Warehouse pays biggest dividend in 5 years after lifting annual earnings 26%
By Paul McBeth Sept. 25 (BusinessDesk) - Warehouse Group will pay its biggest dividend in five years as efforts to turn the ship around have started paying off with a 26 percent lift in annual underlying profit. Adjusted profit, which strips out one-off and non-operating i...
Tower to raise $47.2m at a discount to buy Youi, bolster balance sheet again
By Paul McBeth Sept. 24 (BusinessDesk) - Tower will raise $47.2 million at a discount, of which less than half will go towards buying controversial minnow Youi NZ and the rest will bolster the insurer's balance sheet to meet new licencing conditions. The Auckland-based in...
MARKET CLOSE: NZ shares buoyed by prospect of low rates; Spark gains
By Paul McBeth Sept. 23 (BusinessDesk) - New Zealand shares rose, bucking international leads, as the prospect of persistently low interest rates continues to buoy the local equity market. Spark New Zealand defied negative headlines to end the day stronger. The S&P/NZX 50...
Spark's wobbly world cup start raises stakes for live-streaming - analysts
By Paul McBeth Sept. 23 (BusinessDesk) - Spark New Zealand will face greater scepticism from sporting bodies and the wider public about its ability to stream live sports after falling back on Television New Zealand for the All Blacks' first match in the Rugby World Cup over th...
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