NZX taps Guy Elliffe, John Williams to Smartshares board
By Suze Metherell Nov. 6 (BusinessDesk) - NZX has appointed former AMP Capital Investors executive Guy Elliffe and John Williams from Trust Investments Management, as independent directors to the stock market operator's Smartshares board. Elliffe, who is now the corporate g...
Heartland to amalgamate businesses, flags possible $100 mln capital return
By Suze Metherell Nov. 6 (BusinessDesk) - Heartland New Zealand, the listed bank, will amalgamate all its businesses, including its senior finance unit and Harmoney Corp investment, in a bid to simplify its corporate structure, and has signalled plans to return up to $100 mill...
UPDATE: Duncan Priest's trading in RAM 'concerning', says expert witness testimony
(Updates to add comment from McDouall Stuart's Andrew McDouall) By Suze Metherell Nov. 4 (BusinessDesk) - Duncan Priest's apparent failure to follow NZX rules in his own personal share trading would be of concern, according to testimony by an expert witness in the former sh...
Mitre 10 annual profit slumps 92% on higher occupancy, land banking costs
By Suze Metherell Nov. 4 (BusinessDesk) - Mitre 10 (New Zealand), the cooperative that services the Mitre 10 hardware chain, reported a 92 percent slump in annual profit, as it spent more on land and rent for future stores. Profit dropped to $106,000 in the year ended June...
