Two Degrees Mobile, which broke New Zealand’s mobile phone duopoly when entered the market in 2009, has largely made inroads into low-value prepay customers, but has struggled to attract more lucrative corporate clients, according to the Commerce Commission’s latest sector review. At the end of June last year, the Auckland-based company had a quarter of New Zealand’s 4.77 million mobile …

The New Zealand dollar touched a nine-week low against the yen and weakened against the greenback after dairy product prices extended their slide in the latest GlobalDairyTrade auction and traders awaited a meeting of the Bank of Japan. The kiwi touched 86.59 yen early this morning, its lowest since March 17, and was trading at 86.83 yen at 9:55am in Wellington, from 87.46 …

Abano Healthcare, the medical investor embroiled in a dispute with its biggest shareholder, said full-year profit will rise at least 60 percent and urged shareholders to support chairman Trevor Janes at a special meeting that seeks to have him dumped. In a letter to shareholders signed by the remaining five board members they describe a “misleading communications campaign” by dissident …