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![Bid to stop Feltex class action fails](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Bid to stop Feltex class action fails
Attempts by the former directors of the failed carpet-maker Feltex to halt a class action by 2852 shareholders who lost $250 million have been thrown out by the Court of Appeal.
![Moa's first shares trade at $1.35](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Moa's first shares trade at $1.35
Shares in Moa Group, the boutique beer maker doing NZ's first initial public offering of the year, have started trading on the NZX at an 8 per cent premium.
![Brian Gaynor: Higher bid price a credit to F&P directors](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Brian Gaynor: Higher bid price a credit to F&P directors
Sale to Haier compares well to takeovers of other firms, including BNZ 20 years ago.
![Stock Takes: Xero makes Aussie debut](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Stock Takes: Xero makes Aussie debut
Accountancy software firm Xero yesterday joined a short list of New Zealand companies to dual list in Australia.