hart would be an eager buyer of the assets worth around $785 million in a carve-up of the struggling global packaging group. Brett Clegg reports.

Brash alienates another coalition partner in Maori Party

National Party leader Don Brash suspended caucus rebel Brian Connell in show of strength yesterday, but doubts remain within the party about his ability to win an election and form a coalition government. Brash has alienated another potential coalition partner by suggesting there were few full blood Maoris left in New Zealand, sparking outrage from Maori Party co-leader Pita Sharples last night. Tim Donoghue reports.

New Feltex bidder on the scene

Feltex' receivers talked yesterday afternoon to a "serious New Zealand player" interested in buying the beleaguered company. Receiver Kerryn Downey of McGrathNicol + Partners declined to name the new player, but hinted it could be a rival carpet maker. Denise McNabb reports.

Warehouse deal will bypass Foodstuffs veto

Stephen Tindall's buyout consortium will announce before the end of the week a takeover offer for The Warehouse structured as an amalgamation, sources close to the deal say. The choice of structure means the offer will escape the influence of the Takeover Panel. Nick Stride reports.

Auckland petrol tax one step closer

A plan to introduce an Auckland regional petrol tax of 4 to 5 cents a litre has the support of Finance Minister Michael Cullen, according to the Auckland regional council. Nick Stride reports.


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I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


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