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...
Vector urges regulatory change in low-interest-rate environment
By Victoria Young Sept. 23 (BusinessDesk) - Directors at lines company Vector are pleading for regulatory changes, claiming the low-interest-rate environment is presenting new challenges. Vector won’t give forecasts for next year or issue a dividend until the Commerce Commi...
Stanley-Tallwood liquidator cuts deal over KiwiBuild development
By Victoria Young Sept. 23 (BusinessDesk) - The liquidator for Stanley Group and Tallwood Holdings has cut a deal with the developer of 23 KiwiBuild homes to get subbies paid out immediately. The arrangement comes as liquidator Damien Grant’s appointment will be challenged...
Pushpay shares rise as cost-cutting upgrades earnings guidance
By Victoria Young Sept. 20 (BusinessDesk) - Pushpay Holdings shares rise 2.7 percent after it lifted earnings guidance for 2020 by stripping out costs. The digital church collection payment operator estimates earnings before interest, tax, depreciation, amortisation and fo...
Prev
