Article – BusinessDesk
Aug. 15 (BusinessDesk) – The Supreme Court has cleared the way for former Feltex shareholders to pursue the directors of the failed carpet maker over whether a false forecast in the prospectus left them out of pocket. Read more »
Article – BusinessDesk
Aug. 15 (BusinessDesk) – Mercury NZ has partnered with Infratil in a $208.5 million offer for the shares in Tilt Renewables they dont already own. Read more »
Article – BusinessDesk
Aug. 15 (BusinessDesk) – Heartland Bank is eyeing up acquisitions to maintain double-digit earnings growth in 2019 after its reverse mortgage business underpinned an 11 percent gain in annual profit. Read more »
Article – BusinessDesk
Aug. 15 (BusinessDesk) – NZX first-half earnings fell as it lifted spending as part of a plan to position itself for future growth. It will return cash from the sale of non-core assets to shareholders as a special dividend. Read more »
Article – BusinessDesk
Aug. 15 (BusinessDesk) – New Zealand house sales were largely flat in July as activity in the dominant Auckland market settled down in what’s typically the quietest winter month. Read more »
Article – BusinessDesk
Aug. 15 (BusinessDesk) – The High Court has ruled listed firms in voluntary administration don’t need to meet NZX’s continuous disclosure obligations designed to protect the integrity of trading. Read more »
Article – BusinessDesk
Aug. 15 (BusinessDesk) – The New Zealand dollar fell as fears over Turkey’s financial woes eased after the nation’s finance minister said his government will protect its currency which has been in freefall for the past week. Read more »
Article – BusinessDesk
Aug. 15 (BusinessDesk) – Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world’s biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash. Read more »
Article – BusinessDesk
Aug. 15 (BusinessDesk) – Economists agree the risk of a New Zealand rate cut is real but most dont actually expect it to happen. Read more »
Article – BusinessDesk
MARKET CLOSE: NZ shares bounce back from Turkish sell-down, Summerset falls on mixed result Read more »
Article – BusinessDesk
Aug. 14 (BusinessDesk) – The New Zealand dollar pared some of its recent losses against the greenback as bargain hunters moved in despite weak data from Australia and China that would normally have weighed on the kiwi. Read more »
Article – BusinessDesk
Aug. 14 (BusinessDesk) – The government is moving to close a GST loophole that could have created a significant but unquantified risk to the Crowns revenue. Read more »
