MARKET CLOSE: NZ stocks edge higher, led by Contact; Asian markets slide
Aug. 2 (BusinessDesk) - New Zealand shares edged higher despite a slide in Asian markets on renewed concerns for the global trade outlook. Contact Energy led the gainers as local investors prepare for coming earnings. The S&P/NZX 50 Index rose 3.05 points, or 0.03 percent, to...
Huka lodge sale next act in van Heeren-Kidd dispute
By Victoria Young Aug. 2 (BusinessDesk) - The Court of Appeal has appointed receivers to enable the sale of Taupo's exclusive Huka Lodge so that it can be sold as part of a dispute between two businessmen. The appeal court said there are no funding or management issues at...
Mainfreight’s Plested talks taxes, climate change and succession
By Victoria Young Aug. 1 (BusinessDesk) - Mainfreight chairman Bruce Plested spoke out about multi-nationals who don’t pay tax in New Zealand and addressed climate change at the company’s annual meeting earlier this week. In his opening remarks, the Mainfreight founder ran...
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...
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