About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Wednesday, January 22nd, 11:59PM
Latest Headlines

IRG buys assets of Ellerie Cornwall

Investment Research Group (IRG), the company formerly known as Viking Capital, agreed to buy Tauranga-based investment adviser Ellerie Cornwall.

Friday, September 26th 2008, 11:51AM

by Jonathan Underhill

IRG sees "significant" synergies with Ellerie, said managing director Brent King, in a statement. No price was given.

IRG stock, which trades infrequently, changed hands at 5 cents today and has declined 75% this year. The company posted a full-year loss of NZ$15.2 million loss after a slump in the value of its investments in Dorchester Pacific investment and ICP Biotechnology, which was placed in receivership.

Last month, the company named former Finance Minister Bill Birch as chairman, taking over from King, who stayed on as managing director.

« Geneva spurns attempt to oust directorsDominion censured, fined for overdue report »

Special Offers

Commenting is closed



Printable version  


Email to a friend
Today's Best Bank Rates
Rabobank 1.75  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
Subscribe Now

Deposit Rates newsletter

Previous News


Most Commented On
News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%


About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and eyelovedesign.com