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Liquidators have been appointed to a raft of Mainzeal and Richina related companies at the request of the shareholder. BDO’s Andrew Bethell and Brian Mayo-Smith have been appointed liquidators of the group companies, including the first firm to fall over Mainzeal Property and Construction, according to documents lodged with the Companies Office. The appointments were made yesterday by a special …

Environment Minister Amy Adams is taking a combative approach to early criticism from environmental groups of the government’s proposed changes to the Resource Management Act, saying the critics are “out of touch with New Zealanders.” Fundamental reform proposals for the 22 year-old RMA legislation were published yesterday with a raft of measures to give much greater power to the central …

Allied Farmers has taken a further $4.1 million impairment on its ex-Hanover Finance assets, inflating its first-half loss, which still narrowed from a year earlier. The Hawera-based company posted a loss of $5.5 million in the six months ended Dec. 31, from a loss of $8.3 million a year earlier. Revenue rose to $22.6 million from $9.6 million. The company …

Veritas Investments, the shell company that’s acquiring the Mad Butcher franchisor business, aims to raise up to $25 million in the public share offer next month and has secured a $10 million loan facility from ANZ New Zealand. The capital raising will fund the $20 million cash component of its $40 million purchase, with the balance to be met with …

Solid Energy’s former chief executive Dr Don Elder must be allowed to appear before MPs, Labour’s SOEs spokesperson Clayton Cosgrove says. Clayton Cosgrove has today written to Solid Energy’s new chairman Mark Ford  and interim chief executive Garry Diack requesting that the former CEO appear before the Commerce Select Committee as part of the 2011/12 Financial Review Hearing of Solid …

The second announcement in a week of new companies setting up in Wellington is further proof that the city and its environs are increasingly attractive base for business, says Wellington Employers’ Chamber of Commerce, Chief Executive Raewyn Bleakley. “The decision by Contact Centres Australia to choose the Wellington CBD to open their first New Zealand contact centre, creating] about 100 local …

 New Zealand’s terms of trade unexpectedly fell to a three-year low in the fourth quarter as prices of dairy exports extended their slide and fish export prices fell. The terms of trade fell 1.3 percent in the fourth quarter from three months earlier, according to Statistics New Zealand. A 1.3 percent gain was expected, based on a Reuters survey. The …

The worst kept secret of the Government’s privatisation programme has been all but confirmed, with the Australian media reporting that Mighty River Power will be on sale to Australian investors, says Clayton Cosgrove, Labour’s State Owned Enterprises spokesperson. The Australian Financial Review, Australia’s most respected business news source, has reported today that Mighty River Power will be listed on both …

ANZ Bank announced an assistance package to help drought-affected farmers get through the Big Dry.  Parts of Northland have had their driest February since records began. This week the Government declared a state of drought in Northland, and Federated Farmers expects other regions to follow soon. “As with any serious weather event that impacts on dairy and meat production, the …

New Zealand’s terms of trade unexpectedly fell to a three-year low in the fourth quarter as prices of dairy exports extended their slide and fish export prices fell. The terms of trade fell 1.3 percent in the fourth quarter from three months earlier, according to Statistics New Zealand. A 1.3 percent gain was expected, based on a Reuters survey. The …