MediaWorks confident of sorting out TV problem child after 2016 loss
By Paul McBeth May 30 (BusinessDesk) - MediaWorks Investments, the free-to-air broadcaster owned by private equity firm Oaktree Capital, is confident a new strategy will turn around its television business after a poor performance in 2016 drove the bottom line into the red. ...
Cooperative Bank posts flat annual earnings as shrinking margins offset lending growth
By Paul McBeth May 29 (BusinessDesk) - The Cooperative Bank, which distributes rebates to its customer-shareholders, posted flat annual earnings as shrinking margins offset lending growth from an expanding customer base, and as impairment charges on bad debts rose. Net pro...
Property For Industry management contract worth more than $42M, independent adviser says
By Paul McBeth May 29 (BusinessDesk) - Property For Industry's management contract is worth more than the $42 million the industrial property investor will pay to bring the contract in-house, which should pave the way to higher dividends, says an independent appraisal of the d...
New Zealanders' confidence in financial markets improves: FMA survey
By Paul McBeth May 29 (BusinessDesk) - Almost two-thirds of New Zealanders have confidence in the country's capital markets, up from just over half last year, a Financial Markets Authority survey shows. Five percent of 1,000 people surveyed by Colmar Brunton are very confi...
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