Pyne Gould finally lodges 2015 annual report
By Paul McBeth May 24 (BusinessDesk) - Pyne Gould Corp, whose NZX-listed shares have been suspended from trading since October, has lodged its 2015 annual report after a lengthy delay which has been blamed on switching auditors. The Guernsey-based long-term investor's port...
PFI seeks boost for directors' fee pool, appoints Susan Peterson to board
By Paul McBeth May 24 (BusinessDesk) - Property For Industry, the listed industrial property investor, wants to boost its pool for directors' fees by almost a third to give members a pay rise and allow for professional director Susan Peterson to join the company. The five-...
Tower first-half loss widens as insurer takes $19.6M charge for IT system with 'limitations'
By Paul McBeth May 24 (BusinessDesk) - Tower posted a wider first-half loss after writing down the value of its information technology system, which it says is weighing on its ambitions and needs improving. The Auckland-based insurer reported a net loss of $8.7 million, or...
NZ dollar falls as US Fed officials say June interest rate hike still possible
By Paul McBeth May 24 (BusinessDesk) - The New Zealand dollar fell as traders continued to see the possibility of US interest rates rising next month after Federal Reserve officials said the June meeting was still live for a move, stoking demand for the greenback. The kiwi...
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