Paymark wins bid to keep some secrets from rival
By Victoria Young Aug. 23 (BusinessDesk) - A High Court judge has ruled against an attempt by the founder of locally owned Payment Express, Andy Cullen, to peruse confidential documents relating to its competitor, French-owned Paymark's pricing and strategy as part of a “hard-...
Delegat continues to invest after record year
By Victoria Young Aug. 23 (BusinessDesk) - Delegat Group, New Zealand’s biggest listed winemaker, lifted operating net profit by 14 percent in the June 2019 year, but indicated it was unlikely to make further gains next year. The winemaker, whose stable includes the Oyster...
MARKET CLOSE: NZ shares rise; Napier Port has promising debut
By Victoria Young Aug. 20 (BusinessDesk) – New Zealand shares rose as Napier Port Holdings climbed on debut, rising 13.5 percent to $3 from its IPO price of $2.60 a share. The S&P/NZX 50 Index rose 101.36 points, or 0.9 percent, to 10,803.84. Within the index, 28 stocks ro...
Spat between ihug founder and ex-wife hits High Court
By Victoria Young Aug. 19 (BusinessDesk) - Former ihug co-founder Tim Wood is being sued by his former wife Sasha, in a High Court case involving three Queen's Counsel. Tim is best known for founding internet company ihug with brother Nick, which became New Zealand's third...
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