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FMA files civil proceeding against Brian Henry over market manipulation of Diligent shares
July 24 (BusinessDesk) – The Financial Markets Authority has accused Brian Henry, venture capitalist, of market manipulation of shares in NZX-listed Diligent Board Member Services. Henry was a founding member of Diligent, a company that has been marred by missteps over its admi...
Drought hits Q4 MightyRiver production, as forecast
July 24 (BusinessDesk) – Partially privatised electricity company MightyRiverPower saw electricity generation and sales fall in the last quarter of the financial year to June 30, although the decline was forecast in the company’s April prospectus. MRP listed on the NZX and ASX...
New Zealand consumers more cautious about credit, keen to save, survey says
By Tina Morrison July 24 (BusinessDesk) – New Zealanders have become more cautious about the use of credit and more likely to save following the global financial crisis, according to credit company Dun & Bradstreet. Some 39 percent of people said they are more likely to save mo...
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