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Hellaby sinks into the red on footwear writedown, sweetens dividend
By Paul McBeth Aug. 28 (BusinessDesk) - Hellaby Holdings, the diversified investment company, sank into the red in the latest financial year as it wrote down the value of its footwear unit in a flat retail market. Still, it sweetened its dividend as underlying earnings grow....
NZX names new market "NXT" as it awaits FMA go-ahead
By Suze Metherell Aug. 28 (BusinessDesk) - NZX, the stock market operator, has revealed its new market with lighter disclosure requirements will be called NXT, as it waits on the final go-ahead from the Financial Markets Authority. The Wellington-based stock market operator...
Jetstar loses ground in NZ as Qantas plunges to A$2.84 bln loss
By Paul McBeth Aug. 28 (BusinessDesk) - Jetstar, the discount unit of Australian airline Qantas Airways, lost ground in New Zealand, while claiming better yields on key routes, as its parent plunged into the red after slashing the value of its international fleet. The disco...
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