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1 week ago | 
nbr.co.nz | Nicholas Pointon
Master Electricians is bringing a lawsuit against Waterstone Insolvency on behalf of Stanley Group creditors who are still owed retentions nearly six years after the companies failed. Waterstone principal Damien Grant said the industry body “has its circuits crossed”. The issue centres on $2.1 Want to read more? It's easy.
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1 week ago | 
nbr.co.nz | Nicholas Pointon
And the conclave has failed to select a new pope in the first round of voting. Happy Thursday and welcome to your morning wrap of the key business and political headlines from around the world. First up this morning, the BBC is reporting that Pakistan has shot down five Indian jets after India fired missiles on Pakistan and Pakistani Kashmir in retaliation for last month’s terrorist attack by Islamist militants that killed 25 in Pahalgam.
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1 week ago | 
nbr.co.nz | Nicholas Pointon
And Burger King faces a class action suit for allegedly inflating the size of its menu items. Happy Wednesday and welcome to your morning wrap of the key business and political headlines from around the world. First up, new Canadian Prime Minister Mark Carney has met with US President Donald Trump for the first time at the White House, telling him that Canada is “not for sale”.
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1 week ago | 
nbr.co.nz | Nicholas Pointon
Law Data obtained under Official Information Act shows prosecutions related to phoenix activity are rare, with an average of less than three prosecutions annually over the past five years.
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1 week ago | 
nbr.co.nz | Nicholas Pointon
Steven Joyce tapped to be NZME chair NZME's board has released the director nominations ahead of next month's annual meeting, including its 'alternative board composition proposal'. Steven Joyce. Media company NZME has put forward an alternative board structure in which Barbara Chapman would resign as chair if former National Party MP Steven Joyce replaces her.
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1 week ago | 
nbr.co.nz | Nicholas Pointon
Voluntary administrations fall sharply over past year New data shows that VA appointments in the March quarter fell 85% on a year ago. Voluntary administrations have fallen, but liquidations risen. A sharp fall in the number of companies that end up in voluntary administration (VA) over the past year has been chalked up to many struggling firms not being worth saving.
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2 weeks ago | 
nbr.co.nz | Nicholas Pointon
And a proposed minerals deal between the Ukraine and the United States faces last minute changes. Happy Thursday and welcome to your morning wrap of the latest business and political headlines from around the world. First this morning, the US economy has contracted for the first time in three years, as the front loading of imports by domestic businesses in light of trade tariffs has weighed on growth.
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2 weeks ago | 
nbr.co.nz | Nicholas Pointon
Fund manager and KiwiSaver provider Simplicity has appointed former Financial Markets Authority and NZ Growth Capital Partners head Rob Everett to its board. His appointment is effective from today, and he will become the company’s independent chair from July 1, replacing incumbent Joy Marslin, Want to read more? It's easy.
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2 weeks ago | 
nbr.co.nz | Nicholas Pointon
And Adidas says it will raise the price of products sold into the US because of tariffs. Happy Wednesday and welcome to your morning wrap of the latest business and political headlines from around the world. We begin first in the United States, where the White House has taken aim at Amazon after a report the company considered displaying the added costs of tariffs on certain items, CNN reports.
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2 weeks ago | 
nbr.co.nz | Nicholas Pointon
Prolific property flipper’s assets frozen Liquidators of Rickhil Prakash’s property investment entity found it transferred a number of properties just before it failed. Rickhil Prakash. An Auckland real estate agent – previously named as one of country’s most prolific property speculators – is trying to reach a settlement with liquidators after they had his assets frozen.
