News in Brief
News in Brief
News in Brief
TVNZ’s new chair is a no-nonsense corporate dealmaker
One of New Zealand’s most respected corporate dealmakers has been appointed chairman of TVNZ – the Government’s biggest move yet in the shake-up of the public broadcaster’s board and operation.Retiring Goldman Sachs NZ managing director and chief executive Andrew Barclay will rep...
News in Brief
BNZ cuts one-year fixed mortgage rate below 4.5%
BNZ has cut its one-year fixed home loan rate to a market-leading 4.49%.The 26-basis-point (bps) cut, effective from Tuesday, is the lowest standard advertised rate among the major banks.The lowest one-year rate currently offered by ASB, ANZ, Westpac and Kiwibank is 4.75%.Karna L...
News in Brief
New SkyCity CEO Jason Walbridge got pay package worth $2.6m
SkyCity Entertainment Group chief executive Jason Walbridge got a pay package worth $2.6 million in the latest year, but chair Julian Cook said only $1.6m of that was in cash.The figures were released on Monday in the company’s annual report.That showed Walbridge’s remuneration f...
News in Brief
Scales spends $104m to lift ownership in Australian joint ventures
Scales Corp is lifting its ownership in several Australian joint ventures for A$91.05 million (NZ$104m). Both Meateor Australia and Fayman International will become 100% owned subsidiaries, and ANZ Exports will now be 85% owned.The total price includes A$49.4m payable in cash tod...
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