Fund manager Allan Gray follows through on threat to vote against the re-election of directors as shareholder questions ‘selective leaking’ of news to Australian journalists.
Canadian billionaire says he has had very little involvement in politics and labels the Herald ‘a business in decline’.
NZME has released the letter Jim Grenon shared with the board on March 6, in which he outlined mass cost cutting and a shift in editorial focus.
However, he says competition from Panda Mart was not related to the closure of Pakuranga’s Warehouse.
But those discussions, ongoing since late 2024, have now been paused by Stuff amid Jim Grenon’s move to spill NZME’s board.
Mark Lister of Craigs Investment Partners says management and board have clearly not assuaged investors’ concerns.
Kiwi businessman Andrew Griffiths has also had his assets frozen by the High Court as he faces fresh proceedings.
After rival BHP unified its structure, some Rio shareholders want the company to do the same.
Global market intelligence firm releases inaugural ‘passive versus active’ report for New Zealand market.
A calm focus on the interests of the company leads to a board transition at the NZX-listed carpet maker.
