Fletcher 2020 earnings guidance shows small downside bias
Fletcher Building has signalled a small downside bias in its core operating profit forecast for the year ending June 2020. The guidance, which ranges from a 6 percent reduction to a 3 percent increase from last year, comes as its New Zealand building products businesses are on...
TVNZ to be Sky TV's free-to-air partner for 2020 Olympics
Sky Network Television says TVNZ will be its free-to-air partner for the 2020 Summer Olympic Games in Tokyo.Sky, which also has the broadcast rights to the 2024 Summer games in Paris and the 2022 Winter games in Beijing, says it will stream and broadcast all of the Tokyo games ac...
Ryman's build-rate ramp-up has some analysts fretting about debt
Ryman Healthcare is ramping up its build rate after a slow few years and the capital spending that will require has some analysts fretting about how much debt the retirement village operator is taking on.Ryman built 234 new units and beds in the six months ended September and exp...
RBNZ wants to beef up puny prudential supervisory resources
The Reserve Bank of New Zealand says it will be increasing its scrutiny of financial institutions and raising its current very low prudential supervisory staffing levels, subject to funding constraints.Deputy governor Geoff Bascand, who is also financial stability general manager...
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