
Ponzi scheme accused Shane Scott changes plea to guilty
By Paul McBeth Sept. 6 (BusinessDesk) - Shane Scott, who was accused of operating a Ponzi scheme to defraud friends and close associates of $5.4 million, has changed his plea to guilty. In the Auckland District Court today, Scott pleaded guilty to four charges of obtaining...

Plexure CEO founder Scott Bradley exits at AGM after restructure, sees smaller first-half loss
By Paul McBeth Sept. 6 (BusinessDesk) - Plexure Group chief executive Scott Bradley is leaving the company today, rounding out an overhaul of the business which is expected to help narrow the digital ad firm's first-half loss and generate positive cashflow this month. Brad...

Christchurch Airport pays special dividend as record passengers drive 50% profit gain
By Paul McBeth Sept. 5 (BusinessDesk) - Christchurch International Airport will pay its Crown and council shareholders a special dividend after record passenger numbers helped drive a 50 percent gain in annual profit. The South Island's major aerial gateway will pay a spec...

Crown settles with last Quake Outcasts over second 'red zone' offer
By Paul McBeth Sept. 5 (BusinessDesk) - The government has reached a deal with the remaining uninsured or uninsurable Christchurch property owners in the city's 'red zone' after the Court of Appeal deemed the second offer to be "unlawful". Minister supporting Greater Chris...