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2degrees posts operating loss in 2011, sees surplus in 2012
By Pattrick Smellie June 28 (BusinessDesk) - New entrant national mobile operator 2degrees posted an $81.9 million operating loss in its second full year of operation, and is on course to break even on an earnings before interest and tax basis for the first time this year, says...
GPG's Coats loses appeal on European market-fixing
By Pattrick Smellie June 28 (BusinessDesk) - Global thread-maker Coats, Guinness Peat Group's largest remaining asset, has lost a crucial appeal in the European Court of Justice and faces fines and interest totalling 138 million euros, well in excess of provisioning. Coats had...
NZ's insurance premiums top global average, profitability declines
By Hannah Lynch June 28 (BusinessDesk) - Insurance premiums in New Zealand and Australia rose well above the international average in 2011, even as profitability deteriorated, according to global reinsurer, Swiss Re. Life insurance premiums increased 2.2 percent in Australian...
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