The Australian reports that APN News & Media’s second-largest shareholder, Simon Marais, supports the potential resignations of the company’s chief executive and chairman, and will not support a proposed capital raising. “It’s better that they go because it’s a silly thing to do … putting the cart before the horse,”  Marais, the managing director of fund manager Allan Gray, told …

Independent News & Media, the Irish media group controlled by billionaire Denis O’Brien, wants a clean-out of APN News & Media’s boardroom after gunning for chief executive Brett Chenoweth’s head last week. The Irish group has made an official request for a general meeting that would put APN independent directors Chenoweth, Melinda Conrad, John Harvey, Kevin Luscombe, John Maasland and …

Freightways, the courier and data management company, posted an 11 percent gain in first-half profit to a record, meeting estimates, and said the outlook is for a slow pace of growth. Profit rose to $21 million in the six months ended Dec. 31, from $18.97 million a year earlier, the Auckland-based company said in a statement. Sales rose 8 percent …