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Independent Liquor sellers win round one in court-room stoush with Asahi
By Paul McBeth Oct. 9 (BusinessDesk) - The private equity firms that sold local booze maker and distributor Independent Liquor have won the first round of a court battle to prevent buyer Asahi Holdings accessing privileged documents relating to the sale. In the Federal Court o...
Scottish government plans to nationalise Infratil’s unprofitable Glasgow Prestwick Airport
Oct. 9 (BusinessDesk) - The Scottish government plans to nationalise Infratil’s unprofitable Glasgow Prestwick Airport, which the Wellington-based investment company has been trying to sell since March last year. Deputy First Minister Nicola Sturgeon told the Scottish parliamen...
NZ dollar little changed as US political stalemate continues
By Tina Morrison Oct 9 (BusinessDesk) – The New Zealand dollar was little changed as investors hold off making bets on the currency while US lawmakers remain in a stalemate over budget talks as the deadline to increase their debt ceiling looms. The kiwi was little changed at 82...