Retail
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Michael Hill Q1 sales rise 9.7%; margin compression continues
Jeweller Michael Hill International reported a 9.7 percent lift in September-quarter sales but said margin compression continues.Sales increased to A$124 million in the period, and were up 11.9 percent when adjusted to reflect a new store opened in Canada and three closures in Au...
Infrastructure
Sky shares plunge to all-time low as Spark steals cricket rights
Sky Network Television shares plunged below $1 for the first time in its 21 years as a listed company after Spark New Zealand pulled the rug out from under the pay-TV operator in securing cricket broadcasting rights. Sky shares slumped as much as 17 percent to 92 cents, valui...
Finance
Should the Australian banks list their NZ subsidiaries on NZX?
The Australian expert the Reserve Bank engaged to critique its bank capital proposals has suggested that the big four banks could list on NZX as a means of dealing with the regulator's desire to force them to hold more capital. James Cummings of Macquarie University is not the...
NZSA to oppose $310k Ebos directors' fee increase
The New Zealand Shareholders' Association is opposing Ebos Group's proposal to increase directors' fees by 28 percent because the company has refused to release advice it received from external consultants on the matter.In advice to members, NZSA says it will vote the proxies it...
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