Labour MP Clayton Cosgrove will attempt to force the former chief executive of Solid Energy, Don Elder, to appear before the commerce select committee. Cosgrove dominated the committee hearings throughout the day at Parliament, using the opportunity to torment the chairs and chief executives of MightyRiverPower and Genesis Energy, but was at his most aggressive in pursuing information on Solid …

The former chair of companies in the collapsed construction group Mainzeal, Dame Jenny Shipley, faced hostile questions on her suitability as chair for state-owned electricity company Genesis Energy. Appearing before the commerce select committee for a regular performance review by MP’s, Dame Jenny would not answer calls from Labour’s Clayton Cosgrove for assurances there was nothing relating to her Mainzeal …

Xero, Wellington-based cloud accounting software firm, has become New Zealand’s latest billion dollar company after its shares climbed to a new record today. The stock rose 5.7 percent to $8.60, giving the software developer a market capitalisation of $1.01 billion and putting Xero in the company of 17 other local issuers on the stock exchange. That’s about 21 times Xero’s …