Government to oppose appeal blocking $1.2 bln Auckland housing scheme
By Paul McBeth Feb. 1 (BusinessDesk) - Environment Minister Nick Smith and Housing New Zealand have joined legal proceedings in support of Auckland Council and Fletcher Building opposing a bid by community groups to only allow low-rise housing in a $1.2 billion housing redevel...
Banks hire Cameron Partners to look at Paymark after potential buyer emerges
By Paul McBeth Feb. 1 (BusinessDesk) - New Zealand's four biggest lenders have hired investment bank Cameron Partners to run the ruler over electronic payments firm Paymark, which they jointly own. ANZ Bank New Zealand, ASB Bank, Bank of New Zealand and Westpac Banking Cor...
Kathmandu lifts first-half sales 9.1% with wider margins, affirms annual guidance
By Paul McBeth Feb. 1 (BusinessDesk) - Kathmandu Holdings, the outdoor equipment chain that fended off a hostile takeover by Briscoe Group last year, lifted first-half profit 9.1 percent, on wider margins, and says it's on track to deliver annual profit of $30.2 million. The s...
Pyne Gould blames auditor disagreement for another delay to 2015 annual report
By Paul McBeth Feb. 1 (BusinessDesk) - Pyne Gould Corp, whose NZX-listed shares have been suspended from trading since October, will take even longer to file its 2015 annual report, blaming a disagreement between auditors for the latest delay. The Guernsey-based company is...
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