UPDATE: NZX shares fall from 21-month high as groundwork laid for earnings growth
By Paul McBeth Feb. 14 (BusinessDesk) - (Recasts, adds broker comment, and updates share price throughout) NZX shares fell from a 21-month high after the stock market operator unveiled a slump in annual profit while saying the groundwork was laid for future earnings growth....
NZX annual profit falls 62% on Ralec litigation costs; 2015 Link Market sale washes through
By Paul McBeth Feb. 14 (BusinessDesk) - NZX annual profit dropped 62 percent as the stock market operator faced mounting costs from the protracted Ralec litigation and a new regulatory environment, and was compared against a 2015 result flattered by the gain on the sale of its...
Commercial Factors chases Blue Chip liquidator Meltzer Mason over unpaid bill
By Paul McBeth Feb. 13 (BusinessDesk) - Debt factoring firm and financier Commercial Factors is chasing Blue Chip liquidator Meltzer Mason over an unpaid bill from the aborted litigation against the failed property investment group’s former directors and auditors. In the H...
High Court affirms Auckland unitary plan's independent panel assessments
By Paul McBeth Feb. 13 (BusinessDesk) - The independent hearings panel that provided the foundation of Auckland's unitary plan did not operate outside its remit, the High Court has found in a decision that gives guidance for further appeals to the Environment Court. In the...
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