Media consolidation continues as Australia's QMS, MediaWorks eye merger
By Paul McBeth Nov. 29 (BusinessDesk) - ASX-listed outdoor advertising firm QMS Media and local free-to-air broadcaster MediaWorks have signed a conditional deal to merge the New Zealand businesses in the latest round of industry consolidation. The media companies entered...
Augusta more than doubles 1H profit on change of business model
By Paul McBeth Nov. 29 (BusinessDesk) - Augusta Capital more than doubled first-half profit as it reaped more income from funds management and year-earlier costs from its move away from direct property ownership weren't repeated. Net profit climbed to $5.1 million in the s...
NZ dollar jumps as Fed chair Powell signals pause to rate hikes
By Paul McBeth Nov. 29 (BusinessDesk) - The New Zealand dollar jumped three-quarters of a US cent after Federal Reserve chair Jerome Powell was seen as signalling a pause in interest rate hikes that have buoyed the greenback this year. The kiwi climbed to 68.77 US cents as...
MARKET CLOSE: NZ shares gain, led higher by growth stocks Pushpay, A2
By Paul McBeth Nov. 28 (BusinessDesk) - New Zealand shares joined an Asia-wide rally, led higher by export-focused growth stocks Pushpay Holdings and A2 Milk, two of the bourse's most volatile stocks. The S&P/NZX 50 index rose 40.14, or 0.5 percent, to 8,713.96. Within the...
Prev
