Business
Primary Sector
UPDATE: A2 Milk shares fall 15% despite solid result
(Recasts lead to include share price reaction, updates to add broker comment, detail throughout.) By Rebecca Howard Aug. 21 (BusinessDesk) - A2 Milk shares fell 15 percent despite another strong lift in annual revenue and net profit as a massive marketing push helped it mak...
Services
Mark Waller to step down as Ebos chair
By Jenny Ruth Aug. 21 (BusinessDesk) - Mark Waller will retire as chair of Ebos Group after the annual meeting on Oct. 15. Waller joined the company as chief financial officer in 1984 and became managing director in 1987, a position he held through to 2014. During that p...
Infrastructure
UPDATE: Spark lifts annual profit 12% as cost-cutting drive pays off
(Adds detail from 7th paragraph) By Paul McBeth Aug. 21 (BusinessDesk) - Spark New Zealand lifted annual profit 12 percent as the country's biggest telecommunications company stripped out costs in its Quantum transformation programme. Net profit rose to $437 million in...
Policy
Nimbys, carparks and the status quo under threat as govt tells big cities: grow up and out
By Pattrick Smellie Aug. 21 (BusinessDesk) - Local councils face a huge shift in how they plan the growth of cities, with the government issuing draft national directives that would require councils to focus on the positive and future impacts of new developments rather than th...
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