New Zealand Financial News

Australian Venue Co, the operator of dozens of hotels and bars including The Esplanade in St Kilda and Bungalow8 and Cargo in Sydney, will be acquired by PAG Asia Capital for around $1.4 billion, sources said.

Blackbird Ventures has backed a little-known New Zealand subletting platform Kiki, as the startup tries to take a bite of the Big Apple.

Entain, the operator of the Ladbrokes and Neds brands, has axed more than 50 local jobs as it attempts to adapt to lower discretionary spending.

Australia, while rich in fossil fuels, is equally gifted with the resources to make it a renewable energy powerhouse. Whether it can make this transition will be a matter, not only of political will, but of tough business choices.

Lauryn Hill will soon embark on a world tour. It will be a 25thanniversary tour for her debut solo album, 1998’s ‘Miseducation of Lauryn Hill.’

ASX-listed traffic management operator Avada Group is back on the acquisition trail, inking a binding agreement to pick up the assets and business operations of STA Traffic Management.

The New Zealand Breakers are understood to be in talks with MA Moelis to potentially bring the investment bank on as a strategic adviser, as Tesla chairwoman Robyn Denholm’s investment in rival National Basketball League team Sydney Kings sparks M&A expectations in the sector.

equality. It was the same trite old message that it’s still up to women to prove themselves. This was a golden opportunity to leverage the undeniable success of the tournament that was held in Australia and New Zealand to telegraph a message of acceptance that women are world-class competitors in sports traditionally dominated by men.

UBS equity capital markets banker Richard Wilks has been named head of equity capital market syndicate for Asia Pacific, Street Talk understands.

Australia’s largest integrated provider ofcancer care, Icon Group, backed by private equity firm EQT, is expanding its services into the UK after penning a new deal with Nuffield Health, the nation’s biggest healthcare charity.

Women's World Cup kicked off in Australia and New Zealand a month ago with some doubts it could deliver on lofty ambitions. Those concerns eased well before Sunday's final where Spain were crowned first-time champions by beating England 1-0 at a packed Stadium Australia in Sydney. Less than a year after a player revolt tore the Spanish squad apart, La Roja's triumph was only one of the surprises for record crowds and TV audiences through the month-long festival of women's football. Fears the first 32-team Women's World Cup might suffer for its size proved groundless, as did predictions of another processional victory for the United States. Sunday's final was the first without either the U.S. or Germany involved, the four-times champion Americans dumped out of the round-of-16 by Sweden and the Germans exiting before the knockout phase. The U.S.'s exit via penalty shootout ended a dynasty after back-to-back titles in 2015 and 2019. U.S.

(Reuters) — U.S. insurance broker Marsh, a unit of Marsh & McLennan, said on Sunday that it would acquire Australia's Honan Insurance Group, it said in a statement on Sunday.

BCCI is completely aware of what we are trying to do," said an HCA official on condition of anonymity. The back-to-back games in Hyderabad were part of 9 changes in the ODI World Cup 2023 schedule by BCCI.

By Samuel Indyk

Global stock markets are higher as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation

Insurance giant IAG has warned premiums will keep rising, blaming inflationary pressures and the cost of protecting itself from large disasters.

Asian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation

Federal Reserve's Jackson Hole symposium for a guide on where rates might settle when the dust of this hiking cycle clears. The dollar made a gain of 0.7% on the euro last week, inched ahead on the yen and surged by more than 1% on the Antipodean currencies as U.S. Treasury yields leapt in anticipation of interest rates staying higher for longer.

An unexpected breakdown at Ampol’s only oil refinery drove a 26 per cent drop in first-half core profit, but chief executive Matt Halliday said the result was “strong”, and reliance of domestic fuel supplies is reducing.

The a2 Milk Company has met its lower end of guidance for double-digit revenue and earnings growth, but warns the key China market will be more challenging this year with fewer children born.

Westpac booked a net profit for the third quarter of $1.8 billion navigating a “modest” deterioration in bad debts, higher expenses due to inflationary pressures, and a contraction in lending margins from mortgage competition.