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Fairfax Media says revenue slide likely to lead to 18% drop in annual earnings
By Paul McBeth June 12 (BusinessDesk) - Fairfax Media, the Australian media group that's taken charges of more than A$1 billion against its mastheads and goodwill since 2010, says sales continued to slide in its second half of this year, leading to an 18 percent slump in annual...
IRG to sell assets, retain listed shell, Brent King mulls whether to bid
June 12 (BusinessDesk) – Investment Research Group, a financial advisory and media company, plans to sell its assets and retain its shell as a listed entity after reviewing its business options. Auckland-based IRG said its 55 percent-owner, GA Sego, will “provide assistance to t...
NZ credit, debit card spending climbs 1.2% in May as fuel takes a larger chunk
By Paul McBeth June 12 (BusinessDesk) - New Zealanders spent more on their credit and debit cards in May for a second month, with more cash going towards fuel. The seasonally adjusted value of total transactions on electronic cards rose 1.2 percent to $5.54 billion, according...
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