Former Fletcher construction boss Darlow forfeits stake when targets not met
By Rebecca Howard July 14 (BusinessDesk) - Graham Darlow, who left his role as head of the Fletcher Building's construction division after it reported unexpectedly weak earnings this year, forfeited about $1.2 million of shares when he didn't meet financial targets. Darlow...
NZ wool market shows signs of life in latest auction
By Rebecca Howard July 13 (BusinessDesk) - New Zealand's wool market picked up from its recent doldrums at the latest South Island auction as a weaker dollar and wider range of wool types on offer helped to lift prices at a more robust clearance rate. Some 77 percent of the...
NZ dollar rises after Yellen disappoints hawks and BOC lifts rates
By Rebecca Howard July 13 (BusinessDesk) - The New Zealand dollar rose after Federal Reserve chair Janet Yellen was seen as dovish and on some speculation that the New Zealand and Australian central banks may follow their Canadian counterpart and lift rates sooner rather than...
Tomizone chief executive Geoff Wanless follows chairman out the door
By Rebecca Howard July 13 (BusinessDesk) - Auckland-based Tomizone chief executive Geoff Wanless is following his chairman out the door as the ASX-listed wi-fi service provider raises new funds and its lender takes a more hands-on role. "Tomizone's chief executive officer...
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