Smiths City owes creditors $26.8m
The outlook for unsecured creditors of the former retail icon Smiths City appears bleak, as liabilities have mounted to more than $26.8 million.Liquidators for the century-old retailer stated in their initial report that 240 creditors were owed money by the company, as reported b...
Ryman HY sales down but improving 'more quickly than expected'
The retirement firm said it's tracking ahead of its full-year sales guidance.
Govt agencies must assess wider benefit to NZ under new procurement rules
New Zealand businesses will have a better shot at winning government contracts as a result of changes to government procurement rules, Economic Growth Minister Nicola Willis said.The new rules will take effect on Dec 1. More than 900 submissions were received during consultation....
ANZ first bank to react to OCR cut
ANZ is the first bank to react after the Reserve Bank’s 50-basis-point official cash rate cut on Wednesday.“Lower interest rates are helping, and more and more customers are seeing the benefit of rate cuts,” Grant Knuckey, a managing director at ANZ, said.“We’ve ... [seen] people...
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