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Justice Minister Collins tables stop-gap bill to protect Public Trust from litigation

Justice Minister Collins tables stop-gap bill to protect Public Trust from litigation

By Paul McBeth May 8 (BusinessDesk) - Justice Minister Judith Collins has introduced stop-gap legislation to protect state-owned Public Trust from liability for failed finance company trustees if those firms choose to ditch their responsibilities. The minister tabled the Trus...

08 May 2013
MightyRiver shares to float at $2.50, in lower half of target range

MightyRiver shares to float at $2.50, in lower half of target range

by Pattrick Smellie May 8 (BusinessDesk) - MightyRiverPower shares will list on the NZX at 12.30pm this Friday at $2.50 a share, in the middle of the $2.25 to $2.80 range announced when the MRP prospectus was released last month. Some 113,000 New Zealanders, about a quarter of...

08 May 2013
MARKET CLOSE NZX 50 pushes up to new record; F and P Healthcare gains

MARKET CLOSE NZX 50 pushes up to new record; F and P Healthcare gains

May 8 (BusinessDesk) – New Zealand stocks rose, pushing the NZX 50 Index to a new record, as investors welcomed Fisher & Paykel Healthcare’s continued release on new products and the Reserve Bank said it had intervened in the currency market to try to force the kiwi down. The N...

08 May 2013