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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
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...
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...