NZ Refining says Marsden Point shutdown hit profit by $8.2 mln
By Sophie Boot April 23 (BusinessDesk) - New Zealand Refining, operator of the country's only oil refinery, says its 2017 oil pipeline failure knocked net profit by $8.2 million last year. At the company's annual meeting in Auckland this afternoon, chief executive Sjoerd Po...
Precinct Properties sells Deloitte House for $10.2M, considers offers on Auckland's ANZ Centre
By Sophie Boot April 23 (BusinessDesk) - Precinct Properties has sold Deloitte House in Wellington for $10.2 million and says it's entered into a period of exclusivity with one potential buyer for its stake in the ANZ Centre in Auckland. The sale of Deloitte House, at 10 Br...
High Court orders Forestlands IRD debt can be paid from $18M funds in trust; liquidation sought by FMA
By Sophie Boot April 23 (BusinessDesk) - The Financial Markets Authority has applied to the High Court for 18 Forestlands companies to be put into liquidation, with the court having ordered that the companies' tax debts can be paid from money held in trust. The FMA began in...
MARKET CLOSE: NZ shares up, Sky TV bounces with Comvita, Mainfreight up while Orion Health gains 20%
By Sophie Boot April 6 (BusinessDesk) - New Zealand shares gained, led by Sky Network Television bouncing back and Orion Health surging 20 percent after it confirmed it's considering sale options. The S&P/NZX50 Index rose 29.28 points, or 0.4 percent, to 8,393.27. Within th...
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