AMP Capital NZ chief, sales head resign
Instability in the top ranks of the $200 billion plus AMP Capital have spread across the Tasman with the resignations today of the New Zealand chief executive and its sales head. Bevan Graham, AMP Capital NZ ceo, and Greg McMaster, head of clients, both gave notice following a ma...
Marsden profit hit by property revaluation
Marsden Maritime Holdings reported a 31 percent drop in full-year net profit after the value of its investment properties fell by almost $3 million.The firm, which owns half of Northport and marinas and development land around the port at Marsden Point, said the revaluation was d...
Consumer confidence falls in August
Fewer consumers are willing to open their pockets for major household items as consumer confidence eased 4 points to 100.2 in August, the latest ANZ-Roy Morgan Consumer Confidence survey showed. The index is well below the historical average of 120.Only a net 3 percent of respond...
Feltex funder keeps fighting
The litigation funder behind the Feltex Carpets shareholder lawsuit is vowing to appeal a High Court judgment ending the case.In May, Justice Robert Dobson gave the funder for the 3,600 investors a deadline to pay security for costs in July, or the suit would be struck out. The d...
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