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NZ business confidence falls in May for first time in 7 months, National Bank says
By Hannah Lynch May 31 (BusinessDesk) - New Zealand business confidence fell for the first time in seven months amid increased uncertainty about the global economy as Europe's debt crisis spreads, according to the National Bank Business Outlook. A net 27.1 percent of surveyed...
SFO lays 28 charges against former Herbert Insurance boss
May 31 (BusinessDesk) - The Serious Fraud Office has laid 28 charges against former Herbert Insurance Group boss Grant Herbert, alleging he used client funds to finance his lifestyle. The failed insurance broker's former owner and director, Herbert, appeared in the Auckland Di...
Cushings edge closer to takeover threshold in Kirkcaldie with 18.48% stake
By Hannah Lynch May 31 (BusinessDesk) - Selwyn and David Cushing have edged closer to the takeover threshold in Kirkcaldie & Stains, the iconic Wellington department store owner whose property assets are worth almost twice the company’s market capitalisation. The Cushing family...
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