Sky Network Television, which received a warning from the antitrust regulator for potentially breaching competition law this month, sees annual profit rising as much as 13 percent in the current 2014 financial year, and is preparing to ramp up its foray into mobile and web-based delivery with new products in the pipeline. The Auckland-based pay-TV operator forecasts net profit of …

New Zealand regional banks, which make up about 15 percent of the local market dominated by four large Australian lenders, may struggle to increase revenue in the coming year amid competition from their bigger rivals, Fitch Ratings says in a review of regional financial institutions. The nation’s regional lenders, including Kiwibank, Southland Building Society, Nelson Building Society, Wairarapa Building Society, …

The last two defendants in the fraud case against failed lender Rockforte Finance have been sentenced today in the High Court in Gisborne. The Serious Fraud Office said former director Nigel O’Leary was sentenced to four years’ imprisonment after pleading guilty to nine charges including theft by a person in a special relationship, obtaining by deception, false statement by promoter …