MARKET CLOSE: NZ shares fall as A2 hits 7-month low; Spark still defies naysayers
By Victoria Young Sept. 24 (BusinessDesk) - New Zealand shares fell, as a seven-month low for A2 Milk outweighed the revival in appetite among investors for high-yielding stocks such as Meridian Energy and Chorus. The S&P/NZX 50 Index fell 14.62 points, or 0.1 percent, to...
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...
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