Wynyard administration prompts shareholders to join class action
Oct. 27 (BusinessDesk) - By Fiona Rotherham The organiser of a proposed class action against the directors of failed intelligence software company Wynyard said there has been a rash of shareholders sign up this week since the board appointed voluntary administrators. Logic...
'Complex' EQC law review set to drag on into next year
By Paul McBeth Oct. 27 (BusinessDesk) - The long-running Treasury-led review of the Earthquake Commission's funding and policy structures is set to drag into the 2017 election year as consultation on proposed changes throws up a number of thorny issues. The government's fi...
Freightways 1st-qtr profit gains 9.9% on flourishing economy
Oct. 27 (BusinessDesk) - By Fiona Rotherham Courier and information management company Freightways, seen as a bellwether for the New Zealand economy, has reported an upbeat start to the 2017 financial year. In a first quarter update at the company’s annual meeting in Auckla...
BNZ annual earnings slip 3.4% on lower trading income; retail banking stable
By Paul McBeth Oct. 27 (BusinessDesk) - Bank of New Zealand's annual earnings slipped 3.4 percent as the local unit of National Australia Bank attracted a smaller take from its markets division, while the dominant retail banking unit was relatively stable. Cash earnings fe...
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