NZME chair ups holding pre-AGM
NZME chairman Peter Cullinane bought 200,000 shares in the Auckland-based news publisher ahead of this Thursday’s annual meeting, at which he will staring down three shareholder resolutions seeking a break-up of its assets, an acknowledgement of the importance of dividends and sh...
Building activity shrinks most since 2011
Building activity started slowing down in the lead-up to the covid-19 national lockdown, with the value of building work put in place down a seasonally adjusted 5.7 percent in the March quarter. That was the biggest quarterly decline since the March quarter in 2011, a period when...
AFT to defend PBL Solutions lawsuit
AFT Pharmaceuticals will vigorously defend a claim by joint venture partner PBL Solutions that the Kiwi firm breached its contract in the development of the Pascomer topical treatment. PBL filed proceedings in the New Zealand High Court against AFT and managing director Hartley A...
Air New Zealand moves above half domestic capacity
Air New Zealand plans to operate around 55 percent of its usual domestic capacity - compared to pre-covid-19 levels - during July and August, said general manager networks Scott Carr. Since the start of Alert Level 2 the airline has been flying to the majority of the domestic po...
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