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...
Comcom loses bid to derail Harmoney appeal
By Victoria Young Aug. 19 (BusinessDesk) - The Commerce Commission has lost a bid to thwart peer-to-peer lender Harmoney’s appeal against regulatory proceedings. The judgment, handed down earlier this month, is the latest in the regulator’s pursuit of the firm. In a de...
Bublitz to serve home detention following appeal
By Victoria Young Aug. 16 (BusinessDesk) - A partially successful appeal will see former Viaduct Capital and Mutual Finance executive Paul Bublitz leave prison for home detention after some convictions were quashed. Earlier this year, Bublitz was convicted of several charg...
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