Mainfreight forecasts stronger second half, rules out growth by acquisition
By Victoria Young July 31 (BusinessDesk) - Mainfreight is forecasting a better second half of the year, after indicating its first quarter to June 2019 “could have been better.” The logistics and freight operator, which is famous for its 100-year view, gave a trading update...
Shareholders upbeat despite little progress for 9 Spokes
By Victoria Young July 29 (BusinessDesk) - Investors attending 9 Spokes International’s annual meeting were upbeat despite the company’s chair conceding 2019 had been the most demanding year so far for the tech-startup. The ASX-listed Shares of 9 Spokes were recently down...
Ethical investing on human rights grounds 'too hard' - Simplicity
By Victoria Young July 29 (BusinessDesk) - Simplicity founder Sam Stubbs says New Zealand managers only have so much control over international investments and that it's "too hard" to make exclusions on human rights grounds. The non-profit KiwiSaver provider relies on Vang...
Mainzeal director liability remains at $36 mln, court rules
By Victoria Young July 29 (BusinessDesk) - The amount awarded against former Mainzeal directors including Jenny Shipley and Richard Yan will remain at $36 million, the High Court has ruled. Justice Francis Cooke allowed both sides to dispute how much should be paid after h...
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