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Court of Appeal rejects claim by two of Hugh Green's children to family trust
By Sophie Boot Oct. 7 (BusinessDesk) - The Court of Appeal has rejected an attempt by two of deceased NBR Rich Lister Hugh Green's children to have their sister removed as trustee of the $400 million family property business, and has declined to reinstall the siblings to the t...
CBL declares first-half dividend of 3 cents
By Paul McBeth Oct. 7 (BusinessDesk) - CBL Corp, which raised $60 million to help fund its international ambitions, has declared an interim dividend of 3 cents per share. The Auckland-based credit surety and financial risk insurer will pay the dividend on Oct. 31 to shareh...
NZX milk futures fall below Fonterra forecast as traders bet on downward revision
By Tina Morrison Oct. 7 (BusinessDesk) - New Zealand milk price futures have fallen below Fonterra Cooperative Group's current farmgate payout forecast as traders doubt a sharp gain in prices can be sustained. The NZX milk futures contract for the 2016/17 season hit a recor...
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