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Full steam ahead for media merger appeal
By Pattrick Smellie Oct. 5 (BusinessDesk) - New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. NZX-listed NZME and Stuff, the recently re...
NZ govt operating surplus pips pre-election forecast as corporate profits swell tax take, spending delays
By Paul McBeth Oct. 5 (BusinessDesk) - The New Zealand government's annual operating surplus was a little bigger than projected in the pre-election forecast as fatter corporate profits helped swell the Crown's tax take and as some spending was put off. The operating balanc...
Summerset 3rd-qtr sales of occupation rights fall 21% as new and resales drop
By Jonathan Underhill Oct. 5 (BusinessDesk) - Summerset Group's sales of occupation rights fell about 21 percent in the third quarter, with a decline in both resales and new sales, although it said some settlements will be recognised in the fourth quarter. The Wellington-ba...
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