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Telecom drops Fitch from ratings coverage
By Hannah Lynch June 29 (BusinessDesk) - Telecom, the largest company on the NXZ 50, has dropped Fitch Ratings from its credit ratings line-up. The telecommunications company will continue to engage with ratings agencies Standard & Poor's and Moody's Investors Service for rati...
Pauanui Lakes Properties liquidation winds up with $29.5 mln owed to creditors
June 29 (BusinessDesk) - Liquidators of Pauanui Lakes Properties, one of a group of related companies that had been developing the Lakes Resort at Pauanui, have completed their work, leaving some $29.5 million owed to 36 creditors, according to their final report. The company w...
Billionaire Bill Foley to take control of NZ Wine Co
By Hannah Lynch June 29 (BusinessDesk) - Foley Family Wines, owned by the California-based billionaire Bill Foley, is to take control of New Zealand Wine Company, whose brands include Vavasour, Goldwater, Clifford Bay and Dashwood. The merger which will see Foley take an 80 per...
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