National claims $11.7 billion 'hole' in Labour's spending plans
By Pattrick Smellie Sept. 4 (BusinessDesk) - The National Party is claiming an $11.5 billion mistake in the Labour Party's spending plans, saying the party has failed to account for normal and inevitable increases in annual government spending in the updated fiscal plan that i...
TVNZ full-year profit drops 89% on Disney contract writedown, weaker sales
By Pattrick Smellie Aug. 31 (BusinessDesk) - State-owned Television New Zealand posted an 89 percent drop in full-year profit after taking a $12.4 million writedown on the value of an "onerous" contract for content from the Disney studio and some $4.5 million of restructuring...
Fletcher Building board's critics 'don't know much about construction': Binns
By Pattrick Smellie Aug. 24 (BusinessDesk) - Critics of the Fletcher Building board of directors "don't know a lot about construction" if they think it's unusual for a building company to experience financial difficulty in a bull market, says former Fletcher senior executive M...
Mark Binns: 'Read my lips' - no interest in leading Fletcher Building
By Pattrick Smellie Aug. 24 (BusinessDesk) - Retiring Meridian Energy chief executive Mark Binns definitively ruled himself out of interest in either taking over the leadership of Fletcher Building or of becoming a director of the troubled construction company. Binns was a...
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