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...
Metroglass shareholders query Australian division, executive pay
By Victoria Young July 26 (BusinessDesk) - Metro Performance Glass chair Peter Griffiths was forced to again defend the company’s position in Australia after giving lacklustre earnings guidance for the 2020 financial year. The company, which makes 80 percent of its revenue...
Metroglass gives subdued guidance for 2020, promises to slash debt faster
By Victoria Young July 26 (BusinessDesk) - Metro Performance Glass has provided subdued earnings guidance for the 2020 financial year, and said it will cut debt at a faster pace. Ahead of its annual meeting today, the company forecast group earnings before interest and tax...
StretchSense directors appoint administrators
By Victoria Young July 23 (BusinessDesk) - A futuristic textile company awarded $15 million in Callaghan Innovation grants and backed by a government investment fund has been put into voluntary administration. StretchSense, the owner of the futuristic ZoZo suit, had Staple...
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