Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Business

All category news

  • Emirates plane from Dubai nearly collides with Air Seychelles

    20 July 2017 4:01 PM

    Plane from Dubai nearly crashes into another plane while making its descent to land Dubai: A double-decker plane from Dubai with hundreds of passengers on board nearly collided with another aircraft recently when it was descending to land at an airport in Mauritius. Emirates' Airbus A380-800 (flight EK-703) was making its descent when an Air Seychelles

  • Judge orders Love and Skiffington's Plimmerton house sold

    20 July 2017 8:49 AM

    Judge orders Love and Skiffington's Plimmerton house sold, "tainted by crime" July 20 (BusinessDesk) - The Plimmerton house at the centre of Ngatata Love's fraud case must be sold, as it is tainted by the proceeds of crime and its value is eroding as the mortgage is nearly $100,000 in arrears, a judge has ruled. Last October, former Treaty negotiator

  • Scoop Business » SkyCity comfortable with Fletcher delay on convention centre

    20 July 2017 5:37 AM

    July 20 (BusinessDesk) – SkyCity says it’s comfortable with the “slight delay” from Fletcher Building in completing its $470 million convention centre, announced today as Fletcher’s share price has plunged following a profit downgrade and immediate departure of its chief executive. The New Zealand stock exchange said it will be investigating Fletcher

  • MARKET CLOSE: Fletcher Building plunges on Adamson ouster

    20 July 2017 5:37 AM 1

    July 20 (BusinessDesk) - New Zealand shares fell, dragged lower by Fletcher Building hitting a six-week low, as the company's board advised a second large earnings downgrade this year and the departure of its chief executive, Mark Adamson. The S&P/NZX50 Index dropped 60.31 points, or 0.8 percent, to 7,672.44. Within the index, 29 stocks fell, 11 rose and 10 were unchanged

  • Scoop Business » MARKET CLOSE: Fletcher Building plunges on Adamson ouster

    20 July 2017 3:27 AM

    July 20 (BusinessDesk) – New Zealand shares fell, dragged lower by Fletcher Building hitting a six-week low, as the company’s board advised a second large earnings downgrade this year and the departure of its chief executive, Mark Adamson. The S&P/NZX50 Index dropped 60.31 points, or 0.8 percent, to 7,672.44. Within the index, 29 stocks fell, 11 rose and 10 were unchanged

  • SkyCity comfortable with Fletcher delay on convention centre

    20 July 2017 2:56 AM 1

    SkyCity says it's comfortable with the "slight delay" from Fletcher Building in completing its $470 million convention centre, announced today as Fletcher's share price has plunged following a profit downgrade and immediate departure of its chief executive. The New Zealand stock exchange said it will be investigating Fletcher Building's additional profit

  • UPDATE: Fletcher dumps Adamson in face of dissatisfaction

    20 July 2017 12:35 AM

    July 20 (BusinessDesk) - Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, who leaves immediately with the loss of share options and other incentives as the company slashed its full-year earnings guidance and flagged an impairment against Australian assets. The stock dropped 8.4 percent to a 16-month low of $7.41. Typically

  • Fletcher Building CEO departs amid $415m fortune turnaround, stock drops to 16-month low

    20 July 2017 12:35 AM

    Full-year operating earnings guidance has been sliced from a top range of $760 million earlier this year to just $525m now and a $220m impairment hit is being taken on two big business units. That is a $415m change in Fletcher's fortunes, combining the top of the earning's range guidance with the slide and the value writedowns although the company says the latter

  • New revelations in Joanne Harrison report

    19 July 2017 11:09 PM

    The State Services Commission’s report into the treatment of whistle-blowers by Joanne Harrison has revealed new accusations against the convicted fraudster, says Labour MP Sue Moroney. “The report found that four staff inside the Ministry of Transport who had raised concerns about Harrison’s behaviour suffered disadvantage in processes Harrison was involved

  • Report of investigation into whistle-blower treatment

    19 July 2017 11:09 PM

    State Services Commissioner Peter Hughes has today published the report of the investigation into the treatment of Public Servants within the Ministry of Transport who raised concerns about the conduct of jailed fraudster Joanne Harrison. Mr Hughes has also announced that the State Services Commission is developing options for how the Protected Disclosures