NZ to impose fee on $1 bln a year bet offshore on local racing, sports, widen scope of TAB
By Sophie Boot Nov. 24 (BusinessDesk) - The government is planning to impose a fee on offshore gaming companies which take in $1 billion a year in bets on New Zealand racing and sports, and may allow the TAB to widen its product range to stem the flow of Kiwis betting online w...
Evolve shares jump on 1H profit of $8.4 mln, affirms annual guidance
By Sophie Boot Nov. 23 (BusinessDesk) - Evolve Education Group shares jumped to a five-month high after the childcare operator said its first-profit profit was in line with forecast annual earnings. The Auckland-based company reported a net profit of $8.4 million in the six...
MARKET CLOSE: NZ shares rise as earnings outlook lifts Kathmandu; Tower flags costs
By Sophie Boot Nov. 20 (BusinessDesk) - New Zealand shares rose after Kathmandu Holdings reported first-quarter margin growth and affirmed its full-year target, while Tower fell after warning that increased costs would dent profit. The S&P/NZX 50 Index rose 13.27 points, or...
Spark joins firms tapping debt market, to sell up to $150 mln of seven-year bonds
By Sophie Boot Nov. 20 (BusinessDesk) - Spark New Zealand, the country's biggest telecommunications company, will raise as much as $150 million through a retail bond offer, joining a growing number of companies taking advantage of low interest rates to raise debt funding. T...
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