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Services
Would-be Stuff investors lining up, says CEO Boucher
Would-be investors and supporters of the newly independently-owned Stuff have been lining up, according to chief executive Sinead Boucher, who says the news business has come through the covid-19 advertising revenue crisis without needing to dip into cash reserves or taking on co...
Economy
Govt forsakes financial gain to facilitate faster 5G
The allocation of early access rights in the 3.5 gigahertz band for 5G services will be cheaper for telcos than it would have been pre-covid, but the government is willing to take the revenue hit if it means rolling out the service. The government had planned to auction off sp...
Services
Green Cross suspends dividend to protect balance sheet through pandemic
Green Cross Health won’t pay a final dividend in an effort to protect its balance sheet through the covid-19 pandemic. The pharmacy chain franchisor and primary healthcare provider reported a net profit attributable to shareholders of $13.5 million in the 12 months ended March...
Infrastructure
Z Energy favours import terminal at Marsden Point
Converting the Marsden Point oil refinery to an import terminal is likely to be the best decision for the firm and the country, Z Energy said. The country’s largest fuel retailer said it supports Refining NZ’s “more rigorous” analysis of the long-term options for the refinery...
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