National Business Review (NBR) New Zealand

Bank seeks to liquidate Heatley-linked company

ck Anderson — Fri, 19 Mar 2010 15:23:01 +1300

Criminal charges laid against Capital + Merchant Finance directors

orgina Bond — Fri, 19 Mar 2010 13:00:55 +1300

Criminal charges have been laid against four directors of Capital + Merchant Finance – one day after the Serious Fraud Office launched an investigation into the failed finance company.

The Securities Commission said it has laid criminal charges and issued civil proceedings against company directors Neal Nicholls, Owen Tallentire, Colin Ryan and Robert Sutherland.

Criminal charges have also been laid against former director Wayne Douglas, who resigned in February 2007.

$19m claim but can Bill Birnie pay the bill?

ncan Bridgeman — Fri, 19 Mar 2010 15:24:36 +1300

Former 1990s high-flying merchant banker Bill Birnie was once thought of as one of this country’s moneymen who made the world go around.

The boyishly dynamic chairman and managing partner of Birnie Capital Partners was a businessman who knew a good deal when he saw one.

Following his corporate dealmaking days at Fay Richwhite, and later Birnie Capital, he branched into a range of different ventures including property development and pharmaceutical life sciences.

Telecom shares hit new low, but worse to come - analysts

ris Keall — Fri, 19 Mar 2010 14:36:42 +1300

Telecom hit another all-time low on the NZX today.

The company's shares (NZX: TEL) finished the week at $2.11 - down 4 cents (1.86%) for the session and well off their 52-week high of $2.88.

Dunne indicates property tax change, lower personal tax

PA — Fri, 19 Mar 2010 12:14:03 +1300

Revenue Minister Peter Dunne has added further weight to widespread expectations the tax system on property investment is to be changed, and personal taxes are to be lowered.

Speaking to the International Fiscal Association conference in Christchurch today, Mr Dunne said changes to the tax treatment of property were likely, to make the rules fairer and more equitable for all taxpayers.

The good, the bad and the ugly - NBR 24/7's plays of the week

R staff — Fri, 19 Mar 2010 15:30:32 +1300