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Blue Chip liquidators confirm end of legal pursuit of Bryers, former directors
July 18 (BusinessDesk) – The liquidator of Blue Chip Group has dropped proceedings against the failed property investment group’s former directors and auditors saying it was unable to raise enough funds for a legal battle. The company failed in 2008 owing $84 million to more th...
New Zealand consumer confidence eased in July from three-year high on petrol, interest rates
By Tina Morrison July 18 (BusinessDesk) – New Zealand consumer confidence eased in July as higher petrol prices and the prospect of rising mortgage rates dented financial sentiment. The ANZ-Roy Morgan consumer confidence index slipped to 119.8 from a three-year high of 123.9 in...
Milford Funds reaps $19 million in annual fees as funds beat performance targets
By Paul McBeth July 18 (BusinessDesk) - Milford Funds, a unit of Milford Asset Management that discloses financial statements, more than tripled its fee income, driving up annual profit, as it reaped the benefits of strong investment returns on growing funds under management....
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