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APN News shares halted on report INM seeks CEO’s ouster, capital raising eyed
Feb. 15 (BusinessDesk) – Shares of APN News & Media were halted after the Irish Independent newspaper reported that 28.95 percent owner Independent News & Media has called for the resignation of chief executive and director Brett Chenoweth. The report said INM had formally advi...
No decision on specific asset sales such as Z Energy, NZ Bus, Infratil says
Feb. 15 (BusinessDesk) – Infratil and its manager Morrison & Co say no decision has been made to sell specific assets such as Z Energy of its NZ Bus unit. The NZ Herald reported today that Infratil has been reviewing its capital structure and both Z Energy and NZ Bus could be s...
CORRECT NZ retail sales grow 2.1 percent in 4Q, sending TWI to post-float high
(Corrects to show trade-weighted index at post float high in first and third paragraphs) Feb. 15 (BusinessDesk) – New Zealand retail sales recorded the fastest growth in six years in the fourth quarter, adding to signs of a rebound in consumer spending and sentiment, and sendin...
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