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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...
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...
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...