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31 Mar 2025

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Fight for control of NZME delayed as directors express concern over Canadian billionaire's plans
In a notice published on the NZX, NZME’s directors said they were concerned about Canadian billionaire Jim Grenon’s plans for the company.

CEN - Manawa transaction update
Contact Energy Limited (Contact) acknowledges confirmation from the New Zealand Commerce Commission that it has extended the date on which it will issue its clearance decision on the company’s proposal to acquire Manawa Energy Limited

Reserve Bank to review ‘unreasonably conservative’ capital requirements
The RBNZ, accused by banks of pushing up loan costs by being too conservative, will call in international experts to review its bank capital settings.

BAI - Appointment of independent directors and personnel changes
Being AI Limited (NZX:BAI) advises the appointment of Michael Stiassny, Greg Cross and Steve Phillips as independent, non-executive directors effective today, 31 March 2025

Shut things down before they eat you alive and diversify, says Box design-and-build co-founder
Dan Heyworth, salesman in chief at the 16 year old Auckland company, talks about its successes and failures.

CEO falling out with executive assistant over ‘bad’ business class seat costs company $100,000
Located near a toilet and the bar, he said the seat was arguably worse than flying economy.

Why was Westpac slow in passing on OCR cut?
Westpac gave an apparently contradictory answer as to why it was so slow to pass on the Reserve Bank’s interest rate cut last month to parliament’s finance and expenditure committee’s banking inquiry.

NZL - FY24 Annual Report
New Zealand Rural Land Co (NZL.NZX) is pleased to present its Annual Report for the year ended 31 December 2024. NZL recorded a consolidated net profit after tax of $23.1m and Adjusted Funds From Operations (AFFO) of $7.1m

No risk, no reward: The nail-biting experience of crowdfunding a startup
Two companies, & Again and Morningcider Cider are raising funds on PledgeMe right now and share what it’s like.

Devon Funds Morning Note - 31 March 2025
The US indices sold off on Friday amid ongoing concern over how US trade policies are evolving and the impact to the economy. Consumers are already forming an opinion.

Interest rates expected to plateau soon
A switch has been flipped for mortgage borrowers with the two-year 4.99% interest rate the main banks are now offering.

FCG - Appointment of Chair-elect for Mainland Group
Fonterra Co-operative Group Ltd today announces the appointment of Elizabeth (Liz) Coutts ONZM as Chair-elect of Mainland Group, the proposed divestment entity of Fonterra’s global Consumer business

Auckland Airport found to be over-charging by $190m, set to drop airline charges
A Commerce Commission report into the Airport’s price setting between 2022 and 2027 concluded their forecast revenue is excessive.

The international supermarkets that could be eyeing the NZ market
The Government is set to announce its plans to shake up the supermarket duopoly this weekend.

CDI FY2024 Annual Report
For the period ended 31 December 2024 CDL Investments New Zealand Limited (“CDI”) recorded a profit after tax of $15.4 million for 2024 (2023: $13.5 million). Our overall net profit before tax reflected significant improvements in our operatio

MCK FY2024 Annual Report
Millennium & Copthorne Hotels New Zealand Limited (the Company, MCK) (NZX: MCK) has announced its results for the 12 months to 31 December (FY24), reporting a significant uplift in revenue and a continued improvement in profit