TeamTalk shares jump 22% as first-half earnings rebound
By Paul McBeth Feb. 17 (BusinessDesk) - TeamTalk shares jumped 22 percent after the listed telecommunications firm's first-half profit rebounded from a year earlier when it wrote down the value of its Farmside broadband services unit. It sees further gains in the second half. ...
Living Cell raises A$2.8M in NZ for next Parkinson's treatment trial
By Paul McBeth Feb. 17 (BusinessDesk) - Living Cell Technologies, the ASX-listed biotech company with New Zealand-based operations, has raised A$2.8 million from Kiwi investors to help fund the next phase of its product to treat Parkinson's disease. The Melbourne-headquart...
IAG's NZ profit slumps as Berkshire deal more than doubles reinsurance costs
By Paul McBeth Feb. 17 (BusinessDesk) - Insurance Australia Group's New Zealand division posted a 94 percent drop in first-half earnings as reinsurance costs more than doubled from an arrangement entered into with Warren Buffett's Berkshire Hathaway. Sydney-based IAG's New...
ANZ's local division posts 6% drop in first quarter profit on skinnier margins
By Paul McBeth Feb. 17 (BusinessDesk) - Australia & New Zealand Banking Group's kiwi unit reported a 6 percent fall in first-quarter profit as tight lending competition ate into margins, even as it grabbed a bigger slice of the market. Cash profit fell to $390 million in t...
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