News
0 Super fund to look at climate risks

The New Zealand Superannuation Fund is backing a global investment study to better assess the risks and and opportunities associated with climate change.

The British-based, global investment consulting firm, Mercer, is analysing the investment risks and returns under various climate change scenarios, with the support of global fund managers, including the New Zealand fund.

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0 Wherescape shelves IPO plans

Data warehousing software provider Wherescape has shelved its plans to carry out a stock market listing, according to market sources.

The Auckland-based company — whose customers include Air New Zealand, Sky City Entertainment, ASB, BNZ and the Auckland District Health Board — had been planning an initial public offer (IPO) that would raise $40 million and value the business at between $70 million and $90 million, according to an Australian media report.

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0 Ex-Fonterra boss Andrew Ferrier to chair Orion Health

Former Fonterra boss Andrew Ferrier has been appointed chairman of New Zealand software developer Orion Health and is already proving himself adept at dodging questions on a possible sharemarket listing by the fast-growing firm.

The company — which is mulling a stock exchange float that would raise growth capital — also appointed Lester Levy, chairman of the Auckland and Waitamata District Health Boards, to its board as an independent director at its annual shareholders’ meeting at Auckland Hospital today.

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0 Ex-Fonterra boss Andrew Ferrier to chair Orion Health

Former Fonterra boss Andrew Ferrier has been appointed chairman of New Zealand software developer Orion Health and is already proving himself adept at dodging questions on a possible sharemarket listing by the fast-growing firm.

The company — which is mulling a stock exchange float that would raise growth capital — also appointed Lester Levy, chairman of the Auckland and Waitamata District Health Boards, to its board as an independent director at its annual shareholders’ meeting at Auckland Hospital today.

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