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Auckland Airport expects no credit rating impact from raising debt to return capital
Nov. 28 (BusinessDesk) – Auckland International Airport, the second largest company on the NZX 50 Index by market value, expects to maintain its credit rating while taking on debt to part fund a $454 million capital return to shareholders, says chief financial officer Simon Robe...
Rob Everett, former UK consultant, banker, named new CEO of FMA
Nov. 28 (BusinessDesk) – Rob Everett, a UK-based regulatory consultant and former investment banker, has been named chief executive of the Financial Markets Authority, replacing Sean Hughes. Everett, 45, will take up the position on Feb. 3 and FMA head of legal Liam Mason will...
Comvita posts 1H loss of $790k on margin squeeze, competition in Australia, UK
By Paul McBeth Nov. 28 (BusinessDesk) - Comvita, which makes health products from Manuka honey, reported a first-half small loss as its margins were squeezed by expensive honey and as trading conditions in Australia and the UK were stretched by stiff competition. The Te Puke-...
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