Petricevic parole challenge dismissed

Article – BusinessDesk

Sept. 4 (BusinessDesk) – The Sensible Sentencing Trust has lost its bid for a judicial review of the decision to release former Bridgecorp boss Rod Petricevic on parole. Read more »

NZ dollar heads for 1.5% weekly decline

Article – BusinessDesk

NZ dollar heads for 1.5% weekly decline as markets shy away from risk; US jobs report looms Read more »

SST wants taxpayer funding for Petricevic crusade

Article – BusinessDesk

Sept. 4 (BusinessDesk) – The Sensible Sentencing Trust wants the taxpayer to fund its High Court challenge over the Parole Board’s decision to release former Bridgecorp boss Rod Petricevic half-way into his six-year, 10-month sentence. Read more »

NZ wool trades at record high amid tight supply

Article – BusinessDesk

Sept. 4 (BusinessDesk) – New Zealand wool is trading at record high prices, pushed up by strong demand and limited supply, though the outlook is murky. Read more »

Employment Court win leaves fmr CHH mgr $30k out of pocket

Article – BusinessDesk

Sept. 4 (BusinessDesk) – David Rodkiss, a former Carter Holt Harvey engineering manager who successfully sued the wood products company in the Employment Court, has been left almost $30,000 out of pocket, an outcome the presiding judge called “unsatisfactory … Read more »

Update: Parole Board over-relied on Petricevic psych report

Article – BusinessDesk

Update: Parole Board over-relied on Petricevic-paid psych report (Updates with comments from Parole Board counsel throughout) Read more »

Chinese firm may take 50% of Silver Fern Farms

Article – BusinessDesk

Sept. 4 (BusinessDesk) – Chinese interests may be close to acquiring 50 percent of Silver Fern Farms, in a deal that would increase the dominance of New Zealand’s biggest meat exporter and erode farmer control of the industry, say shareholders … Read more »

Pushpay presses into Canada in drive for church custom

Article – BusinessDesk

Sept. 4 (BusinessDesk) – Pushpay Holdings, the mobile app payments developer, plans to expand its sales reach into Canada, expanding its drive to increase sales to the North American faith-based market of some 329,000 churches. Read more »

Parole Board over-relied on Petricevic-paid pysch report

Article – BusinessDesk

Sept. 4 (BusinessDesk) – The Sensible Sentencing Trust says the Parole Board shouldn’t have relied on a single psychologist report paid for by former Bridgecorp boss Rod Petricevic, and opposes his release half-way into his six-year, 10-month sentence. Read more »

Pumpkin Patch appoints Dave Foster as CFO

Article – BusinessDesk

Sept. 4 (BusinessDesk) – Pumpkin Patch has appointed Dave Foster as its chief financial officer to replace Steve Mackay, who quit the ailing children’s clothing chain after less than a year. Read more »

NZ dollar jumps vs. euro after ECB lowers economic outlook

Article – BusinessDesk

Sept. 4 (BusinessDesk) – The New Zealand dollar jumped against the euro after the European Central Bank lowered its outlook for the region’s economy and suggested it may add extra stimulus. Read more »

While you were sleeping: Draghi delivers relief

Article – BusinessDesk

Sept. 4 (BusinessDesk) – Wall Street ended mixed ahead of Augusts jobs report while equities on the other side of the Atlantic advanced on European Central Bank President Mario Draghis promise of additional stimulus if needed. Read more »

MARKET CLOSE: NZ shares fall on global jitters

Article – BusinessDesk

Sept. 3 (BusinessDesk) – New Zealand shares fell as investors remained cautious after last week’s spike in volatility when equity markets were sold off on fears over the Chinese economy. Fletcher Building, A2 Milk, and Sky Network Television declined. Read more »

NZ dollar slips as Chinese intervention calms markets

Article – BusinessDesk

Sept. 3 (BusinessDesk) – The New Zealand dollar fell after intervention by China to prop up ailing equities calmed volatile markets ahead of this week’s US employment data, which may keep alive chances of a rate hike by the Federal Reserve this month. Read more »

Sensible Sentencing Trust seeks Petricevic review

Article – BusinessDesk

Sept. 3 (BusinessDesk) – The Sensible Sentencing Trust has filed proceedings in the High Court at Wellington seeking a judicial review of the decision to release former Bridgecorp boss Rod Petricevic on parole, the trust’s first such action in a white … Read more »

CORRECT: Government, Auckland iwi reach agreement

Article – BusinessDesk

(Removes reference to selling land in first paragraph, fixes reference to protocol in fourth paragraph) Read more »

Government and iwi reach agreement for private housing

Article – BusinessDesk

Sept. 3 (BusinessDesk) – The government has reached agreement with Ngati Whatua over selling 500 hectares of excess land in Auckland for private housing which had been under High Court challenge. Read more »

Seadragon rejected Blackmores in favour rights issue

Article – BusinessDesk

Sept. 3 (BusinessDesk) – SeaDragon, the fish oil refiner aiming to raise up to $9 million from shareholders to fund the escalating cost of an Omega-3 factory, says it turned down an investment offer from Australian health supplement company Blackmores … Read more »

Air NZ to defend US class action over air cargo cartel claim

Article – BusinessDesk

Air NZ to defend US class action over air cargo cartel claim By Paul McBeth Read more »

Air NZ to defend US class action over air cargo cartel claim

Article – BusinessDesk

Air NZ to defend US class action over air cargo cartel claim By Paul McBeth Read more »