Results for New Zealand
- Harman Bankrupted as Liquidators Strike Problems
Edward Harman, the New Zealand man behind a string of failed investments involving a coterie of well-known business people, has been bankrupted as concerns emerge over the liquidation of his companies, The National Business Review reported. Mr Harman ...
Daily Headline - global.abi.org - 03/04/2009 - 09:21 - 0 comments
- Government Had No Reason to Think Mascot Would Fail
The New Zealand government says it had no reason to believe that Mascot Finance would fail when it granted it a taxpayer-funded deposit guarantee in January, The Press reported. Questions over whether the Crown should have given Mascot Finance a guar ...
Daily Headline - global.abi.org - 03/04/2009 - 09:20 - 0 comments
- Mountain Buggy UK's Assets Frozen by Dutch Court Order
Tritec Manufacturing’s UK subsidiary Mountain Buggy UK has had all its European assets frozen by a Dutch bank after Denmark-based company DK Intertrade alleged the pushchair manufacturer had breached a contract, The National Business Review reported. ...
Daily Headline - global.abi.org - 03/03/2009 - 10:50 - 0 comments
- TV Firm Goes Into Receivership
A receiver has been appointed to one of New Zealand's most prolific TV companies, Ninox Television, maker of shows including Location, Location, Location and Sensing Murder, The New Zealand Herald reported. Receiver Stephen Lawrence of PKF Insol ...
Daily Headline - global.abi.org - 03/03/2009 - 10:49 - 0 comments
- ABN Amro to Find Out If it’s in the 'Bad Bank'
Investment bank ABN Amro and New Zealand’s biggest retail investment advisory network ABN Amro Craigs could soon be ringfenced into a “bad bank,” put up for sale and forced to cut jobs. Royal Bank of Scotland owns half of ABN Amro Craigs and all of ABN A ...
Daily Headline - global.abi.org - 02/26/2009 - 10:34 - 0 comments
- Kitchen House in Receivership
One of New Zealand’s main kitchen design, build and sale companies went in to receivership yesterday, The National Business Review reported. Kitchen House has a manufacturing facility in Mt Wellington that manufactures cabinets, bench tops and doors. ...
Daily Headline - global.abi.org - 02/24/2009 - 08:56 - 0 comments
- Westpac Has Increase in Mortgages in Arrears in NZ
90 days or more in arrears. At the end of December, 0.66 of a percent of Westpac's New Zealand ... low but a rise of 0.19 percentage points in three months is steep. Read more. (New Zealand, ...
Daily Headline - global.abi.org - 02/18/2009 - 08:55 - 0 comments
- Australian Stimulus Deal May Help Economy Defy Global Recession
Australia’s A$42 billion ($28 billion) stimulus package may keep the nation from sliding into its first recession since 1991 by stoking consumer spending and building schools, roads and hospitals, Bloomberg reported. The Treasury department forecasts Pri ...
Daily Headline - global.abi.org - 02/13/2009 - 10:13 - 0 comments
- Iconic Wellington Car Dealer Fails
Williams and Adams, Wellington's longest established and largest motor vehicle dealership, has gone into liquidation, The National Business Review reported. John Fisk of PricewaterhouseCoopers said Williams family shareholders met yesterday afte ...
Daily Headline - global.abi.org - 02/05/2009 - 10:10 - 0 comments
- Australian Receivers Put Retail Chain Up For Sale
Australian Discount Retail Ltd., owner of the Crazy Clark’s/Go-Lo chain of variety stores, will be sold after a syndicate of lenders owed A$96 million ($63 million) appointed a receiver, Bloomberg reported. The first step will be to sell ADR’s Crazy Clar ...
Daily Headline - global.abi.org - 04/13/2010 - 12:42 - 0 comments