Business

SFO-directed raid complicates Spark claim
Law & Regulation

SFO-directed raid complicates Spark claim

An accused co-conspirator has complained a Serious Fraud Office-ordered raid on his home has meant he can't comply with disclosure orders in a case brought by Spark New Zealand.  The telco claims the former subcontractor and another company conspired against it. However, Sp...

Victoria Young 05 Aug 2020
Farmers to get $122m in fertiliser cheques
Primary Sector

Farmers to get $122m in fertiliser cheques

Fertiliser heavyweights Ballance Agri-Nutrients and Ravensdown have fought their way through the covid-19 response, kicking back rebates of $54 million and $68 million respectively to farmer-shareholders, reflecting the impacts of extreme weather on farm input use. Ballance's...

Brent Melville 05 Aug 2020
Sanford to close processing plant, cut 65 jobs
Primary Sector

Sanford to close processing plant, cut 65 jobs

Sanford will close its Tauranga fish processing plant and cut 65 jobs in response to to reduced processing volumes and new earthquake building standards. The covid-19 pandemic has resulted in processing volumes in the North Island dropping significantly as Sanford is processin...

Dan Brunskill 05 Aug 2020
CBL’s Harris appears in High Court over criminal charges
Finance

CBL’s Harris appears in High Court over criminal charges

Peter Harris made his first appearance in the High Court at Auckland over criminal charges he is facing in relation to the collapse of insurer CBL Corp.

Victoria Young 05 Aug 2020