Sealegs director takes aim at NZX at testy annual meeting
By Victoria Young Sept. 27 (BusinessDesk) - Future Mobility Solutions director Mark Broadley criticised the NZX in defence of his company’s move to an unregulated exchange. The company, which owns amphibious boat maker Sealegs, asked shareholders to vote on its move to the...
Moa Group eyes wider beer market
By Victoria Young Sept. 25 (BusinessDesk) - Moa Group is banking on beers sold in bars and eateries to help it move into the black, and will now look at other categories beyond craft products. The unprofitable brewer-turned-restaurant-owner has done a licensing deal to brin...
MARKET CLOSE: NZ shares fall as A2 hits 7-month low; Spark still defies naysayers
By Victoria Young Sept. 24 (BusinessDesk) - New Zealand shares fell, as a seven-month low for A2 Milk outweighed the revival in appetite among investors for high-yielding stocks such as Meridian Energy and Chorus. The S&P/NZX 50 Index fell 14.62 points, or 0.1 percent, to...
Company loses $270m claim over infant formula factory
By Victoria Young Sept. 24 (BusinessDesk) - A company which had claimed $270 million in damages has failed in a court pursuit of its former business partner after plans to build an infant formula plant came undone. While the company, Pure Elite Holdings, did not succeed, J...
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