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The Independent, 29 November 2000

Front page:

* SFO head David Bradshaw rejected advice to try prosecuting Paul Hyslop over the Fletcher Challenge Paper insider trading scandal under either sections of the Companies Act or the Crimes Act covering, respectively, fraudulent use of company property and use of a document for pecuniary advantage. The SFO and Securities Commission would not make results of their investigations available to Fletcher Challenge, preventing the company considering its own actions against Hyslop. The Independent has asked the Ombudsman to review Bradshaw's advice;

* Mowbray Collectables, the first company to list on the NZSE via the New Capital Market mechanism, expects to post documents outlining its key transaction to shareholders this Friday;

* Otter Gold faces another substantial loss, similar to last year's $6.9 million.

Elsewhere in the paper:

* strange piece about whether or not Labour promised and has failed to deliver a Ministry of Rural Affairs;

* TVNZ hopes to help Chinese host broadcaster with broadcasts from next year's APEC leaders' summit in Shanghai;

* newspaper publishers struggle to make money from the Web;

* Frucor undergoes management restructure;

* Air NZ chairman Selwyn Cushing raises prospect of Air NZ A shares being allowed to be owned by Australians as a result of a single trans-Tasman aviation market;

* at last, a decision on dairy co-ops mega merger may be close;

* Vector wins court battle to pay out $182 million to its customers after court battles Auckland, Manukau cities and Papakura District challenged its intentions in court;

* The Analyst asks whether Eric Watson is losing his Midas Touch?

ends


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