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Trading Ideas

New Zealand’s Richest Person Is a One-Time Truck Driver and High School Dropout

(Bloomberg) — Graeme Hart was once a high school dropout working as an auto-body repairman and truck driver.Today he’s New Zealand’s richest person, thanks to a career in private equity, with a taste for super-yachts, submarines and superhero-themed pinball machines.Last week, his fortune got a boost after the stock-market debut of Reynolds Consumer Products Inc., the maker of Hefty trash bags and aluminum foil. The shares climbed 9.8% to close at $28.55 Friday, valuing his stake in the company at $4.4 billion, according to the Bloomberg Billionaires Index.Hart, 64, controls a majority stake in Reynolds through Rank Group, his Auckland-based …read more […]

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Business News

UK businesses need to prepare whatever the outcome of EU trade talks – PM’s spokesman

Businesses will have to take the same steps to prepare for the end of the Brexit transition period whether Britain strikes the Canada-style trade deal it is seeking, or a less comprehensive deal, Prime Minister Boris Johnson’s spokesman said on Monday.

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