Recent Posts

Diligent halted pending report on executive options, may have to restate accounts

Diligent Board Member Services was halted from trading on the NZX pending a report into stock options granted to chief executive Alessandro Sodi and other employees that may force the company to restate earnings. The company, whose shares have more than doubled in the past 12 months, set up a special committee in December after being notified that some options …

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Businessdesk – Additional on APN moves

APN will announce its annual results on Thursday, and analysts are picking the media group to post a bottom line loss of A$287.5 million, according to forecasts collated by Reuters. Those picks include a 14 percent fall in sales to A$915.9 million and a 29 percent slump in earnings before interest, tax, depreciation amortisation and depreciation of $150.1 million. INM’s …

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NZ dollar holds near 2 ½-year high vs. Australian dollar before RBA minutes

The New Zealand dollar traded near a 2 ½ year high against its Australian counterpart before minutes of the Reserve Bank of Australia’s last policy meeting that may hint at further easing across the Tasman. The kiwi traded at 82.05 Australian cents, little changed from 5 pm in Wellington yesterday, having reached as high as 82.33 cents at the end …

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