ANZ moves to defeat Ross Asset class action early
A date has been set for the first legal hurdle for Ross Asset Management investors in their class action against the ANZ Bank. Five hundred investors have now signed up to the class action against ANZ, which alleges the bank breached its duties. The claim has been estimated at up...
Scott Tech open to acquisitions despite lacklustre year
A 20 percent drop in net profit for Scott Technology despite a 24 percent revenue lift is not enough to deter the automation specialist from continued expansion. Last week, the company said net profit for the 12 months to Aug. 31 fell from $10.7 million to $8.6 million, despite r...
Deal reached after corruption probe at Scott Technology owner
The Overseas Investment Office has reached a deal with the majority owner of Scott Technology following a corruption investigation. The foreign ownership regulator launched a probe into JBS Australia in 2017, a year after it gained consent to buy just over half of the NZX-listed...
SkyCity convention centre damages dispute murkier after fire
The major fire in downtown Auckland yesterday has added another layer of complexity to who should bear the cost of delays to the international convention centre.Fletcher Building was meant to have completed the centre in the first quarter of this year, but that has been pushed ou...
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