Chorus to cover brokerage for small shareholders wanting to sell
By Paul McBeth March 16 (BusinessDesk) - Chorus will cover brokerage fees for small shareholders wanting to sell their parcels in a scheme that could whittle down the regulated telecommunications network operator's register by a sixth. The Wellington-based company intends...
Hotchin prepared to flip-flop in dogged pursuit of Guardian Trust
By Paul McBeth March 15 (BusinessDesk) - Former Hanover Finance principal Mark Hotchin will have to reverse course and admit negligence if he wants to successfully squeeze funds out of the failed lender's former trustee Guardian Trust to help cover an $18 million settlement wi...
Hotchin allowed to drag Guardian Trust into Hanover settlement: Supreme Court
By Paul McBeth March 15 (BusinessDesk) - Former Hanover Finance principal Mark Hotchin can try to force the failed lender's former trustee Guardian Trust to contribute to an $18 million settlement after winning his appeal in a split Supreme Court decision. Chief Justice Si...
NZ dollar little changed in slow start to event-filled week
By Paul McBeth March 14 (BusinessDesk) - The New Zealand dollar was little changed in a slow start to a week where investors will have to gauge US monetary policy, local economic growth and the latest dairy price auction. The kiwi traded at 67.49 US cents at 5pm in Welling...