Sky TV slashes prices to stem customer exodus; cuts dividend to meet challenges
By Paul McBeth Feb. 28 (BusinessDesk) - Sky Network Television has slashed prices in an effort to slow an exodus of customers quitting its pay-TV service in favour of cheaper on-demand rivals and cut its interim dividend in half in an effort to cope with the rapidly changing e...
NZ dollar falls as Fed's Powell talks up US economic oulook
By Paul McBeth Feb. 28 (BusinessDesk) - The New Zealand dollar fell as Federal Reserve chair Jerome Powell gave an upbeat assessment of the US economy, stoking expectations for US interest rates to rise and prompting stocks on Wall Street to decline. The kiwi dropped to 72...
CORRECT: MARKET CLOSE: NZ shares gain for fifth day, led by Synlait on North Island plans
(Fixes prices throughout) By Paul McBeth Feb. 27 (BusinessDesk) - New Zealand shares rose for a fifth day, following overseas markets higher, led by Synlait Milk after the milk processor bought a plot in Waikato for a new manufacturing facility. Spark New Zealand, Fletcher...
Foley Family Wines returns to first-half profit as sales climb 21%
By Paul McBeth Feb. 27 (BusinessDesk) - Foley Family Wines returned to a first-half profit as the food and beverage firm controlled by US businessman Bill Foley lifted sales 21 percent and didn't face a repeat of Kaikoura earthquake-related costs. The Marlborough-based com...
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