Spark bags $47m after accepting ‘low ball’ offer for Hutchison shares
Spark has realised A$43 million (NZ$47m) from the sale of its 10% stake in Hutchison Telecommunications Australia (HTA) – after accepting an offer that a minority HTA shareholder called “lowball”.The telco said the transaction would close in July, with the funds used to reduce de...
Federated Farmers CEO Terry Copeland steps down after 7 years
He leaves at the end of the month.
Maritime NZ files charges against KiwiRail from Aratere grounding
Maritime NZ has filed two charges against KiwiRail after an investigation into the grounding of the Interislander ferry Aratere last year.The charges related to failures by the operator to keep crew and passengers safe while on-board the ferry, said Maritime NZ’s chief executive...
Modest rise in consumer confidence
Consumer confidence continues to tread water, but households could soon receive a back-pocket boost of hundreds of dollars, says a Westpac economist.The Westpac McDermott Miller Consumer Confidence index rose two points to 91.2 in the June quarter.Westpac senior economist Satish...
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