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UPDATE: Pharmac promotes Sarah Fitt to top job as CEO Steffan Crausaz heads to private sector

UPDATE: Pharmac promotes Sarah Fitt to top job as CEO Steffan Crausaz heads to private sector

(Updates to add new CEO, detail on Fitt in fourth paragraph) By Rebecca Howard Nov. 14 (BusinessDesk) -- Pharmac has promoted operations director Sarah Fitt to the top job after chief executive Steffan Crausaz announced his exit for the private sector starting next year. ...

Rebecca Howard 14 Nov 2017
Tower shares at record low on concern new capital may be eroded by ongoing quake claims

Tower shares at record low on concern new capital may be eroded by ongoing quake claims

By Paul McBeth Nov. 14 (BusinessDesk) - Tower shares fell to a record low as investors weigh up whether the $70.8 million of new capital they're being asked to provide will provide enough of a buffer against lingering Canterbury earthquake claims that have repeatedly surprised...

Paul McBeth 14 Nov 2017
Solid Energy creditors to get at least 60c in $1 as assets sold

Solid Energy creditors to get at least 60c in $1 as assets sold

By Sophie Boot Nov. 14 (BusinessDesk) - Solid Energy New Zealand's creditors will get at least 60 cents in the dollar after the failed state-owned enterprise's mines are sold, up from the previous range of 45 cents to 55 cents. The state-owned enterprise, operating under a...

Sophie Boot 14 Nov 2017
Mercer shares tumble after final loss from Fonterra's collapsed silo an estimated $20M

Mercer shares tumble after final loss from Fonterra's collapsed silo an estimated $20M

Rebecca Howard 14 Nov 2017
Geneva Finance lifts 1H profit, buys debt collection operation

Geneva Finance lifts 1H profit, buys debt collection operation

Sophie Boot 14 Nov 2017
Powerhouse Ventures won't proceed with sale of Invert Robotics stake

Powerhouse Ventures won't proceed with sale of Invert Robotics stake

Rebecca Howard 14 Nov 2017
Property Ventures liquidator drops Henderson from lawsuit, citing 'lack of assets'

Property Ventures liquidator drops Henderson from lawsuit, citing 'lack of assets'

Jonathan Underhill 13 Nov 2017
NZ sheep meat prices lift to record levels on Chinese New Year demand

NZ sheep meat prices lift to record levels on Chinese New Year demand

Tina Morrison 13 Nov 2017
RESEND2: Litigation funder LPF lays judicial complaint against chief justice

RESEND2: Litigation funder LPF lays judicial complaint against chief justice

Sophie Boot 13 Nov 2017
OG Oil & Gas likely to cross minimum 50% threshold in NZOG takeover offer

OG Oil & Gas likely to cross minimum 50% threshold in NZOG takeover offer

Rebecca Howard 13 Nov 2017
Plexure Group narrows its 1H net loss on higher revenue, lower costs

Plexure Group narrows its 1H net loss on higher revenue, lower costs

Rebecca Howard 13 Nov 2017
Tower to raise $70.8 mln at 45% discount to bolster balance sheet; narrows annual loss

Tower to raise $70.8 mln at 45% discount to bolster balance sheet; narrows annual loss

Paul McBeth 13 Nov 2017
Kiwi Property to sell Wellington's Majestic Centre for $123.2M to Investec

Kiwi Property to sell Wellington's Majestic Centre for $123.2M to Investec

Tina Morrison 13 Nov 2017
Infratil says ultra-low rates have actually pushed some investments out of reach

Infratil says ultra-low rates have actually pushed some investments out of reach

Jonathan Underhill 13 Nov 2017
NZ dollar dips below 69 US cents as risk appetite, commodity prices fall

NZ dollar dips below 69 US cents as risk appetite, commodity prices fall

Jonathan Underhill 13 Nov 2017
While you were sleeping: General Electric slumps

While you were sleeping: General Electric slumps

Margreet Dietz 13 Nov 2017
MARKET CLOSE: NZ shares mixed, A2 gains on growth while Xero falls

MARKET CLOSE: NZ shares mixed, A2 gains on growth while Xero falls

Sophie Boot 13 Nov 2017
NZ dollar edges up against pound as UK PM May's future weighs on sterling

NZ dollar edges up against pound as UK PM May's future weighs on sterling

Rebecca Howard 13 Nov 2017
Stride sells three Bunnings stores to Investore for $78.5 mln

Stride sells three Bunnings stores to Investore for $78.5 mln

Paul McBeth 13 Nov 2017
Tower in trading halt pending capital raise, earnings loom

Tower in trading halt pending capital raise, earnings loom

Paul McBeth 13 Nov 2017
A2 Milk, top-performing stock on NZX 50 in 2017, cites 'pleasing' start of 2018 financial year

A2 Milk, top-performing stock on NZX 50 in 2017, cites 'pleasing' start of 2018 financial year

Tina Morrison 12 Nov 2017
F&P Healthcare wins patent case against ResMed in UK Court

F&P Healthcare wins patent case against ResMed in UK Court

Rebecca Howard 12 Nov 2017
Precinct Properties to raises $100 mln in 7-year bond to repay bank debt

Precinct Properties to raises $100 mln in 7-year bond to repay bank debt

Sophie Boot 12 Nov 2017
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