StretchSense sold to mystery Kiwi owners
By Victoria Young Oct. 1 (BusinessDesk) - Futuristic textile company StretchSense has been sold to a new Kiwi owner, the firm’s administrators say. In July the shareholders of the company, which makes the futuristic ZoZo suit, appointed Baker Tilly Staples Rodway’s Tony Ma...
MARKET CLOSE: Firm start to the week as A2 drives NZ shares higher
By Victoria Young Sept. 30 (BusinessDesk) - New Zealand shares edged higher today led by A2 Milk, while retirement village stocks were among the day’s gainers. The S&P/NZX50 Index increased 89.12 points, or 0.8 percent, to 10,925.62. Within the index, 41 stocks rose, 8 fe...
Insurance, costs issues arise in Feltex court saga
By Victoria Young Sept. 30 (BusinessDesk) - The complexities of administering class actions are coming to the fore in the Feltex litigation, as its lead plaintiff goes uninsured and security for costs remains unpaid. Eric Houghton’s $185 million claim on behalf of more th...
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...
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