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Telecom’s AAPT unit up for sale again, AFR reports
By Paul McBeth Oct. 21 (BusinessDesk) - Telecom Corp is sniffing the wind for potential buyers of Australian AAPT unit again as it overhauls its business under new chief executive Simon Moutter, according to media reports. The Australian Financial Review today reported AAPT ha...
Suncorp’s Vero found liable under Marac policy covering misdeeds by employees
Oct. 21 (BusinessDesk) – Suncorp Group’s Vero unit has been found liable under a historic insurance policy for Marac Finance that covered dishonest acts by employees. Marac had sued Vero for $1 million, the maximum under its crime insurance policy, after the insurer refused to...
CORRECT MetService more than doubles 2013 annual profit after renewing key contracts, cutting costs
(Corrects historical dividend figure in 10th paragraph, adds latest payment) By Tina Morrison Oct. 21 (BusinessDesk) – Meteorological Service of New Zealand, the nation’s state-owned weather forecaster, more than doubled annual profit in 2013 as it reduced costs and renewed key...
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