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Feltex litigants’ backer agrees to disclose general terms of funding agreement
By Paul McBeth Aug. 16 (BusinessDesk) - UK-based Harbour Litigation Funding has agreed to disclose general terms of its funding agreement with litigants suing directors of Feltex in a class action suit, the Court of Appeal heard today. Senior counsel for the class action group,...
NZ manufacturing slips into contraction in July, first time in 3 months
By Hannah Lynch Aug. 16 (BusinessDesk) - New Zealand manufacturing sector slipped into contraction in July, falling to its lowest level in three months, according to the BNZ-BusinessNZ performance of manufacturing index (PMI). The PMI stood at 49.4 in July in seasonally adjuste...
Billionaire James Packer’s Ellerston emerges as holder of auction site Trade Me
By Hannah Lynch Aug. 16 (BusinessDesk) - Ellerston Capital, a fund manager controlled by Australian billionaire James Packer’s family interests, has emerged as a substantial holder of shares in New Zealand online auction site Trade Me. Sydney-based Ellerston, set up by the Pac...
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