Mighty River board's $1200 payday
Mighty River's directors are receiving additional fees of $1200 for each day they spend working to prepare the company for its sale, it was revealed today.
Mighty River's directors are receiving additional fees of $1200 for each day they spend working to prepare the company for its sale, it was revealed today.
If you don't have a broker, you may not be able to sell Mighty River shares quickly, says one fund manager.
The unresolved issue of Maori water rights may yet have an impact on Mighty River's future operating costs.
The Mighty River Power share offer website was this afternoon buckling under the weight of hits.
Mexican tycoon Carlos Slim has once again topped the annual Forbes Billionaires List, while New Zealand's three richest people have all dropped places.
Market players are anticipating strong demand for the Government's partial float of Mighty River Power.
Retailer Postie Plus is again in talks with its bankers as it prepares to announce a "substantial loss" to the market.
Looks like details of the long-awaited Mighty River Power float are set to be released on Monday with the Government raring to go after receiving the all clear from the Supreme Court.
There are no simple solutions available to the Reserve Bank to deal with a New Zealand dollar that is significantly overvalued, says governor Graeme Wheeler.
The exchange rate is too high, Reserve Bank governor Graeme Wheeler says, but there are no simple solutions available to the bank to lower it.
Commercial property yields across Auckland have shown the strongest drop across New Zealand over the past year.
Adam Smith, the Enlightenment thinker who invented the idea of the free market, was an incisive economic commentator.
Fletcher Building chief executive Mark Adamson could slice costs by $75 million, as the construction giant tries to pare back spending to bolster its bottom line.