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Fisher Funds doubles full-year profit, earns performance fees
Oct. 4 (BusinessDesk) – Fisher Funds Management more than doubled its profit last year as a strong performance and inflows for most of its funds allowed the privately owned firm to lift management fees and earn performance fees. Profit rose to $3.6 million in the year ended Marc...
Telecom lines up to buy 700MHz spectrum to extend reach of 4G network
Oct. 4 (BusinessDesk) – Telecom has registered as a bidder for this month’s government auction of spectrum in the 700 Megahertz range, which the phone company would use to build out its 4Gnetwork from major cities. The government has spent $157 million clearing the spectrum of...
REPEAT Air NZ plans to raise stake in Virgin Australia to 25.9 percent after gaining approvals
(Removes repeated paragraphs at bottom of story.) By Tina Morrison Oct. 4 (BusinessDesk) – Air New Zealand, the national carrier, plans to raise its stake in Virgin Australia Holdings to 25.9 percent after gaining the necessary approvals, cementing its presence in the Australi...
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