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buyer of steel company euro corp backs down
The majority owner of the steel company Euro Corporation says the firm's sale will be delayed. Euro Corp, which houses the Complete Reinforcing, Conslab, Summit Steel & Wire and Tornado brands, said �
news corp dumps nzme stake at 11 discount
By Paul McBeth Oct. 7 (BusinessDesk) - Australian media giant News Corp has quit its stake in local media group NZME at a deep discount. The publishing arm of the Murdoch family's media empire sold
lateral corp jumps 75 on debut in thinly traded compliance listing
By Paul McBeth Aug. 18 (BusinessDesk) - Shares of mobile payments company Lateral Corp jumped 75 percent in a thinly traded debut on the NZX's small-cap Alternative Market, ahead of a planned private.
tribunal ups city rail link compensation to samson corp
In a test case, the Land Valuation Tribunal has increased compensation to the wealthy Friedlander family for work associated with the City Rail Link (CRL) in Auckland. It has also given guidance, sayi
scales corp and alliance group to create petfood joint venture
By Rebecca Howard March 8 (BusinessDesk) - Agribusiness group Scales Corp said Alliance Group will pay $15 million for a 50 percent stake in its Meateor business and operations, creating a petfood j
looking back rada corp what were they thinking
Part 3 - a case study in the rise of the investment company phenomenon The 1980s was the era of listed investment companies and Rada Corp was one of the more notorious and high profile. Rada was uniqu
euro corp to defend fair trading charges over steel mesh standards
By Paul McBeth Jan. 22 (BusinessDesk) - Euro Corporation will defend charges laid by the Commerce Commission accusing the steel products maker and distributor of breaching the Fair Trading Act in the.
ed sims to leave airways corp for international post
By Pattrick Smellie Feb. 17 (BusinessDesk) - Ed Sims, the Airways Corp chief executive responsible for a major step up in the performance of New Zealand's civil aviation services, is leaving in May fo
nz energy corp completes twn acquisitions
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
news corp lifts stake in apn to 1499 from 49
March 19 (BusinessDesk) - News Corp, the global media group controlled by Rupert Murdoch, has lifted its stake in APN News & Media to 14.99 percent, buying shares from the target company's long-term
wallace corp backs ligar to commercialise novel polymer products
by Fiona Rotherham Feb. 12 (BusinessDesk) - Ligar, a startup developing molecularly imprinted polymers (MIPs), has secured an investment of hundreds of thousands of dollars from Wallace Corp, operator
samson corp takes thermosash to court over ironbank cladding
Michael Friedlander’s Samson Corp has filed proceedings against a facade wall company for installing allegedly defective cladding on the Ironbank building in central Auckland, court documents reveal
scales corp tips marginal improvement for second half
Agribusiness group Scales Corp reported an 11.7% fall in underlying net profit attributable to shareholders in the six months to June 30 but was more positive about the full year. The underlying net
scales corp reiterates guidance
Agribusiness group Scales Corp reiterated its full-year guidance for 2022, notwithstanding significant uncertainty. It is expecting underlying net profit attributable to shareholders to be between $
renaissance corp shareholders back wind up liquidator appointed
By Paul McBeth Aug. 11 (BusinessDesk) - Shareholders in Renaissance Corp have backed a resolution to wind-up the failed retailer and education group, and have appointed a liquidator to the company. In
todd corp may bid for troubled australian steelworks arrium
By Tina Morrison May 4 (BusinessDesk) - Todd Corp, the holding company for New Zealand’s wealthiest family, may make a bid for Australian iron ore miner and steelmaker Arrium which is in voluntary a
livestock improvement corp sinks into the red
By Paul McBeth July 21 (BusinessDesk) - Livestock Improvement Corp, the farmer-owned dairy herd genetics, farm software and automation cooperative, dipped into the red in 2016 as farmers scaled back s
cavalier corp sells auckland site for 24m
Listed carpet manufacturer Cavalier Corp. said it had entered into a sale and leaseback agreement for its South Auckland manufacturing site to Kinleith Land and Infrastructure Ltd for $24 million. T
business is better with a b corp conscience
American economist Milton Friedman’s business philosophy from the 1970s has dominated Western thinking. He believed that businesses aren’t here to apply social or environmental lenses to their wor
cbl corp liquidators get 116m
Liquidators for CBL Corporation netted $11.6 million in a court settlement against the insolvent companies’ former directors. In their report for the six months to Dec 11, liquidators Neale Jackso
cbl corp directors fined for disclosure breaches
The high court has ordered CBL Corp and four of its former directors to pay penalties for continuous disclosure and misleading conduct breaches following proceedings brought by the Financial Markets A
d day looms for williams corp
Property developer and non-deposit taker Williams Corporation Capital says it is well placed to manage looming withdrawals which will become due this December. The Christchurch-based firm – founded
the b corp boom sustainability and success
By Andrew Davies The B Corp movement in New Zealand is now made up of more than 100 organisations, ranging from Nelson superfood-drink startup Chia Sisters and peanut butter makers Fix & Fogg, to sha
todd corporation what went wrong
For decades, the surname “Todd” has been a byword for wealth and discretion. Often described, much to its displeasure, as “New Zealand’s richest family”, the Todd dynasty stretches back to C
scales corp shares rise to record after annual earnings upgrade
By Tina Morrison Aug. 13 (BusinessDesk) - Shares in Scales Corp jumped to a record after New Zealand's biggest apple exporter said it expects to beat its forecast for annual earnings following a stro
Finance News
Finance
$400m Christmas bonus for Cryptopia victims
This is the first big payout since a hack and theft in 2019.
Finance
Auditing the Auditors
Audit fee rise is NZ playing ‘catch up’
Auditors have relied on importing talent, says NZSA's Oliver Mander.
Finance
HYEFU: Big bump to bond programme
Looser than expected fiscal policy drives a much bigger bond programme.
*All returns are per annum, after fees and before taxes. Data updated at 1:07am 22 December 2024 (NZT)
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