Craig Norgate will sell his company's rights to buy new PGG Wrightson shares to China-based Agria Corp, leaving it with a 19pc stake.

Agria takes cornerstone share

PGG Wrightson's $180.7 million capital raising will see upstart Chinese firm Agria Corp take over the top cornerstone position with a 19 percent stake, pushing ahead of traditional large stake holders.

Code a chance 'to get it right'

The Dominion Post

Financial advisers have been portrayed as both collaborators and fall guys in the finance company collapses. Will the code of conduct will make a difference.

Certification for financial advisers welcome

The Dominion Post

The Institute of Financial Advisers says the push to have financial advisers certified will bring others up to the standards that it has long required.

Griffin's moves biscuits to Fiji

By AMANDA FISHER - The Dominion Post

Some of the nation's favourite biscuits are no longer true Kiwi institutions, with Griffin's outsourcing some of its production to Fiji after more than 140 years of New Zealand manufacture.

Family tells of Bridgecorp devastation

By CATHERINE HARRIS - The Dominion Post

Nothing's changed in more than two years for Feilding couple Mary and David Fauchelle, who with their daughter lost $200,000 savings in the Bridgecorp collapse.

Indices

  VALUE MOVEMENT
NZX50 3,113.629 arrow -27.547 -0.88%
ASX200 4,749.200 arrow 10.200 0.20%
DOW 10,332.600 arrow -91.700 -0.90%
NASDAQ 2,156.820 arrow -36.600 -1.70%
FTSE 5,342.130 arrow -3.800 -0.10%
NIKKEI 9,549.470 arrow -127.300 -1.30%
H-SENG 22,643.160 arrow -197.200 -0.90%
NZX50 20 min delay, others last close

Top Movers

  PRICE MOVEMENT
CEI 0.600 arrow -0.300 -33.33%
AWF 0.950 arrow 0.200 26.67%
LIC 3.200 arrow 0.500 18.52%
CAV 2.300 arrow -0.210 -8.37%
HGD 0.035 arrow -0.003 -7.89%
CHA 0.089 arrow -0.006 -6.32%
RNS 0.200 arrow -0.010 -4.76%
Price as at 6:35 pm, 20 Nov

Currencies

RATE
Australian Dollar 0.795
Euro 0.490
British Pound 0.440
Hong Kong Dollar 5.669
Japanese Yen 65.000
Singapore Dollar 1.016
US Dollar 0.732
Price as at 8:10 pm, 20 Nov
Ad Feedback

Fonterra sells stake in AFF joint venture

Fonterra Cooperative Group, the world’s largest exporter of dairy products, has sold its stake in a joint venture to market Anchor products.

Joyce gives Telecom more time

Communications Minister Steven Joyce has granted Telecom nine months to cut down potential information-sharing among its units as part of the company’s government-enforced operational separation.

Lamb, beef and dairy prices

Report calls for Govt backed oil exploration

US foreclosures hit record

US homeless US mortgage delinquency rates and the percentage of loans that entered the foreclosure process jumped in the third quarter.

No quick fix for Wall St’s image

Wall Street's image, battered by the financial crisis, may take years to recover as its executives themselves are the first to acknowledge.

Shortcomings in US economic data

AOL to cut one-third of workforce

Geithner

Geithner under fire

US Treasury Secretary Timothy Geithner defended the costly bailout of AIG and urged swift regulatory reform to safeguard the economy.

A new benchmark for oil?

Oil refinery The sour grades of crude may eventually displace tried-and-true light, sweet crude to become a benchmark.

NZ sharemarket falls at close

The New Zealand sharemarket fell but outperformed other markets in Asia and proved again that it can be the source of new capital for listings.

NZ dollar lower as investors avoid risk

Agria PGG’s biggest shareholder

Trading floor

DNZ to put pressure on rivals

Fund managers say DNZ Property Fund's decision to bring its management in house ahead of a sharemarket listing will put pressure on rival listed property trusts to follow suit.

Leaky home owners struggle

A builder Leaky home owners are struggling to fund repairs as controversy over a Government contribution proposal heats up.

Trustee to scrutinize Allied offer

Hanover Finance trustee Perpetual Trust says it will go through Allied Farmers' debt-for-equity offer with a fine-tooth comb to ensure investors fully understand the proposal before voting on the deal next month.

Boston Finance in receivership

Deal good news for Hanover

GONE: Paraparaumu couple Marvyn Crone, left, and husband Rowland lost 38 per cent of their savings to failed finance companies.

Finance industry examined

The finance industry suffered from an anything-goes culture lacking in ethics and morals, a parliamentary select committee inquiry into the finance company collapses has been told.

Ad Feedback
Special offers

Featured Promotions

The Independent

Contact the paper, subscribe, advertise.

Blogs
Frontline

Frontline - John Minto's view

$450,000 march is political manipulation

Stirring the Pot

Stirring the pot - Bruce Sheppard takes anyone on

A letter to Hanover bondholders

Nick Smith

Nick Smith

Playing chicken with the markets

Deals

  • Accommodation

    Find Accommodation

  • Jobs

    Search Jobs


  • Property

    Search properties


  • Motors

    Search Motors


    Price range:
    to