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Article – BusinessDesk
Online start-up seeks rapid uptake of English football in pay-per-view challenge to Sky TV
By Jonathan Underhill and Tina Morrison Read more »
Article – BusinessDesk
By Jonathan Underhill and Tina Morrison Read more »
Article – BusinessDesk
By Paul McBeth
June 19 (BusinessDesk) – The New Zealand dollar was almost unchanged in local trading as traders await the outcome from the Federal Reserve’s monetary policy review and whether the US central bank plans to start unwinding its asset purchase programme. Read more »
Article – BusinessDesk
By Tina Morrison Read more »
Article – BusinessDesk
By Paul McBeth
June 18 (BusinessDesk) – The New Zealand dollar fell in local trading as investors await the Federal Reserve’s official view on whether it will start winding back its US$85 billion a month asset purchases this year. Read more »
Article – BusinessDesk
By Paul McBeth
June 18 (BusinessDesk) – ANZ Bank New Zealand, the country’s biggest lender, will defend a class suit over an estimated $250 million fees charged customers for going into overdraft, late credit card payments and bouncing cheques. Read more »
Article – BusinessDesk
By Paul McBeth
June 18 (BusinessDesk) – Shares in Cavalier Corp fell 1.8 percent after the carpet-maker warned annual earnings will be at the bottom end of guidance, and signalled a $1 million cash hit as it consolidates its tufting operation. Read more »
Article – BusinessDesk
By Paul McBeth
June 18 (BusinessDesk) – ANZ Bank New Zealand, the country’s biggest lender, has been named as the first bank facing a class suit over an estimated $250 million fees charged customers for going into overdraft, late credit card payments and bouncing cheques. Read more »
Article – BusinessDesk
By Tina Morrison
June 18 (BusinessDesk) – Mylan New Zealand, the local unit of the world’s third-largest generic-drug maker, boosted profit by two-thirds last year as sales growth outpaced expenses. Read more »
Article – BusinessDesk
by Paul McBeth
June 17 (BusinessDesk) – The New Zealand dollar extended its gain against the greenback from the tail-end of last week ahead of data which will likely augur well for the local economy and as the US Federal Reserve prepares to review monetary policy. Read more »
Article – BusinessDesk
June 17 (BusinessDesk) – Optimizer HQ, the Auckland-based tech company, raised $4 million from eligible investors as it mulls joining the local stock exchange after two less than successful listings overseas. Read more »
Article – BusinessDesk
June 17 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, will spend $30 million beefing up its dry distribution centre in Taranaki as it clamps down on freight costs. Read more »
Article – BusinessDesk
By Paul McBeth
June 17 (BusinessDesk) – MediaWorks NZ’s stable of lenders are in the box seat to take control of the heavily indebted broadcaster, appointing receivers and embarking on a plan that will leave Australian private equity owner Ironbridge Capital out in the cold. Read more »
Article – BusinessDesk
By Tina Morrison
June 17 (BusinessDesk) – New Zealand consumer confidence surged to its highest level in three years in June, buoyed by improving economic prospects, rising house values, low interest rates and falling prices, according to the latest Westpac McDermott-Miller Consumer Confidence survey. Read more »
Article – BusinessDesk
By Paul McBeth
June 17 (BusinessDesk) – MediaWorks NZ, the broadcaster whose stable includes TV3 and Four, and radio stations including Radio Live, the Rock and MoreFM, is “well advanced” with plans for new ownership after being placed in receivership this morning. Read more »
Article – BusinessDesk
By Paul McBeth
June 17 (BusinessDesk) – MediaWorks New Zealand, the broadcaster whose stable includes TV3 and Four, and radio stations including Radio Live, the Rock and MoreFM, is expected to be put into receivership today after a planned recapitalisation failed to win over its lenders. Read more »
Article – BusinessDesk
June 17 (BusinessDesk) – New Zealand’s economy probably grew at a slower pace in the first three months of the year, after expanding at the fastest clip in three years in the fourth quarter of 2012, led by construction and manufacturing. Read more »
Article – BusinessDesk
June 17 (BusinessDesk) – New Zealand’s economy probably grew at a slower pace in the first three months of the year, after expanding at the fastest clip in three years in the fourth quarter of 2012, led by construction and manufacturing. Read more »
Article – BusinessDesk
By Paul McBeth
June 14 (BusinessDesk) – The New Zealand dollar is heading for a 2.2 percent weekly gain against the greenback after the Reserve Bank kept rates on hold yesterday, and the first Federal Reserve approaches its first monetary policy review since signalling it would slow its money-printing programme. Read more »
Article – BusinessDesk
By Tina Morrison
June 14 (BusinessDesk) – Yellow Pages, the former Telecom directory company whose lenders seized control in 2010, will cut about 35 jobs and separate out its print unit to focus on digital growth. Read more »
Article – BusinessDesk
By Paul McBeth
June 14 (BusinessDesk) – The New Zealand government and SkyCity Entertainment Group are giving themselves another fortnight to cut a deal on the terms for the casino and hotel operator to build a $402 million convention centre in Auckland in exchange for regulatory concessions. Read more »
