No buyers emerge for Wild Pair as receivers sell down inventory
By Paul McBeth Jan. 26 (BusinessDesk) - Failed retailer Wild Pair didn't attract any buyers and its receivers have closed most of the chain's stores as they look to sell the women's apparel and footwear company's stock to repay its lender. The Auckland-based retailer strug...
NZ govt 5-month deficit wider than expected as tax-take misses forecast
By Paul McBeth Jan. 26 (BusinessDesk) - The New Zealand government's operating deficit was wider than expected in the first five months of the financial year as the corporate and income tax takes were lower than forecast, in what Treasury officials said were largely timing iss...
Duncan Saville's Utilico ends 12-year run as substantial Infratil investor
By Paul McBeth Jan. 22 (BusinessDesk) - Long-standing Infratil shareholder Utilico Investments has ended its 12-year run as a substantial shareholder in the infrastructure investor. The UK investment house sold 5 million shares on Jan. 20, trimming its stake in the company...
Cheap oil may spur RBNZ to rethink flat OCR
By Paul McBeth Jan. 22 (BusinessDesk) - The global oil glut depressing consumer prices around the world may prompt the Reserve Bank to rethink its flat outlook for the official cash rate this year, but economists don't think it will signal its intentions at next week's regular...
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