Hints and tips:
...Despite opposition from the country’s association for players, the technology-focused firm, which has several sports investments, took an initial 5.7 per cent stake for NZ$200mn in 2022....
...Also on Thursday, Air New Zealand said its full-year pre-tax loss widened by 95 per cent to NZ$810mn (US$503mn) despite a 9 per cent rise in revenue after the country reopened its international borders this...
...– Blonde Money on NZ, China and the pandemic. – Does Bunny dream of electric dogs?...
...At a midpoint price of NZ$8, Fonterra’s 10,000 farmer suppliers would receive NZ$12bn....
...New Zealand Rugby made a loss of NZ$34.6m in 2020 on a NZ$55m revenue fall caused by the coronavirus pandemic, which has disrupted fixtures....
...International film productions will generate NZ$730m spending this year, according to the New Zealand Film Commission....
No 10 insists agreement would not undercut British farmers or compromise standards
...More than 17,000 businesses in New Zealand have voluntarily repaid NZ$524m ($370.3m) in subsidies following a recent call by Jacinda Ardern, prime minister, for companies “to do the right thing” if their...
...Air New Zealand faces big challenges in the months ahead, including a looming NZ$1.5bn $1.1bn) capital raise to repay rescue loans from the government....
...NZ Rugby is in deep financial trouble....
...Who Christie’s International Real Estate Mellonsfolly Ranch, Raetihi, New Zealand, NZ$10.7m ($7.5m) Where Remote, not far from Mount Ruapehu, the active volcano in the middle of the country’s North Island...
...Just minutes after bourse operator NZX said that the NZ$204bn ($135.5bn) exchange would open as normal on Friday morning, it called a halt due to denial-of-service attacks it said came from offshore....
...pandemic has been a mixed blessing for Xero, which was founded in 2006 and reported its first full-year net profit after tax in the year to March 31 on the back of a 30 per cent increase in revenues to NZ...
...In contrast, the New Zealand government advanced a NZ$900m standby loan facility to Air New Zealand last week at interest rates of between 7 and 9 per cent....
...to NZ$675m....
...Air New Zealand also reported a dip in profit on Thursday, with earnings before tax amounting to NZ$374m ($239m), compared with NZ$540m in the year before....
...In 2005 it bought a 43 per cent stake in Sanlu, a Chinese milk processor, for NZ$250m....
...The group has set a goal of reducing debt by NZ$800m by the end of July in order to protect its credit rating. Its net debt stood at NZ$7.4bn as of March 31....
...Fonterra wrote down the value of its stake by NZ$439m in February. “I don’t think they will find a buyer,” said Song Liang, an independent dairy industry analyst....
...Rating agency Standard & Poor’s estimates the Reserve Bank of New Zealand’s proposal would force banks operating in the country to raise their tier one capital levels by a minimum total of NZ$13.7bn ($8.9bn...
...The ruling is the second setback for Vodafone in the region after a NZ$2.4bn merger with Sky in New Zealand was blocked by regulators in 2017....
...“Huawei is at the heart of the current tensions between Beijing and New Zealand,” said David Mahon, founder of Beijing-based Mahon China Investment Management Ltd....
...Mr Spierings was paid NZ$8m in the year to end July, down from NZ$8.3m a year earlier — although NZ$4m of his 2018 package was related to long-term incentives earned in 2017....
Shares touch record high on strong performance by core Australia and NZ businesses
...Fonterra reported a net loss of NZ$196m ($128.6m) for the 12 months to the end of July, down from a net profit after tax of NZ$745m a year earlier....
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