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Archive for November, 2012

MARKET CLOSE: Fonterra Fund produces historic stag – up 26%

Article – BusinessDesk

MARKET CLOSE: Fonterra Fund produces historic stag – up 26%
on day one

By Paul McBeth

Nov. 30 (BusinessDesk) – The
historic listing of Fonterra units on the NZX caused mammoth
volumes by New Zealand market standards and the biggest
listing day stag that investors have seen for years. Read more »

Shaun Coffey bows out as Callaghan Innovation replaces IRL

Article – BusinessDesk

Shaun Coffey bows out as Callaghan Innovation institute
replaces IRL

By Pattrick Smellie

Nov. 30
(BusinessDesk) – The chief executive of Industrial Research
Limited, the Crown Research Institute being folded into the
new advanced technology institute, has announced his
resignation after six and a half years spent restoring the
once-ailing science body’s financial performance. Read more »

NZ dollar ends November where it started: MPS next week

Article – BusinessDesk

NZ dollar ends November where it started ahead of next
week’s RBNZ review

By Paul McBeth

Nov. 30
(BusinessDesk) – The New Zealand dollar is set to end the
month virtually unchanged against the greenback as US
politicians try to navigate away from the fiscal cliff and
trans-Tasman central banks prepare to review monetary policy
next week. Read more »

Housing or hospitals?

Press Release – Royal NZ College of General Practitioners

Media Release
30 November
2012

Housing or
hospitals?

Read more »

Auckland man pleads guilty to 66 charges of deception; fraudulent loans totalled $4.9m

News from Serious Fraud Office
Mark James Whelan has entered guilty pleas to 66 charges in the Auckland District Court today in relation to a Serious Fraud Office investigation. The charges were laid in September 2011 for Mr Whelan’s principal role in a scheme to defraud Dunedin-based vehicle finance company, Motor Trade Finances Limited. Read more »

Loizos Michaels found guilty of 31 charges involving financial fraud

Press Release – Serious Fraud Office
Loizos Michaels (45) was today found guilty in the Auckland District Court of Crimes Act charges laid by the Serious Fraud Office (SFO). After defending charges of obtaining by deception or causing loss by deception in an eight-week trial, Mr Michaels was found guilty of 31 charges by Judge Field. The charges each carry a maximum penalty of seven years. Read more »

Acacia Bay man faces 35 fraud charges after finance company collapse

Press Release: Serious Fraud Office
An Acacia Bay man, Hugh Edward Staples Hamilton (61) has appeared at the Auckland District Court today charged with fraud following the 2008 collapse of Belgrave Finance Limited. As a result of a joint prosecution by the Serious Fraud Office (SFO) and the Financial Markets Authority (FMA), Mr Hamilton is facing 19 Crimes Act charges of theft by a person in a special relationship, five charges of false statement by promoter, and 11 Companies Act charges of making a false statement to a trustee. Read more »

Wellington’s Chow brothers given approval to build brothel opposite SkyCity

Press Release – Stop Demand
The green light given for the proposed expansion of the red-light district in the Auckland CBD, is disappointing but unsurprising, says Stop Demand Foundation. Read more »

Heartland sees flat profit in 2013, announces special divvy

Article – BusinessDesk

Heartland sees flat profit in 2013, announces special
dividend

By Paul McBeth

Nov. 30 (BusinessDesk) –
Heartland New Zealand, which expects to hear back on its
banking licence application before Christmas, sees flat
profit in the 2013 financial year, and has announced a
pre-Christmas special dividend. Read more »

Morning congestion on motorway network caused by breakdown of paving machine

News from NZTA
A fault in a paving machine being used to re-lay the surface of a section of Auckland’s Southern Motorway (State Highway 1) was responsible for heavy congestion and delays during this morning’s peak. Read more »

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