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News in Brief
Chapman takes over as NZME chair, quits IAG board
Former ASB Bank head Barbara Chapman has taken up the chair of media group NZME following the sudden departure of her predecessor Peter Cullinane before last week’s annual meeting. Chapman will resign her directorship at IAG New Zealand at the end of the month to free up time for...
Markets
MARKET CLOSE: NZ shares fall as pandemic fears remain heightened; Air NZ sinks
New Zealand shares fell as weaker-than-expected data added to resurgent fears about the covid-19 pandemic. Air New Zealand dropped on a dire earnings outlook. The S&P/NZX 50 Index dropped 109.03 points, or 1 percent, to 11,225.28. Within the index, 31 stocks fell, 15 rose, an...
Services
Pushpay lifts profit guidance
Pushpay Holdings has lifted its guidance for annual operating profit by US$2 million, despite the turmoil affecting the economy of its key United States market. The company, which provides church management technology including donation facilitation, now expects earnings befor...
Primary Sector
Fonterra CEO says no timeframe for decisions on capital structure
Fonterra chief executive Miles Hurrell said no decisions have been made about the dairy cooperative’s capital structure and he does not have a timeframe for a review underway. “There is a small team working on it now, internally. No decisions have been made, a number of optio...
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