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Tru-Test posts annual lost on writedown related to NZ dairy downturn

Tru-Test posts annual lost on writedown related to NZ dairy downturn

By Jonathan Underhill Aug. 6 (BusinessDesk) - Tru-Test Corp, the agricultural technology company,  has posted a full-year loss after writing down the value of its Dairy Technology Services (DTS) unit to reflect a downturn in the global dairy sector. The loss was $14.3 milli...

Developer understood payment to Love's son to be 'introduction fee', court hears

Developer understood payment to Love's son to be 'introduction fee', court hears

By Sophie Boot Aug. 5 (BusinessDesk) - The family of Ngatata Love had attempted to get even bigger payments from developers anxious to get access to Maori land for a Wellington development, including a $2 million "opportunity" fee for son Matene to introduce property developer...

Sophie Boot 05 Aug 2016
Former RAM investors Duncan, Nora Priest win case against RAM liquidators to get shares back

Former RAM investors Duncan, Nora Priest win case against RAM liquidators to get shares back

By Jonathan Underhill Aug. 5 (BusinessDesk) - Duncan and Nora Priest have won a High Court case against the liquidators of Ross Asset Management, successfully arguing that they were in a different position to other investors in David Ross's Ponzi scheme because they didn't giv...