NZSA to oppose Sky TV's 27% directors' fee hike
By Suze Metherell Oct. 16 (BusinessDesk) - The New Zealand Shareholders' Association will oppose Sky Network Television's bid to lift directors' fees 27 percent, with the retail investor lobby saying details around the hike are "woefully inadequate" and "potentially misleading...
Brierley creeps up his Kirkcaldie stake, ahead of David Jones' payday
By Suze Metherell Oct. 16 (BusinessDesk) - Veteran corporate raider Ron Brierley has lifted his stake in Kirkcaldie & Stains for the third time since Australia's David Jones announced plans to take over the unprofitable Wellington department store. Brierley increased his ho...
Surplus surprise underscores NZ's positive ratings outlook: Fitch
By Suze Metherell Oct. 15 (BusinessDesk) - New Zealand's unexpected budget surplus "underscores" Fitch Ratings' positive outlook on the sovereign AA rating, although questions linger about the health of the dairy sector. Yesterday, Finance Minister Bill English announced a...
MARKET CLOSE: NZ shares rise as Contact gains on $100 mln buyback; Trade Me advances after AGM
By Suze Metherell Oct. 15 (BusinessDesk) - New Zealand shares rose as Contact Energy $100 million capital return through a share buyback stoked investor demand for the electricity generator and retailer. Trade Me Group, Auckland International Airport and Air New Zealand gained...