The so-called Super Thursday turned into a damp squib
yesterday when the Reserve Bank and the United States Federal
Reserve left their rates unchanged.
The offshore cash splash buying up NZX listed companies
continues, as dual-listed Pacific Brands has joined Abano
Healthcare in receiving a separate, unsolicited offer from an
overseas company this week.
Australasian infrastructure giant Downer will make 33 people
from its Otago operations redundant, having flagged the
potential job losses in early April.
Listed brewer Moa has slashed its previous annual loss by
almost 50% to a $2.9million loss, while increasing revenue
and continuing to keep downward pressure on operating costs.
The Overseas Investment Office says it is satisfied with the
decision to allow a foreign company linked to the Panama
Papers scandal to buy New Zealand farmland.
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