
AFT Pharmaceuticals affirms it is on track to break even within two years
By Pattrick Smellie Aug. 5 (BusinessDesk) - Drug developer AFT Pharmaceuticals still expects to break even in the 2018 or 2019 financial year, although it cannot be sure exactly when, founder and managing director Harley Atkinson told shareholders at the company's first annual...

Gender diversity row: 'still much work to do', says Clemenger boss, Livia Esterhazy
By Pattrick Smellie Aug. 1 (BusinessDesk) - Livia Esterhazy, who heads one of New Zealand's top advertising agencies, says there is "still much work to do" to improve gender diversity in the advertising industry, but "we have moved a long way in 15 years". In emailed commen...

House sale stats continue to mislead on foreign buyers, says Labour
By Pattrick Smellie Aug. 1 (BusinessDesk) - Statistics intended to allay concerns about the number of houses being bought by foreigners continue to show only about 3 percent of buyers are foreign tax residents, but the Labour Party insists the figures are misleading. Compil...

Ex-Tower CEO Sam Stubbs sets out to 'disrupt' high fees KiwiSaver plans
By Pattrick Smellie July 31 (BusinessDesk) - The former chief executive of KiwiSaver provider Tower, Sam Stubbs, is turning from gamekeeper to poacher with the launch of a new KiwiSaver fund that he says will charge fees at half the rate of most existing schemes and pledging t...