News in Brief
News in Brief
MyRepublic breaches telco levy rules again
The Commerce Commission has penalised MyRepublic after internet provider failed to provide annual accounts used to calculate its share of the Telecommunications Development Levy for a second year.Under the Telecommunications Act, companies must provide financial information to he...
Property
Argosy reaffirms unchanged dividend
Argosy Property expects to mirror last year's 6.35 cent dividend for the 2021 financial year, on the strength of its resilience through covid and despite the challenges of the "economically weak" period, it said today.The firm also confirmed it will pay a first-quarter divide...
Wellington Airport eyes $100m bond offer
Wellington International Airport is considering a six-year fixed rate bond offer of up to $75 million, with the ability to accept $25 million in oversubscriptions.The airport operator has appointed ANZ Bank New Zealand as the arranger and Forsyth Barr as joint lead manager to coo...
Air NZ ramps domestic schedule on strong demand
Air New Zealand has ramped up its domestic schedule for August to 70 percent of pre-covid 19 levels. The airline had planned to operate at about 55 percent of its usual capacity during August.However, it has been “pleasantly surprised with demand for domestic travel,” said Air NZ...
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