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Telecom FY earnings fall to bottom of guidance range, sees unchanged dividend in 2014
By Paul McBeth Aug. 23 (BusinessDesk) - Telecom Corp, which carved out its network operator unit Chorus at the end of 2011, reported a 0.5 percent decline in adjusted annual earnings to the bottom of its guidance range, and is predicting an unchanged dividend payment in 2014....
CORRECT David Ross appears at District Court hearing, remanded until Aug.29
(Corrects name of PwC’s David Bridgman in sixth paragraph of story that first ran Aug. 22) Aug. 22 (BusinessDesk) – David Ross, the Ponzi-accused former manager of Ross Asset Management, appeared in the District Court in Wellington this morning for substantive hearings on eight...
NZ dollar falls to three-week low, likely to extend decline on Fed tapering, LVR restrictions
By Tina Morrison Aug. 23 (BusinessDesk) – The New Zealand dollar will likely extend its 3.3 percent decline this week as the Federal Reserve moves closer to tapering its bond buying programme and as pending limits on low equity mortgage lending in New Zealand dampen expectations...
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