Stiassny hangs up corporate undertaker hat with KordaMentha exit
By Sophie Boot Feb. 13 (BusinessDesk) - Veteran insolvency specialist Michael Stiassny has ended almost three decades as one of the nation's premier corporate undertakers, leaving KordaMentha for what he describes as "greener pastures". Auckland-based Stiassny resigned fro...
English to resign as leader of National, leave parliament on Feb. 27
By Sophie Boot Feb. 13 (BusinessDesk) - Bill English has resigned as leader of the National Party and will leave parliament in two weeks. His resignation will take effect on Feb. 27 and he will give a valedictory speech on March 1. By Feb. 27, English said he would expect t...
Tower says summer storms will cost about $5 million
By Sophie Boot Feb. 13 (BusinessDesk) - Auckland-based insurer Tower said recent storms will have a financial impact of about $5 million after tax. The company said it received about 300 claims as a result of the New Year storms, and estimates that will cost it between $1....
MARKET CLOSE: NZ shares down: Kathmandu, Contact drop while Fletcher, CBL remain halted
By Sophie Boot Feb. 12 (BusinessDesk) - New Zealand shares dropped, led by Kathmandu Holdings and Fisher & Paykel Healthcare, while NZX gained. The S&P/NZX50 Index fell 33.31 points, or 0.4 percent, to 8,059.06. Within the index, 26 stocks fell, 17 rose and 7 were unchanged...
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