APN wins adjournment in IRD tax avoidance challenge in High Court
By Fiona Rotherham Feb. 24 (BusinessDesk) - Australian publisher APN News and Media, publisher of the NZ Herald, has been granted an adjournment of its High Court challenge to an Inland Revenue Department finding it owes tax in relation to financing arrangements with its New Z...
Bunnings star performer in 1.2% boost in Wesfarmers 1H profit
By Fiona Rotherham Feb. 24 (BusinessDesk) - ASX-listed conglomerate Wesfarmers, which owns the Coles supermarket, Bunnings hardware, Kmart and Target department store brands, lifted first-half profit 1.2 percent, led by strong growth in Bunnings and weighed down by low commodi...
Property boom near triples Metlifecare's half-year net profit, more construction underway
By Fiona Rotherham Feb. 24 (BusinessDesk) - Metlifecare, the listed aged care and retirement company, has more than tripled half-year net profit, mainly due to the impact of booming property prices, particularly in Auckland and the Bay of Plenty, and given renewed impetus to i...
Swiss sportswear company launches global equity crowdfunding offer including NZ platform
By Fiona Rotherham Feb. 24 (BusinessDesk) - Australian-founded, Swiss-based premium sportswear brand Skins has launched a global equity crowdfunding campaign today incorporating New Zealand, Australia, the UK, and Europe. The offer involves raising a minimum of $800,000 in...
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